Eldorado Real Estate Report – May – October 2024
Here is the Eldorado Real Estate Report for the last six months, May – October 2024. There are 18 properties on the market today priced between 479K and 1.3M. Eleven properties are under contract ranging from 479K – 1.2M. Five lots are for sale from 130K – 162K. Of those, three require a well which is about 55K these days, and one does have community water available with a water meter now costing 17K.
The Eldorado market remains stable and balanced. Of the 17 transactions I have closed this year, 100% of the buyers obtained financing, which is unusual. Getting your property prepared for sale and pricing it correctly is still critical in winning the real estate game. Get ahead of deferred maintenance, declutter everywhere, wash windows and deep clean.
In October:
19 Active Listings
10 Under Contract
11 Sold
$360 was the average price per square foot last month. This number depends on such a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc.. and is not a fully accurate measure of value, just one tool of many. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This has ranged from $330 – $364 in the last six months. Keep in mind this is the average – some homes have a much lower price per square foot and some have a much higher number.
97% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 93% – 100% in the last six months.
21 – were the average days on the market in October. This has ranged from 7 – 35 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
800K – average listing price.
621K – average sold price
1.7 months of inventory. This means the length of time it would take to sell all the homes on the market at the current rate of sales. This has ranged from 0.6 to 2.4 in the last six months.
If you would like to discuss the current state of the Eldorado market or have questions about this wonderful neighborhood, please don’t hesitate to contact me.
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