by katezr | Feb 10, 2022 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report covering the last six months – August 2021 – January 2022.
Today there are three homes for sale in Eldorado priced from 575K to 895K. One property is about to close OVER 1M. Yes, that is One. Million. Dollars.
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Eldorado remains one of the most in-demand neighborhoods in Santa Fe County with many more buyers than we have homes to sell them. Lack of available inventory looks to drive the market once again this year. Prices continue to rise and most homes are receiving multiple offers. Some sell before coming on the market, but still well above the asking price. Seasonal listing times no longer matter, the best time to list is when the seller and the property are ready.
***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***
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In January:
2 Active Listings
12 Under Contract
6 Sold
$308 was the average price per square foot last month. This has ranged between $276 and $316 over the last six months. 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.
23 – were the average days on the market in January. This is the number of days it took for sellers to accept a contract, not to close. Some properties are zero days, some are longer if they came in too high and had to reduce the price in order to receive an offer.
RECORD 107% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020, in 2021 it ranged from 101% – 107% in the last six months. This is the price in which the home was listed when it sold, not necessarily the original listing price.. ***Some properties sell for as high as 20% or more over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***
$677K average listing price
$640K average sales price
– 0.3 months of inventory – NINE DAYS. Eldorado has had only a few weeks of inventory all year. 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.
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. 2021 – Jan. 2022) |
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| Average Price per SQFT (Sold) (Aug. 2021 – Jan. 2022) |
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| Avg Days On Market & Sold/List Price % (Aug. 2021 – Jan. 2022) |
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| Average Price of For Sale and Sold (Aug. 2021 – Jan. 2022) |
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| Months of Inventory Based on Closed Sales (Aug. 2021 – Jan. 2022) |
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by katezr | Jan 6, 2022 | Eldorado Real Estate Market Report
Greetings All –
As we round the bend into 2022, Eldorado remains one of the most in-demand neighborhoods in Santa Fe County. Lack of available inventory looks to drive the market once again this year. Prices continue to rise and most homes are receiving multiple offers. Some sell before coming on the market, but still above the asking price. Seasonal listing times no longer matter, the best time to list is when the seller and the property are ready.
***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***
Here is the Eldorado Real Estate Report covering 2021.
In December:
3 Active Listings – 10 of the last 12 months, available Eldorado homes for sale were in the single digits.
8 Under Contract
11 Sold
RECORD **** $316 was the average price per square foot last month. This has ranged between $245 and $316 over the last 12 months. 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.
16 – 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. Some properties are zero days, some are longer if they came in too high and had to reduce the price in order to receive an offer.
102% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020, in 2021 it ranged from 101% – 106% this past year. This is the price in which the home was listed when it sold, not necessarily the original listing price.. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***
$705K average listing price
RECORD $642K average sales price
– 0.3 months of inventory – NINE DAYS. With the exception of July, Eldorado has had only a few weeks of inventory all year. 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.
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. 2021 – Dec. 2021) |
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| Average Price per SQFT (Sold) (Jan. 2021 – Dec. 2021) |
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| Avg Days On Market & Sold/List Price % (Jan. 2021 – Dec. 2021) |
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| Average Price of For Sale and Sold (Jan. 2021 – Dec. 2021) |
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| Months of Inventory Based on Closed Sales (Jan. 2021 – Dec. 2021) |
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by katezr | Dec 8, 2021 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report covering the last six months – June – November. Inventory remains extremely low and demand is still high. I went back two years on the MLS history to see just how low our available inventory is and what I discovered was astonishing.
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In November 2019:
23 active listings – today there are 4. **AN 82% DECREASE IN AVAILABLE HOMES FOR SALE**
Pendings are up by 37%
Solds are up 71%
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I researched the Santa Fe County numbers for single-family homes too:
527 homes for sale in November 2019
186 homes for sale in November 2021
That is nearly a 65% drop in available homes for sale
Solds are up by 16%, which is extraordinary considering the lack of properties to sell
Some properties go under contract before coming on the market. In this case, buyers must make it worth the seller’s while for not putting the home on the MLS – in other words – with desirable price and terms. Also, if buyers are obtaining financing, they will likely have to waive the appraisal contingency – meaning should the home appraise for less than the sales price, buyers agree to make up the difference in cash.
***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***
In November:
4 Active Listings
11 Under Contract
12 Sold
****$271 was the average price per square foot last month. This has ranged between $268 and $301 over the last six months. 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.
19 – were the average days on the market in November. This is the number of days it took for sellers to accept a contract, not to close.
102% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020. This is the price in which the home was listed when it sold, not necessarily the original listing price. This has ranged from 101% – 105% over the last 6 months. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***
$763K average listing price – there is one for 1M+ on the market which is why this number is unusually high
$566K average sales price
– 0.3 months of inventory – NINE DAYS. 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.
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 (Jun. 2021 – Nov. 2021) |
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| Average Price per SQFT (Sold) (Jun. 2021 – Nov. 2021) |
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| Avg Days On Market & Sold/List Price % (Jun. 2021 – Nov. 2021) |
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| Average Price of For Sale and Sold (Jun. 2021 – Nov. 2021) |
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| Months of Inventory Based on Closed Sales (Jun. 2021 – Nov. 2021) |
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by katezr | Nov 6, 2021 | Eldorado Real Estate Market Report
Eldorado Real Estate Report.
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Welcome to the Fall installment of SELLER’S MARKET, Eldorado Edition. Today there is one commercial lot listed at 299K (Monte Alto intersection) and five homes for sale ranging from 400K – to 1M+. Inventory continues to be a challenge for buyers looking for their dream house in our beautiful neighborhood.
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Some properties go under contract before coming on the market. In this case, buyers must make it worth the seller’s while for not putting the home on the MLS – in other words – with desirable price and terms. Also, if buyers are obtaining financing, they will likely have to waive the appraisal contingency – meaning should the home appraise for less than the sales price, buyers agree to make up the difference in cash.
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***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***
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In October:
6 Active Listings
11 Under Contract
21 Sold
****$293 was the average price per square foot last month. This has ranged between $262 and $301 over the last six months. 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.
11 – were the average days on the market in October. This is the number of days it took for sellers to accept a contract, not to close.
105% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020. This is the price in which the home was listed when it sold, not necessarily the original listing price. This has ranged from 101% – 106% over the last 6 months. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***
$682K average listing price
$590K average sales price
– 0.3 months of inventory – NINE DAYS. 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.
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 (May. 2021 – Oct. 2021) |
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| Average Price per SQFT (Sold) (May. 2021 – Oct. 2021) |
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| Avg Days On Market & Sold/List Price % (May. 2021 – Oct. 2021) |
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| Average Price of For Sale and Sold (May. 2021 – Oct. 2021) |
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| Months of Inventory Based on Closed Sales (May. 2021 – Oct. 2021) |
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by katezr | Oct 6, 2021 | Eldorado Real Estate Market Report
Eldorado Real Estate Report.
Welcome to another installment of SELLER’S MARKET, Eldorado Edition. Today there are three lots and five homes for sale. Inventory continues to be a challenge for buyers looking for their dream house in our beautiful neighborhood. Some of them have lost bidding wars on numerous properties.
Record broken this month is the months of inventory – WE HAVE THREE DAYS OF INVENTORY IN ELDORADO! This is the length of time it would take to sell all the active homes at the current rate of sales.
In September:
4 Active Listings
20 Under Contract
27 Sold
****$280 was the average price per square foot last month. This has ranged between $262 and $301 over the last six months. 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.
12 – were the average days on the market in September. This is the number of days it took for sellers to accept a contract, not to close.
101% – is what sellers received on their listing price last month. This has been over 100% since November 2020. This is the price in which the home was listed when it sold, not necessarily the original listing price.
This has ranged from 101% – 106% over the last 6 months. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***
$550K average listing price
$595K average sales price
– 0.1 months of inventory – THREE DAYS. 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.
Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.
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 (Apr. 2021 – Sep. 2021) |
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| Average Price per SQFT (Sold) (Apr. 2021 – Sep. 2021) |
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| Avg Days On Market & Sold/List Price % (Apr. 2021 – Sep. 2021) |
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| Average Price of For Sale and Sold (Apr. 2021 – Sep. 2021) |
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| Months of Inventory Based on Closed Sales (Apr. 2021 – Sep. 2021) |
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