Eldorado Real Estate Report March – August 2025
Here is the Eldorado Real Estate Report for the last six months from March – August 2025. Today there are 22 properties on the market ranging in price from 450K – 1.2M. Nine properties are under contract from 549K – 799M. Three lots are for sale for between133K – 148K. All three of these lots require a well and an electric transformer. Two of these lots have been on the market more than of 400 days.
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Of the 22 active properties in Eldorado, 13 have had one or more price reductions. Pricing a property correctly the first time gives sellers a much greater chance of selling more quickly and closer to the asking price.
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The market continues to turn in the buyer’s favor not quite a buyer’s market but inching closer. Today’s buyers feel if they are paying Covid-era prices, the property needs to be in excellent condition.
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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 August:
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18 Active
11 Under Contract
16 Sold
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$359 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 – $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.
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98% – 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 94% – 99% in the last six months.
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25 – were the average days on the market in August. This has ranged from 8 – 40 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
733K – average listing price
670K – average sold price
1. 1 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 (Mar. 2025 – Aug. 2025) |
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| Average Price per SQFT (Sold) (Mar. 2025 – Aug. 2025) |
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| Avg Days On Market & SP/Orig LP % (Mar. 2025 – Aug. 2025) |
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| Average Price of For Sale and Sold (Mar. 2025 – Aug. 2025) |
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| Months of Inventory Based on Closed Sales (Mar. 2025 – Aug. 2025) |
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