Author Archives: karenbmeredith

City Home Prices Down 17%, Sales Up in Santa Fe

10-A ABs Road Front Entrance, a beautiful home for sale in Chupadero.  See my listings for more information.

10-A ABs Road Front Entrance, a beautiful home for sale in Chupadero. See my listings for more information.

Posted: Wednesday, April 10, 2013 12:16 pm | Updated: 1:04 pm, Wed Apr 10, 2013.

By Chris Quintana The New Mexican | This article was syndicated from The New Mexican, for the original article.

The median sales price of homes sold in the city of Santa Fe during the first quarter of 2013 fell nearly 17 percent from the same period last year, according to figures released by the Santa Fe Association of Realtors on Wednesday morning.

But the number of homes sold increased more than 10 percent from 133 to 147.

The average price of single-family homes sold in the city during the first three months of the year was $245,000 compared to $295,000 in 2012.

In the county, average single-family home prices declined about 1.6 percent from $385,000 to $379,000, and the number of sales fell 5 percent.

The quarterly report also shows that inventory is drying up.

The total number of homes available in city and county declined from 2,204 in the first quarter of 2012 to 1,287 in the first quarter of this year — a 41.6 percent drop.

Victoria Murphy, the president of Santa Fe Association of Realtors, said homes on the south side of town starting to sell. “We’re starting to see less inventory there, and that’s good,” she said.

Condo and town home sales declined from 65 units in 2012 to 62 units in 2013, but median prices were up to $212,500 in 2013 compared to $191,600 in 2012.

Housing permits are down as well, according to figures provided by Reed Liming, the director of the city’s Long-range Planning Division. In 2012’s first quarter, the city issued 105 residential building permits, compared to 2013 when it issued 41 permits.

But the 2012 figure included 61 permits for multifamily housing projects. When that number is discounted, the number of permits is more similar — 44 in 2012 and 41 this year.

The county’s building permits have stayed the same with 23 in the first quarter of both 2012 and 2013.

Liming said he expects the city to issue between 180 and 200 building permits and the county around 100 permits by the end of the year — about the same as last year.

But Liming said once the housing market in Santa Fe becomes even tighter, new construction should increase.

“We’re seeing the lag between the existing housing market and new construction,” he said.

On the brighter side, Scott Robinson, the branch manager of Gateway Mortgage Group, said he’s seeing fewer people refinancing existing mortgages and more seeking loans for new home purchases.

He said there has been an increase in the number of Federal Housing Administration loans and in the United States Department of Veterans Affairs’ home loans. He also said he has seen an increase in first-time homeowners.

 

Beautiful territorial style adobe 2 bedroom, 2 bath gem in Chupadero

Handcrafted territorial adobe home by master builder Andrew Greer

Handcrafted territorial adobe home by master builder Andrew Greer

10-A ABs Road, Santa Fe, NM  87506

2 bed, 2 bath, 2,223 sq. ft. on 1.52 acres near the Chupadero River

 

Listing Agents, Karen Meredith, Keller Wiliiams Realty, (505) 603-3036 and Renee Edwards, Keller Williams Realty, (505) 470-7773.

MLS #201300231, Offered at $620,000

Extensive portals surround the home to create many outdoor living spaces

Extensive portals surround the home to create many outdoor living spaces

Beautiful Territorial style adobe 2 bedroom, 2 bath handcrafted home
with office built by master builder Andrew Greer.

Featured on the cover of Su Casa Magazine in the Summer of 2006.

Home is light and bright with floor to ceiling windows lining the hallways

Home is light and bright with floor to ceiling windows lining the hallways

 

 

Wonderful details include wood cased windows, wooden base boards, brick floors,
handmade cabinets, vigas and beams, 2 fireplaces, white woodwork,
handplastered walls, extensive portals for outdoor living areas and
gorgeous views of the Sangre de Cristos mountains from the master bedroom.

A blend of Northern New Mexico and Architectural Digest style.  Lush trees provide shade and privacy.  Near national forest. For nature lovers, this is elegant country living at its finest!

For more information about this property, please contact one of the listing agents, Karen Meredith, Keller Williams Realty, (505) 603-3036 or Renee Edwards, Keller Williams Realty, (505) 470-7773 to schedule a showing!

 

Home prices finally returning to normal by CNN Wire, 03/05/13, Santa Fe expected to be big gainer and rise 8.1% by year end

Santa Fe photo old doorThis article is syndicated from abc15.com. To read the original article, click here.

CNN Wire reports:  “After years of wild swings, the U.S. housing market is slowly returning to normal.

The latest forecast from Fiserv Case-Shiller predicts home prices will increase by an average of 3.3% annually over the five years ending September, 2017.

“2012 was the first year since 1997 that the housing market has resembled something [close to] normal,” said David Stiff, Fiserv’s chief economist. “For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology.”

From 1998 until the housing bubble peaked in 2006, home prices grew by 5% or more a year. But once the bubble burst, home prices plunged, falling 30.5% through the end of September 2012.

It wasn’t until late 2011 that markets started to stabilize, according to Stiff. Between September 2011 and September 2012, average U.S. home prices rose 3.6%. By then, 62% of the 384 metro areas Fiserv tracks reported rising home prices, up from just 12.5% of all markets during the same period a year earlier.

Many of the metro areas hit hardest by the housing bust recorded the biggest price gains during those 12 months. In Phoenix, for example, prices climbed back by nearly 21%; prices in Detroit rose almost 16%; and homes in San Jose, Calif., gained 12.5%.

Values continued to decline on Long Island, N.Y., however, where prices fell 8.1% and where Stiff said the turnaround in median income lagged the rest of the nation by about a year. Brunswick, Ga., also saw declines, down 7.1%, as did Valdosta, Ga, off 6.9%. Both areas saw jumps in foreclosures.

By the end of this year, Fiserv predicts that home prices will be heading higher in almost every metro area it tracks. Medford, Ore., is expected to gain 9.7% in the 12 months through September, the highest of any city. Other big gainers are expected to be Santa Fe, N.M., up 8.1%, Billings, Mont., 5.5% and Syracuse, N.Y., 5%.

Fiserv expects Miami home prices to sustain a 10.7% loss over the same period, the largest drop of any market. Stiff said a steady stream of foreclosures will keep prices soft in the area during that time.

While Stiff said home price gains will be similar to those experienced back in 1997, he noted the similarities stopped there. Currently, millions of homes are either in foreclosure or on the verge of it.

Otherwise, there are many positive trends in today’s market, he said. Prices are extremely affordable and mortgage rates are at or near historic lows. Overall, Fiserv Case-Shiller expects stronger demand for housing, and the sector should, once again, have a positive impact on the economy.”

What Other People Are Saying About Santa Fe

Santa Fe is a world class destination market.  With a rich culture history, fanstastic art museums and galleries, abundant natural beauty, an internationally renowned opera and some of the best and most unique dining available anywhere, there’s something for everyone to experience and enjoy.  Read more about what makes Santa Fe, the City Different, so special and start planning your next visit today. Maybe like so many other visitors, you’ll also fall in love with this unique city and decide to make it your next home!

What other people are saying about Santa Fe:

 

 

 

Spacious South Capitol pueblo home for sale on historic Don Gaspar

Great room looking out to the tennis court

Great room looking out to the tennis court

1320 Don Gaspar Avenue,  Santa Fe, NM  87505

4 beds, 4 baths, 4,000 square feet, 2 car garage, separate office/studio, tennis court, landscaped patio and so much more!

 

MLS 201300525, Offering price $835,000

Listing Agents, Karen Meredith, Keller Williams Realty, and Renee Edwards, Keller Williams Realty

Tennis court and basketball hoop

Tennis court and basketball hoop

Elegant pueblo style South Capitol home on a large corner lot with a walled private backyard, tennis court and basketball hoop.

Spacious great room with 13 foot coved ceiling and vigas, floor to ceiling windows and enormous fireplace, ideal for entertaining.  Landscaped outdoor patio.

Master Bedroom Suite with kiva fireplace, cork floor and large walk in closet

Master Bedroom Suite with kiva fireplace, cork floor and large walk in closet

 

Master bedroom suite with kiva fireplace, cork floor and generous California style walk in closet.

 

 

 

 

Chef's kitchen has generous built in cabinets and island with bar stools

Chef’s kitchen has generous built in cabinets and island with bar stools

Chef’s kitchen has a skylight, island w/ bar stools, a Jenn-Air 4 burner gas stove and grill,  wood paneled Subzero refrigerator and double oven.

Separate office/studio. 2 car garage and separate storage building that could be converted into a 3rd car garage space.

Hand trowel diamond plaster walls, antique light fixtures and 5 indoor fireplaces.  Traditional
Santa Fe style and beauty just 1.5 miles from the Plaza!

For more information about this property, please contact one of the listing agents, Karen Meredith, Keller Williams Realty, (505) 603-3036 or Renee Edwards, Keller Williams Realty, (505) 470-7773 to schedule a showing!

 

Santa Fe Compound in Northwest Quadrant for Sale

34  Calle Francisca,  Santa Fe, NM  87507

5 beds, 5 baths, 4,537 square feet, 4.83 acres

MLS 201205062, Offering price $699,000

Listing Agents, Karen Meredith, Keller Williams, and Renee Edwards, Keller Williams

Loads of Santa Fe style, peaceful and secluded compound with beautiful mountain views just 15 minutes from downtown Santa Fe.

 

Includes a main house (2,536 square feet), an attached apartment (1,107 square feet) with basement (558 square feet), a guest casita (345 square feet), a media/entertainment room (639 square feet) over  a 2 car garage and studio space (976 square feet), an RV hookup,  a 2 car covered carport and an outdoor entertaining area, all on 4.83 acres.

The main house was remodeled in 2011.

The main house has wood floors, 3 fireplaces, beamed ceilings, Venetian plaster finishes, an eastern covered outdoor patio with mountain views, eat-in kitchen including seating at an island and a kitchen nook area with a fireplace and banco.

The master bedroom suite has a fireplace and sitting area, plus a deck with Sangre de Cristo mountain views.

The master bathroom has new fixtures,  Jerusalem stone tile finishes and stone counter tops, shower and floors.

For more information about this property, please contact one of the listing agents, Renee Edwards, Keller Williams Realty, (505) 470-7773 or Karen Meredith, Keller Williams Realty, (505) 603-3036 to schedule a showing!

 

 

 

 

About Santa Fe, New Mexico

Santa Fe is located in northern New Mexico. Nestled in the foothills of the beautiful Sangre de Cristo Mountains at the southern tip of the Rocky Mountains, Santa Fe has an elevation of 7,000 feet.  As a result of our high altitude desert environment, Santa Fe enjoys an average of 300 days of sunshine annually, warm days and cool nights and four full seasons.

Santa Fe is an outdoor lover’s paradise.  Nearby mountains that reach over 12,000 ft. provide local residents with downhill and cross country skiing and snowshoeing opportunities in the winter.  Abundant National Forest land and State Parks surrounding Santa Fe contain deep canyons and colorful deserts for hiking, biking, horseback riding and water sports.  It is no accident that Outside magazine has its headquarters here.  To learn more about the recreational opportunities in and around Santa Fe, visit The Public Lands Information Center.

Santa Fe is the second oldest city founded by European colonists in the United States, first inhabited by Spanish settlers in 1607 and established in 1610 as the capital of Spain’s northernmost territory.  Originally Santa Fe was called La Villa Real de la Santa Fe (The Royal City of the Holy Faith). The famous El Camino Real (the Royal Road), a 1,500 mile trade route which ended in Santa Fe’s Plaza, connected Santa Fe to Mexico City and was in use from 1598 to 1885.  Now the capital of New Mexico, Santa Fe is the oldest capital in the United States.

Long before the Spanish arrived, Pueblo Indians were living in the Rio Grande Valley in communal houses with hundreds of rooms, often four or five stories high, with earth floors, adobe walls and flat roofs held together by pine logs (also called vigas).  This method of building structures strongly influenced the settlers who came later.  Santa Fe’s rich cultural history, a blend of Native American, Spanish and Anglo influences, has led to its unique Spanish Pueblo and Territorial style architecture, which is unlike any other city in the United States.  Santa Fe’s unique architecture style is one of the reasons Santa Fe draws over 1,000,000 visitors annually.

Santa Fe’s magnificent quality of light, ever changing skies and colorful, dramatic landscape are responsible for the thriving artists’ community here.  Santa Fe is the 3rd largest art market in the United States in sales volume and boasts nearly 300 galleries and dealers.  East of the Plaza, Canyon Road has the highest concentration of art galleries in the city, and is a major destination for international collectors, tourists and locals. The Canyon Road galleries showcase a wide array of contemporary, Southwestern, Native American, and experimental art.

Not surprisingly, given the importance of art, history and culture here, Santa Fe has over a dozen major museums, mainly located near the Plaza or on Museum Hill.  If you plan to visit more than a few museums, consider buying one of several multi-day, multi-museum passes.  For instance, currently you can buy an $18  Museum Pass good for 4 days of unlimited visits to the Museum of Fine Arts, the Palace of the Governors, the Museum of Indian Arts & Culture, the Museum of International Folk Art and the Museum of Spanish Colonial Art.  Also available is the CulturePass, currently $25, which allows the holder to visit each of  New Mexico’s 14 state museums and monuments once during a 12-month period.

Opera buffs will enjoy the Santa Fe Opera, which many rank as the second best opera company in the United States, behind only the Metropolitan Opera in New York. Established in 1957 and housed in an architecturally stunning, partially open air amphitheater surrounded by panoramic vistas, it consistently draws famed directors, conductors and singers.  The opera season typically runs from the beginning of July to late August.

The Lensic Theater, located at 211 West San Francisco Street, is an 821 seat theater which was completely restored and renovated between 1999 and 2001, and provides Santa Fe and Northern New Mexico with a modern venue for the performing arts.  The Metropolitan Opera’s live simulcast performances are shown at the Lensic Theater.

With a population of approximately 70,000 people, Santa Fe combines many of the benefits of small town life and wide-open spaces with access to cultural events normally associated with much larger cities.

One of many works of outdoor art displayed in downtown Santa Fe

Traveling to Santa Fe  American Eagle flies three daily roundtrip services between Dallas/Fort Worth and the Santa Fe Airport and one daily flight between Santa Fe and Los Angeles International Airport.

Many visitors traveling by air to Santa Fe fly into Albuquerque, New Mexico first and then make the one hour drive north to Santa Fe either by car or by shuttle.  Sandia Shuttle offers convenient, frequent shuttle services between most Santa Fe hotels, motels and bed & breakfasts and Albuquerque International Airport.

2 single family ranch homes on one double sized lot near St. Francis – $299,000

937 and 937 1/2 Mercer, Santa Fe, NM  87501

$299,000  MLS # 201101717

4 bedrooms, 3 baths, 1 fireplace, 2,302 sq. ft. and .026 acres

2 single family ranch homes on one double sized lot make this an appealing choice for owners/users looking for rental income or investors.  Currently zoned R-8 Residential, but is designated as Office on the City of Santa Fe’s Future Land Use map.  Consquently, the City has advised that an owner may submit an application to rezone the property to the C-1 District if an owner so desires.

Larger home has 2 bedrooms, 1 bath, 1,191 square feet.  Smaller/guest home has 2 bedrooms, 2 baths, 1,111 square feet.

Homes are neat and tidy, with hard wood floors in the larger home, and a newer large open concept addition in the smaller home.

More than ample parking.  One car garage, car port for two more cars, additional parking in front and back of lot as well as several nonexclusive street parking spaces.

Live in one house and rent the other house! Conveniently located to shopping, other commercial amenities and downtown.  Cross street is St. Francis.  Lots of flexibility.

 

 

 

 

 

For more information about this property, please contact one of the listing agents, Renee Edwards, Keller Williams Realty, (505) 470-7773 or Karen Meredith, Keller Williams Realty, (505) 603-3036 to schedule a showing!

Santa Fe Cerrillos Road Office/Warehouse Space near new Super WalMart

MORIANNI PLAZA, 6600-6700 Cerrillos Road, Santa Fe, NM, Units D, E and F 

$769,000 | MLS #201201949

 

Approximately 7,227 Sq. ft. | 3 Condominium Units, plus development rights to a 4th unit

Great location and excellent visibility on high traffic Cerrillos Road!  One mile south of the intersection of Airport Road and Cerrillos Road.  Next to the Santa Fe Auto Park.  Near the planned Walmart Supercenter and Las Soleras. Fully leased.

This plaza has 2 commercial buildings and 6 units, with room to build a 7th unit.  The building on the left hand side is for sale.  Currently occupied by an auto repair shop, Tae Kwon Do and SF Chihuahua Express.  Plaza has 74+ parking spots.

Front of building

There is an on-site property manager who is also one of the tenants.

APOD and rent roll available. Zoned C-2, which allows for many uses.

Also for sale as 3 separate units.

Unit D, which is occupied by an auto repair shop, is available for $465,000, MLS # 201201898.

Unit E, which is occupied by Tae Kwon Do, is available for $165,000, MLS # 201201950.

Unit F, which is occupied by SF Chihuahua Express and has the development rights to build a 7th unit, is available for $179,500, MLS # 201201959.

View from back of building

 

Investors and users, don’t miss this opportunity!

Contact Karen Meredith, Keller Williams, at 505 603-3036 to schedule an appointment.

 

 

 

 

Pojoaque Adobe and Brick Country Home – $334,000

47 Bouquet Lane

47 Bouquet Lane, Santa Fe, NM 87506, Offering Price $334,000, MLS #201202685

4 Bedrooms, 2 Baths, 2,487  Square Feet, Lot Size .80 Acres, Water Rights

Listing Agents, Karen Meredith, Keller Williams Realty, (505) 603-3036 and Renee Edwards, Keller Williams Realty, (505) 470-7773

Beautiful 4 bedroom, 2 bath adobe and brick home on a shady, tree-lined country lane in Pojoaque about 15 minutes north of Santa Fe. Close to one acre. Lovingly cared for home.

Upgraded Kitchen

 

 

 

Kitchen and bathrooms have been upgraded recently.  Approximately .40 acre water rights. Irrigated land.   Fruit trees. Peaceful, private fenced backyard.

Cottonwood tree shades the home

 

 

 

Enormous cottonwood tree in front yard provides shade. Ample parking area has enough room for an RV.  Approximately 10′ by 10′ basement.  Basement sq. ft. is not included in the 2,487 sq. ft. calculation of the home.

Call Karen Meredith, Keller Williams Realty, Santa Fe, NM at (505) 603-3036 for more information.