Here is the Eldorado Real Estate Report for the last six months – September 2023 – February 2024. There are six properties on the market today ranging in price from 614K – $1,250,000. There are 2,760 homes in Eldorado – so this is very low inventory. This market remains challenging for buyers as do the interest rates. As we come into Spring, we are hoping to see an increase in listings.
In February:
5 Active Listings
7 Under Contract
8 Sold
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$324 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 $311 – $352 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.
54 – were the average days on the market in February. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from17 days to 54 days in the last six months.
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 96% – 99% in the last six months.
952K – average listing price. This number is unusually high due to two Eldorado properties listed at over 1.2M and another listed at 995K, with only six on the market.
672K – average sold price
0.6 Months of Inventory – about three weeks. 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. Historically, a six-month supply is associated with moderate price appreciation, lower levels keep prices up.
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.
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| Number of Homes For Sale vs. Sold vs. Pended (Sep. 2023 – Feb. 2024) |
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| Average Price per SQFT (Sold) (Sep. 2023 – Feb. 2024) |
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| Avg Days On Market & SP/Orig LP % (Sep. 2023 – Feb. 2024) |
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| Average Price of For Sale and Sold (Sep. 2023 – Feb. 2024) |
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| Months of Inventory Based on Closed Sales (Sep. 2023 – Feb. 2024) |
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