Santa Fe Condo Market 2010

By Anthony • June 9th, 2010

The Santa Fe, New Mexico condo market 2010 is full of deals after the market correction of 2009. Currently there are 383 active condo listings in the city, ranging in value from $68,000 to $3,200,000.

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Absorption Rate / DOM – Currently 2 condos under contract in Santa Fe, and 83 condos sold in past six months. On average, 14 condos sold per month in past 6 months, that means the absorption rate of current inventory will require approximately 27 months to sell, that is 2.28 years of existing inventory.

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NE, SE Santa Fe – these condos are walking / biking distance to downtown Santa Fe. Many neighborhoods are zoned Historical. There are 243 active condo listings, ranging in price from $185,000 to $3,200,000.

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NW Santa Fe – This area is in biking distance or a 5 minute drive to downtown. There are 35 active condo listings, ranging in price from $145,000 to $575,000

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SWS Santa Fe – This area is in biking distance or a 15 minute drive to downtown. There are 105 active condo listings, ranging in price from $68,000 to $399,000.

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For more information on Santa Fe condo and town home listings, contact Anthony Atwell, or email tony@santafeone.com.

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Copyright © 2009 Anthony Atwell