Santa Fe Market Update | Q1 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 UpdateFirst 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

a MESSaGE FroM oUr QUaLIFYING BroKEr:

Gregg antonsen, t: 505.988.2533 | [email protected]

The Santa Fe real estate market continued to show steady signs of recovery throughout the first quarter of 2014. Encouraging gains were posted in most price categories. a steady and welcome upturn in activity continued momentum established in the previous two quarters in the important $750,000 to $2M sectors. Further support for the Santa Fe market occurs when we study the first quarters, as the 2014 first quarter “Units Sold” is the highest since 2007, complemented by “Days on Market” being the lowest since 2007. The average sales price remains attractively affordable at $380,729, while also showing an improvement over the first quarter of 2013. all of this information combines to support positive trends in our local market as we approach the important second quarter of 2014. With interest rates remaining

near historic lows, prices affordable and our world-renowned Santa Fe spring/summer festivals and tourist season fast approaching, we are looking forward to continued growth in our exceptional real estate market.

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 Quarter of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014

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

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.

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  

BIg TESUQUE CANYONMLS 201304035 | $2,790,000

Stunning Tesuque compound in a tree-covered

setting on the rio Tesuque.

David rosen | Christopher rocca

505.470.9383 | 505.490.2999

47 VIOLET CIRCLEMLS 201304361 | $2,785,000

This superlative Pueblo-style home is the epitome

of distinctive, modern Southwestern style.

ray rush | Tim Van Camp

505.577.5117 | 505.690.2750

16-18 SPUR RANCH ROADMLS 201401303 | $1,895,000

Breathtaking compound situated on a 25-acre

site with views of the Galisteo Basin.

Darlene Streit

505.920.8001

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 $326,742 $262,0002005 $385,131 $290,0002006 $431,964 $345,0002007 $478,960 $380,0002008 $436,674 $310,0002009 $409,115 $324,5002010 $384,789 $300,0002011 $453,184 $300,0002012 $396,506 $292,5002013 $353,329 $276,5002014 $380,729 $280,000

CLOSED SALES

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

UP To $249,999 161 183 208 11.82%

$250,000-$499,999 126 160 153 -8.38%

$500,000-$749,999 53 39 54 38.46%

$750,000-$999,999 20 19 33 73.68%

$1M-$2M 20 11 20 81.81%

aBoVE $2M 2 2 2 0.00%

AVERAGE DAYS ON MARKET

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

UP To $249,999 198 187 178 -2.73%

$250,000-$499,999 215 212 176 -14.56%

$500,000-$749,999 291 280 253 -11.84%

$750,000-$999,999 338 224 226 0.89%

$1M-$2M 260 303 176 -44.47%

aBoVE $2M 382 630 56 -91.11%

0  

50  

100  

150  

200  

250  

2012   2013   2014  

Up  to  $249,999   $250,000-­‐$499,999   $500,000-­‐$749,999   $750,000-­‐$999,999   1MIL-­‐2MIL   Above  2MIL  

0  

100  

200  

300  

400  

500  

600  

700  

2012   2013   2014  

Up  to  $249,999   $250,000-­‐$499,999   $500,000-­‐$749,999   $750,000-­‐$999,999   1MIL-­‐2MIL   Above  2MIL  

$0  

$100,000  

$200,000  

$300,000  

$400,000  

$500,000  

$600,000  

1   2   3   4   5   6   7   8   9   10   11   12   13   14  

Average  Sales  Price   Median  Sales  Price  

SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SaLES

LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY

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

UP To $249,999 337 261 242 -7.28%

$250,000-$499,999 431 352 424 20.45%

$500,000-$749,999 223 178 173 -2.81%

$750,000-$999,999 134 126 137 8.73%

aBoVE $1M 205 200 208 4.00%

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 44% 44%

$250,000-$499,999 39% 33%

$500,000-$749,999 9% 11%

$750,000-$999,999 4% 7%

$1M-$2M 3% 4%

aBoVE $2M 1% 1%

RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES

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

0  

50  

100  

150  

200  

250  

300  

350  

400  

450  

500  

2012   2013   2014  

0-­‐$249,999   $250,000-­‐$499,999   $500,000-­‐$749,999   $750,000-­‐$999,999   $1,000,000  and  Above  

0

50

100

150

200

250

January February March April May June July August September October November December

2009 2010 2011 2012 2013 2014

ON ThE mArkET

left to right from top to bottom:

IN METroPoLITaN MarKETS

SAN FRANCISCO, CA | Web: 0086628 | $1,275,000

HOUSTON, TX | Web: 1240117 | $1,750,000

BROOKLYN, NY | Web: 0136749 | $1,699,000

IN rESorT MarKETS

EAST HAMPTON, NY | Web: 0046175 | $1,895,000

CARMEL, CA | Web: 0501348 | $1,395,000

FALMOUTH, MA | Web: 0840726 | $1,590,000

IN ForEIGN MarKETS

THAILAND | Web: 2ZBJ7R | $1,080,580

GREECE | Web: SMXWL9 | $1,931,567

GERMANY | Web: 9DLRQ8 | $1,655,629

sothebysrealty.com

SIGNIFICANT SALES | Q1 2014

960 OLD SANTA FE TRAIL | MLS 201205163| $1,600,000 list

Neil Lyon | 505.660.8600

1146 CANYON ROAD | MLS 201303175 | $1,499,000 list

Francesca Stedman | Mary Kehoe | 505.670.5566 | 505.310.1422

3249 PASEO DEL MONTE | MLS 201303620 | $798,000 list

MaryJoy Ford | 505.577.0177

435 CAMINO DEL MONTE SOL | MLS 201302549 | $1,399,000 list

K.C. Martin | 505.690.7192

16B CAMINO CALABASAS | MLS 201400192 | $895,000 list

Nancy Lehrer | Tara Earley | 505.606.7611 | 505.606.7611

77 PASEO DEL CONEJO | MLS 201304704 | $850,000 list

Susan Kline | Lynden Galloway | 505.501.0101 | 505.501.1111