Having just returned from the National Association of Realtors convention in New Orleans, it took me three days to detox from all the partying and information overload. Economists at the convention gave us good news: real estate continues to be a solid investment alternative for the next five to ten years.

The City of Santa Fe now is in the home stretch for 2002 sales. The market under $600K remains strong, with listings under $250K selling rapidly. In the over $700K market, we see a huge number of unsold properties (three to four times the inventory of 2000).

Santa Fe One Realty predicts a buyer's market at the high end with some possible price adjustments occurring downward in the short term.

New construction permits in the City of Santa Fe are slowing down rapidly since the passing of the low flow toilet ordinance. For every new low flow toilet installed, 12 low flow toilets have to be replaced in existing homes or businesses, as dictated by the city hall. This is one solution toward improving water conservation, but I guarantee that builders will simply pass the cost along to consumers. The result: the City of Santa Fe water utility saves water, but the cost of housing and city administration goes up. Forget affordable housing in Santa Fe because, as we all know, this is a demand-driven market from out of state.

New construction in Santa Fe County continues at a steady clip, especially the NW city limits and SW city limits. Folks like the idea of owning two to five acres with a private well and views of several mountain ranges. From these areas, downtown Santa Fe is only a 10 to 20 minute drive.

Santa Fe One Realty will be moving to new offices December 2-5. Our new location will be conveniently located in the middle of the city -- off Old Pecos Trail on Calle Medico.

Our new address will be:
1850 Old Pecos Trail, Suite H,
Santa Fe, New Mexico, 87505
Phone: 505-984-0700 fax 505-984-0707
Once we are settled in we promise you a grand opening party!

PARADE OF HOMES http://www.santafehometour.com
Haciendas - A Parade of Homes is the largest Real Estate event in Santa Fe, New Mexico. It is a free home tour of builders and their new custom homes ranging from the affordable to the luxurious.

Santa Fe One Realty's associates noticed some fine Southwest style amenities that most future home builders need to consider, including: hard trowel plastering on kiva fireplaces, granite kitchen counter-tops, flagstone portals, mosaic stone inlays on floors, kick boards and fireplaces; stained concrete floors, cherry wood cabinets, black-smith ironwork, water catchment systems, drip irrigation, three car garages and more.

FINANCE

Pre-qualify your finances and set a budget before you shop for homes and lands in Santa Fe. Check out our financial contacts who specialize in Santa Fe and Northern New Mexico.

NEW MEXICO WEEKLY QUOTES, NOW ON LINE!
Get current mortgage rates from the best N.M. lenders now! CLICK HERE

New Mexico Mortgage Brokers
Call or email today for your free financial pre-qualification.

Ron Blessy, John Schwelnus Capitol City Partners
505-983-9222, capitolpartners@qwest.net

Troy Lepisto, Countrywide Loans
800-264-2114, 505-670-6390, 505-995-3138

Clare Easterwood, Cissy Moore, The Mortgage Company
505-984-9121, http://www.mtgcompany.com

Yvonne Edwards, City Mortgage
505-570-2002, loanarrangr2002@qwest.net

*** From Santa Fe One Real Estate
Take advantage of the lowest interest rates in forty years ! Real Estate is your investment alternative. Diversified portfolios are stronger portfolios. With today's historically low interest rates, why not invest in Santa Fe Real Estate?

JOBS IN SANTA FE

Check out this job resource page, loaded with essential job and relocation information.

Also: Santa Fe Resources:

GOVERNMENT & TAXES

Call the experts !
New Mexico Tax and Revenue 505-827-0700
City of Santa Fe 505-984-6500
Santa Fe County 505-986-6200

See Santa Fe Resources / Government
http://www.tonyatwell.com/links.html

STATISTICS

Santa Fe Association of Realtors property statistics

2002 Third Quarter Santa Fe Area

Existing and new, single family detached homes sales:

Total City of Santa Fe:

3rd Qtr 2002 230 sold, median price $241,250

3rd Qtr 2001 194 sold, median price $221,000

Total Santa Fe County

3rd Qtr 2002 228 sold, median price $272,000

3rd Qtr 2001 238 sold, median price $248,495

Condo/Townhome sales:

Total City & County

3rd Qtr 2002 141 sold, median price $185,000

3rd Qtr 2001 94 sold, median price $179,450

Duplex, Xplex:

3rd Qtr 2002 9 sold, median price $186,000

3rd Qtr 2001 4 sold, median price $221,250

Mobile/Manufactured:

3rd Qtr 2002 12 sold, median price $126,500

3rd Qtr 2001 13 sold, median price $110,000

Note: This representation is based in whole or in part on data supplied by the Santa Fe Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

Anthony Atwell, Qualifying Broker
tony@santafeone.com,
cell 505-501-2732, toll free 1-866-424-4848

Lou Frey, Associate Broker
lafrey@msn.com, cell 505-670-5001, toll free 1-888-700-9149

Maggie Steele, Associate Broker
maggie@santafeone.com, cell 505-670-7644, toll free 1-866-230-4848

Frank Cox, Realtor
frank@santafeone.com, cell 505-501-3116, toll free 1-888-700-5097

Hazel Cox, Realtor
hazel@santafeone.com, cell 505-501-3117, toll free 1-888-700-5097

Theresa Sanchez, Realtor
tsanchez@santafeone.com, cell 505-603-0247, toll free 1-866-867-4848

WEATHER & HABITAT

Average Temperature F, high/low: January 40/19, February 44/22, March 51/28, April 60/3 , May 69/43, June 79/52, July 91/57, August 91/56, September 74/49, October 63/38, November 50/27, December 41/20

Santa Fe averages 300 days of sunshine per year, 11.4 inches of rainfall and 32 inches of snow per year