Here is the Eldorado Real Estate Report for the last six months from December 2024 – May 2025. Today there are 17 properties on the market ranging in price from 464K – 1M. Nineteen properties are under contract from 420K – 1.1M. Two lots are for sale – 133K and 152K. INVENTORY IS AT A 4-YEAR HIGH.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.
In May:
22 Active Listings – THIS IS THE HIGHEST ELDORADO INVENTORY SINCE FALL 2021.
16 Under Contract
15 Sold
$363 was the average price per square foot last month. This number depends on such a wide range of factors – the size of the house, age, quality of the finishes, views, heating, construction, etc.. and is not a fully accurate measure of value, just one tool of many. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This has ranged from $325 – $380 in the last six months. Keep in mind this is the average – some homes have a much lower price per square foot and some have a much higher number.
96% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 92% – 99%.
32 – were the average days on the market in May. This has ranged from 32 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
720K – average listing price.
715K – average sold price.
1. 5 months of inventory. This means the length of time it would take to sell all the homes on the market at the current rate of sales.
If you would like to discuss the current state of the Eldorado market or have questions about this wonderful neighborhood, please don’t hesitate to contact me.
| Number of Homes For Sale vs. Sold vs. Pended (Dec. 2024 – May. 2025) |
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| Average Price per SQFT (Sold) (Dec. 2024 – May. 2025) |
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| Avg Days On Market & SP/Orig LP % (Dec. 2024 – May. 2025) |
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| Average Price of For Sale and Sold (Dec. 2024 – May. 2025) |
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| Months of Inventory Based on Closed Sales (Dec. 2024 – May. 2025) |
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