Happy Holidays!
Here is the Eldorado Real Estate Report covering the last six months – June – November. Inventory remains extremely low and demand is still high. I went back two years on the MLS history to see just how low our available inventory is and what I discovered was astonishing.
In November 2019:
23 active listings – today there are 4.  **AN 82% DECREASE IN AVAILABLE HOMES FOR SALE** 
Pendings are up by 37%
Solds are up 71%
I researched the Santa Fe County numbers for single-family homes too:
527 homes for sale in November 2019
186 homes for sale in November 2021
That is nearly a 65% drop in available homes for sale
Solds are up by 16%, which is extraordinary considering the lack of properties to sell
Some properties go under contract before coming on the market. In this case, buyers must make it worth the seller’s while for not putting the home on the MLS – in other words – with desirable price and terms. Also, if buyers are obtaining financing, they will likely have to waive the appraisal contingency – meaning should the home appraise for less than the sales price, buyers agree to make up the difference in cash.
***If you are considering selling your Eldorado area home, and there is a property in place in which to move, NOW is the time to list. ***

In November:

4 Active Listings

11 Under Contract

12 Sold

****$271 was the average price per square foot last month.  This has ranged between $268 and $301 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.

19 – were the average days on the market in November. This is the number of days it took for sellers to accept a contract, not to close.

102% – is the average of what sellers received on their listing price last month. This has been over 100% since November 2020. This is the price in which the home was listed when it sold, not necessarily the original listing price. This has ranged from 101% – 105% over the last 6 months. ***Some properties sell for as high as 20% over the asking price, while others sell below the listing price primarily due to inspection issues and condition.***

$763K average listing price – there is one for 1M+ on the market which is why this number is unusually high

$566K average sales price

– 0.3 months of inventory – NINE 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 wonderful neighborhood, please don’t hesitate to contact me.

Number of Homes For Sale vs. Sold vs. Pended (Jun. 2021 – Nov. 2021)


Average Price per SQFT (Sold) (Jun. 2021 – Nov. 2021)


Avg Days On Market & Sold/List Price % (Jun. 2021 – Nov. 2021)


Average Price of For Sale and Sold (Jun. 2021 – Nov. 2021)


Months of Inventory Based on Closed Sales (Jun. 2021 – Nov. 2021)