Monthly Archives: March 2013

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!

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