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Eldorado Real Estate Report – May – Oct. 2019

Eldorado Real Estate Report – May – Oct. 2019

Here is the Eldorado Real Estate Report for the last six months covering May – October 2019. Inventory is up slightly, with 23 on the market in last month.

Our market is still very active with the average price per square foot breaking a record at $244.

In October:

23 Active Eldorado Properties

9 Homes Under Contract

11 Sold

******* $244 was the average price per square foot in October. This is the highest I could find going back 15 years in the MLS. This is the average of the homes sold in October – some were higher and some were lower. 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.

****43 were the average days on the market last month. **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

– 99% is the sales price vs. listing price for October. 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 99% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

– 473K was the average listing price last month. The average sales price was 447K.

– 2.1 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 balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA. A few Texans and Floridians too.

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (May. 2019 – Oct. 2019)

 

Average Price per SQFT (Sold) (May. 2019 – Oct. 2019)

 

Avg Days On Market & Sold/List Price % (May. 2019 – Oct. 2019)

 

Average Price of For Sale and Sold (May. 2019 – Oct. 2019)

 

Months of Inventory Based on Closed Sales (May. 2019 – Oct. 2019)

 

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Eldorado Real Estate Report – April – Sept. 2019

Eldorado Real Estate Report – April – Sept. 2019

Here is the Eldorado Real Estate Report for the last six months covering April – September 2019. Inventory is up slightly, with 19 on the market as of today. There are 9 lots for sale between 75K – 299K and 19 homes on the market between 322K – 599K.

In September:

 

16 Active Eldorado Properties

14 Homes Under Contract

10 Sold

 

– $215 was the average price per square foot in September. 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.

 

****31 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

 

– 99% is the sales price vs. listing price for September. 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 99% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

 

– 471K was the average listing price last month. The average sales price was 456K.

 

– 1.6 month 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 balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.

 

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA. A few Oklahoma and Texas too.

 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.

 

Number of Homes For Sale vs. Sold vs. Pended (Apr. 2019 – Sep. 2019)

 

Average Price per SQFT (Sold) (Apr. 2019 – Sep. 2019)

 

Avg Days On Market & Sold/List Price % (Apr. 2019 – Sep. 2019)

 

Average Price of For Sale and Sold (Apr. 2019 – Sep. 2019)

 

Months of Inventory Based on Closed Sales (Apr. 2019 – Sep. 2019)

 

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Eldorado Real Estate Report – March -August 2019

Eldorado Real Estate Report – March -August 2019

Here is the monthly Eldorado Real Estate Report covering the last six months – March – August 2019. Inventory is still relatively low. October is typically very active in all parts of Santa Fe.

In August:

 

14 Active Eldorado Properties

19 Homes Under Contract

11 Sold

 

– $219 was the average price per square foot in August. 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. A smaller home sold recently for $325 per foot.

 

****33 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

 

– 99% is the sales price vs. listing price for August. 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 99% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

 

– 470K was the average listing price last month. The average sales price was 412K.

 

– 1.3 month 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 balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.

 

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA. A few Oklahoma and Texas too.

 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2019 – Aug. 2019)

 

Average Price per SQFT (Sold) (Mar. 2019 – Aug. 2019)

 

Avg Days On Market & Sold/List Price % (Mar. 2019 – Aug. 2019)

 

Average Price of For Sale and Sold (Mar. 2019 – Aug. 2019)

 

Months of Inventory Based on Closed Sales (Mar. 2019 – Aug. 2019)

 

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Eldorado Real Estate Report – Feb. – July 2019

Eldorado Real Estate Report – Feb. – July 2019

Here is the monthly Eldorado Real Estate Report covering the last six months – February – July 2019. Inventory is low and we hope to see more homes coming on the market as we head into Fall. Even in this seller’s market, it is still important to prepare a home for sale so the inspection process does not result in a termination, significant repair costs or steep price concessions for sellers.

In July:

 

17 Active Eldorado Properties

10 Homes Under Contract

13 Sold

 

– $196 was the average price per square foot in July. 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. A smaller home sold recently for $325 per foot.

 

****18 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

 

– 100% is the sales price vs. listing price for July.  A few sellers received over their asking price. 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 96% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

 

– 475K was the average listing price last month. The average sales price was 448K.

 

– 1.3 month 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 balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.

 

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA.

 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, call or email me anytime.

 

 

Number of Homes For Sale vs. Sold vs. Pended (Feb. 2019 – Jul. 2019)

 

Average Price per SQFT (Sold) (Feb. 2019 – Jul. 2019)

 

Avg Days On Market & Sold/List Price % (Feb. 2019 – Jul. 2019)

 

Average Price of For Sale and Sold (Feb. 2019 – Jul. 2019)

 

Months of Inventory Based on Closed Sales (Feb. 2019 – Jul. 2019)

 

 

If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published August 2019, based on data available at the end of July 2019. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

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Eldorado Real Estate Report – January – June 2019

Eldorado Real Estate Report – January – June 2019

Here is the monthly Eldorado Real Estate Report covering the last six months – January – June 2019. Inventory has increased slightly and we hope for additional increases as we head into Fall. Buyers are standing by waiting for the right house to come on the market. Even in this market, it is still important to prepare a home for sale so the inspection process does not result in a termination, significant repair costs or steep price concessions.
In June:
  
22 Active Eldorado Properties
17 Homes Under Contract
19 Sold
  
 
– $219 was the average price per square foot in June. 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. A smaller home sold for $325 per foot.
  
****35 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **
  
– 99% is the sales price vs. listing price for June. 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% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.
  
– 484K was the average listing price last month. The average sales price was 462K.
  
– 1.2 month 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 balanced market between buyers and sellers. Less than 6 months means a sellers market, more than 6 months means a buyers market.
Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA.
  
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.
Number of Homes For Sale vs. Sold vs. Pended (Jan. 2019 – Jun. 2019)
Average Price per SQFT (Sold) (Jan. 2019 – Jun. 2019)
Avg Days On Market & Sold/List Price % (Jan. 2019 – Jun. 2019)
Average Price of For Sale and Sold (Jan. 2019 – Jun. 2019)
Months of Inventory Based on Closed Sales (Jan. 2019 – Jun. 2019)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

 

*All reports are published July 2019, based on data available at the end of June 2019. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Eldorado Real Estate Report – Dec. 2018 – May 2019

Eldorado Real Estate Report – Dec. 2018 – May 2019

***Sellers Market Continues into JUNE***
Here is the monthly Eldorado Real Estate Report covering the last six months – December 2018 – May 2019. Inventory remains at record lows as we head into the Summer season.  There are buyers waiting for just the right house to come on the market…and they move quickly with multiple offers in price ranges under 550K. In the last month, I have had 7 offers on one property and 5 offers on another. If you or someone you know is thinking about listing their Eldorado area home, NOW IS THE TIME.
   
In May:
16 Active Eldorado Properties
18 Homes Under Contract
14 Sold
 
– $220 was the average price per square foot in May. 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. Soon we will see a few homes break the $300 per foot barrier.
   
****38 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **
   
– 99% is the sales price vs. listing price for May. 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% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.
   
– 459K was the average listing price last month. The average sales price was 444K.
   
– 1.1 month 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 balanced market between buyers and sellers. Less than 6 months means a sellers market, more than 6 months means a buyers market.
   
Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA.
If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.
Number of Homes For Sale vs. Sold vs. Pended (Dec. 2018 – May. 2019)
Average Price per SQFT (Sold) (Dec. 2018 – May. 2019)
Avg Days On Market & Sold/List Price % (Dec. 2018 – May. 2019)
Average Price of For Sale and Sold (Dec. 2018 – May. 2019)
Months of Inventory Based on Closed Sales (Dec. 2018 – May. 2019)
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