Santa Fe, NM | mls: 201601329
Santa Fe Market Update First Quarter 2016 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/santafe
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data may 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 According to The Santa Fe Association of Realtors MLS, sales during the first quarter of 2016 for single-family homes, townhouses and condos in Santa Fe continued at a moderately increased pace compared to the first quarter of 2015, with number of closed sales up 1%. Both average and median prices were up slightly – all indicators of the continuation of a steady, healthy market. Throughout the first quarter of 2016, 80% of all sales continued to be under $500,000. On the other end of the scale, sales from $1M-$2M were up significantly with 29 closed sales in the first quarter of 2016 compared to 17 closed sales in the first quarter of 2015 – an impressive increase of 71%. Days on market in the $1M-$2M range were down 12% while listing inventory in the above $1M segment actually increased 13%. This segment of the market will continue to be interesting to follow as we enter the summer season. Late spring and summer bring an exciting atmosphere, festivals, cultural attractions and an abundance of tourists to The City Different. As the leading real estate firm in Santa Fe, Sotheby’s International Realty wishes to extend a warm welcome to those visiting and planning a visit to our captivating corner of the world. The brokers affiliated with Sotheby’s International Realty welcome the opportunity to introduce you to some of the very best Santa Fe has to offer in terms of housing – for those wishing to relocate as well as to those seeking the most alluring and inviting vacation homes on the market. Contact any one of our three offices for more information or visit us at www.sothebyshomes.com/santafe. 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
417 East Palace Avenue Santa Fe, NM 87501 t: 505.982.6207
FIRST QUARTER ACTIVITY Number of Units Sold, Average DOM, and Average Sales Price for Residential Listings Sold in All Areas for All First Quarters of 2006 through 2016
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
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
11125 DOUBLE EAGLE | ALBUQUERQUE MLS 201600978 | $849,000 Designed for stylish modern living and entertaining, this Tanoan home offers two luxurious master suites, three guest bedrooms, two spacious living areas, a formal dining room, and an outdoor kitchen. Marsha Adams 505.261.6469
870 EAST ALAMEDA MLS 201601179 | $920,000 This enchanting historic compound includes a light-filled two-bedroom main home, a one-bedroom guesthouse, wonderful outdoor living areas, mature landscaping, fruit trees, and flower beds. Judith Ivey 505.984.5157
67 CIELO TRANQUILO COURT MLS 201601037 | $1,000,000 An elegantly finished custom home on 12.5 acres with gorgeous mountain views and sunsets. Three bedroom suites, a beautiful living room, an open kitchen and family room. Lois Sury - CRS, ABR 505.984.5156
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
FIRST QUARTER CLOSED SALES 2014
2015
2016
% Change (2015 v 2016)
UP TO $249,999
210
214
192
-10.28%
$250,000-$499,999
156
171
202
18.13%
$500,000-$749,999
54
63
50
-20.63%
$750,000-$999,999
34
19
15
-21.05%
$1-$2 MILLION
20
17
29
70.59%
2
3
4
33.33%
PRICE RANGE
ABOVE $2 MILLION
FIRST QUARTER AVERAGE DAYS ON MARKET 2014
2015
2016
% Change (2015 v 2016)
UP TO $249,999
179
178
162
-8.99%
$250,000-$499,999
174
165
159
-3.64%
$500,000-$749,999
253
209
212
1.44%
$750,000-$999,999
225
360
162
-55.00%
$1-$2 MILLION
176
230
202
-12.17%
ABOVE $2 MILLION
56
208
340
63.46%
PRICE RANGE
FIRST QUARTER AVERAGE & MEDIAN SALES PRICES YEAR 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
AVERAGE SALE PRICE
MEDIAN SALE PRICE
$431,593 $478,960 $436,673 $409,115 $384,788 $453,183 $406,306 $351,452 $380,603 $370,570 $398,642
$345,000 $380,000 $310,000 $324,500 $300,000 $300,000 $295,000 $278,500 $280,400 $270,000 $293,500
sothebyshomes.com/santafe
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY 2014
2015
2016
% Change (2015 v 2016)
UP TO $249,999
266
199
128
-35.68%
$250,000-$499,999
359
304
248
-18.42%
$500,000-$749,999
169
172
190
10.47%
$750,000-$999,999
136
111
96
-13.51%
ABOVE $1 MILLION
209
178
202
13.48%
PRICE RANGE
FIRST QUARTER SALES BY PRICE RANGE PRICE RANGE
2015
2016
UP TO $249,999
44%
39%
$250,000-$499,999
35%
41%
$500,000-$749,999
13%
10%
$750,000-$999,999
4%
3%
$1-$2 MILLION
4%
6%
ABOVE $2 MILLION
1%
1%
2015
2016
Up to $249,999
$500,000-$749,999
$1-$2 Million
$250,000-$499,999
$750,000-$999,999
Above $2 Million
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES
Values for residential solds by month are for all property types including single family homes, townhouses, condominiums, duplexes, manufactured homes, mobile homes, modular homes, and x-plexes. All statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data 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: 1340028 | $1,400,000 LOS ANGELES, CA | Web: 0027250 | $1,495,000 HOUSTON, TX | Web: 1232615 | $1,395,000 RESORT MARKETS MALIBU, CA | Web: 1300163 | $1,395,000 EAST HAMPTON, NY | Web: 0046977 | $1,599,000 SANTA BARBARA, CA | Web: 0113999 | $1,349,000 FOREIGN MARKETS COSTA RICA | Web: 25TT62 | $1,500,000 INDIA | Web: 6NGQH2 | $1,495,998 MEXICO | Web: 4MZRYV | $1,495,000 sothebysrealty.com
AUCTION CALENDAR MAY 2016
© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York
Property Formerly in the Collection of Alfred H. Barr, Jr. Alexander Calder Untitled, circa 1942 Estimate $2,500,000-3,500,000
Orfèvrerie, Boîtes en Or et Objets de Vitrine
Impressionist & Modern Art Day Sale
Contemporary Art Day Auction
New York 10 May
New York 12 May
Contemporary Art Evening Auction
Important Chinese Art
New York 11 May
London 13 May
Finest and Rarest Wines
RM Sotheby’s: Monaco
London 11 May
Monte Carlo 14 May
Paris 3 May MALCOLM Part One: New York
New York 7 May Impressionist & Modern Art Evening Sale
New York 9 May
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016
SIGNIFICANT SALES | Q1 2016
411 TANO ROAD | MLS 201503595 | $5,975,000 list Darlene Streit | 505.920.8001
1024 MANSION RIDGE ROAD | MLS 201301903 | $2,600,000 list Stedman/Kehoe/Hirsch Team | 505.670.5566 (listing brokers) Matt Sargent | 505.490.1718 (selling broker)
111 BARRANCA ROAD | MLS 201501970 | $1,795,000 list Ashley Margetson | 505.984.5186
2 GREEN MEADOW LOOP | MLS 201504732 | $1,225,000 list Kendra Henington | 505.660.8865
29 TIERRA GRANDE | MLS 201505065 | $1,200,000 list David Rosen and Christopher Rocca | 505.954.0789
80 WEST GOLDEN EAGLE | MLS 201600105 | $885,000 list Marion Skubi | 505.954.0730