2024 YTD Eldorado Real Estate Report

2024 YTD Eldorado Real Estate Report

Here is the year-end round up of the Eldorado real estate activity for 2024. There were 108 properties sold last year ranging in sales price from 420K to 1.1M. Two Eldorado homes sold for more than 1M. No listings came on the market under 400K. 

Four lots sold last year ranging from 139K – 215K.

Our inventory began to increase from June – October and sales were relatively steady throughout the year.

There are 11 active listings today ranging from 469K – 1.3M and six lots available from 130K to 190K. 

Home inspections remain challenging. Terminations were again on the high side this year – due primarily to roof issues, Kitec plumbing in floors and/or walls and the age of mechanical systems. While a boiler or roof may be perfectly functional at the time of the inspection, a home inspector may say the dreaded “at the end of its life and buyer should budget for a replacement.” Then here we go back to the table for an expensive repair or credit two weeks prior to closing. 

If you are planning to list in the next year or so, consider getting a pre-listing inspection – it will be the best $600 you can invest in the sale of your property. Then you can get ahead of not only major items, but the long list of minor items buyers will request to be addressed anyway. 

In December:

12 Active Listings

8 Under Contract

6 Sold

$333 was the average price per square foot last month, the average for 2024 was $345. 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 in the last 12 months.

42 – were the average days on the market in December. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 7 – 55 days in the last year.

92% – is the average of what sellers received on their listing price last month. This is based on the original price of the property, not the reduced price. This has ranged from 92% – 100% in 2024.

783K – average listing price in December, the average for 2024 was 792K.

748K – average sold price in December, the average for 2024 was 618K.

2 Months of Inventory in December – In 2024, this ranged from 2 – 7 weeks. Months of inventory means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales.

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 – Dec. 2024)

 

Average Price per SQFT (Sold) (Jan. 2024 – Dec. 2024)

 

Avg Days On Market & SP/Orig LP % (Jan. 2024 – Dec. 2024)

 

Average Price of For Sale and Sold (Jan. 2024 – Dec. 2024)

 

Months of Inventory Based on Closed Sales (Jan. 2024 – Dec. 2024)