Santa Fe Real Estate Scene
November 2004

Message from the Broker at Santa Fe One Realty

Is the Housing Boom Over ?

The national housing market is losing touch with reality. After years of growth, fueled by cheap financing, prices continue to soar. The gap between home values and underlying fundamentals such as personal income and job growth are greater than ever. It appears America now is in an emotional driven market where people are buying on the expectation of future appreciation. It reminds this broker of the last stock market bubble and crash.

Which markets appear at risk for devaluation ? New York, Washington, Virginia, Boston, Miami, Fort Worth-Arlington, Los Angeles, San Diego, Portland-Vancouver.

Other facts at hand in these inflationary markets:

• Historically high volume of real estate deals that cannot last forever.
• Soaring Property taxes
• Stable home rental rates and a high volume of rentals now available.
• Rising budget deficits, weakening dollar, high oil prices which will force higher interest rates sooner rather than later.

(Further Information see, Fortune Magazine, Sept 20, 2004, p. 91)

What about Santa Fe and Northern New Mexico's real estate Market?

Santa Fe is the most affordable destination resort in the United States.
New Mexico's property taxes are some of the lowest in the country.

Call or email today for your free listing research. Toll free, 866-264-4848 or tony@santafeone.com

Featured Property:
38 Droege Rd

Residential Property: 38 Droege Rd $720,000

View this listing

Featured Property:
6341 Milagro Luna

Residential Property: 6341 Milagro Luna $228,000

View this listing

Seller Tips

Selling a home in Santa Fe, Eldorado, or Los Alamos? Anthony Atwell and Christon Holtzman are committed to producing great results. When you're ready to sell your home, we're the team that will lead the way.

• Free Home Market Analysis, Call Now
• Free Strategic Home Sellers Guide, Call Now
• Listing Team for Fast and Effective Sale of Your Home
• Strong Internet Presence for Out-of-Town Shoppers
• Proven Direct Mail and Advertising Campaigns
• Open House Warmings
• Consistent and Responsive Communication
• Pricing and Negotiation Strategies
• Over Twenty Million in Sales

>Call Direct 1.866.322.0173

We will partner with you throughout this important process. We'll keep it simple. We'll keep you informed and we'll sell your house fast, at the right price.
Thank you.

See Seller Tips http://www.santafeone.com/articles/sellers.html

Buyer Tips

Finance Pre-Qualification is nothing to fear. Call 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. Run your credit report today so you can begin the process of eliminating debts already paid, and contest debts on your credit report that may not be real. Keep in mind paying your credit cards in a timely manner and reducing credit card dept to 20% of your credit limit will help your score.

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

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

See Buyer Tips http://www.santafeone.com/articles/buyers.html

STATISTICS
Santa Fe Association
of Realtors
2004 Third Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
42 sold, median price $530,500
Northwest
15 sold, median price $315,000
Southeast
70 sold, median price $486,000
Southwest
107 sold, median price $250,000
Total City of Santa Fe
234 sold, median price $341,950

Santa Fe County

North
48 sold, median price $655,000
Southeast
79 sold, median price $357,000
Eldorado
44 sold, median price $319,500
Southwest
113 sold, median price $235,000
Total Santa Fe County
240 sold, median price $315,250

Total City of Santa Fe/Santa Fe County
474 sold, median price $329,159

Condo/Townhome  City and County
187 sold, median price $193,000
Duplex, Xplex  City and County
17 sold, median price $375,000
Mobile/Manufactured City and County
24 sold, median price $116,000

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 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

Francis Phillips, Delta Mortgage
505-690-7251, francisphillips@qwest.net

Interest rates on 11/2/07:
30yr fixed rate 4.84%
15 yr fixed rate 4.68%
1 yr adjustable rate 3.25%
1 yr adjustable rate 3.25%
See www.Bankrate.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/

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

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, Rio Chama, Rio Grande, Pecos River and more!

Are you ready to Buy or Sell a property?
Get professional help from a Real Estate Broker who understands service!
Anthony Atwell, Jr. - ABR, Broker, Epro
tony@santafeone.com, cell 505-670-2177, toll free 1-866-264-4848
Santa Fe Real Estate Scene, November 2004
Published by Santa Fe One Realty
http://SantaFeOne.com