Below is the Eldorado Real Estate Report for December 2022 – May 2023. And it looks very much like we are back in Seller’s Market. In the last 60 days, five Eldorado homes closed for over the asking price and had multiple offers. Two more are currently under contract for over the asking price. Of the 18 properties sold in the last 60 days, 11 were all cash and seven were conventional lending.
Today there are four active property listings ranging in price from $599,000 – $850,000 and 11 under contract. There are still buyers from around the U.S. who want to live here, and our inventory remains very low. Pricing is still important as it properly preparing your property for sale.
In May:
4 Active Listings
10 Under Contract
5 Sold

$316 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 $308 – $355 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.

5 – were the average days on the market in May. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 5 – 77 otherwise. 

97% – is the average of what sellers received on their listing price last month up from 93% in April. This is based on the original price of the property, not the reduced price. This has ranged from 92% – 98% in the last six months.

726K – average listing price

663K – average sold price

0.8 Months of Inventory – JUST OVER TWO WEEKS – 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. Historically, a six-month supply is associated with moderate price appreciation, lower levels push up prices more rapidly. 

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. 

***Sotheby’s is proud to be the Eldorado Market Leader for 2020 – 2022***


Number of Homes For Sale vs. Sold vs. Pended (Dec. 2022 – May. 2023)


Average Price per SQFT (Sold) (Dec. 2022 – May. 2023)


Avg Days On Market & SP/Orig LP % (Dec. 2022 – May. 2023)


Average Price of For Sale and Sold (Dec. 2022 – May. 2023)


Months of Inventory Based on Closed Sales (Dec. 2022 – May. 2023)