Santa Fe Real Estate Scene
February 2004

Message from the Broker at Santa Fe One Realty

MLS fourth quarter 2003 statistics indicate median value in City of Santa Fe now at $280,000. Median value for Santa Fe County now at $325,000.

Do not allow home insurance to become a last minute priority when under contract. Upon escrow, verify seller has insurance coverage while under contract. Upon contract, buyer should immediately apply for insurance. Often times roof age, condition, fire prevention, and inspection must be verified before insuring. This all takes time.

Water rights in New Mexico become more valuable every year. This in turn affects the value of property. Always verify the type of water rights: community, private well, shared well, acequia/ditch, and other. If water rights are not clear to owner or buyer, have a New Mexico attorney specializing in water rights verify your water rights.

Water wells in New Mexico are common. Buyers should verify: well registration at State of NM Engineer's office, condition of well via well inspection, test the quality of the water, well agreement if any.

Featured Property:
3014 Governor Lindsey Rd, MLS 119418

Residential Property: $ 475,000

View this listing

Featured Property:
12 Camino Anastacio, MLS 119280

Residential Property: $ 716,500

View this listing

Buyer Tips

When financing, shop the Santa Fe mortgage brokers listed in this newsletter. Their initial financial pre-qualification process simply requires: a phone call, five minutes of your time to define your financial objectives, and your social security number. They will call or email you with a range of value in which you are pre-qualified to shop for your Santa Fe real estate.

If you have credit issues, mortgage brokers will have recommendations how to improve your credit score.

For land buyers, construction loans available where you purchase the land; then build within three years of the land purchase.

First time buyers and minority buyers, special programs available to help you qualify.

Make your mortgage call today, long term interest rates are at a 50 year low!

How do you spell the name of that town in Northern New Mexico?
Santa Fe One Realty services the City of Santa Fe and the following counties : Santa Fe County, Rio Arriba County, Mora County. Other cities and towns include: Santa Fe, Los Alamos, Espanola, Abiquiu, Medanales, Alcalde, Dixon, Pojoaque, Tesuque, Las Campanas, Nambe, Chimayo, El Dorado, Glorietta, Pecos, Hwy 285, Galisteo, Lamy, Hwy 14, Cerrillos, Madrid and more!

Seller Tips

Research your market value with a home market analysis. Ask you realtor for a complimentary CMA.

Price your home competitively if you want it to sell in a short period of time.

Have your realtor order a title binder from a title company of choice. Verify your title is clean and free of any liens. Clean title is essential to a clean closing.

Eliminate clutter inside and outside of the home. Buyers like clean and neat.

Make sure your realtor cross markets your media for best exposure of the listing: website, email, neighborhood mailings, real estate magazines, open houses.

Customer Alert
Take advantage of Santa Fe One Realty's complimentary services:

• Home Market Analysis, CMA
• Multiple Listing Service research, MLS
• Relocation Packages and Moving Tips

STATISTICS
Santa Fe Association
of Realtors
2003 Fourth Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
36 sold, median price $515,000
Northwest
22 sold, median price $275,500
Southeast
68 sold, median price $404,750
Southwest
104 sold, median price $229,500
Total City of Santa Fe
230 sold, median price $280,000

Santa Fe County

North
55 sold, median price $615,000
Southeast
93 sold, median price $346,000
Eldorado
52 sold, median price $328,750
Southwest
78 sold, median price $208,500
Total Santa Fe County
226 sold, median price $325,000

Total City of Santa Fe/Santa Fe County
456 sold, median price $306,500

Condo/Townhome  City and County
105 sold, median price $205,000
Duplex, Xplex  City and County
8 sold, median price $355,000
Mobile/Manufactured City and County
9 sold, median price $155,000

Note: The City of Santa Fe and Santa Fe County offer homes and land for all levels of buyers and sellers.

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.

FINANCE

NEW MEXICO WEEKLY QUOTES, NOW ON LINE!

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

Gary Miller, Citivest Mortgage
1-877-982-9530 toll free, garym@hubwest.com

Jim Gay, American Mortgage Company
1-888-663-4422 toll free, amtsantafe@aol.com

Troy Lepisto, Countrywide Loans
800-264-2114, 505-670-6390, 505-995-3138, Troy_lepisto@countrywide.com

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

Jobs in Santa Fe

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

Also:
http://www.santafehasjobs.com/
http://newmexicojobs.com/
New Mexico Department of Labor, 505-827-7434
Santa Fe Workforce Development Center
New Mexico State Personnel Office, 505-476-7777
Careers First, (505) 995-0404
Group Powell One, 505-982-2131
Kelly Services, 505-983-1303
Marcia Owen Associates, 505-983-7775
Office Team, 800-804-8367, 505-994-2556
Robert Half International, 505-982-6414
Santa Fe Services, (505) 984-8511

Santa Fe Resources

Government, Non Profit, Schools, Jobs, Media, Finance, Appraisal, Inspection, Title, Survey, Moving, Utility, Contractors & Construction, Wells, Design, Home Services, Property Management, Transportation, Hotels & Motels, Arts & Recreation.
Santa Fe Resources

If you cannot facilitate your inquiries, contact us and we will help you - info@santafeone.com