Sales activity in Santa Fe during the second quarter of 2017 continued to support the vigorous growth pattern established throughout the first quarter of the year.
According to the Santa Fe Association of Realtors MLS, sales prices for residential properties – both average and median – rose by 6% and total units sold increased by 11% when compared to the second quarter of 2016. This is the third consecutive year that second quarter average selling price and total units sold reported increased activity in the Santa Fe real estate market. Throughout the second quarter, all price segments experienced increased sales including an increase in units sold by 4% in homes up to $250K to a 150% increase in homes above $2M, which changed from four to ten units sold year over year. Impressive sales activity also occurred in homes sold from $750K to $1M, a 53% increase from 55 to 84 units sold, and those sold in the $500K-$750K range which registered a 32% increase when compared to the second quarter of 2016.
Click here for the Second Quarter 2017 Market Update Report
Click here for Sotheby’s Significant Sales, Volume II, Issue I
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!