Happy New Year!
Here is the 2019 year-end round up of Eldorado Real Estate activity. Whew!
Inventory was low all year. At any given time there were between 13 and 23 homes on the market – that is out of the 2,760 homes in our neighborhood. Lack of inventory is the reason for the increase in home prices.
145 homes sold in 2019
12 lots sold for between 35K -100K
$211 was the average price per square foot – so much goes into this number that is not a hard and fast rule. This number depends on a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot.
Properties typically stay on the market about 30 days, the homes properly prepared for sale and priced right sell much more quickly.
98%-100% is what Eldorado sellers typically receive on their listing price.
|Number of Homes For Sale vs. Sold vs. Pended (Jan. 2019 – Dec. 2019)|
|Average Price per SQFT (Sold) (Jan. 2019 – Dec. 2019)|
|Avg Days On Market & Sold/List Price % (Jan. 2019 – Dec. 2019)|
|Average Price of For Sale and Sold (Jan. 2019 – Dec. 2019)|
|Months of Inventory Based on Closed Sales (Jan. 2019 – Dec. 2019)|