Santa Fe NM: Real Estate Stats For Sellers and Buyers

By
Real Estate Broker/Owner with Hello Realty NM Broker License 16161
https://activerain.com/droplet/52sb

Santa Fe Association of Realtors - news release of overall City and County of Santa Fe home sales statistics for the last quarter of 2016 tells the story of another shift in our Santa Fe real estate market and trends which appear to be looking up!

  • Home sales increased by 16% with 388 units sold the last quarter of 2016 compared to 336 in the last quarter of 2015.  (This increase appears to be continuing as Santa Fe experiences low inventory in 2017).
  • The Santa Fe City median home price leaped 13% from $300,250 in the 4th quarter of 2015 to $339,928 in the last quarter of 2016. (If this trend continues more homeowners may decide to put their houses on the market in 2017).
  • Santa Fe County revealed a different result. Home prices fell by about 10% in the last quarter of 2016 compared to 2015 or from $449,500 in the 4th quarter of 2015 to $402,500. And at the same time, home sale in Santa Fe County did experience some heat and rose by 20% from the 4th quarter of 2015 to the 4th quarter of 2016.
  • Overall, the home sale data reflected a JUMP in both City and Couty total sales increasing from $161.7 Million in the 4th quarter of 2015 to $189.9 Million a the end of the last quarter in 2016.

Remember, numbers and stats are only part of the story about our community and real estate market. In my experience, numbers are only part of the decision as to why someone like you will either decide to sell your Santa Fe home or purchase a primary or 2nd home in Santa Fe. What I do see is that these stats are making people think about real estate again and this is a sign our market beyond the state of recovery we have had for years.  

If you are thinking about selling or buying a Santa Fe home, townhome or condo, then let's talk about your next move. It looks like our first quarter 2017 Santa Fe City and Santa Fe County home sale stats are expected to continue these upward trends. Stay tuned and be informed! Why? Our market has low inventory!

 

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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

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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Emily excellent market update on the Sante Fe market. Buyers and sellers would be wise to call the local expert - YOU - when thinking of buying or selling a home.

Mar 23, 2017 05:21 PM #1
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Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Thank you for kind words, Anna Banana Kruchten! Your market is a good feeder to ours too.

Mar 23, 2017 06:16 PM #2
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

So interesting to see what is happening in your market too Emily!

Mar 24, 2017 04:49 AM #3
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I remember talking to Santa Fe agents after the meltdown about how second home buyers who had to sell for less in their own markets were expecting Santa Fe to do the same but that didn't happen. Haven't been there in awhile but thinking about a trip this year.

Mar 24, 2017 08:03 AM #4
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Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Joe, much of our condo market was hit more due to the government requirements on warrantable condos for buyers who needed financing to purchase than the asset correction. If the condo complex was NOT warrantable prices did drop substantially for homeowners that had to sell. Today condos in the downtown area continue to appreciate in value for warrantable complexes. If the complex still has more investors than owner occupied, then there remains a challenge for the seller. As for your visit, let me know when you are coming. It would be great to organize some referrals as I do get calls from OK residents on a regular basis. Just closed on in February. 

Mar 24, 2017 08:30 AM #5
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Excellent representation of market stats. Knowing these trends will help buyers and sellers with their pricing strategy.

Jul 10, 2017 08:10 AM #6
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