by Lisa Smith | Nov 7, 2025 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months from May – October 2025. Today there are 19 properties on the market ranging in price from 450K – 1.3M. Six properties are under contract from 475K – 560M. Two lots are for sale for between 140K – 147K.
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In the last week or so, showings have increased and buyers are feeling a little more comfortable moving forward with offers. I think the recent election has made people more hopeful about the future. However, the market continues to turn in the buyer’s favor and they are watching price adjustments VERY closely. There has been some discussion whether to do a large reduction or a series of smaller reductions to keep the house in the buyer email notifications. Both have their pros and cons – it really depends on the property and the seller.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County and in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.**
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In October:
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19 Active
8 Under Contract
14 Sold
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$357 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 $320 – $383 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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94% – 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% – 99% in the last six months.
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43 – were the average days on the market in October. This has ranged from 8 – 43 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
782K – average listing price
712K – average sold price
1.4 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.
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. 2025 – Oct. 2025) |
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| Average Price per SQFT (Sold) (May. 2025 – Oct. 2025) |
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| Avg Days On Market & SP/Orig LP % (May. 2025 – Oct. 2025) |
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| Average Price of For Sale and Sold (May. 2025 – Oct. 2025) |
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| Months of Inventory Based on Closed Sales (May. 2025 – Oct. 2025) |
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by Lisa Smith | Sep 8, 2025 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months from March – August 2025. Today there are 22 properties on the market ranging in price from 450K – 1.2M. Nine properties are under contract from 549K – 799M. Three lots are for sale for between133K – 148K. All three of these lots require a well and an electric transformer. Two of these lots have been on the market more than of 400 days.
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Of the 22 active properties in Eldorado, 13 have had one or more price reductions. Pricing a property correctly the first time gives sellers a much greater chance of selling more quickly and closer to the asking price.
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The market continues to turn in the buyer’s favor not quite a buyer’s market but inching closer. Today’s buyers feel if they are paying Covid-era prices, the property needs to be in excellent condition.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County and in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.**
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In August:
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18 Active
11 Under Contract
16 Sold
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$359 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 $320 – $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.
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98% – 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% – 99% in the last six months.
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25 – were the average days on the market in August. This has ranged from 8 – 40 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
733K – average listing price
670K – average sold price
1. 1 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.
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 (Mar. 2025 – Aug. 2025) |
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| Average Price per SQFT (Sold) (Mar. 2025 – Aug. 2025) |
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| Avg Days On Market & SP/Orig LP % (Mar. 2025 – Aug. 2025) |
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| Average Price of For Sale and Sold (Mar. 2025 – Aug. 2025) |
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| Months of Inventory Based on Closed Sales (Mar. 2025 – Aug. 2025) |
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by Lisa Smith | Aug 8, 2025 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months from February – July 2025. Today there are 21 properties on the market ranging in price from 450K – 950K. Sixteen properties are under contract from 460K – 925M. One lot is for sale for133K.
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The market has changed and continues to do so in the buyer’s favor. The number of buyers looking in Santa Fe has decreased for now and they don’t appear to be in a hurry to purchase. While interest rates dropped a bit in the last week, it may not be enough to spur the activity we are used to.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County and in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.**
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In July:
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22 Active Listings – THIRD MONTH IN A ROW. While this is high for Eldorado, there are 2,270 homes out here, so it is still a small percentage of the homes. This is the highest inventory since Fall of 2019.
15 Under Contract
13 Sold
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$320 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 $320 – $380 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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94% – is the average of what sellers received on their listing price. This is the lowest percentage so far for 2025. This is based on the original price of the property, not the reduced price. This has ranged from 94% – 99%.
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32 – were the average days on the market in July. This has ranged from 8 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
743K – average listing price
721K – 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.
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. 2025 – Jul. 2025) |
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| Average Price per SQFT (Sold) (Feb. 2025 – Jul. 2025) |
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| Avg Days On Market & SP/Orig LP % (Feb. 2025 – Jul. 2025) |
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| Average Price of For Sale and Sold (Feb. 2025 – Jul. 2025) |
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| Months of Inventory Based on Closed Sales (Feb. 2025 – Jul. 2025) |
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by Lisa Smith | Jul 10, 2025 | Eldorado Real Estate Market Report
Let’s start with this..
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Santa Fe Named #1 U.S. City by Travel + Leisure! For the first time in history, Santa Fe has been ranked the #1 City in the U.S. in the 2025 Travel + Leisure World’s Best Awards! Even better, Santa Fe is the only U.S. city to appear on the global list of winners, ranking #19 in the world. Link to story below.
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Now we can get to the Eldorado Real Estate Report for the last six months from January – June 2025. Today there are 27 properties on the market ranging in price from 454K – 995K. Eighteen properties are under contract from 460K – 875M. Two lots are for sale – 133K and 152K.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.
In June:
22 Active Listings – THIS IS THE HIGHEST ELDORADO INVENTORY SINCE FALL 2021 – TIED WITH MAY.
13 Under Contract
13 Sold
$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 $325 – $380 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.
99% – 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 96% – 99%.
8 – were the average days on the market in June. This has ranged from 8 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
708K – average listing price.
679K – 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.
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. 2025 – Jun. 2025) |
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| Average Price per SQFT (Sold) (Jan. 2025 – Jun. 2025) |
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| Avg Days On Market & SP/Orig LP % (Jan. 2025 – Jun. 2025) |
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| Average Price of For Sale and Sold (Jan. 2025 – Jun. 2025) |
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| Months of Inventory Based on Closed Sales (Jan. 2025 – Jun. 2025) |
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by Lisa Smith | Jun 7, 2025 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months from December 2024 – May 2025. Today there are 17 properties on the market ranging in price from 464K – 1M. Nineteen properties are under contract from 420K – 1.1M. Two lots are for sale – 133K and 152K. INVENTORY IS AT A 4-YEAR HIGH.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.
In May:
22 Active Listings – THIS IS THE HIGHEST ELDORADO INVENTORY SINCE FALL 2021.
16 Under Contract
15 Sold
$363 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 $325 – $380 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 92% – 99%.
32 – were the average days on the market in May. This has ranged from 32 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
720K – average listing price.
715K – average sold price.
1. 5 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.
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 (Dec. 2024 – May. 2025) |
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| Average Price per SQFT (Sold) (Dec. 2024 – May. 2025) |
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| Avg Days On Market & SP/Orig LP % (Dec. 2024 – May. 2025) |
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| Average Price of For Sale and Sold (Dec. 2024 – May. 2025) |
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| Months of Inventory Based on Closed Sales (Dec. 2024 – May. 2025) |
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by Lisa Smith | May 7, 2025 | Eldorado Real Estate Market Report
Here is the Eldorado Real Estate Report for the last six months from November 2024 – April 2025. Today there are 15 properties on the market ranging in price from 464K – 1M. Eighteen properties are under contract from 495K – 1.2M. Two lots are for sale and two are under contract.
**Contract terminations are running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. I cannot stress enough how critical listing preparation is to a successful outcome. I rarely have terminations and have had four thus far this year – all due to inspection issues. This is happening in all areas of Santa Fe City and County and in all price ranges. ** Sotheby’s has had nearly 100 terminations in the last 30 days with $131,000,000 closed.
In April:
11 Active Listings
16 Under Contract
10 Sold
$350 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 $325 – $380 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 92% – 99%.
38 – were the average days on the market in April. This has ranged from 38 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
763K – average listing price.
736K – average sold price.
1.1 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.
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 (Nov. 2024 – Apr. 2025) |
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| Average Price per SQFT (Sold) (Nov. 2024 – Apr. 2025) |
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| Avg Days On Market & SP/Orig LP % (Nov. 2024 – Apr. 2025) |
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| Average Price of For Sale and Sold (Nov. 2024 – Apr. 2025) |
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| Months of Inventory Based on Closed Sales (Nov. 2024 – Apr. 2025) |
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