Here is the monthly Eldorado Real Estate Report covering the last six months – January – June 2019. Inventory has increased slightly and we hope for additional increases as we head into Fall. Buyers are standing by waiting for the right house to come on the market. Even in this market, it is still important to prepare a home for sale so the inspection process does not result in a termination, significant repair costs or steep price concessions.
In June:
22 Active Eldorado Properties
17 Homes Under Contract
19 Sold
– $219 was the average price per square foot in June. 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. A smaller home sold for $325 per foot.
****35 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 June. 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 97% – 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.
– 484K was the average listing price last month. The average sales price was 462K.
– 1.2 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 sellers market, more than 6 months means a buyers market.
Eldorado remains a popular neighborhood for buyers all over the United States, but now particularly CA, OR and WA.
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 (Jan. 2019 – Jun. 2019)
Average Price per SQFT (Sold) (Jan. 2019 – Jun. 2019)
Avg Days On Market & Sold/List Price % (Jan. 2019 – Jun. 2019)
Average Price of For Sale and Sold (Jan. 2019 – Jun. 2019)
Months of Inventory Based on Closed Sales (Jan. 2019 – Jun. 2019)
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*All reports are published July 2019, based on data available at the end of June 2019. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.