Santa Fe Real Estate Scene
2nd Quarter 2008

Broker Remarks

Santa Fe Buyers - I have worked in the Santa Fe market for 17 years and 2008 is the first year we have ample inventory and motivated sellers.

Baro Shalizi, 2008 President of the Santa Fe Association of Realtors notes, "Price reductions in every market area of the city and in the SE county."

Are you ready for long term investment stability? Then consider Santa Fe. Even in this price correction,Santa Fe real estate values continue to grow on an annual basis. Our market is driven by tourism and retiring boomers searching for a small sophisticated town with moderate weather.

If you have to sell before you invest in Santa Fe, use an experienced agent in your market who understands internet marketing and buyer incentives.

Tip of the Day – Call mortgage broker Gary Miller, American Capital Mortgage, for your complimentary financial pre-qualification, 505-920-4239, gary@acmsantafe.com

MLS home statistics for Santa Fe & Santa Fe City Limits, 2st Qtr 08:

Santa Fe Sellers - Pay attention and take action!
Fewer buyers in the market, record levels of inventory 300K-500K.
Price to sell, Price under the median value.
Focus on: presentation, buyer incentives, internet marketing. 80% of today’s buyers on the internet looking for real estate.

"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

Cruz Blanca Court, Santa Fe, b2004, 3986 sqr/ft, 3 bedroom, 3 bath, 3.3 acres, $1,750,000 – Price Reduced

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

3470 Via Janna, Santa Fe
MLS 708543, 2484 sqr/ft, 3 bdm, 2bth, 2 garage,
2 fireplace, patio, cul-de-sac, 10 minutes to downtown
$660,000

Click image at right to view more listings

4227 Twin Yuccas, Santa Fe
MLS 708541, 1283 sqr/ft, 3bdm, 2bth, 1 car garage, fireplace, landscaped, upper deck
$310,000

Click image at right to view more listings

2205 Miguel Chavez, Ste E, Santa Fe
MLS 801113, commercial condo, OB/GYN doctor office, OSHA certified, 4 exam rooms, 2 offices, handicap bathroom, lab, reception area, storage, 1760 sqr/ft, 8yrs old, $610,000

Click image at right to view more listings 

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
15 sold, median price $710,000
Northwest, 02
4 sold, median price $288,875
Southeast, 03
34 sold, median price $588,054
Southwest, 04, 04N, 04S, 13
85 sold, median price $264,000
Total City of Santa Fe
138 sold, median price $301,500

Santa Fe County

North, 15, 16
4 sold, median price $1,997,174
Northwest, 24, 25
27 sold, median price $839,000
Southeast, 05, 07, 08, 10, 14, 26
37 sold, median price $490,000
Southwest, 06, 11,12, 27
35 sold, median price $305,515
Eldorado, 14
21 sold, median price $349,000
Total Santa Fe County
241 sold, median price $353,900

Condo/Townhome  City and County
61 sold, median price $230,000
Duplex, Xplex City and County
0 sold, median price $702,500

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.

Frank Sena, SW Home Loans, 505-474-6864, swhomeloans@yahoo.com, www.swhomeloans.com

Gary Miller, American Capital Mortgage, 505-920-4239 , gary@acmsantafe.com

Steve Coffman, New Mexico Bank and Trust, 505-946-2524, scoffman@nmb-t.com

Troy Lepisto, Countrywide Home Loans
800-264-2114, 505-984-0297
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!