Santa Fe, NM | mls: 201403724
Santa Fe Market Update Fourth Quarter 2014 SANTA FE BROKERAGES Washington Avenue Brokerage | t. 505.988.8088 Grant Avenue Brokerage | t. 505.988.2533 East Palace Brokerage | t. 500.982.6207
sothebyshomes.com
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They many not reflect all real estate activity in the market area.
A MESSAGE FROM OUR QUALIFYING BROKER: Gregg Antonsen, t: 505.988.2533 | gregg.antonsen@sothebyshomes.com The Santa Fe real estate market closed out the final quarter of 2014 relatively unchanged— continuing the stability it had experienced during the preceding two quarters. According to the Santa Fe Association of Realtors, when compared to one year ago, units sold, average days on market and average sales price remained only slightly changed with a slight increase in number of units sold (99). As one examines the breakdown of closed sales, a clearer picture emerges showing double-digit or near double-digit percentage increases in four of six price categories, with healthy increases in the $750,000 to $999,999 ranges (+14.15 percent) and the all-important ranges of $1M to $2M (+8.88 percent). Average days on the market remains relatively stable in most price categories with an impressive decline in days on market found in residences priced above $2M, a reflection of the fact that sellers in this price category were pricing homes more realistically from the point of view of active buyers. 76 percent of all Multiple Listing Service recorded sales were under $500,000, a mere two percent decline in that price category from one year ago. As we enter the first quarter of 2015, it appears that the stability achieved throughout 2014 will continue to be the trend at least for the not-too-distant future. SANTA FE BROKERAGES | sothebyshomes.com/santafe 231 Washington Avenue Santa Fe, NM 87501 t: 505.988.8088
326 Grant Avenue Santa Fe, NM 87501 t: 505.988.2533
Units Sold
4000
3500
3377
$486,375 3095
3000
2500
417 East Palace Avenue Santa Fe, NM 87501 t: 505.982.6207
Avg. DOM
Avg. Sales Price
$600,000
$473,255
$500,000 $405,950
$447,716
$402,721
$415,166
$394,807
$396,373
$396,738 $400,000
$410,534 2247
2133
2232
1970
2000
1713
1568
1676
$300,000
1,696
1500 $200,000 1000 $100,000 500 146
157
161
182
191
196
206
215
176
179
0
$0 2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Number of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single Family, Condos, and Townhouses) for the First Half of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014 Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They may not reflect all real estate activity in the market area.
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
FEATURED LISTINGS
962 CERRO DE LA PAZ MLS 201404709 | $3,900,000 Magnificent 7,655-square-foot, three-bedroom hilltop estate with pool, sited on 12.6 acres Chris Webster 505.980.9500
418 CANYON ROAD MLS 201402240 | $1,950,000 Gracious historic Eastside 3,073-square-foot double adobe on Canyon Road Santa Fe Real Estate Consultants | K.C. Martin 505.231.7598 | 505.690.7192
86 ESTATES DRIVE MLS 201405469 | $1,395,000 Beautiful four-bedroom, 5,000-square-foot Las Campanas home in a peaceful and private setting Bob Burbic | Stephanie Yoder 505.670.9399 | 505.412.9911
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
CLOSED SALES 2012
2013
2014
% Change (2014 v 2013)
UP TO $249,999
795
806
887
10.04%
$250,000-$499,999
710
856
819
-4.32%
$500,000-$749,999
267
254
285
12.20%
$750,000-$999,999
108
113
129
14.15%
PRICE RANGE
1000
900
800
700
600
500
400
300
200
$1M-$2M
75
90
98
8.88%
ABOVE $2M
15
14
14
0.00%
100
0 2012
Up to $249,999
2013
$250,000-‐$499,999
$500,000-‐$749,999
$250,000-‐$499,999
$500,000-‐$749,999
2014
$750,000-‐$999,999
1MIL-‐2MIL
Above 2MIL
AVERAGE DAYS ON MARKET 2012
2013
2014
% Change (2014 v 2013)
UP TO $249,999
197
166
172
3.61%
$250,000-$499,999
194
166
166
0.00%
$500,000-$749,999
254
192
193
0.52%
$750,000-$999,999
305
235
235
0.00%
$1M-$2M
292
216
214
-0.92%
ABOVE $2M
458
353
266
-24.64%
PRICE RANGE
500
450
400
350
300
250
200
150
100
50
0 2012
Up to $249,999
2013
2014
$750,000-‐$999,999
1MIL-‐2MIL
Above 2MIL
AVERAGE AND MEDIAN SALES PRICES, FULL YEAR YEAR 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
AVERAGE SALE PRICE
MEDIAN SALE PRICE
$374,679 $410,534 $447,716 $486,375 $473,255 $405,950 $402,721 $415,166 $394,807 $396,373 $396,738
$290,000 $310,500 $345,000 $373,000 $330,000 $299,500 $305,000 $300,000 $292,500 $300,000 $295,000
sothebyshomes.com/santafe
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0 1
2
3
4
5
Average Sales Price
6
7 Median Sales Price
8
9
10
11
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
LISTING INVENTORY AS OF 12/31: SANTA FE COUNTY PRICE RANGE UP TO $249,999
2012
2013
2014
% Change (2013 v 2014)
285
264
238
-9.85%
500
450
400
350
$250,000-$499,999
362
445
420
-5.62%
$500,000-$749,999
186
181
219
20.99%
$750,000-$999,999
125
146
129
-11.64%
300
250
200
150
100
ABOVE $1M
207
219
210
-4.11%
50
0 2012
0-‐$249,999
SALES BY PRICE RANGE PRICE RANGE
2013
$250,000-‐$499,999
$500,000-‐$749,999
2014
$750,000-‐$999,999
2013
2013
2014
UP TO $249,999
38%
39%
$250,000-$499,999
40%
37%
$500,000-$749,999
12%
13%
$750,000-$999,999
5%
6%
$1M-$2M
4%
4%
ABOVE $2M
1%
1%
$1,000,000 and Above
2014
Up to $249,999
$500,000-$749,999
$1M-$2M
$250,000-$499,999
$750,000-$999,999
Above $2M
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES 250
200
150
100
Obtained from the Santa Fe Association of Realtors Multiple Listing Service. Deemed reliable but not guaranteed and subject to change.
50
0 January
February
March
April
May 2009
June 2010
2011
July 2012
2013
August
September
October
November
December
2014
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They may not reflect all real estate activity in the market area.
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0019518 | $1,285,000 SAN FRANCISCO, CA | Web: 0087074 | $1,998,000 HOUSTON, TX | Web: 1231592 | $1,250,000 RESORT MARKETS MALIBU, CA | Web: 0172738 | $1,649,000 PALM BEACH, FL | Web: 0076476 | $1,495,000 SANTA BARBARA, CA | Web: 0592850 | $1,149,000 FOREIGN MARKETS VIETNAM | Web: SMT2WL | $1,500,000 SOUTH AFRICA | Web: E5JGKG | $1,382,266 COSTA RICA | Web: VKP28Q | $1,298,000 sothebysrealty.com
Visit Us In-Store Or Online, Everyday Our Wine Specialists Will Help You Shop For The Best Wines For All Occasions
New York | Hong Kong |
+1 212 894 1990 | wine@sothebys.com +852 2886 7888 | winehk@sothebys.com
SIGNIFICANT SALES | Q4 2014
57 GREY WOLF | MLS 201403795 | $2,950,000 list Ray Rush | Tim Van Camp | 505.577.5117 | 505.690.2750
14 PAINTED HORSE | MLS 201304070 | $2,275,000 list Marion Skubi | Johnnie Gillespie | 505.660.8722 | 505.690.1909
318 DELGADO | MLS 201404964 | $1,295000 list Jane Reid | 505.629.9821
576 CAMINO DEL MONTE SOL | MLS 201303129 | $1,275,000 list Ann Brunson | Ed Schroeder | 505.690.7885 | 505.690.1007
905 CAMINO RANCHITOS | MLS 201401976 | $1,205,825 list The Santa Fe Team | 505.780.0310
162 CALLE JOSEPHINA | MLS 201403428 | $980,000 list Laurie Hilton | 505.780.3237