News & Events

Greetings!

Our 2023 Third Quarter Market Update gives you interactive views of the real estate activity in Santa Fe, as provided by Sotheby’s International Realty’s corporate marketing department – based on data from the Santa Fe Association of REALTORS®. If you have any feedback on the market update, please let us know!

Click here for the 3rd QTR 2023 Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today.

You can view our featured properties at SantaFeAtHome.com.

Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market.  We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have family, friends or colleagues interested in Santa Fe real estate, please reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Recent accolades about Santa Fe, NM

La Villa Real de la Santa Fe de San Francisco de Assis receives many awards and accolades as a favorite destination for its art and culture, food, friendliness, climate and setting, outdoor life – and, as a great place to live.  We are recognized world-wide by a wide variety of leading publications.

BestLife just announced Santa Fe ranked #7 among the 12 Best U.S. Cities Every Traveler Should See.

Click here for a list of our most recent recognitions:  Santa Fe Accolades.

For a complete guide to articles on Santa Fe offerings, visit the Tourism Santa Fe website at SantaFe.org.

Santa Fe, New Mexico
from BestLife, May 8, 2023
By Erin Yarnall, Abby Reinhard

Whether you’re a big fan of Georgia O’Keeffe, green chiles, or simply being in the mountains, Santa Fe, New Mexico, is an unbeatable and affordable destination in the Southwest. Santa Fe has been ranked by the U.S. News & World Report as the best place to visit in the state of New Mexico, as well as one of the best cheap winter or fall vacations in the country.

“It’s a gorgeous city with a vibrant arts and culture scene and plenty of art galleries and shopping available for travelers,” says Ravi Parikh, the CEO of RoverPass.

Click here for full article.

Santa Fe, New Mexico
from Condé Nast Traveller

Breaking Bad might have made an unlikely star of Albuquerque, but it’s New Mexico’s state capital, Santa Fe, that belongs on screen. Surrounded by those same starkly beautiful vistas, the city’s signature adobe Pueblo-style architecture gives it a dreamy, old-timey quality. But in among all that folk art and New Age-iness, there beats a surprisingly contemporary pulse. The fantastical House of Eternal Return, a two-storey, explorable art installation by local collective Meow Wolf, is now one of its biggest attractions (built in an old bowling alley with the financial support of George RR Martin and a $2.7 million budget).

Click here for full article.

Greetings!

Our 2023 First Quarter Market Update gives you interactive views of the real estate activity in Santa Fe, as provided by Sotheby’s International Realty’s corporate marketing department – based on data from the Santa Fe Association of REALTORS®. If you have any feedback on the market update, please let us know!

Click here for the 2nd QTR 2023 Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today.

You can view our featured properties at SantaFeAtHome.com.

Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market.  We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have family, friends or colleagues interested in Santa Fe real estate, please reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Greetings!

Our 2023 First Quarter Market Update gives you interactive views of the real estate activity in Santa Fe, as provided by Sotheby’s International Realty’s corporate marketing department – based on data from the Santa Fe Association of REALTORS®. If you have any feedback on the market update, please let us know!

Click here for the 1st QTR 2023 Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today.

You can view our featured properties at SantaFeAtHome.com.

Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market.  We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have family, friends or colleagues interested in Santa Fe real estate, please reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

by Matt Kirouac
from Thrillist.com

Swapping gas station protein bars for the green chiles and blue corn of Santa Fe was a very necessary decision. After half a year on the road, traveling full-time in an RV, I needed to pull over. A lifestyle that once felt freeing can, at times, become suffocating and lonely. But Santa Fe emerged ahead of me like an adobe-clad mirage in the sun-scorched desert of New Mexico. The city felt like a refreshing sanctuary against a backdrop of rugged solitude.

Santa Fe was the right place to hit the brakes—and it became a place to reroute to many times over the years. Some destinations aren’t meant for just a passing glance, some places become a home away from home: a vacation you can put on repeat.

Click here for full article.

from www.arts.gov

Washington, DC—The National Endowment for the Arts (NEA) is pleased to announce this year’s NEA National Heritage Fellows, recipients of our nation’s highest honor in the folk and traditional arts. For more than 40 years, the NEA has annually presented these lifetime honors in recognition of the diverse cultural traditions that comprise our nation and the individuals whose dedication and artistry contribute to their preservation and growth. Each fellowship includes a $25,000 award. Details will be released in the future about an event to honor the 2023 fellows.

Click here for full article.

by Paco Arguello
from Santa Fe New Mexican

The Santa Fe Association of REALTORS® (SFAR) has been engaged in a variety of community support efforts through member fundraising events. Here’s a brief update on recent and upcoming activities:

At the association’s annual meeting in December, held at the Santa Fe Community Convention Center, checks totaling $10,500 each were presented to representatives from two innovative charities, Growing Up New Mexico and Resolve of Santa Fe.

Growing Up New Mexico’s mission is to engage the whole community, bringing together people and resources to create increased opportunities for young children and the adults in their lives to achieve their dreams and aspirations. Growing Up’s programs include: new mother support and visitation services; family support services; up to age 5 home visits to encourage early learning, literacy and social emotional growth; home-based childcare provider support services; PreK and childcare services; access to other community resources; and promotion of the Dolly Parton Imagination Library.

Click here for full article.

Santa Fe, New Mexico
from Condé Nast Traveler

Santa Fe acts as both New Mexico’s political and creative capital: Wander its wide streets, flanked by adobe houses, and you’ll begin to see why artists like Georgia O’Keeffe were so inspired by this eclectic, historic town. (Traveler readers also can’t stay away—Santa Fe has long been a regular on this list.) The city’s many art institutions, 250-plus galleries (notably SITE Santa Fe, in the Railyard, an emerging contemporary arts hub), and Spanish colonial churches keep culture fiends busy. If the fantastical is more your thing, Meow Wolf’s House of Eternal Return is an explorable art experience with more than 70 rooms of immersive art. To recharge after an active day of museum-hopping, we recommend ordering 505 Manhattans at Radish & Rye, whose 75 bourbons and whiskeys are an antidote to tequila overload.

Click here for full article.

Happy New Year!

Our quarterly market updates now give you interactive views of the real estate activity in Santa Fe, as provided by Sotheby’s International Realty’s corporate marketing department – based on data from the Santa Fe Association of REALTORS®. Follow the link below to access the 2022 Fourth Quarter Market Update. If you have any feedback on the new format, please let us know!

Click here for the 4th QTR 2022 Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today.

Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market.  We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have family, friends or colleagues interested in Santa Fe real estate, please reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

The real estate market in Santa Fe has continued to be strong through the second quarter of 2022.   According to data provided by the Santa Fe Association of Realtors, Q2 2022 resulted in a 15% increase in average sales price, to $801K, compared to $694K in Q2 2021.  However, sales volume year over year has declined sharply with a 23.8% decrease in total units sold. New listings coming to the market have remained essentially stable at 700 for Q2 2022 versus 705 for the same period last year.

Sales in the $1M-$2M price category have remained strong, representing 19.4% of total sales.  Sales of homes in this price range increased 14% from 86 homes in Q2 2021 to 98 homes in Q2 2022. It should be noted that sales of homes $2M+ decreased by 29%, from 28 in Q2 2021 to 20 in Q2 2022. Overall days on market dropped 20.6% compared to a year ago, an average of 29 days in Q2 2021 down to 23 days average on market in Q2 2022.

While our robust market shows continued signs of buyer demand, Santa Fe remains one of the best priced luxury markets in the Southwest.  With more people working remotely in various industries, Santa Fe is now a primary home market for individuals and families seeking a high quality of life at more attainable price points than other luxury communities.   According to Drew Lamprich, Qualifying Broker for Sotheby’s International Realty in Santa Fe, “The pandemic has brought more attention to Santa Fe than ever before. We have become a primary home market [for many]…that allows people to invest more.”

Click here for the 2022 Second Quarter Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today.  With this installment off our quarterly report, we are now able to provide you with more than the snapshot data cited above.  Follow the link above to access the entire Sotheby’s International Realty 2022 Second Quarter Market Update.

Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market.  We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have any questions about the Santa Fe market, please do not hesitate to reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Santa Fe, New Mexico
from TIME Magazine, July 2021

Santa Fe is steeped in history. This year, it welcomed the arrival of Bishop’s Lodge, an Auberge Resorts Collection retreat nestled near the Santa Fe National Forest. A chapel built in 1874 by the first Archbishop of Santa Fe stands at the center of this luxury resort and ranch, where guests can take horses on guided trail rides. In keeping with the Southwestern spirit, the Santa Fe Railyard, a cultural hub that offers commuter train service, leisure activities and an outdoor rail trail, is now home to a new outpost of Bosque Brewing Company as well as the Opuntia Café, which has an indoor garden and a selection of seasonal bowls and toasts. Elsewhere, a pandemic surge in bikers inspired volunteers from the Santa Fe Fat Tire Society to build a five-mile loop at Galisteo Basin Preserve. —Sucheta Rawal

Click here for full article.

The desire to own property in and around Santa Fe continues to create a dynamic market across all price ranges. It is not uncommon in this strong sellers’ market to experience multiple offers on a property shortly after appearing on the MLS. Buyers are encouraged to come prepared to make well-informed decisions and to move quickly once they find the property that most appeals to their goals.

2021’s fast-paced market continued through the first quarter of 2022 and according to our local MLS, Q1 2022 resulted in a 16% increase in average sales price, to $670K, and a 13% decrease in total units sold. Available inventory decreased 39% from one year ago, compounding the previous 48% decrease in Q1 2021 compared to Q1 2020 for a two-year Q1 decrease of 68%.

Sales in the $1M-$2M price category have remained strong, from 80 homes in Q1 2021 to 79 homes in Q1 2022. In addition, sales of homes $2M+ increased by 41%, from 17 in Q1 2021 to 24 in Q1 2022. Overall days on market dropped 44% compared to a year ago, an average of 68 days in Q1 2021 down to 38 days average on market in Q1 2022. While our brisk market shows continued signs of buyer demand, Santa Fe remains one of the best priced luxury markets in the Southwest.

Click here for the 2022 First Quarter Market Update.

As always, we are committed to providing the highest quality service and will continue to support you with a suite of traditional and virtual marketing tools that are proving effective for both buyers and sellers today. Our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future.

If you have any questions about the Santa Fe market, please do not hesitate to reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Sales activity for residential housing throughout the fourth quarter of 2021 remained historically strong resulting in a record-breaking year for the Santa Fe residential real estate market as well as another record year for our firm. As a result, according to the Santa Fe MLS, the average selling price increased 16% to $615K, compared to $531K one year ago. Total units sold increased 12 % to 3,721 in 2021 compared to 3,310 in 2020. The average sales price achieved at our firm ended the year at slightly more than $1M, far outperforming the average sales price of all competitors.

Inventory diminished in all price sectors resulting in an overall 47% decline further supporting what has been a very strong sellers’ market, with 359 active listings at the end of 2021, compared to 674 active listings at the end of 2020. Average days on market declined by 33% in all price ranges to 46 days, compared to 69 days one year ago. The largest gains in closed sales occurred in the $750K to $1M price sector, up 44% from 258 in 2020 to 371 in 2021; $1M to $2M, up 62% or 250 in 2020 to 405 in 2021, and in the price range above $2M which saw an increase in sales of 108%, from 49 sales in 2020 to 102 sales in 2021.

As we enter 2022, buyer interest in Santa Fe remains undiminished and is showing early signs of continued growth. The shift in home buyers’ priorities since the pandemic’s onset has led to increased focus on destination markets such as Santa Fe, as buyers search for more space, access to nature, and lifestyle opportunities. Our sales associates are ready to help you navigate this robust market.

2022 brings exciting change for our brokerage as we celebrate Gregg Antonsen’s retirement as Manager and Qualifying Broker and Drew Lamprich stepping into the role.

Click here for the 2021 Fourth Quarter Market Update.

As always, our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We are committed to providing the highest quality service and will continue to support you with a suite of virtual marketing tools that are proving effective with buyers today. We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future.

If you have any questions about the Santa Fe market, please do not hesitate to reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Performance in the residential housing market in Santa Fe throughout the third quarter of 2021 was remarkably strong in all price sectors. As a result, according to the Santa Fe MLS, average sales price increased by 19% to $608K from $509K one year ago, while the median sales price increased by 13% to $450K compared to $399K one year ago. The average sales price at our firm ended the third quarter at $962K, an increase from $910K as noted in our second quarter report.

Inventory of existing homes for sale continued a downward trend in all price sectors resulting in an overall 33% decline from one year ago. Average days on market was down 31% overall with the largest decreases impacting homes priced in the following price categories: $750K to $1M, down by 50%, $1M to$2M, down 42%, and $2M+, down 66%. Units sold increased dramatically in the same price bands resulting in a 44% increase in units sold, from $750K to $1M, or 175 units in 2020 compared to 252 units sold in 2022. This noted a 74% increase in units sold, from $1M to $2M, or 164 units in 2020 compared to 286 units through the third quarter of 2021, and an astounding 235% increase in sales above $2M, rising from 23 sales during the same time frame in 2020 to 77 sales in 2021.

In summary, buyer demand for existing housing in Santa Fe remains at or near historic levels as we approach the final quarter of the year.

Click here for the Third Quarter 2021 Market Update

As always, our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We are committed to providing the highest quality service and will continue to support you with a suite of virtual marketing tools that are proving effective with buyers today. We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future.

If you have any questions about the Santa Fe market, please do not hesitate to reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

Santa Fe – 2nd Best Small City in America 2020 – Condé Nast Traveler Reader’s Poll

Santa Fe, New Mexico
from Condé Nast Traveler Reader’s Poll – October 2020

Santa Fe acts as both New Mexico’s political and creative capital: Wander its wide streets, flanked by adobe houses, and you’ll begin to see why artists like Georgia O’Keeffe were so inspired by this eclectic, historic town. (Traveler readers also can’t stay away—Santa Fe is a regular on our best-of-the-U.S. list.) The city’s many art institutions, 250-plus galleries (notably SITE Santa Fe, in the Railyard, an emerging contemporary arts hub), and Spanish colonial churches keep culture fiends busy. To recharge after an active day of museum-hopping, contributing editor Alex Postman recommends ordering 505 Manhattans at Radish & Rye, whose 75 bourbons and whiskeys are an antidote to tequila overload, and a meal at Eloisa, where John Rivera Sedlar, whose great aunt was O’Keeffe’s chef, serves up a mean duck enfrijolada.

Click here for full article.

With the close of the second quarter of 2021, the housing market remained comfortably ahead of last year, one that was a record year for Sotheby’s International Realty – Santa Fe Brokerage. According to the Santa Fe MLS, through the first half of 2021, average sales price increased 25.7%, to $591K, compared to the same time frame one year ago, while median sales price rose more than 16%, to $435K. The number of units sold increased 34.4% and the average sales price at our firm was $910K.

In Q2 2021, buyer demand remained high in Santa Fe with sales increases across all price bands. Inventory was down significantly in all price categories with the exception of homes $2M+, which increased 7%. Average days on market was down 54% for homes priced $1-$2M and down 72% for homes priced above $2M. Sales of homes priced from $1M-$2M increased 143%, from 70 homes sold through Q2 2020 to 170 homes sold through Q2 2021.

Click here for the Second Quarter 2021 Market Update

As always, our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We are committed to providing the highest quality service and will continue to support you with a suite of virtual marketing tools that are proving effective with buyers today. We hope you find this market report to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future.

If you have any questions about the Santa Fe market, please do not hesitate to reach out to Caroline at 505.699.0909 or Jeff at 505.515.9979.

Warmest regards,

When you speak with any of our brokers, they will tell you they have never been busier and that there’s never been more of a desire to own property in and around Santa Fe.  It is not unusual in this strong sellers’ market to experience multiple offers shortly after a property appears on the MLS.  Buyers are encouraged to come prepared to make well informed decisions and to move quickly once they find the property that most appeals to their desires.

According to our local MLS, 2020’s fast-paced market continued to gain momentum through the first quarter of 2021 resulting in a 17% increase in average sales price, to $581K, and a 16.8% increase in total units sold.  Also notable is that available inventory decreased a dramatic 51% from one year ago.  Just as dramatic has been the notable increase in sales in the $1M-$2M price category, from 40 homes in Q1 2020 to 78 homes in Q1 2021, an increase of 95% year over year.  In addition, sales of homes $2M+ increased a staggering 143%, from seven in Q1 2020 to 17 in Q1 2021.

While our market is brisk and shows signs of continued buyer demand, Santa Fe remains one of the best priced destination markets in the Southwest.

Click here for the First Quarter 2021 Market Update

As always, my goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market.  I hope you find it to be a valuable resource, and I look forward to working with you to meet your real estate needs now and in the future.  If you have any questions about the Santa Fe market, please do not hesitate to reach out to me.

Warmest regards,

As we continue to navigate these unprecedented times, the health and safety of our community is our top priority. We quickly adapted to conduct business and support our clients looking to buy, sell, or rent homes by conducting virtual showings, virtual open houses, and showcasing them on our new, visually rich website, sothebysrealty.com.

Residential sales activity in the Santa Fe area gained remarkable momentum throughout the third quarter of this year. As a result of third quarter production, Santa Fe continued to experience a strong sellers’ market both in terms of the number of closed sales as well as average and median sales prices achieved.

I invite you to review a summary of sales activity in the Santa Fe area during the third quarter of 2020, based on closed production from July – September 2020. The Santa Fe Association of Realtors reports the following market data for this quarter, which is compared here for the same period of 2019. Closed sales from the third quarter do not tell a complete story regarding the housing recovery in Santa Fe. Heading into the fourth quarter, we wanted to bring your attention to additional positive indicators:

• Average selling price increased 8%, from $473K in Q3 2019 to $509K in Q3 2020
• Sales in the $1M to $2M price range increased 24%, from 132 properties in Q3 2019 to 164 properties in Q3 2020
• Active listings decreased 33%, from 1,146 properties in Q3 2019 to 770 properties in Q3 2020
• Median selling price increased 8%, from $370K in Q3 2019 to $399K in Q3 2020

Click here for the Third Quarter 2020 Market Update

As always, my goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market.  I hope you find it to be a valuable resource, and I look forward to working with you to meet your real estate needs now and in the future.  If you have any questions about the Santa Fe market, please do not hesitate to reach out to me.

Warmest regards,