The Eldorado real estate market continues to accelerate. Days on the market are decreasing and prices continue to increase. All driven by the low inventory. This is not a traditional bubble, it will only slow down when more inventory becomes available.
Here is the Eldorado Real Estate Report report for the last six months – December 2020 – May 2021.
RECORD BROKEN – the percentage sellers receive based on their sales price – 106%. This is the average, so half sold for more, and half sold for less.
In April:
4 Active Listings
20 Under Contract
17 Sold
****$262 was the average price per square foot last month. This has ranged between $241 and $285 over the last six months. 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.
9 – were the average days on the market in May. These are the number of days it took for sellers to accept a contract. Most sellers are now giving buyers 3-5 days to get their offers submitted then the seller reviews with their agent. The seller can choose one or give all parties one more chance to do their highest and best offers.
106% – is what sellers received on their listing price last month. This has been over 100% for the last six months. This is the price in which the home was listed when it sold, not necessarily the original listing price. This has ranged from 101% – 106% over the last 6 months.
$592K average listing price
$585K average sales price
0.2 months of inventory – THIS IS ABOUT 6 DAYS. Months of inventory 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.
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 (Dec. 2020 – May. 2021) |
| Average Price per SQFT (Sold) (Dec. 2020 – May. 2021) |
| Avg Days On Market & Sold/List Price % (Dec. 2020 – May. 2021) |
| Average Price of For Sale and Sold (Dec. 2020 – May. 2021) |
| Months of Inventory Based on Closed Sales (Dec. 2020 – May. 2021) |
