
Eldorado Real Estate Report – Jan. – Nov. 2024
Here is the Eldorado Real Estate Report from January through November – I thought it would be interesting to see the year-to-date to really see the inventory movement this year. After a slow October and November, activity has increased with more buyers entering our market. The Eldorado market remains stable and balanced. Should interest rates begin to decrease in the new year, our market will become more competitive and multiple offers will come back.
There are 14 properties on the market today priced between 459K and 1.5M. Eight properties are under contract ranging from 485K – 949K. Six lots are for sale from 130K – 190K. While our inventory has increased towards the end of the year, there are 2,760 homes in Eldorado so still low numbers considering how many homes are out here.
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 November:
15 Active Listings
4 Under Contract
8 Sold
$358 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 $311 – $370 this year. Keep in mind this is the average – some homes have a much lower price per square foot and some have a much higher number.
95% – 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% this year.
45 – were the average days on the market in November. This has ranged from 7 – 55 this year. This is the number of days it took for sellers to accept a contract, not to close.
858K – average listing price.
748K – average sold price
1.9 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 this year.
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.
Number of Homes For Sale vs. Sold vs. Pended (Jan. 2024 – Nov. 2024) |
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Average Price per SQFT (Sold) (Jan. 2024 – Nov. 2024) |
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Avg Days On Market & SP/Orig LP % (Jan. 2024 – Nov. 2024) |
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Average Price of For Sale and Sold (Jan. 2024 – Nov. 2024) |
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Months of Inventory Based on Closed Sales (Jan. 2024 – Nov. 2024) |
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