Eldorado Real Estate Report – August 2024 – January 2025
Here is the Eldorado Real Estate Report for the last six months from August 2024 – January 2025. Today there are 11 properties on the market ranging in price from 469K – 1.3M. Six lots are for sale between 130K – 189K. Ten homes are under contract from 545K – 720K.
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On a recent listing of mine, there were 15 showings and four offers. Buyers are back – at least for now. This property received a lot of attention for a couple of reasons – one, the seller spent a lot of time and money getting it properly prepared for sale – and there was a lot to do. Two, there is also a separate studio space with a bedroom and bath. Today’s buyers are looking for properties in good shape with no deferred maintenance.
In January:
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14 Active Listings
6 Under Contract
7 Sold
$343 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 $331 – $360 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.
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 92% – 97%.
38 – were the average days on the market in January. This has ranged from 21 – 45. This is the number of days it took for sellers to accept a contract, not to close.
774K – average listing price.
714K – average sold price
2 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.
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 (Aug. 2024 – Jan. 2025) |
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| Average Price per SQFT (Sold) (Aug. 2024 – Jan. 2025) |
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| Avg Days On Market & SP/Orig LP % (Aug. 2024 – Jan. 2025) |
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| Average Price of For Sale and Sold (Aug. 2024 – Jan. 2025) |
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| Months of Inventory Based on Closed Sales (Aug. 2024 – Jan. 2025) |
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