I am pleased to report that the Santa Fe residential real estate market signaled good news for both buyers and sellers throughout the second quarter of 2015, according to Santa Fe Association of Realtors Multiple Listing Service.
- The good news for sellers was reflected in the fact that sales rose in nearly all price bands while average days on market across all price ranges remained relatively flat in the second quarter of 2015.
- The good news for buyers was revealed in the fact that homes remained affordable in Q2 2015 as both the average sales price and median sales price experienced slight declines.
- 78% of residential sales in the Santa Fe area remained under $500,000, highlighting the affordability of the market. Sales in price ranges from $500,000 and above continued to be relatively stable.
In summary, the Santa Fe market remains a supremely attractive and affordable alternative to many other destination markets.
Click here for the 2015 Second Quarter Market Update report.
My hope is that you find this update helpful and informative, with links to articles and market trends. If you are in the market to buy or sell or know someone who is, please allow me to be of assistance!