Here is the monthly Eldorado Real Estate Report, covering the last six months from August 2014 through January 2015.
– 50 active listings in January, 9 went under contract and 4 sold. Inventory is low at the moment, so if you are thinking of listing in the Spring or Summer,consider listing now when there is less competition.

– $173 was the average price per square foot in last month. Remember it depends on the size and age of the property and the quality of the finishes. The larger the house, the lower the price per square foot. This has ranged from $149 – $173 over the last six months.

– 88 was the average days on the market in January. That number has decreased significantly, but what that means is that the 4 homes that sold in January were not on the market very long. This number includes the days in escrow (from contract to closing.)

– 96% is the sales price vs. listing price last month.This has ranged from 96% – 98% for the last six months. This largely depends on sellers pricing their properties near where the home will sell. This is the listing price when the home sold, not the original listing price.

– 361K was the average listing price in January.

 – 324K was the average sales price.

– 12.5 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. This has increased due to fewer of homes sold in December and January. This number will decrease as we move in to the Spring.

If you would like more information, please email or give me a call.

TrendVision TM

Published February 2015*

Location:   Eldorado (area 14)
Prepared for you by: Lisa Smith, 505-570-5770
Number of Homes For Sale vs. Sold vs. Pended (Aug. 2014 – Jan. 2015)

Average Price per SQFT (Aug. 2014 – Jan. 2015)

Avg Days On Market & Sold/List Price % (Aug. 2014 – Jan. 2015)

Average Price of For Sale and Sold (Aug. 2014 – Jan. 2015)

Months of Inventory Based on Closed Sales (Aug. 2014 – Jan. 2015)