Eldorado Real Estate Report – February – July 2025
Here is the Eldorado Real Estate Report for the last six months from February – July 2025. Today there are 21 properties on the market ranging in price from 450K – 950K. Sixteen properties are under contract from 460K – 925M. One lot is for sale for133K.
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The market has changed and continues to do so in the buyer’s favor. The number of buyers looking in Santa Fe has decreased for now and they don’t appear to be in a hurry to purchase. While interest rates dropped a bit in the last week, it may not be enough to spur the activity we are used to.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County and in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.**
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In July:
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22 Active Listings – THIRD MONTH IN A ROW. While this is high for Eldorado, there are 2,270 homes out here, so it is still a small percentage of the homes. This is the highest inventory since Fall of 2019.
15 Under Contract
13 Sold
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$320 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 $320 – $380 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.
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94% – is the average of what sellers received on their listing price. This is the lowest percentage so far for 2025. This is based on the original price of the property, not the reduced price. This has ranged from 94% – 99%.
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32 – were the average days on the market in July. This has ranged from 8 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
743K – average listing price
721K – 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.
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 (Feb. 2025 – Jul. 2025) |
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| Average Price per SQFT (Sold) (Feb. 2025 – Jul. 2025) |
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| Avg Days On Market & SP/Orig LP % (Feb. 2025 – Jul. 2025) |
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| Average Price of For Sale and Sold (Feb. 2025 – Jul. 2025) |
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| Months of Inventory Based on Closed Sales (Feb. 2025 – Jul. 2025) |
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