3 bedrooms, 3 baths. 2,900 square feet. Bonus office and media room. 2 acres. 585K
This property has the ideal floorplan for today’s buyer: 3 bedrooms, 3 bathrooms, office space and a separate media room. Direct entry oversized, 2-car garage and an open floorplan. Add to this amazing mountain vews in almost every direction from elevated lot and plenty of wall space for artwork – it’s your lucky day. New kitchen with beautiful hickory cabinets, stainless appliances, quartz counters and an island with a walnut counter top and additional storage. Luxurious master bedroom has a tile floor, private portal, wood burning kiva with flagstone hearth, large walk-in closet, double sinks, soaking tub and spacious shower. Radiant tubing is Aqua Pex. Paved road. Converted to natural gas from propane 2018. Proper laundry room with a ton of storage and a sink. Carpet in guestrooms is new.
62 Camino Rosa Linda, Lamy
Gorgeous long-range 360 degree mountain views from this 12.5 acre lot 30 minutes from the Santa Fe Plaza. Serene and peaceful area where you can watch the spectacular sunsets and star gaze every night. Easy building site and shared well is already in place. Shopping and restaurants in the Eldorado area are minutes away. Bring your horses!
Here is the monthly Eldorado Real Estate Report covering the last six months from November 2017 through April 2018.
**Low inventory means higher prices. ** Two Weeks of Inventory – Lowest on Record!
Listing prices are increasing due to the lack of available homes on the market. Multiple offer situations are back. If you are looking for a home in Eldorado, best to get your financing in place now if you are getting a loan or have your proof of funds ready if you are paying cash. Offers contingent on selling another home are still happening, but your leverage will be decreased.
If you are considering listing later in the year, now may be an ideal time as your competition is low.
11 Active Eldorado Properties
18 Homes Under Contract
– $194 was the average price per square foot in April. Remember this number depends on a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $198 – $218 in the last six months. Some properties sell for as low as $115 and as high as $294.
****55 were the average days on the market last month. *** The Santa Fe MLS has changed the way Days on the Market are reported. No longer are the days counted in which a property is under contract. Which could be 14-65 days typically. Days on the market are stopped the day a seller accepts an offer.
– 98% is the sales price vs. listing price for April. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 97% – 99% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.
– 423K was the average listing price last month. The average sales price was 410K.
– .06 months of inventory – which 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 healthy real estate market. Eldorado remains a popular and in-demand neighborhood.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.