Eldorado Real Estate Report – May – October 2016

Here is the monthly Eldorado Real Estate Report covering the last six months from May to October 2016. Inventory remains low. If you are considering listing your property, now would be an ideal time.

In October:

44 Active Eldorado Properties 

14 Homes Under Contract

15 Sold

– $181 was the average price per square foot in October. Remember this number depends on a wide range of factors –  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 average has ranged from $178 – $190 in the last six months. Some properties are as low as $125 and as high as $250.

113 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 October. 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 97% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.

– 395K was the average listing price last month. The average sales price was 361K.

– 2.9 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 the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.