Santa Fe, NM | mls: 201501546
Santa Fe Market Update Second Quarter 2015 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 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 I am pleased to report that the Santa Fe residential real estate market signaled good news for both buyers and sellers throughout the second quarter of 2015, according to Santa Fe Association of Realtors Multiple Listing Service. The good news for sellers was reflected in the fact that sales rose in nearly all price bands while average days on market across all price ranges remained relatively flat in the second quarter of 2015. The good news for buyers was revealed in the fact that homes remained affordable in Q2 2015 as both the average sales price and median sales price experienced slight declines. 78% of residential sales in the Santa Fe area remained under $500,000, highlighting the affordability of the market. Sales in price ranges from $500,000 and above continued to be relatively stable. In summary, the Santa Fe market remains a supremely attractive and affordable alternative to many other destination markets.
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
SECOND QUARTER ACTIVITY Number of Units Sold, Average DOM, and Average Sales Price for Residential Listings Sold in All Areas for First and Second Quarters of 2006 through 2015 Units Sold
1800
Avg. DOM
Avg. Sales Price
$600,000
1622 1600 $479,661
$478,783
$500,000
1400
$431,065
$443,524
$389,076
1166
1200
$394,606
$390,623
$383,378
$300,000
798
800
$400,000
1182
954
890
843
$387,492 1033
1000 829
$379,239
659 $200,000
600
400
200
167
166
187
197
193
218
225
187
188
178
$100,000
Number of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single Family, Condos,0 and Townhouses) for the First Half of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014 $0 2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed
Sotheby’s International Realty and theand Sotheby’s International RealtyThey logo are registered (or all unregistered) with permission. Operated by Sotheby’s International are subject to change. may not reflect real estateservice activitymarks in theused market area. 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
1023 SIERRA DEL NORTE MLS 201502278 | $1,995,000 Sierra del Norte home with guest casita has lavish finishes and vast views from almost every room. Shane Cronenweth 505.577.2000
804 APODACA HILL ROAD MLS 201502007 | $1,600,000 Splendid, spacious Territorial-style home and guest casita have great style and understated elegance. Darlene Streit 505.920.8001
LOTS 48 & 52 CHISHOLM TRAIL MLS 201502009 | $1,175,000 Expertly crafted 4,554-square-foot residence on 18 acres is offered with adjacent 14 acre lot. Penelope Vasquez 505.690.3751
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
SECOND QUARTER CLOSED SALES PRICE RANGE
2013
2014
2015
% Change (2014 v 2015)
500
388
438
478
9.13%
400
Up to $249,999
450
$250,000-‐$499,999
UP TO $249,999
$500,000-‐$749,999
350
$250,000-$499,999 $500,000-$749,999
367
361
108
445
123
148
23.26% 20.32%
$750,000-‐$999,999
300
$1 -‐ $2 MIL
250
Above $2 MIL
200
$750,000-$999,999
53
65
57
-12.30%
$1M-$2M
31
38
47
23.68%
ABOVE $2M
7
8
7
-12.50%
150 100 50 0
2013
2014
2015
SECOND QUARTER AVERAGE DAYS ON MARKET PRICE RANGE
2013
2014
2015
% Change (2014 v 2015)
169
173
172
-0.57%
450
Up to $249,999 $250,000-‐$499,999
400
$500,000-‐$749,999 $750,000-‐$999,999
UP TO $249,999 $250,000-$499,999
184
186
172
-7.52%
$500,000-$749,999
215
216
176
-18.51%
$750,000-$999,999
254
232
241
3.87%
$1M-$2M
201
204
208
1.96%
$1 -‐ $2 MIL
350
Above $2 MIL
300
250
200
150
100
50
ABOVE $2M
413
258
320
24.03%
0
2013
2014
2015
SECOND QUARTER AVERAGE & MEDIAN SALES PRICES YEAR
AVERAGE SALE PRICE
MEDIAN SALE PRICE
$443,524 $479,661 $478,783 $394,606 $390,623 $431,065 $389,076 $379,239 $387,492 $383,378
$345,000 $376,625 $325,000 $309,000 $300,000 $305,175 $289,076 $291,250 $285,000 $284,250
$900,000
$800,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
2006
2007
2008
2009
2010
Median Sales Price
sothebyshomes.com/santafe
2011
2012
Average Sales Price
2013
2014
2015
SALES
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS
LISTING INVENTORY AS OF 6/30: SANTA FE COUNTY 2013
2014
2015
% Change (2015 v 2014)
UP TO $249,999
315
263
184
-30.04%
$250,000-$499,999
535
520
437
-15.96%
$500,000-$749,999
250
267
232
-13.11%
$750,000-$999,999
167
166
144
-13.25%
200
ABOVE $1M
239
259
241
-6.95%
100
PRICE RANGE
600 Up to $249,999 $250,000-‐$499,999
500
$500,000-‐$749,999 $750,000-‐$999,999
400
Above $1M
300
0
SECOND QUARTER SALES BY PRICE RANGE PRICE RANGE
2014
2015
UP TO $249,999
42%
40%
$250,000-$499,999
35%
38%
$500,000-$749,999
12%
12%
$750,000-$999,999
6%
5%
$1M-$2M
4%
4%
ABOVE $2M
1%
1%
2013
2014
2015
2014 2014
2015 2015
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 300
250
200
150
100
50
0
January
February
March
April
May
2011
2012
June
2013
July
2014
August
September
October
November
December
2015
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.
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: 00110105 | $1,275,000 SAN FRANCISCO, CA | Web: 0087179 | $1,195,000 HOUSTON, TX | Web: 1270368 | $1,150,000 RESORT MARKETS MALIBU, CA | Web: 1290199 | $1,295,000 EAST HAMPTONS, NY | Web: 0046549 | $1,325,000 SANTA BARBARA, CA | Web: 0113909 | $1,795,000 FOREIGN MARKETS MUMBAI | Web: 95M3MN | $1,404,100 SOUTH AFRICA | Web: 6FQHMJ | $1,368,088 COSTA RICA | Web: ZGW4ZW | $1,350,000 sothebysrealty.com
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SIGNIFICANT SALES | Q2 2015
BIG TESUQUE CANYON | MLS 201304035 | $2,790,00 list David Rosen | Christopher Rocca | 505.470.9383 | 505.490.2999
664 CAMINO DEL MONTE SOL | MLS 201402061 | $2,495,000 list Ray Rush | Tim Van Camp | 505.577.5117 | 505.690.2750
2232 WILDERNESS ARROYO | MLS 201500702 | $1,950,000 list Paul McDonald | 505.780.1008
16 CLOUD MARCH EAST | MLS 201404045 | $1,180,000 list Caroline Russell | 505.699.0909 (listing broker) Cate Adams | 505.660.4228 (selling broker)
171 CALLE GALISTEO | MLS 201403955 | $849,000 list Lois Sury | 505.470.4672 (listing broker) Victoria Murphy | 505.660.5395 (selling broker)
1662 VIA BOSQUE | MLS 201500886 | $750,000 list Ricky Allen | 505.470.8233