Tag Archives: Karen Meredith Keller Williams Santa Fe

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!

 

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.

 

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.

 

Pojoaque Adobe and Brick Country Home – $300,000

47 Bouquet Lane

47 Bouquet Lane, Santa Fe, NM 87506, Offering Price $300,000, 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.

 

2012 Santa Fe homes sales on pace to be best in five years

The New Mexican reported on August 11, 2012 that the summer of 2012 so far represents a rebound for residential sales in Santa Fe County.

The 158 residential sales in June were the highest number of closed transactions in 57 months. July’s sales total of 143 showed the trend continuing. Barring unforeseen circumstances, such as another financial crises, total sales in 2012 are on pace to be the best since 2007.

The total number of sales in the first seven months of 2012, 879, represents a 14 percent increase over 2011 and a 40 percent increase from 2009.

The sales have occurred in all price ranges. There have been 42 residential sales of $1 million or higher so far this year, and 366 sales at $300,000 or below according to statistics complied by Alan Ball, local real estate statistician guru.

The New Mexican observed that “Though the boost is helping the overall economy — with more business for agents, appraisers and inspectors, and increased revenue for local governments that collect gross receipts taxes — it does not necessarily mean jubilant sellers, since prices have not significantly increased from the bottom.

In the second quarter of 2012, the median sales price in the city and county combined had declined 6.8 percent from a year ago. And overall in Santa Fe County, the typical home has lost 30 percent of its value from the top of the market in 2007, according to some estimates.

That has led to a smaller inventory of homes as more owners refinance and stay put, waiting for prices to climb — especially as interest rates have remained low. At the end of June, for instance, there were 1,571 homes on the market countywide — a decrease of 19 percent from a year earlier, according to the Santa Fe Association of Realtors.

For those looking to buy, there is a new database to determine the average closing costs on a $200,000 loan in New Mexico. According to Bankrate.com, which surveyed five to 10 lenders in each state, those average costs total $3,617, including $435 for an appraisal, $495 for processing and $1,058 for the origination fee on the loan. In New Mexico, the average cost of a title search and insurance on a $200,000 loan is $1,434, according to Bankrate.

The 50-state average for closing fees is $3,754, with New York highest at $5,435 and Missouri the lowest at $3,006.”

To view the Bankrate.com website.

Original article by:

Bruce Krasnow | The New Mexican
Posted: Saturday, August 11, 2012

CNNMoney names Santa Fe one of the Best Places to Retire Now

CNNMoney has named Santa Fe one of the Best Places to Retire Now.

By Anne VanderMey, reporter @FortuneMagazine, Posted June 20, 2012.  To read the original article in its entirety.

As reported by CNNMoney:

“Blue skies and mild winters don’t always have to mean Florida or Arizona. Santa Fe gets 325 days of sunshine per year, there are eight major golf courses in the area, and it’s a stone’s throw from a major mountain range: The Sangre de Cristo Mountains offer skiing, hiking, and spectacular views. It also has culture to spare: The city is packed with galleries and features a buzzing contemporary art scene, an internationally renowned opera, and an award-winning restaurant lineup.

No wonder, then, that in recent years Santa Fe has become an increasingly popular destination for retirees (and celebrities like Gene Hackman and Tom Ford). Housing isn’t cheap in the desirable center of town, where houses start at about $400,000, local realtors say. But closer to the outskirts, buyers can find classic pueblo-style homes for as little as $150,000.

Santa Fe has also held up well relative to other sun-drenched spots during the housing crisis. Employment here now outpaces the national average, and Fiserv Case-Shiller estimates that it will be one of the strongest housing markets over the next few years, with an annualized increase of 7.6% through 2016.”

American Lung Association Reports Santa Fe Air Ranks Among the Country’s Cleanest

By Staci Matlock | The New Mexican
Posted: Sunday, April 22, 2012  To read the original article in its entirety.

Breathe deeply, Santa Feans.

The City Different and Santa Fe County has some of the cleanest air in America, according to the American Lung Association.

That’s excellent news for children, elderly and people with asthma, cardiovascular disease and emphysema who are most at risk of health problems when they breath polluted air. An estimated third of Santa Fe County’s population falls into one of those categories.

The association analyzed data from 2007 to 2010 related to ozone and particles emitted from vehicle tailpipes, power generating stations, mining, manufacturing and more. The association has analyzed air quality in U.S. cities for the last dozen years and published the results in annual State of the Air reports.

The reports rank cities based on levels of ozone, short-term particle pollution and long-term particle pollution. Santa Fe joined Honolulu as the only cities who were on the association’s “cleanest air” list in all three categories from 2007-2010, the period for which data was analyzed.

Santa Fe earned an A for low ozone and 24-hour particle pollution, and it passed the annual particle pollution category.

Particles are mixtures of chemicals and materials floating around in air. Some are so tiny they can’t be seen without an electron microscope. Some are thinner than a strand of hair.

Smoke, dust, pollen and gas fumes are just a few of the particles launched into the air by wind, plants, power generation and wildfires. People inhale the particles with air. People cough out the larger particles, but smaller particles can get trapped in lung tissue, causing illness.

Ozone, another dangerous lung irritant analyzed by the American Lung Association, also comes from a mixture of gases produced by cars, smokestacks and burning coal. The gases — nitrogen oxides and volatile organic compounds — when combined with sunlight and warmth, produce harmful ozone in the lower atmosphere.

Children, people older than 65, those who like to exercise outdoors and people who have existing lung problems such as asthma are more susceptible to the ill effects of elevated ozone levels. People exposed to high levels of ozone can suffer wheezing, chest pain, asthma attacks and respiratory infections.

The American Lung Association report notes that while air quality has improved overall around the country, 1 in 17 Americans (18.5 million total) live around unhealthy levels of ozone and particles.

KCHF-Channel 11 TV Station, 27556 East Frontage Road, Santa Fe, NM – $950,000

 

27556 East Frontage Road, Santa Fe, NM

MLS # 201202791, Offered at $950,000

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

8,582 Square Feet, Lot size approximately 2.59 acres

Commercial building currently used as the KCHF-Channel 11 TV production studio with refrigerated air production rooms.

There are 12 private offices, a kitchen, a conference room, 4 bathrooms, 2 executive suites with sleeping quarters, a reception area/foyer, an outdoor courtyard for private events, a large garage area with an overhead door and ample storage space.

Well suited for corporate headquarters or a showroom. Studio and garage could work for warehouse space.

The lot has paved parking for 50+ cars and room for expansion.

High visibility location with easy access to I-25 and the 599 Bypass.

Walking distance to the Rail Runner train station.

Located on the South side of Santa Fe in an active commercial area.

Lot sits up high with plenty of turnaround room large vehicles.

Perfect location for a business that wants to be in Santa Fe with quick, easy access to Albuquerque.

Call Karen Meredith, Keller Williams Realty at 505 603-3036 or Renee Edwards, Keller Williams Realty at 505 470-7773 today to schedule a showing!

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.”