Santa Fe Real Estate Stats July 2010
The latest MLS statistics indicate a surge in Santa Fe home sales -
from 214 units in the 2nd Quarter of 2009 to 299 units in the 2nd Quarter 2010. That is a 29% jump in home sales!
For home buyers this means our small Santa Fe home inventories will shrink sooner rather than later, then prices rise. This is especially true in Santa Fe, since there are very few new homes now under construction as commercial credit has become increasingly difficult to obtain.
For sellers these statistics indicate many of the homes that sold were below median values. Good news that there are now more sold comps, or this would have forced appraised values even lower. If you sell in today’s Santa Fe marketplace, you have to: price very competitive, keep the home in excellent condition, and offer buyer benefits.
Condo sales remain very flat. Many opportunities for investors, but most Santa Fe homes are better long term investments.
Land sales remain extremely flat and prices continue to fall lower. There are some great deals along the Las Campanas golf course and everywhere else.
See my latest video on the Santa Fe Real Estate Market.
MLS Statistics
2nd Quarter 2010
Santa Fe Association of Realtors
2nd Quarter 2010
Santa Fe Association of Realtors
Homes
Total Sold 150
Median Price $288,000
Volume $60,087,790
Santa Fe County Homes
Total Sold 179
Median Price
$375,125
Volume
$87,335,886
Condo/Townhomes
City & County
Total Sold 58
Median Price $238,500
Volume
$15,198,099
City Residential Land
Total Sold 13
Median Price
$175,000
Volume
$2,430,399
County Residential Land
Total Sold 14
Median Price
$159,000
Volume
$2,809,750
Based on recorded sales from the Santa Fe Association of Realtors MLS. SFAR does not guarantee nor is in any way responsible for its accuracy. SFAR date may not reflect all real estate activity in the area.
Associate Broker, Santa Fe Realty Partners
Serving You Santa Fe Lifestyle and Santa Fe Real Estate for 20 years.
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