Here is the Eldorado Real Estate Report for the last six months from November 2024 – April 2025. Today there are 15 properties on the market ranging in price from 464K – 1M. Eighteen properties are under contract from 495K – 1.2M. Two lots are for sale and two are under contract.
**Contract terminations are running unusually high with buyers walking away from their transactions due almost exclusively to inspection issues. I cannot stress enough how critical listing preparation is to a successful outcome. I rarely have terminations and have had four thus far this year – all due to inspection issues. This is happening in all areas of Santa Fe City and County and in all price ranges. ** Sotheby’s has had nearly 100 terminations in the last 30 days with $131,000,000 closed.
In April:
11 Active Listings
16 Under Contract
10 Sold
$350 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 $325 – $380 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.
96% – 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 92% – 99%.
38 – were the average days on the market in April. This has ranged from 38 – 74 in the last six months. This is the number of days it took for sellers to accept a contract, not to close.
763K – average listing price.
736K – average sold price.
1.1 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 (Nov. 2024 – Apr. 2025) |
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| Average Price per SQFT (Sold) (Nov. 2024 – Apr. 2025) |
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| Avg Days On Market & SP/Orig LP % (Nov. 2024 – Apr. 2025) |
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| Average Price of For Sale and Sold (Nov. 2024 – Apr. 2025) |
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| Months of Inventory Based on Closed Sales (Nov. 2024 – Apr. 2025) |
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