Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data may not reflect all real estate activity in the market area.

Santa Fe Market UpdateFirst Quarter 2016

SANTA FE BROKERAGES

Washington Avenue Brokerage | t. 505.988.8088

Grant Avenue Brokerage | t. 505.988.2533

East Palace Brokerage | t. 500.982.6207

sothebyshomes.com/santafe

Santa Fe, NM | mls: 201601329

Number of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single Family, Condos, and Townhouses) for the First Half of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

A MESSAGE FROM OUR QUALIFYING BROKER:

Gregg Antonsen, t: 505.988.2533 | gregg.antonsen@sothebyshomes.com

According to The Santa Fe Association of Realtors MLS, sales during the first quarter of 2016 for

single-family homes, townhouses and condos in Santa Fe continued at a moderately increased

pace compared to the first quarter of 2015, with number of closed sales up 1%. Both average and

median prices were up slightly – all indicators of the continuation of a steady, healthy market.

Throughout the first quarter of 2016, 80% of all sales continued to be under $500,000. On the

other end of the scale, sales from $1M-$2M were up significantly with 29 closed sales in the first

quarter of 2016 compared to 17 closed sales in the first quarter of 2015 – an impressive increase

of 71%. Days on market in the $1M-$2M range were down 12% while listing inventory in the above $1M segment actually

increased 13%. This segment of the market will continue to be interesting to follow as we enter the summer season.

Late spring and summer bring an exciting atmosphere, festivals, cultural attractions and an abundance of tourists to The

City Different. As the leading real estate firm in Santa Fe, Sotheby’s International Realty wishes to extend a warm welcome to

those visiting and planning a visit to our captivating corner of the world. The brokers affiliated with Sotheby’s International

Realty welcome the opportunity to introduce you to some of the very best Santa Fe has to offer in terms of housing – for

those wishing to relocate as well as to those seeking the most alluring and inviting vacation homes on the market. Contact

any one of our three offices for more information or visit us at www.sothebyshomes.com/santafe.

231 Washington AvenueSanta Fe, NM 87501t: 505.988.8088

326 Grant AvenueSanta Fe, NM 87501t: 505.988.2533

417 East Palace AvenueSanta Fe, NM 87501t: 505.982.6207

SANTA FE BROKERAGES | sothebyshomes.com/santafe

FIRST QUARTER ACTIVITYNumber of Units Sold, Average DOM, and Average Sales Price for Residential Listings Sold

in All Areas for All First Quarters of 2006 through 2016

870 EAST ALAMEDAMLS 201601179 | $920,000

This enchanting historic compound includes a

light-filled two-bedroom main home, a one-bedroom

guesthouse, wonderful outdoor living areas, mature

landscaping, fruit trees, and flower beds.

Judith Ivey

505.984.5157

FEATURED LISTINGS

67 CIELO TRANQUILO COURTMLS 201601037 | $1,000,000

An elegantly finished custom home on 12.5 acres

with gorgeous mountain views and sunsets. Three

bedroom suites, a beautiful living room, an open

kitchen and family room.

Lois Sury - CRS, ABR

505.984.5156

11125 DOUBLE EAGLE | ALBUQUERQUEMLS 201600978 | $849,000

Designed for stylish modern living and entertaining,

this Tanoan home offers two luxurious master

suites, three guest bedrooms, two spacious living

areas, a formal dining room, and an outdoor kitchen.

Marsha Adams

505.261.6469

sothebyshomes.com/santafe

SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSALES

FIRST QUARTER AVERAGE & MEDIAN SALES PRICES

YEAR AVERAGE SALE PRICE MEDIAN SALE PRICE

2006 $431,593 $345,0002007 $478,960 $380,0002008 $436,673 $310,0002009 $409,115 $324,5002010 $384,788 $300,0002011 $453,183 $300,0002012 $406,306 $295,0002013 $351,452 $278,5002014 $380,603 $280,4002015 $370,570 $270,0002016 $398,642 $293,500

FIRST QUARTER CLOSED SALES

PRICE RANGE 2014 2015 2016 % Change(2015 v 2016)

UP TO $249,999 210 214 192 -10.28%

$250,000-$499,999 156 171 202 18.13%

$500,000-$749,999 54 63 50 -20.63%

$750,000-$999,999 34 19 15 -21.05%

$1-$2 MILLION 20 17 29 70.59%

ABOVE $2 MILLION 2 3 4 33.33%

FIRST QUARTER AVERAGE DAYS ON MARKET

PRICE RANGE 2014 2015 2016 % Change(2015 v 2016)

UP TO $249,999 179 178 162 -8.99%

$250,000-$499,999 174 165 159 -3.64%

$500,000-$749,999 253 209 212 1.44%

$750,000-$999,999 225 360 162 -55.00%

$1-$2 MILLION 176 230 202 -12.17%

ABOVE $2 MILLION 56 208 340 63.46%

SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES

LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY

PRICE RANGE 2014 2015 2016 % Change(2015 v 2016)

UP TO $249,999 266 199 128 -35.68%

$250,000-$499,999 359 304 248 -18.42%

$500,000-$749,999 169 172 190 10.47%

$750,000-$999,999 136 111 96 -13.51%

ABOVE $1 MILLION 209 178 202 13.48%

FIRST QUARTER SALES BY PRICE RANGE 2015 2016

Up to $249,999

$250,000-$499,999

$500,000-$749,999

$750,000-$999,999

$1-$2 Million

Above $2 Million

PRICE RANGE 2015 2016

UP TO $249,999 44% 39%

$250,000-$499,999 35% 41%

$500,000-$749,999 13% 10%

$750,000-$999,999 4% 3%

$1-$2 MILLION 4% 6%

ABOVE $2 MILLION 1% 1%

RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES

Values for residential solds by month are for all property types including single family homes, townhouses, condominiums, duplexes, manufactured homes, mobile homes, modular homes, and x-plexes. All statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data may not reflect all real estate activity in the market area.

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 1340028 | $1,400,000

LOS ANGELES, CA | Web: 0027250 | $1,495,000

HOUSTON, TX | Web: 1232615 | $1,395,000

RESORT MARKETS

MALIBU, CA | Web: 1300163 | $1,395,000

EAST HAMPTON, NY | Web: 0046977 | $1,599,000

SANTA BARBARA, CA | Web: 0113999 | $1,349,000

FOREIGN MARKETS

COSTA RICA | Web: 25TT62 | $1,500,000

INDIA | Web: 6NGQH2 | $1,495,998

MEXICO | Web: 4MZRYV | $1,495,000

sothebysrealty.com

AUCTION CALENDAR MAY 2016

Orfèvrerie, Boîtes en Or et Objets de VitrineParis 3 May

MALCOLM Part One: New YorkNew York 7 May Impressionist & Modern Art Evening SaleNew York 9 May

Impressionist & Modern Art Day SaleNew York 10 May

Contemporary Art Evening AuctionNew York 11 May

Finest and Rarest WinesLondon 11 May

Contemporary Art Day AuctionNew York 12 May

Important Chinese ArtLondon 13 May

RM Sotheby’s: MonacoMonte Carlo 14 May

© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York

Property Formerly in the Collection of Alfred H. Barr, Jr.Alexander Calder

Untitled, circa 1942Estimate $2,500,000-3,500,000

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016

SIGNIFICANT SALES | Q1 2016

411 TANO ROAD | MLS 201503595 | $5,975,000 list

Darlene Streit | 505.920.8001

1024 MANSION RIDGE ROAD | MLS 201301903 | $2,600,000 list

Stedman/Kehoe/Hirsch Team | 505.670.5566 (listing brokers)

Matt Sargent | 505.490.1718 (selling broker)

80 WEST GOLDEN EAGLE | MLS 201600105 | $885,000 list

Marion Skubi | 505.954.0730

111 BARRANCA ROAD | MLS 201501970 | $1,795,000 listAshley Margetson | 505.984.5186

2 GREEN MEADOW LOOP | MLS 201504732 | $1,225,000 list

Kendra Henington | 505.660.8865

29 TIERRA GRANDE | MLS 201505065 | $1,200,000 list

David Rosen and Christopher Rocca | 505.954.0789