Santa Fe Real Estate Scene
June 2007

Broker Remarks

Buyers beware, credit standards have tightened up.

Sellers beware, more days on market.

Santa Fe buyers have many options to invest as inventories remain high.

Santa Fe is among the top 10 cleanest places to live according to the American Lung Association.

Status of the Santa Fe market

In column to right see median values by area and current sales.

MLS home statistics for Santa Fe & Santa Fe City Limits, May 2007:

Comments: Santa Fe, Single Family Home Market 5/07
Many more listings on the market, longer days on market, sold/list pricing remains strong on low end, softer on high end, buyers have many options to invest. DOM will wear down the sellers ultimately.
MLS, Single Family Home, Areas: 1-3,4N,4S,5-7,10-11,13-15,24-27

MLS Residential Land statistics for Santa Fe & Santa Fe City Limits, May 2007:

Comments: MLS 1-3, 4N,4S,5-7,10-11,13-15,24-2y. Residential lots, developed. Pricing remains strong, DOM does not seem to bother the sellers.

Tip of the Day – Call mortgage broker Gary Miller, Complimentary financial pre-qualification, 505-920-4239.

"Create Wealth Through Santa Fe Real Estate”
Call Broker Atwell Now, 505-670-2177

Click here to search the MLS.

Santa Fe Properties for Sale

338 ½ Camino Cerrito
Santa Fe, MLS 703337
b1920, remodel, 1723 sqr/ft, 2 bedroom, 2 bath, 2 kiva fireplace, walk to Canyon Rd, $795,000

538 ½ Hillside, Santa Fe, MLS 703847
Old Eastside Santa Fe charm – walk to plaza, vigas, latillas, stone fireplace, flagstone & wood floors, mountain views, parking for 10, 3600 APSF – sold in total or as 3-4 condos. This project for builder/investor, $1,125,000

1155 CR 33 La Mesilla, MLS 701126
2100 sqr/ft home and 1700sqr/ft garage-workshop, 500 sqr/ft workshop, .5 acres, borders Santa Clara Pueblo, $425,000

Cruz Blanca Court, Santa Fe, b2004, 3986 sqr/ft, 3 bedroom, 3 bath, 3.3 acres, $2,400,000

Nestled in some huge Ponderosa Pines, ten minute drive to the Santa Fe Plaza. This home has it all – 180 views of Santa Fe and Rio Grande Valley, privacy on 3.3 acres, gated community, security, five kiva fireplaces, covered deck with grill area, kitchen withkiva fireplace, flagstone flooring with radiant heated, plastered walls, wired for the latest entertainment centers, and more!

Click image above right to view more information and an online video clip

6 Praire Vista, Santa Fe, b 2003, 1600 sqr/ft, 3 bedroom, 2 bath, 2.51 acres, horses allowed, $459,000

6433 Cerros Grandes Dr, Santa Fe, b 2004, 2106 sqr/ft, 4 bedroom, 3 bath, .29 acre, $375,000

Listing Tips

• Complimentary Home Market Analysis
• Complimentary Pre Listing Package
• Strategic Internet Presence
• Proven Marketing Campaigns
• Consistent and Responsive Communication
• Pricing and Negotiation Strategies
• Seller Tips, see http://www.santafeone.com/articles/sellers.html

Real Estate benefits versus Stock benefits

1. Real estate is far less volatile than the stock market.
2. Real estate has superior tax benefits.
3. Real estate can generate significant cash flow.
4. Real estate allows investors a high degree of leverage with lower risk.
5. Real estate appreciates because housing is a universal need, long term growth trend as populations grow and resources shrink.

Statistics

Existing and new single family detached home sales:

City of Santa Fe (MLS codes)

Northeast, 01
16 sold, median price $850,000
Northwest, 02
10 sold, median price $373,125
Southeast, 03
31 sold, median price $625,000
Southwest, 04, 04N, 04S, 13
85 sold, median price $275,000
Total City of Santa Fe
142 sold, median price $354,125

Santa Fe County

North, 15, 16
11 sold, median price $625,000
Northwest, 24, 25
43 sold, median price $815,000
Southeast, 05, 07, 08, 10, 14, 26
53 sold, median price $475,000
Southwest, 06, 11,12, 27
48 sold, median price $380,000
Eldorado, 14
29 sold, median price $411,000
Total Santa Fe County
197 sold, median price $425,000

Condo/Townhome  City and County
85 sold, median price $311,250
Duplex, Xplex  City and County
6 sold, median price $702,500
Mobile/Manufactured City and County
7 sold, median price $190,000

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, Santa Fe Mortgage Source
1-877-982-9530 toll free, gary@santafemortgagesource..com

Chuck Watkins, The Watkins Group,
505-989-9900,
charles@watkinsgroup.biz

Patrick Baldonado, First National Bank of Santa Fe,
505-992-2266,
PBaldonado@1stnationalbanknm.com

Whitney Smith, Wells Fargo Home Mortgage,
505-319-1908,
whit.smith@wellsfargo.com

Troy Lepisto, Countrywide Home Loans
505-995-3138,
Troy_lepisto@countrywide.com

Interest rates, 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

Inside Santa Fe www.insidesantafe.com
Santa Fe Visitors Guide, www.santafe.org

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

RE/MAX Capital Realty services: 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!