Market Update

Eldorado Area Market Update: December 1, 2009

During January – November 2009, 92 homes sold in Eldorado with a median selling price of $348,500 vs. 93 homes sold during the same period 2008 with a median selling price of $362,000.

During January – November 2009, 29 homes sold in the Hwy. 285 area with a median selling price of $480,000 vs. 31 homes sold during the same period 2008 with a median selling price of $539,000.

The decrease in median selling prices from 2008 to 2009 reflects currently stronger demand for more affordable homes.

As of December 1st, there were 8 fewer active homes and 7 fewer under contract homes than there were as of November 1st.

Check this site at the beginning of each month for the most up-to-date information on asking and selling prices in the Eldorado/285 area.

Eldorado Area Homes Sold, January 1 – November 30, 2009
Eldorado Hwy 285 Area
Number by Price Range
$200,000 – 299,999 22 2
$300,000 – 399,999 39 8
$400,000 – 499,999 21 6
$500,000 – 599,999 9 7
$600,000 – 699,999 1 3
$700,000 – 799,999 0 2
$800,000 – 899,999 0 1
$900,000 – 999,999 0 0
$1,000,000 + 0 0
Total Number Sold 92 29
Median Days on Market 117 137
Median Selling Price $348,500 $480,000
2008 Median Selling Price (Full Year) $363,000 (Full Year) $536,000
Eldorado Area Active and Under Contract Homes, December 1, 2009
Active/Under Contract Active/Under Contract
Number by Price Range
$200,000 – 299,999 12/4 0/0
$300,000 – 399,999 22/3 12/4
$400,000 – 499,999 26/2 11/0
$500,000 – 599,999 9/1 10/0
$600,000 – 699,999 6/0 17/0
$700,000 – 799,999 0/0 7/1
$800,000 – 899,999 0/0 4/0
$900,000 – 999,999 0/0 3/0
$1,000,000 + 0/0 6/0
Total Number 75/10 70/5
NOTE: This representation is based in whole or in part on data supplied by the
Santa Fe Association of REALTORS or its Multiple Listing Service for the periods
indicated above. Neither the Association nor its M.L.S. guarantees or is in any
way responsible for its accuracy. Data maintained by the Association or its
M.L.S. may not reflect all real estate activity in the market.
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