Santa Fe NM: First Quarter 2017 Real Estate Takes Off!

By
Real Estate Broker/Owner with eXp Realty LLC NM Broker License 16161
https://activerain.com/droplet/544x

Santa Fe Association of Realtors - news release  Santa Fe home sales statistics for the lst Quarter of 2017 show UPWARD shift in our Santa Fe real estate market and trends which appear to be heating up in some areas and flying off the MLS in others. The bottom line is the lst Quarter 2017 takes off with the upward shift in both sales and prices. In fact, the market continues to have a record low number of inventory homes looking back for the past 10 years! 

Santa Fe Real Estate 2017 Stats Emily Medvec

  • Total Santa Fe home sales increased by 16% with 458 units sold this quarter compared to 395 units sold in the lst Quarter of 2016.
  • City of Santa Fe home sales increased by 26% with 196 units sold this quarter compared to 155 units in the lst Quarter of 2016.
  • Santa Fe County continued to reveal a different result. Home prices fell by 8% this quarter compared to 2016 or from $434,250 in the lst Quarter of 2016 to #399,900 in the lst Quarter of 2017.
  • Condos and townhome sales are showing some heat. The median price of condos and townhomes rose by 7% from $210,000 in the lst Quarter of 2016 to $225,000 in the lst Quarter of 2017. Total sales of condos and townhomes jumped by 15% in the lst Quarter of 2017 for a total of 100 units sold compared to 87 units in the lst Quarter of 2016.
  • New Inventory remains at a historic low with only 1,461 homes on the market in the lst Quarter of 2017. This continues to make Santa Fe property owners optimistic as we move into the 2nd quart
  • Overall, the home sale data reflected another JUMP in the volume of both city and county home sales increased fro $146.5M in the lst Quarter of 2016 to $168.9M this quarter.

What I see in these numbers is people are buying more than thinking about Santa Fe real estate again. This is a sign our market is beyond the period of "recovery" we have experienced for years. If you are thinking about selling you property or purchasing a primary or 2nd home, let's talk. Afterall, if not now, when?

 

 

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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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Rainmaker
1,283,614
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Always interested in the reports provided by AR members across the U.S., Emily Medvec ... seeing who is healing still .. or experiencing an upward or downward trend.  Glad to see that your local Santa Fe market has improved ... and that you are reaping the benefit of that improvement.

Marilyn and I are seriously considering heading down your way sometime this Fall .. will let you know if that comes to fruition!

Gene

Apr 19, 2017 01:04 PM #1
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's important data for home buyers and sellers in the Santa Fe, New Mexico real estate market place.

Apr 20, 2017 12:40 AM #2
Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Apr 20, 2017 03:29 AM #3
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Love santa fe and knew that even with the meltdown people were expecting  Santa Fe to be cheaper becasue their market was and that was not so.

Apr 20, 2017 11:17 AM #4
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Emily  - it great information for buyers and sellers. There seems to be so many areas now with limited inventory. 

Apr 21, 2017 09:49 AM #5
Rainmaker
1,377,444
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Great time to be a seller in Santa Fe!

Apr 22, 2017 08:09 AM #6
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Emily Medvec

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