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Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They many not reflect all real estate activity in the market area.
Santa Fe Market UpdateFirst Quarter 2014
SaNTa FE BroKEraGES
Washington Avenue Brokerage | t. 505.988.8088
Grant Avenue Brokerage | t. 505.988.2533
East Palace Brokerage | t. 500.982.6207
sothebyshomes.com
a MESSaGE FroM oUr QUaLIFYING BroKEr:
Gregg antonsen, t: 505.988.2533 | [email protected]
The Santa Fe real estate market continued to show steady signs of recovery throughout the first quarter of 2014. Encouraging gains were posted in most price categories. a steady and welcome upturn in activity continued momentum established in the previous two quarters in the important $750,000 to $2M sectors. Further support for the Santa Fe market occurs when we study the first quarters, as the 2014 first quarter “Units Sold” is the highest since 2007, complemented by “Days on Market” being the lowest since 2007. The average sales price remains attractively affordable at $380,729, while also showing an improvement over the first quarter of 2013. all of this information combines to support positive trends in our local market as we approach the important second quarter of 2014. With interest rates remaining
near historic lows, prices affordable and our world-renowned Santa Fe spring/summer festivals and tourist season fast approaching, we are looking forward to continued growth in our exceptional real estate market.
Number of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single Family, Condos, and Townhouses) for the First Quarter of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014
231 Washington avenueSanta Fe, NM 87501t: 505.988.8088
326 Grant avenueSanta Fe, NM 87501t: 505.988.2533
417 East Palace avenueSanta Fe, NM 87501t: 505.982.6207
SANTA FE BROkERAgES | sothebyshomes.com/santafe
Sotheby’s International realty and the Sotheby’s International realty logo are registered (or unregistered) service marks used with permission. operated by Sotheby’s International realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. real estate agents affiliated with Sotheby’s International realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International realty, Inc.
611
719
507
385
280
347 342
382
424
470
153 171 177 190 200 205 220 233
209 189
$385,130
$431,593
$478,960
$436,673
$324,500
$384,788
$453,183
$396,505
$351,452
$380,729
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Units Sold Avg. DOM Avg. Sales Price
BIg TESUQUE CANYONMLS 201304035 | $2,790,000
Stunning Tesuque compound in a tree-covered
setting on the rio Tesuque.
David rosen | Christopher rocca
505.470.9383 | 505.490.2999
47 VIOLET CIRCLEMLS 201304361 | $2,785,000
This superlative Pueblo-style home is the epitome
of distinctive, modern Southwestern style.
ray rush | Tim Van Camp
505.577.5117 | 505.690.2750
16-18 SPUR RANCH ROADMLS 201401303 | $1,895,000
Breathtaking compound situated on a 25-acre
site with views of the Galisteo Basin.
Darlene Streit
505.920.8001
FEATurEd LISTINGS
sothebyshomes.com/santafe
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSaLES
AVERAGE AND MEDIAN SALES PRICES, FULL YEAR
YEAR AVERAgE SALE PRICE MEDIAN SALE PRICE
2004 $326,742 $262,0002005 $385,131 $290,0002006 $431,964 $345,0002007 $478,960 $380,0002008 $436,674 $310,0002009 $409,115 $324,5002010 $384,789 $300,0002011 $453,184 $300,0002012 $396,506 $292,5002013 $353,329 $276,5002014 $380,729 $280,000
CLOSED SALES
PRICE RANgE 2012 2013 2014 % Change(2014 v 2013)
UP To $249,999 161 183 208 11.82%
$250,000-$499,999 126 160 153 -8.38%
$500,000-$749,999 53 39 54 38.46%
$750,000-$999,999 20 19 33 73.68%
$1M-$2M 20 11 20 81.81%
aBoVE $2M 2 2 2 0.00%
AVERAGE DAYS ON MARKET
PRICE RANgE 2012 2013 2014 % Change(2014 v 2013)
UP To $249,999 198 187 178 -2.73%
$250,000-$499,999 215 212 176 -14.56%
$500,000-$749,999 291 280 253 -11.84%
$750,000-$999,999 338 224 226 0.89%
$1M-$2M 260 303 176 -44.47%
aBoVE $2M 382 630 56 -91.11%
0
50
100
150
200
250
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
0
100
200
300
400
500
600
700
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Average Sales Price Median Sales Price
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SaLES
LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY
PRICE RANgE 2012 2013 2014 % Change(2013 v 2014)
UP To $249,999 337 261 242 -7.28%
$250,000-$499,999 431 352 424 20.45%
$500,000-$749,999 223 178 173 -2.81%
$750,000-$999,999 134 126 137 8.73%
aBoVE $1M 205 200 208 4.00%
SALES BY PRICE RANGE 2013 2014
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1M-$2M
Above $2M
PRICE RANgE 2013 2014
UP To $249,999 44% 44%
$250,000-$499,999 39% 33%
$500,000-$749,999 9% 11%
$750,000-$999,999 4% 7%
$1M-$2M 3% 4%
aBoVE $2M 1% 1%
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES
Obtained from the Santa Fe Association of Realtors Multiple Listing Service. Deemed reliable but not guaranteed and subject to change.
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014
0-‐$249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 $1,000,000 and Above
0
50
100
150
200
250
January February March April May June July August September October November December
2009 2010 2011 2012 2013 2014
ON ThE mArkET
left to right from top to bottom:
IN METroPoLITaN MarKETS
SAN FRANCISCO, CA | Web: 0086628 | $1,275,000
HOUSTON, TX | Web: 1240117 | $1,750,000
BROOKLYN, NY | Web: 0136749 | $1,699,000
IN rESorT MarKETS
EAST HAMPTON, NY | Web: 0046175 | $1,895,000
CARMEL, CA | Web: 0501348 | $1,395,000
FALMOUTH, MA | Web: 0840726 | $1,590,000
IN ForEIGN MarKETS
THAILAND | Web: 2ZBJ7R | $1,080,580
GREECE | Web: SMXWL9 | $1,931,567
GERMANY | Web: 9DLRQ8 | $1,655,629
sothebysrealty.com
SIGNIFICANT SALES | Q1 2014
960 OLD SANTA FE TRAIL | MLS 201205163| $1,600,000 list
Neil Lyon | 505.660.8600
1146 CANYON ROAD | MLS 201303175 | $1,499,000 list
Francesca Stedman | Mary Kehoe | 505.670.5566 | 505.310.1422
3249 PASEO DEL MONTE | MLS 201303620 | $798,000 list
MaryJoy Ford | 505.577.0177
435 CAMINO DEL MONTE SOL | MLS 201302549 | $1,399,000 list
K.C. Martin | 505.690.7192
16B CAMINO CALABASAS | MLS 201400192 | $895,000 list
Nancy Lehrer | Tara Earley | 505.606.7611 | 505.606.7611
77 PASEO DEL CONEJO | MLS 201304704 | $850,000 list
Susan Kline | Lynden Galloway | 505.501.0101 | 505.501.1111