Santa Fe County, NM Real Estate News

By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
A homeowner's decision to sell their home begins with a lot of  concerns often causing a homeowner to stress and certainly procrastinate. You may begin by thinking selling "AS IS" is faster, easier and can avoid other issues that accompnay seeling a home. From a seller's standpoint, "as is" means the buyer will purchase the home in its current condition without asking for any repairs.  While it is convenient for the seller to take this approach, the normal trade out is the property will not result in the highest possible sales price.Regardless of how the home is sold, the New Mexico home seller is required to disclose all defects which include repair history, condition of systems and appliances, water damage, pest infestation, radon, and other things that affect the value and livability...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Dear Homeowner, I want to let you know that 2404 Maclovia Circle located in the much sought-after Casa Alegra Santa Fe neighborhood JUST SOLD!Are you aware that home sales over the last 12 or even 6 months within 2 miles of your Santa Fe NM home AFFECT your home's value? If you have any questions about your home's value after you or are even wondering about selling you home, for your instant home value at no cost or obligation click here.Or if you want to see current market statistics for the 87505 zip code then click here and enter the zip code. Stats may include valuable information such as average listing price, price reductions, new listings, etc. Instantly view the current report and subscribe to receive monthly updates to stay current on changes to the areas.PS. You can get more i...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Yes, spring has arrived in Santa Fe NM with gorgeouos blue skies!  Along with our Spring winds come the buyers. But with recent shifts in real estate financing, this year’s spring housing market may be different from the frenzy of the past several years. However, due to low inventory, you may be blessed with competitive offers. In order to sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips: 1. Make Sure You Give Buyers Access One of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ access to view it. If it’s not accessible, it could cost you by sitting on the market ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Emily Medvec knows Santa Fe real estate and when it is time to Buy, Sell or Hold.If you’ve ever been in a Monopoly game after most of the properties have been purchased and developed, it can be a relief to land on Free Parking, knowing the dice must rotate to the next player giving you a respite from paying rent. Like the game, in real life, it would be nice to avoid paying rent and even better to have people paying you rent for property you own. Learn more about affordability vs rent here with one click.Winning in the game of Monopoly is all about investing. If you travel around the board, trying to buy the ultimate property and pass Go to get another $200, you’re missing the opportunity to purchase good properties along the way that could lead to upgrading into your dream home. Search...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
 Dear Homeowner, I want to let you know that 320 Calle Estado located in the Loma Encantada northside neighborhood JUST SOLD!Are you aware that home sales over the last 12 or even 6 months within 2 miles of your Santa Fe NM home AFFECT your home's value? If you have any questions about your home's value after you or are even wondering about selling you home, for your instant home value at no cost or obligation click here.Or if you want to see current market statistics for the 87501 zip code then click here. Stats may include valuable information such as average listing price, price reductions, new listings, etc. Instantly view the current report and subscribe to receive monthly updates to stay current on changes to the areas.PS. You can get more info about this Sold Home at 320 Calle Es...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
1405 Second Street, Santa Fe, NM Get Directions Click Here Description Photos Real Estate Reports for Home Owners, Sellers & Buyers! Maps & Local Schools Print $ Click for current price 2 BEDROOMS | 1 ¾ Bath BATHROOMS | 1400 SqFt This fine contemporary Santa Fe home is new on the market for the lst time! It is more than a home. It is a live/work or a easy to short term rental property as well. It is a professionally designed Santa Fe contemporary home, once featured in the Santa Fean magazine in 2008. Its open concept is designed for living and working and entertaining. It features a chef’s kitchen with stainless steel appliances, open dining area, spacious light-filled great room, high ceilings, concrete, tile and bamboo flooring, radiant in floor heating, separate primary bedroom, on...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. Program                                                  Rate                                 APRConforming 30 Year Fixed                     6.5%                                  6.567%Conforming 15  Year Fixed                     5.500%                              5.608%Jumbo 30 Year Fixed                               6.250%                              6.280%Jumbo 15 Year Fixed                                6.250%                              6.406%FHA 30 Year Fixed                                    6.250%                               7.333%VA 30 Year Fixe...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Today's housing market in Santa Fe, New Mexico is absolutely nothing like it was 15 years ago --- both in Santa Fe and nationwise. There’s no doubt today’s housing market is very different than the frenzied buying and selling of real esatate in the pandemiic housing boom. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences. In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle: Looking at the those facts, it’s ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. Program                                                         Rate                                     APRConforming 30 Year Fixed                         6.625%                                 6.07%Conforming 15  Year Fixed                         6.000%                                6.128%Jumbo 30 Year Fixed                                  6.375%                                  6.417%Jumbo 15 Year Fixed                                   6.375%                                  6.551%FHA 30 Year Fixed                                       6.250%              ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Avoid the Santa Fe Rental Trap in 2023Are you a renter in Santa Fe, New Mexico? If so, you likely face an important decision this year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward, especially in our rental market. Here a 2BD 2BA apartment rental in one of the new buildings that popped up over Santa Fe during the pandemic ranges from $1800 to $2200 a month! In the past year, both current renters and new renters have seen their rent go up based on information from realtor.com: “Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
What's happening in Santa Fe, New Mexico as this 2023 New Year begins. There are many events and performances to enjoy after a day at Ski Santa Fe which is located only 16  miles north of the Historic Plaza. As we roll into 2023, here is what to look forward to in  our city in January: Pink Martini, R.E.S.P.E.C.T, Aaron Diehl Trio and Jason Marsalis, The Modern Jazz Quartet, Mireya Ramos, Danish String Quartet, The New Mexico Hip Hop Awards, An Evening With Lyle Lovett and more. Learn more and get tickets here at Santa Fe's Lensic Theater. Leaving the Santa Fe Ski Basin just before sunset you can expect to see one of these sunsets which seem to be a regular gift to all those who live and live Santa Fe over nearly every early evening. Now if you know you love Santa Fe and want to see the...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
            6113 Vuelta Ventura Santa Fe NM 87507 FOR SALE - Imagine This Deal! 4 BD 2 BA 1430 Sq Ft w/one car garage conversion on .1 ac lot with easy access to everything important in Santa Fe from Presbyterian Hospital, Restaurants, Shopping, Local Businesses, Santa Fe Community College and More. Home Features include: Evaporative Cooling, Skylights, Large Kitchen with gas range, Remodeled Bathrooms, Tile and Wood (Laminate) Flooring and MORE                           Easy Access to 599 for commute to Los Alamos Lab                        Seller Credit Offered To Help Buyer Lower Mortgage Rates Virtual Tour News Flash: Santa Fe market cooling off in recent weeks. This destination remains an opportunity for investors and buyers alike. This week the median list price for Santa Fe, New ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
This 2022 holiday season, if you’re a Santa Fe, New Mexico homeowner, odds are your equity has grown significantly during the pandemic housing boom as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. This article is a resource to help you understand how much home equity you have and advise you on some of the ways you can use it.  Here are a few examples. 1. Buy a Home That Fits Your Needs If you no long...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Lamy, New Mexico is only 18 miles south of Santa Fe, New Mexico. The Amtrak Southwest Chief train stops at the Lamy station. Imagine living in Lamy and taking the Amtrak Southwest Sky Chief to Chicago or Los Angeles. Lamy is a small community within Santa Fe County offering a rural surburban lifestyle while connected to Amtrak and Starlink and a short 25 minute drive to the Santa Fe Plaza.Named after Archbishop Jean-Baptiste Lamy, the community began as a railroad town in the 1880s and lies within the Spanish Land Grant. The Lamy Station, now a landmark, began as a railroad depot for the Atchison, Santa Fe, and Topeka Railway. The railway was included "Santa Fe" despite the fact the engineers at the time could not build the tracks to deliver the train to Santa Fe, making Lamy what it is...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Winter comes to Santa Fe, New Mexico and brings colder temperatures, snow and fun skiing. Typically, this happens in December, January and February. Winter here is over all fairly pleasant with blue skies and sunshine following snowy days. The average temperatures in winter range from of low of 19 degrees to a high of 49 degrees. Our Santa Fe houses do not automatically adjust to winter. Here are some tip reminders to help you easily transform your house into an efficient winter home. Check your flat roof and remove leaves and branches. Cut back overhanging tree limbs. Engage a licensed roofing professional to inspect for any holes or indentations and the sealing caulking around the roof parapets, where roof material connects with stucco.  Repair any windows with cracks, broken panes or...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Keep reading as there is an answer to your blank screen! Yes, it’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says:“The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.”That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity you truly have. And what happens, when our local real estate market shifts?The National Association of Realtors (NAR) has done a study to calculate the typical equity gains over longer spans of time. The data they compiled could be enough to motiv...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Do You Have Questions About Selling Your SANTA FE NM Home In Winter?Yes, winter is coming to Santa Fe New Mexico and there is currently a market shift happening this season. Both things do make you wonder it it makes sense to sell your house. Here are three of the top questions you may be asking – and some facts that helps answer them – so you can make a more informed decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory growth into perspective. Using data from the National Association of Realtors (NAR), it shows just how far off we are from flipping to a buyers’ market: While buyers have regained some negotiation power as invento...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Land like this is not made forever. Imagine this place for creating your dream hacienda and Santa Fe lifestyle where you can enjoy dramatic sky and panoramic views forever. This luxury equestrian 12.34 acres of natural beauty is new on the  market in a small gated community with water and Starlink at 19 Del Charro Road, Lamy New Mexico  87540 (in Santa Fe County).Click Here for 19 More Images and Virtual TourHighlights: Panoramic 360 degree mountain range Views, Small Gated Community of 10+ acre deed restricted lots, Eldorado community water service, water meter in place, electric to lot line, STARLINK available, equestrian lot for your dream home, guest casita and horses.Improvements: Driveway in Place, Two choice building sites. Amenities: Rural residential HOA Free Community, Reasona...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Even though the top 2022 housing market headlines predicted a crash or a housing bubble burst for 2022, I think this terrier has the right idea about bubbles...they are poofy! Without dismissing buyer and seller fears fueled by media, here are some important realities and facts from housing economists, who are typically pessimistic, to seriously consider. This is not 2009 or a housing bubble 2.0.  A market correction is not the same as a crash or bubble burst. Historically LOW home inventory or 3,000,000 million homes short of meeting buyer demand according to Freddie Mac estimates Buyer demand is still consistent and adjusting due to rapid increase in mortgage interest rates and nearly doubling of them since January 2022.  Mortgage rates are substantially different today. This terrier ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
In 2022, being prepared for a wildfire is year-round in Santa Fe NM is beyond important, especially when your neighbor is the Santa Fe National Forest! This image from the spring of 2022 is of the Sangre de Cristo Mountain Range and Hermit Peak/Calf Canyon fire.  This view is from my neighborhood, the Vista Encantada S/D. Although this fire was not in Santa Fe County or the City of Santa Fe, the fact it happened changed the risk factors for a wildfire in many Santa Fe neighborhoods. This has changed both the availability and cost of home hazard insurance. Unfortunately, having a conversation about the wildfire risk in a particular neighborhood was not on the minds of many buyers, sellers or their Realtors and Brokers in the past Hot Market. Why?Until this past spring, being a fire-adapt...
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