from Gregg Antonsen, Qualifying Broker
Sotheby’s International Realty, Santa Fe
The Santa Fe real estate market at the end of the 3rd quarter continued to show gradual signs of improvement. Of particular note – sales from $750,000 to just under $1M increased 20% from one year ago. Another positive indicator for sellers is the fact that days on market decreased by double digits in all price categories with the exception of homes priced from $2M and above. Yet another sign of our gradual recovery is the fact that both average and median sales prices through the end of the 3rd quarter were up compared to the same period of 2012.
As I write this column we have just concluded the first month of the 4th quarter, which at Sotheby’s International Realty, has shown a healthy number of sales above $750,000. While it is too early to describe renewed activity in the high-end as a trend, we are pleased with the recent uptick in sales activity in this sector of the market throughout Santa Fe.