by Lisa Smith | Nov 7, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months, May – October 2024. There are 18 properties on the market today priced between 479K and 1.3M. Eleven properties are under contract ranging from 479K – 1.2M. Five lots are for sale from 130K – 162K. Of those, three require a well which is about 55K these days, and one does have community water available with a water meter now costing 17K.
The Eldorado market remains stable and balanced. Of the 17 transactions I have closed this year, 100% of the buyers obtained financing, which is unusual. Getting your property prepared for sale and pricing it correctly is still critical in winning the real estate game. Get ahead of deferred maintenance, declutter everywhere, wash windows and deep clean.
In October:
19 Active Listings
10 Under Contract
11 Sold
$360 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 $330 – $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.
97% – 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 93% – 100% in the last six months.
21 – were the average days on the market in October. This has ranged from 7 – 35 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
800K – average listing price.
621K – average sold price
1.7 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. This has ranged from 0.6 to 2.4 in the last six months.
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. 2024 – Oct. 2024) |
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| Average Price per SQFT (Sold) (May. 2024 – Oct. 2024) |
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| Avg Days On Market & SP/Orig LP % (May. 2024 – Oct. 2024) |
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| Average Price of For Sale and Sold (May. 2024 – Oct. 2024) |
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| Months of Inventory Based on Closed Sales (May. 2024 – Oct. 2024) |
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by Lisa Smith | Oct 9, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months – April – September 2024. There are 23 properties on the market today, eight of which are more than 900K. Five lots are for sale from 130K – 162K. It has been very quiet in Eldorado for the last two weeks or so, which means a busy Fall market is just around the corner.
The Eldorado market remains stable and balanced and inventory continues to slowly increase. Most buyers are obtaining financing and they aren’t letting interest rates get in their way. Getting your property prepared for sale is still critical in winning the real estate game. Get ahead of deferred maintenance, declutter everywhere and deep clean.
In September:
19 Active Listings
10 Under Contract
12 Sold
$331 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 $329 – $370 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.
96% – 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 93% – 100% in the last six months.
30 – were the average days on the market in September. This has ranged from 7 – 35 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
770K – average listing price.
721K – average sold price
1.6 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. This has ranged from 0.6 to 2.4 in the last six months.
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. 2024 – Sep. 2024) |
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| Average Price per SQFT (Sold) (Apr. 2024 – Sep. 2024) |
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| Avg Days On Market & SP/Orig LP % (Apr. 2024 – Sep. 2024) |
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| Average Price of For Sale and Sold (Apr. 2024 – Sep. 2024) |
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| Months of Inventory Based on Closed Sales (Apr. 2024 – Sep. 2024) |
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by Lisa Smith | Sep 7, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months – March – August 2024. There are 20 properties on the market today ranging in price from 500K – 1.4M. Fifteen Eldorado properties are under contract from 495K – 975K. Six lots are for sale from 130K – 245K with half of these requiring a private well which is running about 50K these days.
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The Eldorado market remains stable and balanced and inventory continues to slowly increase. Most buyers are getting loans and it looks like they have come to the realization interest rates below 5% aren’t returning anytime soon.
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In August:
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18 Active Listings
15 Under Contract
11 Sold
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$343 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 $330 – $370 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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95% – 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 93% – 100% in the last six months.
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30 – were the average days on the market in August. This has ranged from 7 – 55 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
765K – average listing price.
636K – average sold price
1.6 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. This has ranged from 0.6 to 2.4 in the last six months.
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.
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| Number of Homes For Sale vs. Sold vs. Pended (Mar. 2024 – Aug. 2024) |
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| Average Price per SQFT (Sold) (Mar. 2024 – Aug. 2024) |
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| Avg Days On Market & SP/Orig LP % (Mar. 2024 – Aug. 2024) |
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| Average Price of For Sale and Sold (Mar. 2024 – Aug. 2024) |
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| Months of Inventory Based on Closed Sales (Mar. 2024 – Aug. 2024) |
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by Lisa Smith | Aug 8, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months – February – July 2024. There are 15 properties on the market today ranging in price from 515K – 1.4M, 6 of which have had price reductions. Sixteen Eldorado properties are under contract from 545K – 975K. Six lots are for sale from 133K – 245K, one lot is under contract listed at 139K.
The market seems to have returned to a more balanced one in July, but inventory continues to increase. There are buyers out there, most of which are getting loans. Of the 5 I have under contract today, all of the buyers are getting a mortgage, so rates seem to no longer be an issue. Looks like buyers have come to the realization that very low rates will not be coming back any time soon.
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In July:
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17 Active Listings
13 Under Contract
13 Sold
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$329 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 $326 – $370 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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7 – were the average days on the market in July, down from 35 in June. This has ranged from 7 – 55 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
771K – average listing price.
737K – average sold price
1.3 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. This is down from 2.4 months in June, but still a bit on the high side historically for Eldorado.
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 (Feb. 2024 – Jul. 2024) |
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| Average Price per SQFT (Sold) (Feb. 2024 – Jul. 2024) |
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| Avg Days On Market & SP/Orig LP % (Feb. 2024 – Jul. 2024) |
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| Average Price of For Sale and Sold (Feb. 2024 – Jul. 2024) |
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| Months of Inventory Based on Closed Sales (Feb. 2024 – Jul. 2024) |
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by Lisa Smith | Jul 9, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months – January – June 2024. There are 13 properties on the market today ranging in price from 515K – 975K, 7 of which have had price reductions. Thirteen Eldorado properties are under contract. Seven lots are for sale from 133K – 245K.
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The REAL story here is the Months of Inventory in Eldorado. Months of inventory means the length of time it would take to sell all the active listings at the current rate of sales. In June, that number was 2.8 months. It has been 5 YEARS since we had this kind of rate. Does this signal a forthcoming buyer’s market? Some agents think so. I think the market will continue to balance, but sellers will still have the edge, particularly those sellers who have properly prepared their homes for sale and priced the property correctly. The sooner an offer is made, the better chance sellers have of getting full price.
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**The other surprising part of this report is the average amount sellers are getting vs. their listing price. In June is was 92% – down from 100% last month. This is due to a couple of factors – sellers overpricing their properties and accepting contracts at less than the listing price. Pricing is a critical element is the selling process – buyers and agents know what is going on in the market. Determining pricing based on what sellers “need” or “want” usually ends up in a poor overall sales experience for them. **
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Buyers trolling Eldorado for a deal will approach homes which have been on the market the longest. Best way to avoid this is to get it ready and price it right.
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In June:
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17 Active Listings
6 Under Contract
6 Sold
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$353 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 $311 – $370 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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40 – were the average days on the market in June. This is up from 9 in May. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 9 days to 55 days in the last six months.
723K – average listing price.
715K – average sold price
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. 2024 – Jun. 2024) |
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| Average Price per SQFT (Sold) (Jan. 2024 – Jun. 2024) |
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| Avg Days On Market & SP/Orig LP % (Jan. 2024 – Jun. 2024) |
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| Average Price of For Sale and Sold (Jan. 2024 – Jun. 2024) |
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| Months of Inventory Based on Closed Sales (Jan. 2024 – Jun. 2024) |
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by Lisa Smith | Jun 7, 2024 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months – December 2023 – May 2024. There are seven properties on the market today ranging in price from 575K – 1M. 14 Eldorado properties are under contract. Seven lots are for sale from 133K – 245K. Our inventory remains low and buyer interest remains strong – fewer but highly motivated. Remember, there are 2,760 homes out here – not including the surrounding neighborhoods.
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In May:
5 Active Listings
12 Under Contract
8 Sold
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$364 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 $311 – $370 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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9 – were the average days on the market in May. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 9 days to 55 days in the last six months.
100% – 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% – 100% in the last six months. We haven’t seen 100% since August 2023.
722K – average listing price.
676K – average sold price
0.6 Months of Inventory – about 2.5 weeks. 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. Historically, a six-month supply is associated with moderate price appreciation, lower levels keep prices up.
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.
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| Number of Homes For Sale vs. Sold vs. Pended (Dec. 2023 – May. 2024) |
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| Average Price per SQFT (Sold) (Dec. 2023 – May. 2024) |
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| Avg Days On Market & SP/Orig LP % (Dec. 2023 – May. 2024) |
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| Average Price of For Sale and Sold (Dec. 2023 – May. 2024) |
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| Months of Inventory Based on Closed Sales (Dec. 2023 – May. 2024) |
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