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 Update Fourth 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: 201403724
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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.
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.
The Santa Fe real estate market closed out the final quarter of 2014 relatively unchanged— continuing the stability it had experienced during the preceding two quarters. According to the Santa Fe Association of Realtors, when compared to one year ago, units sold, average days on market and average sales price remained only slightly changed with a slight increase in number of units sold (99). As one examines the breakdown of closed sales, a clearer picture emerges showing double-digit or near double-digit percentage increases in four of six price categories, with healthy increases in the $750,000 to $999,999 ranges (+14.15 percent) and the all-important ranges of $1M to $2M (+8.88 percent). Average days on the market remains relatively stable in most price categories with an impressive
decline in days on market found in residences priced above $2M, a reflection of the fact that sellers in this price category were pricing homes more realistically from the point of view of active buyers. 76 percent of all Multiple Listing Service recorded sales were under $500,000, a mere two percent decline in that price category from one year ago. As we enter the first quarter of 2015, it appears that the stability achieved throughout 2014 will continue to be the trend at least for the not-too-distant future.
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
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 may not reflect all real estate activity in the market area.
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES
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50
100
150
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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
LISTING INVENTORY AS OF 12/31: SANTA FE COUNTY
PRICE RANGE 2012 2013 2014 % Change(2013 v 2014)
UP TO $249,999 285 264 238 -9.85%
$250,000-$499,999 362 445 420 -5.62%
$500,000-$749,999 186 181 219 20.99%
$750,000-$999,999 125 146 129 -11.64%
ABOVE $1M 207 219 210 -4.11%
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 38% 39%
$250,000-$499,999 40% 37%
$500,000-$749,999 12% 13%
$750,000-$999,999 5% 6%
$1M-$2M 4% 4%
ABOVE $2M 1% 1%
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES
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 may not reflect all real estate activity in the market area.
0
50
100
150
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January February March April May June July August September October November December
2009 2010 2011 2012 2013 2014
Obtained from theSanta Fe Association of Realtors Multiple Listing Service.Deemed reliable but not guaranteed and subject to change.