2017 proved to be a banner year impacting all price sectors of Santa Fe’s residential real estate market. According to the Santa Fe MLS, in the fourth quarter of 2017 total units sold increased 11% with the most robust activity occurring in the $500K to $750K, $750K to $1M, and $2M+ price bands. Moving in tandem with the pace of sales activity, days on market decreased a remarkable 25% when compared to one year ago. Average selling prices were up 8% while median selling prices
increased 7% — all signs of a healthy real estate market.
Click here for the Fourth Quarter 2017 Market Update Report
My goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market, and I hope 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!