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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Eldorado Real Estate Report – Nov. 2018 – April 2019

Eldorado Real Estate Report – Nov. 2018 – April 2019

***Sellers Market Continues into Summer***
Here is the monthly Eldorado Real Estate Report covering November 2018 – April 2019. Inventory remains at record lows as we head into the Summer market.  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 April:
13 Active Eldorado Properties
13 Homes Under Contract
14 Sold
 
– $207 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 year we will see a few homes break the $300 per foot barrier.
   
****19 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 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 or sometimes higher, the seller is likely to receive.
   
– 445K was the average listing price last month. The average sales price was 412K.
   
– 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 and in-demand neighborhood for buyers all over the United States and in some cases beyond.
   
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 (Nov. 2018 – Apr. 2019)
Average Price per SQFT (Sold) (Nov. 2018 – Apr. 2019)
Avg Days On Market & Sold/List Price % (Nov. 2018 – Apr. 2019)
Average Price of For Sale and Sold (Nov. 2018 – Apr. 2019)
Months of Inventory Based on Closed Sales (Nov. 2018 – Apr. 2019)

 

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Eldorado Real Estate Report – October 2018 – March 2019

Eldorado Real Estate Report – October 2018 – March 2019

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Eldorado Real Estate Report – Sept. 2018 – Feb. 2019

Eldorado Real Estate Report – Sept. 2018 – Feb. 2019

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Eldorado Real Estate Report – Aug. 2018 – Jan. 2019

Eldorado Real Estate Report – Aug. 2018 – Jan. 2019

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2018 Eldorado Real Estate Review

2018 Eldorado Real Estate Review

2018 was a good year for Eldorado Real Estate. Steady sales volume and fairly low inventory was the theme.
165 properties sold which includes 14 vacant lots. Of the 151 homes sold prices ranged from 183K – 627K. Lot prices were between 30K – 84K.
Compared to 2017, 181 properties sold of which 13 were vacant lots. Home prices ranged from 190K – 599K. Lot prices were between 40K – 100K.
In December:
29 Active Eldorado Properties
15 Homes Under Contract
8 Sold
 
– $230 was the average price per square foot in December, the highest of the year. 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 $162 – $230 this year. Some properties sell for as low as $115 and as high as $294.
****19 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 is typically 30-60 days. **
– 99% is the sales price vs. listing price for December. This is the listing price when the property went under contract, not the original listing price, which may have been higher.This has remained consistent throughout the year. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.
– 468K was the average listing price last month. The average sales price was 424K.
– 3.6 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 sellers market, more than 6 months means a buyers market.
Eldorado remains a popular and in-demand neighborhood for buyers all over the United States and in some cases beyond.
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. 2018 – Dec. 2018)
Average Price per SQFT (Sold) (Jan. 2018 – Dec. 2018)
Avg Days On Market & Sold/List Price % (Jan. 2018 – Dec. 2018)
Average Price of For Sale and Sold (Jan. 2018 – Dec. 2018)
Months of Inventory Based on Closed Sales (Jan. 2018 – Dec. 2018)
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