Tag Archives: Santa Fe

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.

Santa Fe Neighborhoods – Focus on the Old Las Vegas Highway Corridor

SANTA FE MARKET REPORT
Featuring The OLVH Corridor

Active SFAR Listings
All Santa Fe Listings (3/16/11)
Residential: 2153
Residential Land: 1442
Farm & Ranch: 122
Commercial Land: 63
Multi Family: 32
Commercia Buildings: 168
Live/Work: 19


The OLVH Corridor Snapshot


Days on Market (DOM)
The OLVH Corridor – Residential Sold*


Selling Price: % of List Price
The OLVH Corridor – Residential Sold*

BROWSE HERE FOR HOMES FOR SALE ALONG THE OLD LAS VEGAS HIGHWAY CORRIDOR

If you would like to know more about any of the homes for sale in the Old Las Vegas Highway Corridor neighborhoods, contact me, Karen Meredith, Prudential Santa Fe Real Estate by e-mail or at (505) 603-3036.  For a free market analysis of how much your Old Las Vegas Highway Corridor neighborhood home is worth, click here.

RETURN TO VIEW MORE SANTA FE NEIGHBORHOODS 

Santa Fe Real Estate News – Las Campanas Area

Santa Fe Market Report
Featuring The Las Campanas Area


Active SFAR Listings
All Santa Fe Listings (1/20/11)
Residential: 2152
Residential Land: 1325
Farm & Ranch: 113
Commercial Land: 61
Multi Family: 30
Commercia Buildings: 169
Live/Work: 21


The Las Campanas Area Snapshot


Days on Market (DOM)
The Las Campanas Area – Residential Sold*


Selling Price: % of List Price
The Las Campanas Area – Residential Sold*

If you would like to know more about any of the homes for sale in the Las Campanas Area, contact me, Karen Meredith, Prudential Santa Fe Real Estate, by e-mail or at (505) 603-3036. For a free market analysis of how much your  Las Campanas Area home is worth, click here.

Return to view more Santa Fe Neighborhoods

SANTA FE HOME MARKET SHOWS SIGNS OF STABILIZATION

By:  Bruce Krasnow | The New Mexican
Posted: Wednesday, January 13, 2010
Article syndicated from The New Mexican, click here to view the original article.
The best news Santa Fe Realtors have about 2009 is that it’s over.

The fourth-quarter median price for single-family homes sold in the city and county declined 9 percent to $335,000. But buoyed by a federal tax credit, the number of sales increased from a year ago by 16 percent to 274 in October, November and December. Still, the sales were less than half what they were in 2005, the decade peak.

In addition, the number of housing starts in the city of Santa Fe hit a 40-year low with 180 permits in 2009. Reed Liming, a planner with the city, said one has to go back to 1969 before finding new home construction starts at that level.

The number of agents who renewed their membership in the Santa Fe Association of Realtors declined 15 percent to 795 as of this month, said Lois Sury, the new association president, and the group has trimmed its budget to adjust. The nation has gone through an historic economic downturn — “one I’d rather read about in history books than live through again,” she said.

At the quarterly breakfast meeting Wednesday where the statistics were released, Sury said the housing market in Santa Fe has adjusted. The final sales price of a home was at 93 percent of the listing at the end of 2009, up from 80 percent a year ago — and that shows sellers have adjusted their expectations, she said.

“Affordability continues to improve, with more sales at the lower end of the market affecting the overall median price of homes,” Sury said.

Jane Trusty, an appraiser at the breakfast, called the first half of 2009 difficult, and with sluggish sales it was often hard to find comparable homes for valuation.

“We’re breathing quite a sigh of relief,” Trusty said. “What we found in the last two quarters is that things have stabilized quite a bit.”

The first half of 2009 saw stability in median sales prices — but agents say many homes were not being sold because sellers were not prepared for lower offers.

That was not the case in the third quarter, in which the median price of houses sold declined 20 percent. The just-ended quarter saw the median sales price in the unincorporated area drop 18 percent to $350,000 for single-family homes. Prices of sold homes in the city of Santa Fe fell 6 percent to $329,500. The median price in the city reached $470,000 at the end of 2005.

“Prices have reset,” Sury said.

Many sales under $500,000 are a result of the federal tax credit that was passed as part of the economic stimulus plan. The credit is now open to existing homeowners — but buyers must be under contract by April 30 to receive the money, up to $8,000 for new buyers and $6,500 for repeat buyers.

And it’s not just for move-up buyers. Sury is seeing longtime homeowners who want to downsize take advantage of the program to purchase something smaller, she said.

“It’s your tax money,” she said. “You might as well use it.”

Gary Miller, a mortgage specialist with Century Bank, said there is an upward trend in mortgage interest rates from Wednesday’s average of 5.2 percent on a 30-year fixed rate loan. That means the first quarter of 2010 brings a convergence of low prices, low borrowing costs and the tax credit. He tells potential buyers that it won’t last.

“It’s important to take action now,” he said.

For more information on the tax credit, go to www.federalhousingtaxcredit.com.

By:  Bruce Krasnow | The New Mexican
Posted: Wednesday, January 13, 2010 -