Here is the Eldorado Real Estate Report for the last six months from September 2024 – February 2025. Today there are 7 properties on the market ranging in price from 469K – 1.3M. Four lots are for sale between 133K – 190K. Fourteen homes are under contract from 495K – 1M.
.
At the moment, our inventory is quite low and buyers are here looking. While current events are unsettling and many things are uncertain, what we do know is that the vast majority of buyers come from other states and Santa Fe feels like a safe place to land.
In February:
10 Active Listings
10 Under Contract
6 Sold
$380 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 $331 – $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. An Eldorado home just went under contract with a square foot price of $538.
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% – 97%.
74 – were the average days on the market in February. Almost double the 38 days in January. This has ranged from 21 – 74. This is the number of days it took for sellers to accept a contract, not to close.
761K – average listing price.
688K – average sold price
1.7 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 (Sep. 2024 – Feb. 2025) |
 |
| Average Price per SQFT (Sold) (Sep. 2024 – Feb. 2025) |
 |
| Avg Days On Market & SP/Orig LP % (Sep. 2024 – Feb. 2025) |
 |
| Average Price of For Sale and Sold (Sep. 2024 – Feb. 2025) |
 |
| Months of Inventory Based on Closed Sales (Sep. 2024 – Feb. 2025) |
 |
