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.
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.
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.
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.
Eldorado Real Estate Report – Dec. 2022 – May 2023
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.
Eldorado Real Estate Report – Nov. 2022 – April 2023
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.
Eldorado Real Estate Report – Oct. 2022 – March 2023
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.
Eldorado Real Estate Report – Sept. 2022 – Feb. 2023
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 Report – August 2022 – January 2023
Here is the Eldorado Real Estate Report for the last six months – August 2022 through January 2023. It is a mixed bag, but overall it looks like the dip is over and Eldorado is back on buyer’s radar.
Based on the number of buyer inquiries I receive – which have certainly increased in the last couple of weeks – Eldorado remains a sought-after neighborhood for buyers from around the U.S. Sellers who properly prepare their properties for sale and price it correctly, will still likely realize a fairly quick sale at a sales price at or close to the listing price.
Eldorado Real Estate Report – 2022
Eldorado Real Estate Report 2022
Well, that was a wild and unpredictable year. While the pundits continue to try and figure out what will happen in 2023, no one really knows. What is clear from this year-end analysis is that Eldorado did pretty well considering the market balancing for the last seven months of the year.
Our inventory began to increase in June and sales were steady, then the pending sales decreased in November and December.
Price per square foot is back to where it was in January 2022 at $308, down from the high of $376 in April.
Where one can really tell the results of the current market is in the percentage of sales price sellers received vs the listing price. In August, it fell below 100% for the first time since December 2020. In December of 2022 sellers realized an average of 92% of their original listing price which has not been this low since January 2018.
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.
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