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.
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.
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.
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.
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.
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.
Below is the Eldorado Real Estate Report for December 2022 – May 2023. And it looks very much like we are back in Seller’s Market. In the last 60 days, five Eldorado homes closed for over the asking price and had multiple offers. Two more are currently under contract for over the asking price. Of the 18 properties sold in the last 60 days, 11 were all cash and seven were conventional lending.
Here is the Eldorado Real Estate Report for the last six months – November 2022 through April 2023. Inventory remains low and buyer interest remains strong as we head into Summer. Today there are four active property listings ranging in price from $550,000 – $899,000. Multiple offers are beginning again, but nowhere near the frenzy of 2021 and 2022.
Here is the Eldorado Real Estate Report for the last six months – October 2022 through March 2023. Inventory remains low and buyer interest remains strong as we head into Spring and Summer. Today there are six active property listings ranging in price from $495,000 – $985,000. A couple of spec homes will break Eldorado sales records this month.
Here is the Eldorado Real Estate Report for the last six months – September 2022 through February 2023. Inventory remains low and buyer interest remains strong as we head into Spring. Today there are eight active property listings ranging in price from $515,000 – $1,370,000. Two land listings, one for $149,000 and the other $289,000.
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!
-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.