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Here is the Eldorado Real Estate Report covering the last six months from October 2015 to March 2016. Inventory remains low. Now is an excellent time for sellers to put their properties on the market. California buyers are still active and renters have been purchasing in Eldorado.
In March:
31 Active Eldorado Properties 
16 Homes Under Contract
 
4 Sold
– $157 was the average price per square foot in March. Remember it depends on 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. This has ranged from $157 – $209 in the last six months.

160 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days.

– 98% is the sales price vs. listing price for March. 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 96% – 99% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller likely receives.

– 412K was the average listing price in March. The average sales price was 338K.

– 7.8 months 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. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood.
If you would like to discuss current Eldorado market conditions, please feel free to contact me via phone or email.
Published April 2016*

Prepared for you by: Lisa Smith

Number of Homes For Sale vs. Sold vs. Pended (Oct. 2015 – Mar. 2016)
Average Price per SQFT (Sold) (Oct. 2015 – Mar. 2016)
Avg Days On Market & Sold/List Price % (Oct. 2015 – Mar. 2016)
Average Price of For Sale and Sold (Oct. 2015 – Mar. 2016)
Months of Inventory Based on Closed Sales (Oct. 2015 – Mar. 2016)
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