Here is the Eldorado Real Estate Report for the last six months – April – September 2024. There are 23 properties on the market today, eight of which are more than 900K. Five lots are for sale from 130K – 162K. It has been very quiet in Eldorado for the last two weeks or so, which means a busy Fall market is just around the corner.
The Eldorado market remains stable and balanced and inventory continues to slowly increase. Most buyers are obtaining financing and they aren’t letting interest rates get in their way. Getting your property prepared for sale is still critical in winning the real estate game. Get ahead of deferred maintenance, declutter everywhere and deep clean.
In September:
19 Active Listings
10 Under Contract
12 Sold
$331 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 $329 – $370 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 93% – 100% in the last six months.
30 – were the average days on the market in September. This has ranged from 7 – 35 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
770K – average listing price.
721K – average sold price
1.6 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. This has ranged from 0.6 to 2.4 in the last six months.
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.
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