Eldorado Real Estate Report – January – June 2024

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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Eldorado Real Estate Report – Dec. 2023 – May 2024

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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Eldorado Real Estate Report – Nov. 2023 – April 2024

Here is the Eldorado Real Estate Report for the last six months – November 2023 – April 2024. There are nine proprieties on the market today ranging in price from 450K – 1M. Seven lots are for sale from 133K – 245K. Our inventory remains low and buyer interest remains strong – fewer but highly motivated. My last four Eldorado listings closed for over the asking price. Great news for sellers!

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Eldorado Real Estate Report – Sept. 2023 – Feb. 2024

Here is the Eldorado Real Estate Report for the last six months – September 2023 – February 2024. There are six properties on the market today ranging in price from 614K – $1,250,000. There are 2,760 homes in Eldorado – so this is very low inventory. This market remains challenging for buyers as do the interest rates. As we come into Spring, we are hoping to see an increase in listings.

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Eldorado Real Estate Report – August 2023 – January 2024

Here is the Eldorado Real Estate Report for the last six months – August 2023 – January 2024. Activity cooled a bit in January as you will see below. Today there are six active listings in Eldorado ranging in price from $497,000 to $1,250,000. Once interest rates begin to decrease, sellers will be more confortable letting their low interest rates go and put their homes on the market.

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Eldorado Real Estate – 2023 Year-End Summary

Here is the year-end round up of the Eldorado real estate activity for 2023. There were 117 properties sold last year ranging is sales price from 422K to 1.3M. Nine Eldorado homes sold for more than 1M and 15 properties sold for between 400K – 500K. No listings came on the market under 400K. Nine lots sold last year ranging from 105K – 245K – the one for 245K is the one on the corner of Monte Alto and Vista Grande which is nearly 5 acres, zoned for both commercial and residential and has the potential for a lot split.

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Eldorado Real Estate Report – June – November 2023

Here is the Eldorado Real Estate Report for the last six months – June – November 2023. This month we are going to take a little trip back to 2019. Though interest rates are beginning to tick down, the pool of buyers has decreased. I did recently receive a written request for seller financing because buyers did not want to obtain a loan. This seller said no.

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Eldorado Real Estate Report – March – August 2023

Here is the Eldorado Real Estate Report for the last six months – March – August 2023. We are starting to see a return to 2022 now. Inventory continues to increase, as are the number of Eldorado properties going under contract. If interest rates begin to drop in 2024, which is what we are hearing, it will be 2021 all over again. There is much pent up buyer demand and they will go into overdrive should that occur. Buyers are smart to buy now and re-finance later rather than get into agressive bidding wars next year. 

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Eldorado Real Estate Report – Feb. – July 2023

Below is the Eldorado Real Estate Report for February – July 2023. Inventory has increased to 14 actives today ranging in price from $475,000 to $1,250,000. That is 14X more listings than we had at the beginning of the year. Ten properties are currently under contract. There has been an unusually high number of contract terminations in the last 30 days or so mostly due to inspection issues and a few for financing. Buyers are expecting well-maintained homes and are requesting all or most items on the inspection reports be repaired, a credit for the repairs issued at closing or a price reduction.

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Eldorado Real Estate Report – January – June 2023

Below is the Eldorado Real Estate Report for January – June 2023. Inventory remains low with nine properties on the market today – Eldorado has 2,760 homes. However nine actives is more than we have seen in some time. Twelve homes are currently under contract. Our market is busy with well-priced and properly prepared homes receiving multiple offers. More than half the buyers are buying with cash.

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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)
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