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Here is the Eldorado Real Estate Report for the last six months covering April – September 2019. Inventory is up slightly, with 19 on the market as of today. There are 9 lots for sale between 75K – 299K and 19 homes on the market between 322K – 599K.

In September:

 

16 Active Eldorado Properties

14 Homes Under Contract

10 Sold

 

– $215 was the average price per square foot in September. Remember 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.

 

****31 were the average days on the market last month.  **Days on the market are stopped the day a seller accepts an offer and do not include the escrow period which can be 30-60 days. **

 

– 99% is the sales price vs. listing price for September. 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 99% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price or sometimes higher, the seller is likely to receive.

 

– 471K was the average listing price last month. The average sales price was 456K.

 

– 1.6 month 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. Six months indicates a balanced market between buyers and sellers. Less than 6 months means a seller’s market, more than 6 months means a buyer’s market.

 

Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA. A few Oklahoma and Texas too.

 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.

 

Number of Homes For Sale vs. Sold vs. Pended (Apr. 2019 – Sep. 2019)

 

Average Price per SQFT (Sold) (Apr. 2019 – Sep. 2019)

 

Avg Days On Market & Sold/List Price % (Apr. 2019 – Sep. 2019)

 

Average Price of For Sale and Sold (Apr. 2019 – Sep. 2019)

 

Months of Inventory Based on Closed Sales (Apr. 2019 – Sep. 2019)

 

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