2024 Third Quarter Market Update

Homes

Our 2024 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 2024 Third 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.

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,

The Best Christmas Towns in the USA for a Dose of Holiday Cheer

Santa Fe, New Mexico
from Vogue Travel, November 17, 2024
By Nicole Klies

Offering a southwestern spin on holiday cheer, Santa Fe’s seasonal traditions are best experienced at the Canyon Road Farolito Walk. Here, visitors and locals alike stroll through the historic adobe neighborhood surrounded by hundreds of lanterns (farolitos) and pinion bonfires. The sound of holiday music fills the air and the road’s many galleries keep their doors open longer for Christmas Eve visitors. There’s also the Winter Spanish Market (Dec 7 and 8) offering handcrafted goods, accompanied by artist demonstrations and traditional New Mexican music and food.

Click here for full article.

¡Viva Santa Fe!

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.

Vogue Travel just announced Santa Fe among the The Best Christmas Towns in the USA for a Dose of Holiday Cheer.

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 Ranks #2 Among 15 Best U.S. Cities (July 2024)

Santa Fe, New Mexico
from Travel+Leisure, July 9, 2024
By Elizabeth Cantrell

This artsy Southwestern destination has ranked high on our list for nearly 20 years, and it’s not just because of the 320 days of sunshine it receives each year, though it certainly doesn’t hurt. “Santa Fe is like its own country within a country,” gushed one reader. “It’s such a unique blend of culture and history that you don’t see in the rest of the USA.” Another visitor called its downtown, with Pueblo-style buildings and independent galleries, “a photographer’s dream and a shopper’s delight.”

Travel+Leisure World’s Best Awards Hall Of Fame honoree. Reader Score: 87.43

Click here for full article.

2024 Second Quarter Market Update

Homes

Our 2024 Second 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 2024 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.

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,

2024 First Quarter Market Update

Homes

Our 2024 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 2024 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.

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,

Santa Fe Ranked Among 12 Best U.S. Cities Every Traveler Should See

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.

2023 Fourth Quarter Market Update

Homes

Happy New Year!

Our 2023 Fourth 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 4th 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,

2023 Third Quarter Market Update

Homes

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,

Santa Fe – Ranked Among Top Ten World Destinations for Spring 2023

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.

2023 Second Quarter Market Update

Homes

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,

2023 First Quarter Market Update

Homes

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,

Why Santa Fe is the Perfect Repeat Vacation Destination

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.

Santa Fe Artist, Luis Tapia – 2023 National Heritage Fellowship Award Recipient from NEA

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.

SFAR’s Community Support and Honoring Michaelann Perea

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 – Ranked #3 Best City – Conde Nast Traveler 2022 People’s Choice Award

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.

2022 Fourth Quarter Market Update

Homes

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,

2022 Second Quarter Market Update

Homes

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 – Among World’s Greatest Places in 2021 – TIME Magazine

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.

2022 FirstQuarter Market Update

Homes

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,