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2015 Year End Sales Stats Show Modest Gains

Tuesday, January 26th, 2016

This chart shows healthy growth in the number of units sold for single family homes in Santa Fe for 2015 as well as the average price per square foot by price range for the same period.
2015 Units & Price 2003-2015

Santa Fe Average & Median Sold Prices by MLS Area – May 2015

Thursday, September 24th, 2015

AvgMed Sold prices by Area-May 2015

Santa Fe MLS Area Map

Thursday, September 24th, 2015

MLS Map

New Listing – House and Guest Casita

Thursday, June 4th, 2015

2015 Second Quarter Statistics

Monday, May 4th, 2015

The second quarter of 2015 demonstrates the continuing stabilization trend we’ve seen for the past two years in the Santa Fe market for single-family homes. The charts below show the number of units sold by price range and the average sales price per square foot by price range.

Sales Stats EOY 2015 2nd Qtr Sgl Fam Revised

Average Sales 2002-2014 (YTD), Units Sold and Price per Square Foot

Tuesday, November 11th, 2014

2014 continues the stabilization trend we saw in 2013 for  home sales and mid-range prices. The charts below show the number of units sold by price range and the average sales price per square foot by price range.

Charts-for-Newsletter-as-of-7-31-2014

93rd Annual Santa Fe Indian Market and 1st Annual Indigenous Fine Art Market

Wednesday, August 20th, 2014

This week and weekend, you can go to two markets in Santa Fe featuring the best of Native art and craft.  The 93rd Annual Santa Fe Indian Market and the 1st Annual Indigenous Fine Art Market are both taking place, one on and around the Plaza, the other at the Railyard.

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Both markets include several days of events devoted to Native art and culture.  Film, fashion, literature, dance and music are all part of the celebrations.  Check out the websites above to learn more about the many great events on offer.  And of course, they’re not museums, they’re markets.  The artists appreciate your purchases to support their continued work.

In Santa Fe, not one but two markets to enjoy!

Area 24 – Las Campanas Sales Stats as of October 31, 2014

Sunday, August 10th, 2014
Area 24 – Las Campanas – Located in Santa Fe County northwest of the city of Santa Fe.
Sales in Las Campanas have risen dramatically. There are currently 80 single family homes listed for sale in the subdivision. The average sales price is $268 per square foot.
 
Oct 31, 2014 Las Campanas

Your Local Source for New Mexico Real Estate

Friday, August 8th, 2014

Your Local Source for New Mexico  Real Estate 

Visitors and residents have known it for many years.  And Condé Nast Traveler’s readers agree:  Santa Fe is the best small city in America.  (Click the link for more information.)   

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We’re in great company with other popular travel destinations.  Other small cities listed includeNapa, CA, Carmel-by-the-Sea, CA, Telluride, CO, Key West, FL, Sedona, AZ and Newport, RI.  Describing Santa Fe, the article comments that no other place in the country so beautifully reflects the art, architecture, food, and crafts of centuries of Native American, Spanish, and Mexican influence.
Love Santa Fe 
  
Liz Sheffield
Keller Williams-Santa Fe

April Existing – Home Sales Show Modest Improvement Behind Gaining Inventory

Friday, May 23rd, 2014

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WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged.
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April from 4.59 million in March, but are 6.8 percent below the 4.99 million-unit level in April 2013.

Lawrence Yun, NAR chief economist, expected the improvement. “Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point,” he said. “Annual home sales, however, due to a sluggish first quarter, will likely be lower than last year.”
Total housing inventory2 at the end of April jumped 16.8 percent to 2.29 million existing homes available for sale, which represents a 5.9-month supply at the current sales pace, up from 5.1 months in March. Unsold inventory is 6.5 percent higher than a year ago, when there was a 5.2-month supply.
“We’ll continue to see a balancing act between housing inventory and price growth, which remains stronger than normal simply because there have not been enough sellers in many areas. More inventory and increased new-home construction will help to foster healthy market conditions,” Yun added.

The median existing-home price3 for all housing types in April was $201,700, which is 5.2 percent above April 2013; in the first quarter the median price was 8.6 percent above a year earlier. “Current price data suggests a trend of slower growth, which bodes well for preserving favorable affordability conditions in much of the country,” Yun said.
Earlier this month, NAR reported the market share of all-cash purchases has risen despite a downtrend in distressed home sales and investor activity. Distressed homes4 – foreclosures and short sales – accounted for 15 percent of April sales, down from 18 percent in April 2013.

Ten percent of April sales were foreclosures, and 5 percent were short sales. Foreclosures sold for an average discount of 16 percent below market value in April, while short sales were discounted 10 percent.
NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio, said there was some heating of the market last month. “The typical time on market shrunk in April, with four out of 10 homes selling in less than a month,” he said. “Homes that show well and are properly priced tend to sell the fastest. More housing inventory gives buyers better choices, and takes the pressure off of the buying process, which is a welcome sign, especially for first-time buyers.”
Properties sold faster for the fourth straight month in April, reflecting the prolonged lag in inventory relative to demand. The median time on market for all homes was 48 days in April, down from 55 days in March; it was 43 days on market in April 2013.

Short sales were on the market for a median of 96 days in April, while foreclosures typically sold in 56 days and non-distressed homes took 45 days. Forty-one percent of homes sold in April were on the market for less than a month.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.34 percent in April, unchanged from March but up from 3.45 percent in April 2013.
First-time buyers continue to represent fewer than one-third of all buyers at 29 percent in April, down from 30 percent in March; they were 29 percent in April 2013.

All-cash sales comprised 32 percent of transactions in April, compared with 33 percent in March and 32 percent in April 2013. Individual investors, who account for many cash sales, purchased 18 percent of homes in April, up from 17 percent in March; they were 19 percent in April 2013. Seven out of 10 investors paid cash in April.
Single-family home sales inched up 0.5 percent to a seasonally adjusted annual rate of 4.06 million in April from 4.04 million in March, but are 7.7 percent below the 4.40 million pace a year ago. The median existing single-family home price was $201,100 in April, up 4.7 percent from April 2013.
Existing condominium and co-op sales rose 7.3 percent to an annual rate of 590,000 units in April from 550,000 units in March, but are unchanged from April 2013. The median existing condo price was $205,500 in April, which is 8.3 percent higher than a year ago.

Regionally, existing-home sales in the Northeast were unchanged at an annual rate of 600,000 in April, but are 6.3 percent below April 2013. The median price in the Northeast was $244,000, down 0.4 percent from a year ago.
Existing-home sales in the Midwest slipped 1.0 percent in April to a pace of 1.03 million, and are 9.6 percent below a year ago. The median price in the Midwest was $157,200, which is 5.8 percent above April 2013.
In the South, existing-home sales increased 1.0 percent to an annual level of 1.94 million in April, but are 3.5 percent below April 2013. The median price in the South was $173,200, up 3.2 percent from a year ago.
Existing-home sales in the West rose 4.9 percent to a pace of 1.08 million in April, but are 10.0 percent below a year ago. The median price in the West was $291,200, which is 9.7 percent above April 2013.