santa fe market update | q2 2014

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

Santa Fe Market UpdateSecond Quarter 2014

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

Santa Fe, NM | mls: 201302673

http://www.sothebyshomes.com/Santa-Fe-Real-Estate/sales/056408



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 | [email protected]

According to the Santa Fe Association of Realtors (SFAR), in terms of the number of closed sales in 2014, this year’s real estate market in Santa Fe is off to its best start since 2007. During the second quarter of 2014, closed sales in Santa Fe County increased 4.7 percent. These sales were led primarily by the lower end of the market in that roughly 77 percent of all recorded sales were under $500,000. This factor is also reflected in the average sales price of $388,002. A silver lining to this message is that the first five months of 2014 showed an increase of seven percent in closed sales from one year ago. During the second quarter of 2014, sales in all but one price category increased nicely with healthy increases of 24.52 percent in the $750,000 to $999,999 sectors; 22.58 percent in the $1 million to

$2 million sectors; and an increase of 14.28 percent in sales above $2 million. All of this translates to continued momentum as we continue through the summer sales months. The message to buyers: Santa Fe is open for business in a real estate market that continues to have attractive opportunities.

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

611

719

507

385

280

347 342

382

424

470

153 171 177 190 200 205 220 233

209 189

$385,130

$431,593

$478,960

$436,673

$324,500

$384,788

$453,183

$396,505

$351,452

$380,729

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

0

100

200

300

400

500

600

700

800

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Units Sold Avg. DOM Avg. Sales Price

VILLA SERENAMLS 201402291 | $4,200,000

Amazing 4.6-acre compound includes a main

residence, guesthouses, and lush landscaping.

Roxanne Apple

505.660.5998

1422 BISHOPS LODGE ROADMLS 201401876 | $3,995,000

Wonderful 3.71-acre Tesuque compound features a

4-bedroom home and 3-bedroom guesthouse.

Tierra Team

505.780.1157

COUNTY ROAD 142WONDERLAND COmPOUNDMLS 201402833 | $1,295,000

Magical 30-acre Abiquiú compound bordering the

Chama River includes a 2,800-square-foot home.

Cindy Volper

505.901.1436

FEATurEd LISTINGS




sothebyshomes.com/santafe

SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSALES

AVERAGE AND MEDIAN SALES PRICES, FULL YEAR

YEAR AVERAGE SALE PRICE mEDIAN SALE PRICE

2004 $347,048 $279,5002005 $400,054 $308,5002006 $443,524 $345,0002007 $479,661 $376,6252008 $478,783 $325,0002009 $394,606 $309,0002010 $390,623 $300,0002011 $431,065 $305,1752012 $389,076 $289,0002013 $379,229 $291,2502014 $388,002 $285,000

CLOSED SALES

PRICE RANGE 2012 2013 2014 % Change(2014 v 2013)

UP To $249,999 374 388 436 12.37%

$250,000-$499,999 308 367 361 -1.63%

$500,000-$749,999 119 108 122 12.96%

$750,000-$999,999 46 53 66 24.52%

$1M-$2M 38 31 38 22.58%

ABoVE $2M 5 7 8 14.28%

AVERAGE DAYS ON MARKET


UP To $249,999 194 169 173 2.36%

$250,000-$499,999 209 184 186 1.08%

$500,000-$749,999 296 215 215 0.00%

$750,000-$999,999 348 254 228 -10.23%

$1M-$2M 236 201 204 1.49%

ABoVE $2M 670 413 258 -37.53%

http://www.sothebyshomes.com/Los-Angeles-Real-Estate

SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES

LISTING INVENTORY AS OF 6/30: SANTA FE COUNTY


UP To $249,999 338 315 263 -16.51%

$250,000-$499,999 488 535 520 -2.80%

$500,000-$749,999 239 250 267 6.80%

$750,000-$999,999 151 167 166 -0.60%

ABoVE $1M 252 239 259 8.37%

SALES BY PRICE RANGE 2013 2014

Up to $249,999

$250,000-$499,999

$500,000-$749,999

$750,000-$999,999

$1M-$2M

Above $2M

PRICE RANGE 2013 2014

UP To $249,999 41% 42%

$250,000-$499,999 38% 35%

$500,000-$749,999 11% 12%

$750,000-$999,999 6% 6%

$1M-$2M 3% 4%

ABoVE $2M 1% 1%

RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES

Obtained from theSanta Fe Association of Realtors Multiple Listing Service.Deemed reliable but not guaranteed and subject to change.

http://sothebysdiamonds.com

santa fe market update | q2 2014

Documents

santa fe county

comsanta fe

recorded sales

average sales price

grant avenuesanta fe

number of closed sales

washington avenuesanta

summer sales months