Tag Archives: Santa Fe Living

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.

 

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:

 

 

 

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!

 

 

 

 

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.

 

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.

 

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:

 

 

 

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: