Here is the Eldorado Real Estate Report for the last six months from May – October 2025. Today there are 19 properties on the market ranging in price from 450K – 1.3M. Six properties are under contract from 475K – 560M. Two lots are for sale for between 140K – 147K.
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In the last week or so, showings have increased and buyers are feeling a little more comfortable moving forward with offers. I think the recent election has made people more hopeful about the future. However, the market continues to turn in the buyer’s favor and they are watching price adjustments VERY closely. There has been some discussion whether to do a large reduction or a series of smaller reductions to keep the house in the buyer email notifications. Both have their pros and cons – it really depends on the property and the seller.
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**Contract terminations are STILL running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. Not just in Eldorado – all over Santa Fe County and in all price ranges. I cannot stress enough how critical listing preparation is to a successful outcome.**
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In October:
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19 Active
8 Under Contract
14 Sold
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$357 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 $320 – $383 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.
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94% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 94% – 99% in the last six months.
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43 – were the average days on the market in October. This has ranged from 8 – 43 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
782K – average listing price
712K – average sold price
1.4 months of inventory. This means the length of time it would take to sell all the homes on the market at the current rate of sales.
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 (May. 2025 – Oct. 2025) |
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| Average Price per SQFT (Sold) (May. 2025 – Oct. 2025) |
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| Avg Days On Market & SP/Orig LP % (May. 2025 – Oct. 2025) |
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| Average Price of For Sale and Sold (May. 2025 – Oct. 2025) |
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| Months of Inventory Based on Closed Sales (May. 2025 – Oct. 2025) |
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