Santa Fe, NM | mls: 201701380
Santa Fe Market Update First Quarter 2017 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
Based upon sales statistics obtained from the Santa Fe Association of Realtors MLS, in the first quarter of 2017, sales activity in the Santa Fe residential real estate market has been healthy and robust. Most notably, the first quarter of 2017 had the highest total number of sales in the past ten years during the three-month period from January – March. Additionally, for the second year in a row, both average and median sale prices increased in the first quarter of 2017, compared to the first quarter of the year prior. The number of closed sales units in five of six price bands have increased when compared to the same period one year ago, while closed sales in the $1M-$2M price band declined from 29 closed sales in the first quarter of 2016 to 23. As the summer sales season approaches, traditionally the busiest of the year, the residential real estate market in Santa Fe remains positive, attractive, and welcoming for buyers and sellers alike. SANTA FE BROKERAGES | sothebyshomes.com/santafe 417 East Palace Avenue Santa Fe, NM 87501 t: 505.982.6207
326 Grant Avenue Santa Fe, NM 87501 t: 505.988.2533
231 Washington Avenue Santa Fe, NM 87501 t: 505.988.8088
FIRST QUARTER ACTIVITY (JAN 1 – MAR 31) Number of Units Sold, Average DOM, and Average Sales Price for Single Family Homes, Townhouses and Condominiums Sold in All Areas for All First Quarters of 2007 through 2017 800 700
Units Sold
Average Days On Market
$600,000
Average Sales Price
$478,960
600
$500,000
$453,183
$436,673
$406,306
$409,115
$380,603 500
$384,788
$398,361
$416,367 $400,000
$370,570
$351,452 $300,000
564
$200,000 153
492
170
487
186
476
189
424
238 383
220 342
205 347
200
190 280
100
385
507 200
177
300
209
400
$100,000
$0 Family, Number 0 of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single 2007 2008 2011 2013 2014 2015 2017 Condos, and Townhouses) for 2009 the First 2010 Half of 2005, 2006,2012 2007, 2008, 2009, 2010, 2011, 2012,2016 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
125 PASEO DE LA TIERRA MLS 201700820 | $1,600,000 Minutes from town on 10.094 mountain-view acres, this 5,000-square-foot single-level estate is refreshing and unique in design, incorporating elements of Prairie style. Up to four horses are welcome. Penelope Vasquez 505.690.3751
638 CAMINO DEL MONTE SOL MLS 201700052 | $2,150,000 This remodeled turnkey estate exudes elegance, charm, and history. Set on a beautifully landscaped acre, it offers three bedrooms, four baths, an oversized two-car garage, and views of the ski basin. Stedman/Kehoe/Hirsch Team 505.670.5566
1006 OLD SANTA FE TRAIL MLS 201605830 | $2,699,000 This time-honored estate on Museum Hill is filled with light and enjoys mountain views. It includes a threebedroom home, an attached casita, a swimming pool with a cabana, and a rooftop deck. Katharine Duke 505.429.1523
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
FIRST QUARTER CLOSED SALES 2015
2016
2017
% Change (2015 v 2016)
250
UP TO $249,999
214
194
209
8%
200
$250,000-$499,999
171
201
216
7%
$500,000-$749,999
63
50
73
46%
$750,000-$999,999
19
15
38
153%
$1-$2 MILLION
17
29
23
-21%
ABOVE $2 MILLION
3
3
5
67%
PRICE RANGE
Up to $249,999 $250,000-$499,999 $500,000-$749,999 $750,000-$999,999 $1-$2M
150
Above $2M
100
50
0 2015
2016
2017
FIRST QUARTER AVERAGE DAYS ON MARKET 2015
2016
2017
% Change (2016 v 2017)
500
UP TO $249,999
178
162
155
-4%
400
$250,000-$499,999
165
PRICE RANGE
159
124
-22%
$500,000-$749,999
209
212
156
-26%
$750,000-$999,999
360
162
230
42%
$1-$2 MILLION
230
202
269
33%
ABOVE $2 MILLION
208
442
225
-49%
Up to $249,999
450
$250,000-$499,999 $500,000-$749,999
350
$750,000-$999,999
300
$1-$2M
250
Above $2M
200 150 100 50 0 2015
2016
2017
FIRST QUARTER AVERAGE & MEDIAN SALES PRICES YEAR 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
AVERAGE SALE PRICE
MEDIAN SALE PRICE
$478,960 $436,673 $409,115 $384,788 $453,183 $406,306 $351,452 $380,603 $370,570 $398,361 $416,367
$380,000 $310,000 $324,500 $300,000 $300,000 $295,000 $278,500 $280,400 $270,000 $293,250 $312,000
sothebyshomes.com/santafe
$600,000
Average Sales Price $500,000
Median
$400,000
$300,000
$200,000
$100,000
$0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY PRICE RANGE
2015
2016
2017
% Change (2016 v 2017)
400
Up to $249,999 $250,000-$499,999
350
$500,000-$749,999
UP TO $249,999
176
113
131
16%
$250,000-$499,999
368
292
266
-9%
250
$500,000-$749,999
160
172
123
-28%
200
$750,000-$999,999
98
91
128
41%
$1M AND ABOVE
177
200
176
-12%
300
$750,000-$999,999 $1M and Above
150 100 50 0 2015
FIRST QUARTER SALES BY PRICE RANGE PRICE RANGE UP TO $249,999
2016
2017
39%
37%
$250,000-$499,999
41%
38%
$500,000-$749,999
10%
13%
$750,000-$999,999
3%
7%
$1-$2 MILLION
6%
4%
ABOVE $2 MILLION
1%
1%
2016
2016 3%
2017
2017
6% 1%
7%
4% 1%
10% 39%
41%
2012
2013
37%
38% 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 2011
13%
2014
2015
2016
2017
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 SAN FRANCISCO, CA | Web: 0088455 | $999,000 NEW YORK, NY | Web: 00111183 | $999,000 HOUSTON, TX | Web: 1235348 | $997,000 RESORT MARKETS HAMPTONS, NY | Web: 0047503 | $999,000 SANTA FE, NM | Web: 0565485 | $995,000 CAPE COD, MA | Web: 0841245 | $839,000 FOREIGN MARKETS GREECE | Web: FRSRHJ | 930.000 € EUR FRANCE | Web: 2NH833 | 930.000 € EUR PORTUGAL | Web: 3L9ZJT | 910.000 € EUR sothebysrealty.com
JEAN-MICHEL BASQUIAT In the Wings, 1986 To be sold in the Contemporary Art Evening Sale New York 18 May 2016
New York Spring Sales 2017
Art of Africa, Oceania, and the Americas Auction 15 May Impressionist & Modern Art Evening Sale Auction 16 May Impressionist & Modern Art Day Sale Auction 17 May Contemporary Art Evening Sale Auction 18 May Contemporary Art Day Sale Auction 19 May Finest and Rarest Wines Auction 20 May American Art Auction 23 May Latin American Modern & Contemporary Art Evening Sale Auction 25 May
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/Auctions. ENQUIRIES +1 212 606 7000 © 2017 ARTISTS RIGHTS SOCIETY (ARS), NEW YORK / ADAGP, PARIS
SIGNIFICANT SALES | Q1 2017
115 BROWNELL HOWLAND ROAD | MLS 2016002719 | $2,395,000 list Chris Webster | 505.780.9500 (listing broker) MaryJoy Ford | 505.577.0177 (selling broker)
1114 CALLE CONEJO | MLS 201605344 | $2,150,000 list Ray Rush & Tim Van Camp | 505.984.5117
14 HACIENDA CABALLERO | MLS 201603032 | $1,800,000 list Shane Cronenweth | 505.984.5158
40 RIVER VALLEY ROAD | MLS 201602547 | $1,195,000 list Deborah Day | 505.954.5501 (listing broker) Tim Galvin | 505.795.5990 (selling broker)
46 VIA PAMPA | MLS 201601630 | $1,195,000 list Team Burbic Yoder | 505.670.9399 (listing broker) Marion Skubi | 505.660.8722 (selling broker)
79 DROEGE | MLS 2016004183 | $1,140,000 list Matthew Sargent | 505.490.1718 Michaelene Sargent | 505.954.5514