Santa Fe Real Estate: Numbers Show Prices Up

By
Real Estate Broker/Owner with Hello Realty NM Broker License 16161
https://activerain.com/droplet/rjH

EmilyMedvec_SantaFe_Stock_CoyoteFence

November to November numbers always give me a good indicator as to any market shifts in play before the holidays, especially in Santa Fe real estate. Why? The holidays are when our city appears to just double in size with people. It feels like two months of Indian Market. Given this new landscape of real estate, it is important to step back and look at the numbers to get a handle on if what I see is actually really happening. From experience, it did appear home and land buyers were continuing to jump off the fence. In Santa Fe, this could be a coyote fence (shown here) which is not comfortable to be on in the first place. Here are is the number story for November 2011. If you are a buyer or seller still on the fence it is time to see what happened. Here are some important facts:

  • The total home sales volume increase 12% from $38.1 million in Nov 2010 to $42.8 million in Nov 2011.
  • The median price of homes in the city and Santa Fe County jumped EIGHT percent from $338,094 in Nov 2010 to $365,000 in Nov 2011.
  • The median price of condo and townhome sales jumped 29% from $229, 000 in Nov 2010 to $290,000 in Nov 2011.
  • The median price of land sales moved up 27% from $90,000 in Nov 2010 to $127,000 in Nov 2011.

What does this mean? Aside from all real estate everywhere being local, it does appear buyers of Santa Fe real estate are were more confident in the Santa Fe real estate market than 2010. This is good news for Santa Fe. It appears supply and demand is back and a normal market is taking shape. If you are a buyer or seller and now that it is mid-January, you might want to give me a call at 505-660-4541 to discuss your home buying or home selling plans for this new year. As Bob Dylan said, times are a changin!

---------------------------------------------------------------------------------------------

Posted by

Our Santa Fe real estate market is a local one. Search All Santa Fe Listings Here and get results in both an easy list or map search. If you want to see a SOLD sign on your property or you want to make a lifestyle change by moving here, call me at 505-660-4541 to schedule a real estate consultation. No one has time or money to waste in this new landscape of real estate online. I am available to help you and make a positive difference in your real estate experience. Remember dreams are made a reality only when you act on them. Emily Medvec

Today, I represent Sellers and Buyers in all price ranges in Santa Fe and throughout northern New Mexico. My focus is to use my experience, vision and strategies to find you opportunities and solutions. My goal is always to save you time and money whether you are selling or buying any type of Santa Fe real estate, including homes, land, town homes, condominiums, ranches and commercial property. Here are recent reviews from my past clients about my know-how and service. Until you are ready to Buy or Sell, let's connect and learn more about each other on Facebook or Twitter

Emily Medvec Copyright 2019 All Rights Reserved 2007-2019

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
New Mexico Santa Fe County Santa Fe
Groups:
Realtors®
Investors
Luxury Home Marketing
Posts to Localism
EXPRESS WITH PHOTOGRAPHS AT ACTIVERAIN
Tags:
november stats
santa fe real estate
emilymedvec
santa fe home prices
santa fe home buyers
santa fe home sellers

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
413,437

Emily Medvec Qualifying Broker

Realtor | Serving Santa Fe & Northern NM
Emily Medvec Sells Santa Fe Real Estate! Call/Text 505-660-4541
*
*
*
*
Spam prevention

Additional Information