Monthly Archives: July 2012

Beautiful Sombrillo, New Mexico Riverfront Property – $275,000

River frontage

18 Loma Lane, Espanola, NM

MLS #201103115, $275,000 15.32 acres, 500′ of river frontage, 3.5 irrigated acres planted to alfalfa

This kind of property doesn’t present itself very often. 500′ of river frontage. 3.5 irrigated acres planted to alfalfa. Borders the Sombrillo Acequia and Santa Cruz River. Views of the Jemez and Sangre de Cristo mountains.  Near Sombrillo, NM. Santa Fe is 30 minutes away to the south. Easy access from Highway 285. Very peaceful and quiet. This property consists of a lower meadow section with river frontage and a portion that sits up on a mesa with even more spectacular views. A wonderful property for a farm, vineyard, horses, family compound or private retreat. Enjoy fly fishing or horseback riding from your own property.  Borders BLM land.

Horse pasture

Listing Agents:  Karen Meredith, Keller Williams Realty and Renee Edwards, Keller Williams Realty.  For more information about this property, please call (505) 603-3036 for Karen and (505) 470-773 for Renee.

Santa Fe area home sales up, while median prices decline

By Chris Quintana | The New Mexican
Posted: Thursday, July 12, 2012, this article was syndicated from The New Mexican, click here for the original article

The median sales price for homes in the Santa Fe area — including both the city and the county — dropped 6.8 percent between the second quarter of 2011 and the second quarter of 2012, the Santa Fe Association of Realtors reported Thursday.

The median sales price in the combined city and county data for the second quarter of 2011 was $359,000 compared to $334,450 for the first quarter of 2012.

Dan Wright, 2012 president of the Santa Fe Association of Realtors, attributed that change to the gradual drop in the market since the peak in 2007, when the median price hit about $420,000.

“We’re at the tail end of the decline in the market,” he said. “Personally, I don’t think it will continue to go down at this point.”

The total number of homes sold in the second quarter rose by 5.6 percent, from 318 units in 2011 to 336 units in 2012.

But the total value of those home sales sank from $151.9 million in 2011’s second quarter to $144.9 million in 2012’s second quarter, which Wright said creates a more advantageous market for buyers.

Second-quarter sales of condos and townhomes also rose, to 74 units from 60 units. The median price rose from $237,188 to $245,000. Wright said low interest rates may have helped boost the market.

“The Santa Fe housing market is picking up with sales modestly over last year,” he said. “The historically low interest rates are helping to get buyers motivated.”

The inventory of available homes sank by 15 percent in comparison to the second quarter of last year. Coleen Dearing, vice president of the association, said that can be attributed to people pulling their homes off the market or people who have decided to take advantage of low refinancing rates. Dearing also said the increase in home sales has affected the inventory rate.

Also notable, the number of young homeowners, in the 23 to 25 age range, has risen for the first time in five years, according to Gilbert Garcia, a mortgage professional with Century Bank. He said organizations that can help lower the down payment, such as the New Mexico Mortgage Finance Authority or the Santa Fe Housing Trust, coupled with low mortgage rates, have helped young people get into the housing market.

Garcia added that banks are indeed lending, though the process requires more documentation of financial information than in years past.

“It’s not harder,” he said. “It’s just more.”

Garcia also said banks in the area have seen the foreclosure rate slow down while the refinancing of mortgages and new purchases of homes have been on the rise.

“The number of foreclosures is not leveling off, but it’s slowed down a bit,” he said. “But it’s going to get tougher before it gets easier.”

 

 

The Santa Fe International Folk Art Market

The largest international folk art festival in the world, in 2012 150 artists from 54 countries participated and over 20,000 people attended the Market.

The Market showcases master craftsmanship passed down through families, generations, and cultures: colorful beaded jewelry from Kenya; gorgeous silk scarves from Kyrgyzstan; exquisite ceramics from France.

Many of the artists come from developing countries, where the average income is less than $3 a day and where political, social, and environmental hardships can make everyday life-not to mention the creation of art-challenging.  In the past nine years, artists at the Market have earned more than $14 million dollars.  In 2011, 90 percent of the Market’s $2.3 million in sales went directly to the artists, or an average of $17,300 per booth.

The proceeds earned at previous Markets have helped to build schools, wells, and health clinics in a number of Third World countries. They have, for example, brought food, clothing, and medical care to Sudanese refugee camps, AIDS support to South Africa, and financial independence for Afghan women.

That’s a powerful bottom line: One weekend in Santa Fe provides artists the financial ability to radically improve their lives and their communities. Actor Ali MacGraw-a longtime Santa Fe resident and supporter of the arts-calls it “monumental money.”

One young Afghan weaver who sells intricately hand embroidered scarves and shawls is now able to afford to send her sisters to school. A 38-year old grandmother from a remote village in Madagascar was able to provide basic electricity and water to her village. A Rwandan basket weaver supplied women with a home garden and mosquito nets; and Maasai beaders from Kenya were able to buy chickens to feed villagers during a terrible drought. A Niger silversmith made enough money at last year’s market to buy three months’ worth of food for over 500 people in nearby villages. The money a Haitian artist earned from her dream-inspired sequin flags helped support her extended family that was left homeless after the devastating earthquake of 2010.

More than 97 percent of participating Market artists come from developing countries, where per capita annual incomes range from $250 to $1,500. “Many of these artists grapple daily with political, social, and environmental challenges in their home countries,” points out Judith Espinar, Creative Director and Co-Founder of the Market. “Yes, the Market makes a real difference in their lives, and at the same time they touch our lives in so many important ways.”

It is this sharing, the cultural interchange, that makes the Market such a unique event. The benefits of the Market flow both to the artists and to visitors, who not only discover wonderful (and often very affordable) artwork at the Market but also remarkable stories. Browsing at the Market often leads to encounters with the artists and a clearer understanding of world conditions.

In addition, visitors can enjoy exotic food as well as live, free world music on several stages, ranging from Latin rock to Japanese Shigin chanting. The Market represents, in other words, a readily affordable weekend of global experiences and connections, an overseas trip without the overseas plane fare.

The Market is held at Milner Plaza, next to the world-famous Museum of  International Folk Art. Please see the website for ticket prices and details: www.folkartmarket.org.

This article is a compliation of past press releases from the Santa Fe International Folk Art Market.

Peaceful Country Retreat in Pojoaque/Nambe Area

 

Gourmet Kitchen - 45 Bouquet Lane

 

45 Bouquet Lane, Santa Fe, New Mexico

MLS #2101202698, Offering price $470,000

3 Bedrooms, 3 Baths, 3 Car Garage

2,486 Square Feet, Lot Size .76 acres, Water Rights

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

Call us today to schedule a showing!

45 Bouquet Lane

 

Beautiful 2008 custom built home with spacious master bedroom and huge walk-in closet. Like new!

Open floor plan,

11 to 13.5 foot ceilings, plenty of light,

diamond plaster walls throughout,

vigas and beams, radiant floor heating,

custom gourmet kitchen and

over sized, insulated 850 sq. ft. three car garage (not included in 2,486 sq. ft., which is the main house only).

Bouquet Lane

Near Pojoaque Wellness center which has a magnificant swimming pool and exercise facilities.

10 minutes from Black Mesa golf course.

Mature trees line this shady, tranquil lane.

1.6 acre Las Lagunitas Residential Lot with Sweeping Mountain Views

39 Calle Capulin 239 Calle Capulin, Santa Fe, NM (Lot 77)

1.6 acre residential lot, $100,000, MLS 201102397

Las Lagunitas is a gated subdivision located approximately 17 miles southwest of the Santa Fe Plaza just off of Highway I-25.  Las Lagunitas means “little ponds” in Spanish and is named for the numerous small ponds found on the property.  Surrounded by agricultural land, natural arroyos and diverse desert wetlands, Las Lagunitas contains lush bosque habitat which is fed by Guicu Creek.  A functioning acequia (a traditional Spanish irrigation ditch) runs through part of the property.

Las Lagunitas is characterized by rolling hills and breathtaking views of the Galisteo Basin and the Sangre de Cris, Jemez  and Ortiz mountain ranges.  It contains a preserved wildlife habitat, which includes a spring, numerous ponds, plum, pear and apple trees, and is a nature lover’s and birdwatcher’s delight.

Construction of the subdivision began in 1996, and occurred in 5 phases. Las Lagunitas contains 106 lots on 262.4 acres. Lots range from 1 to 3 acres in size. Approximately 90 acres are reserved as common areas for open space to be used and enjoyed by all residents of the community.

Public water is provided by the Sangre de Cristo Water Co. Electric service and natural gas are provided by the Public Service Company of New Mexico.  All utilities are buried which means there is nothing to interfere with the beautiful views of the natural surrounding areas and the brilliant New Mexico night skies.

Las Lagunitas is located between Albuquerque and Santa Fe off of I-25, which makes it a convenient location for commuting to both cities.

Shopping at Trader Joe’s in Santa Fe is just 20 minutes away, while Albuquerque is a 45 minute drive.

It is also near the 599 Bypass, which gives residents easy access to Los Alamos.

Read more about the Las Lagunitas subdivision.