Eldorado Real Estate Market Report 2014

Having lived in Eldorado for 15 years, I know the market well and have listed property and worked with relocating buyers  for 10 years.  I will be updating the Eldorado Real Estate Market Report monthly with statistics new listings, sales, sales vs. list prices, days on the market, average sales prices and months of inventory. If you would like to subscribe to this report, you may do so on the right hand side of the homepage.

Please let me know if you have any questions or need any additional information.  You will  love living here!

Here is the 2014 Eldorado Real Estate Report. The graphs below illustrate the increase in sales activity for the year.

148 Eldorado homes sold in 2014. In 2013, 129 homes sold and 125 sold in 2012.

 – 50 active listings in December, 13 sold. With the exception of last January, sales activity was steady for the remaining 11 months.

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

-140 were the average days on the market last month.

 

– 96% 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 ranged from 94% – 99% for the last 3 years.

 

– 355K was the average listing price in December. The average sales price was 306K.

 

– 3.8 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. Eight months indicates a healthy real estate market, so Eldorado still remains a very popular neighborhood.

TrendVision TM Published January 2015* Location:   Eldorado (area 14) Prepared for you by: Lisa Smith, 505-570-5770 Number of Homes For Sale vs. Sold (Jan. 2014 – Dec. 2014)   Average Price per SQFT (Jan. 2014 – Dec. 2014)   Avg Days On Market & Sold/List Price % (Jan. 2014 – Dec. 2014)   Average Price of For Sale and Sold (Jan. 2014 – Dec. 2014)   Months of Inventory Based on Closed Sales (Jan. 2014 – Dec. 2014)