As we head into the Fall, the days on the market are increasing and the percentage of sales price vs. sold price sellers are receiving is decreasing. This is not a free fall, but a balancing of the market as it turns more favorable toward the buyers.
Buyers still love and want to be in Eldorado – there are just fewer of them and they remain hesitant. Homes priced correctly and properly prepared for sale are selling, but are on the market longer with fewer showings. 
In August:

9 Active Listings

17 Under Contract

11 Sold

$328 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.

37 – were the average days on the market in August. This is the highest since June 2020 when the Covid market began to take off. This number will begin to increase as properties close that went under contract in the last 30-60 days. This is the number of days it took for sellers to accept a contract, not to close. 

95% – is the average of what sellers received on their listing price last month. This number has begun to decrease as the sold data from the last 30-60 days is recorded in the MLS. This is of the original listing price, not the reduced price if there was one. This has ranged from 95% – 107% in the last six months.

$760K average listing price

$615K average sales price 

0.8 months of inventory – This has decreased slightly over last month. 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 (Mar. 2022 – Aug. 2022)


Average Price per SQFT (Sold) (Mar. 2022 – Aug. 2022)


Avg Days On Market & SP/Orig LP % (Mar. 2022 – Aug. 2022)


Average Price of For Sale and Sold (Mar. 2022 – Aug. 2022)


Months of Inventory Based on Closed Sales (Mar. 2022 – Aug. 2022)