News & Events

The residential real estate market in Santa Fe was remarkably robust throughout 2018. According to the Santa Fe Association of Realtors MLS, sales of residential properties rose 8% this year from 3,049 properties sold in 2017 to 3,301 properties sold in 2018. Median prices also rose 8% from $320K in 2017 to $345K in 2018. The average sales price rose by 4% from $423K in 2017 to $441K in 2018.

Average days on market, another key indicator of market activity, decreased by double digits in all price sectors except for homes priced $2M+, which rose by 6%. Listing inventories in the $500,000 to $750,000 sectors rose by 4% and those listed above $2M rose by 3%. Total active listings declined year over year by 5%.

The average selling price at our firm for properties sold in 2018 was approximately $720,000 vs. $501,000 for our nearest competitor.

Click here for the Fourth Quarter 2018 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,

Santa Fe serves 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 and 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 14 art institutions, 250-plus galleries (notably SITE Santa Fe, in the Railyard, an emerging contemporary-arts hub), and its Spanish colonial churches keep culture fiends busy at an appropriately desert pace; let’s call it “tumbleweeding.” To fortify after a day of museum hopping, Traveler features director Alex Postman recommends “505 Manhattans at Radish & Rye, whose 75 bourbons and whiskeys are an antidote to tequila overload, and a table at Eloisa, where John Rivera Sedlar (his grandaunt was O’Keeffe’s chef) serves a duck enfrijolada to erase the memory of nineties ‘Southwestern.'”

Click here to read the article:  Condé Nast Traveler

For a complete list of accolades with links to articles, visit the Tourism Santa Fe website at SantaFe.org.

I am pleased to report that the residential real estate market in Santa Fe continued to perform at a dynamic pace throughout the third quarter of 2018. According to the Santa Fe Association of Realtors, sales of residential properties rose by 9% over the same period from one year ago. Median prices rose by 6% to $340,000 while the average sales price rose by 4% to $438,000. Average days on market, another sign of a robust activity, decreased in all price sectors. Listing inventories declined or remained flat in all price sectors with the exception of homes $2M+ which had a 13% increase in active homes for sale. In addition, sales of homes $2M+ increased by 5% compared to one year ago.

Click here for the Third Quarter 2018 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,

The residential real estate market in Santa Fe showed continued steady and healthy rates of growth throughout the second quarter of 2018.  According to the Santa Fe Association of Realtors MLS, sales of residential properties rose by 10% over the same period from one year ago.  Median prices rose by 6% while the average sales price rose by 4% to $429,000.  Average days on market, another key indicator, decreased significantly in all price sectors.  Listing inventories in the $750,000 to $1M and $1M+ to $2M price ranges declined by 12% and 10% respectively, increasingly competitive sectors of the Santa Fe market.  The average selling price at our firm at the end of the second quarter was $675,667 vs. $484,146 for our nearest competitor.

Click here for the Second Quarter 2018 Market Update.

As always, our goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market. We hope you find it to be a valuable resource, and we 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 us!

Warmest regards,

Santa Fe’s real estate market continued to move at a robust and healthy pace throughout the first quarter of 2018. Total residential sales of single-family homes, townhomes and condos in Santa Fe County rose by 16% over the same period last year, according to the Santa Fe Association of Realtors MLS. Median prices of residential sales rose by 7% while the average selling price rose by 5% to $422K.  The first quarter also resulted in a significant decrease in days on market in all price
categories with the exception of homes priced from $2M and above. Inventories of existing residential housing decreased to their lowest level in the last three years in all price categories with the exception of homes priced from $2M and above which remained elatively flat.

Click here for the First Quarter 2018 Market Update.

Our goal in sharing this data with you is to create a better understanding of the trends affecting our unique housing market, and we 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 us to be of assistance!

Warmest regards,

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!

Warmest regards,

Click here for the SANTAFEstyle Magazine – Summer/Fall 2017 Issue

The stats reflecting activity during the third quarter of 2017 are in and what is revealed is positive news on almost every front. According to figures obtained from the Santa Fe MLS, when comparing the third quarter of 2017 to the third quarter of 2016, the average selling price of residential properties rose by nearly 8%, the median selling price increased by 5% and number of units sold increased by nearly 10%. Robust rates of activity occurred in the $500,000 to $750,000 price bands, the $750,000 to $1M price bands, the $1M to $2M price bands as well as the $2M+ price bands. In fact, the $2M+ price band has had 20 sales recorded in 2017 to date, that number more than doubling over one year ago (20 vs. eight). In addition, in the third quarter of 2017, overall days on market declined to 118 days, down from 143 days in the third quarter of 2016, a 17% decline.

Click here for the Third Quarter 2017 Market Update Report

Click here for Sotheby’s Significant Sales, Volume II, Issue I

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!

Warmest regards,

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!

Warmest regards,

Based upon sales statistics obtained from the Santa Fe Association of Realtors MLS, in the first quarter of 2017, sales activity in the Santa Fe residential real estate market has been healthy and robust.  Most notably, the first quarter of 2017 had the highest total number of sales in the past ten years during the three-month period from January-March.  Additionally, for the second year in a row, both average and median sale prices increased in the first quarter of 2017, compared to the first quarter of the year prior.

The number of closed sales units in five of six price bands have increased when compared to the same period one year ago, while closed sales in the $1M-$2M price band declined from 29 closed sales in the first quarter of 2016 to 23.  As the summer sales season approaches, traditionally the busiest of the year, the residential real estate market in Santa Fe remains positive, attractive, and welcoming for buyers and sellers alike.

Click here for the First Quarter 2017 Market Update Report

Click here for Sotheby’s Significant Sales, Vol 1, Issue IX

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!

Warmest regards,

Click here for the SANTAFEstyle Magazine – Winter/Spring 2017/18 Edition

I am pleased to report that the momentum achieved in the first two quarters of 2016 continued at a robust pace throughout the third quarter of the year. According to the Santa Fe Association of Realtors MLS, both average and median sales prices made healthy gains and the number of units sold increased while days on market declined as compared to one year ago.

• Overall closed sales were up 3.3% through the third quarter of 2016 compared to same time period in 2015 according to the MLS. The bright spots of the Santa Fe residential market included activity in the $500,000 to $749,999 price band which saw a 9% increase in units sold as well as the $1M-$2M price band which reported a 23.6% increase in unit sales from one year ago.
  

• Days on market throughout the quarter contracted in all price sectors with the exception of the high end of the market ($2M+). That particular sector of the market saw an 18.6% increase from one year ago.

• Closed sales in the high end of the market have remained flat year over year.
  

A number of factors may positively impact the final quarter of the year. This includes a growing number of boomers who are currently looking for retirement homes in the Southwest and a growing number of millennials who are reaching home buying age, and in addition, there may be the continuation of historically low interest rates. A recent article in the Financial Analysis and Commentary section of the Wall Street Journal  concluded that current market factors don’t preclude the Fed from raising interest rates later this year, further rate increases will come only gradually. That bodes well for real estate sales and purchases. “The era of low U.S. interest rates isn’t close to ending,” concluded Justin Lahart of the Wall Street Journal. (page B-12, October 8-9, 2016, WSJ). That conclusion, if it remains true, is good news for the real estate industry, in general,
and for Santa Fe in particular.

Click here for the Third Quarter 2016 Market Update Report.

Click here for Sotheby’s International Realty Significant Sales 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!

Warmest regards,

Thanks to its proximity to the Mexican border, Santa Fe is a place that perfectly melds differing cultures. It also happens to be a former Spanish colony and houses many of the oldest sites in all of the United States. These things and more make Santa Fe a really cool place, with tons to see and do. Read our list to discover what a few of those things are!

Read more…

I am pleased to provide you with the Santa Fe real estate market report for the second quarter of 2016. As you will see from the graphs in the link below to the Second Quarter 2016 Market Update, current market conditions remain positive, no doubt supported by the continuation of historically low interest rates combined with the fact that Santa Fe remains a well-priced, attractive destination market for buyers.

• According to The Santa Fe Association of Realtors MLS, both median and average sales prices, while showing modest increases from one year ago, remain, nonetheless, below peak prices achieved in 2007, allowing the Santa Fe market to remain attractive to buyers from a number of other higher priced markets.
  

• Total units sales remained stable while sales in the $250,000 to $499,999 and $1M to $2M price bands increased rather significantly, 17% and 20% respectively.

• Listing inventory, an important indicator of market conditions, declined in all price categories with the exception of $1M and above, which recorded a moderate increase of 3.7%, making the second quarter of 2016 the third consecutive year of gradual quarterly inventory contractions.
  

The market trends achieved in the first two quarters of 2016 appear indicative of a stable, healthy environment for both buyers and sellers. As we enter an exhilarating summer season of world renowned opera performances, art markets, and cultural festivals, we invite those of you who haven’t already made plans for a summer visit to do so now. We are looking forward to welcoming you to all we have to offer in the City Different.

Click here for the Second Quarter 2016 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!

Warmest regards,

According to The Santa Fe Association of Realtors MLS, sales during the first quarter of 2016 for single-family homes, townhouses and condos in Santa Fe continued at a moderately increased pace compared to the first quarter of 2015, with number of closed sales up 1%. Both average and median prices were up slightly – all indicators of the continuation of a steady, healthy market.

• Throughout the first quarter of 2016, 80% of all sales continued to be under $500,000.
  
• On the other end of the scale, sales from $1M-$2M were up significantly with 29 closed sales in the first quarter of 2016 compared to 17 closed sales in the first quarter of 2015 – an impressive increase of 71%.
• Days on market in the $1M-$2M range were down 12% while listing inventory in the above $1M segment actually increased 13%. This segment of the market will continue to be interesting to follow as we enter the summer season.
  

Late spring and summer bring an exciting atmosphere, festivals, cultural attractions and an abundance of tourists to The City Different. As the leading real estate firm in Santa Fe, Sotheby’s International Realty wishes to extend a warm welcome to those visiting and planning a visit to our captivating corner of the world. 

Click here for the First Quarter 2016 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!

Warmest regards,

Results posted during the fourth quarter of 2015 showed a continued pattern of upbeat news for the real estate market in Santa Fe led by an increase in unit sales from one year ago. This was accompanied by a decrease in days on market in all price categories.

• According to The Santa Fe Association of Realtors MLS, of six price bands, four reflected increases in closed sales with only two price bands experiencing a decrease in sales. Sales activity from $750,000 to $999,999 were down by 4%.
  

• For 2015, sales of residential properties resulted in ten months of increased activity. Pending sales increased during each of the two preceding years with 2014 showing a 5% increase over 2013 and 2015 showing a 4% increase over 2014. Closed sales in 2015 resulted in even more positive news with a healthy 10% increase over 2014.

• Months supply of available inventory during the fourth quarter of the 2015 has contracted since 2013 when a year supply was recorded compared to an 11 month supply in 2014 and an eight month supply during the fourth quarter of 2015 – a 24.3% decrease from the year prior. If this trend continues, market forces in Santa Fe could result in gradual upward pressures on prices.
  

Click here for the Fourth 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!

Warmest regards,

WASHINGTON (January 29, 2015) – Despite interest rates being at their lowest level of 2014, pending home sales cooled in December but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors^®. All major regions experienced declines in December.

Lawrence Yun, NAR chief economist, says fewer homes available for sale and a slight acceleration in prices likely led to December’s decline in contract signings. “Total inventory fell in December for the first time in 16 months, resulting in fewer choices for buyers and a modest uptick in price growth in markets throughout the country,” he said. “With interest rates at lows not seen since early 2013, the strength in existing-sales in upcoming months will largely depend on the willingness of current homeowners to realize their equity gains from the past couple years and trade up.”

Adds Yun, “More jobs, increasing consumer confidence, less expensive mortgage insurance and new low down payment programs coming into the marketplace will likely lead to more demand from first-time buyers.”

Total existing-homes sales in 2015 are forecast to be around 5.26 million, an increase of 6.6 percent from 2014. The national median existing-home price for all of this year is expected to increase between 4 and 5 percent. In 2014, existing-home sales declined 3.1 percent and prices rose 5.8 percent.

Read the full article.

Sotheby’s International Realty has announced an exclusive partnership with Apple News. The international real estate company is One of 20 exclusive advertising partners on the Apple News app and will be the only real estate company to advertise with Apple News now through the end of December.

Apple News is a brand new application baked into every Apple device running iOS 9 or newer, allowing Sotheby’s International Realty to potentially reach over 800 million iPhones and iPads.

Read more…