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.
Santa Fe Market UpdateFirst 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
Santa Fe, NM | mls: 201601329
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.
A MESSAGE FROM OUR QUALIFYING BROKER:
Gregg Antonsen, t: 505.988.2533 | [email protected]
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.
231 Washington AvenueSanta Fe, NM 87501t: 505.988.8088
326 Grant AvenueSanta Fe, NM 87501t: 505.988.2533
417 East Palace AvenueSanta Fe, NM 87501t: 505.982.6207
SANTA FE BROKERAGES | sothebyshomes.com/santafe
FIRST QUARTER ACTIVITYNumber of Units Sold, Average DOM, and Average Sales Price for Residential Listings Sold
in All Areas for All First Quarters of 2006 through 2016
870 EAST ALAMEDAMLS 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
FEATURED LISTINGS
67 CIELO TRANQUILO COURTMLS 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
11125 DOUBLE EAGLE | ALBUQUERQUEMLS 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
sothebyshomes.com/santafe
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSALES
FIRST QUARTER AVERAGE & MEDIAN SALES PRICES
YEAR AVERAGE SALE PRICE MEDIAN SALE PRICE
2006 $431,593 $345,0002007 $478,960 $380,0002008 $436,673 $310,0002009 $409,115 $324,5002010 $384,788 $300,0002011 $453,183 $300,0002012 $406,306 $295,0002013 $351,452 $278,5002014 $380,603 $280,4002015 $370,570 $270,0002016 $398,642 $293,500
FIRST QUARTER CLOSED SALES
PRICE RANGE 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%
ABOVE $2 MILLION 2 3 4 33.33%
FIRST QUARTER AVERAGE DAYS ON MARKET
PRICE RANGE 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%
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES
LISTING INVENTORY AS OF 3/31: SANTA FE COUNTY
PRICE RANGE 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%
FIRST QUARTER SALES BY PRICE RANGE 2015 2016
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1-$2 Million
Above $2 Million
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%
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
Orfèvrerie, Boîtes en Or et Objets de VitrineParis 3 May
MALCOLM Part One: New YorkNew York 7 May Impressionist & Modern Art Evening SaleNew York 9 May
Impressionist & Modern Art Day SaleNew York 10 May
Contemporary Art Evening AuctionNew York 11 May
Finest and Rarest WinesLondon 11 May
Contemporary Art Day AuctionNew York 12 May
Important Chinese ArtLondon 13 May
RM Sotheby’s: MonacoMonte Carlo 14 May
© 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 1942Estimate $2,500,000-3,500,000
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)
80 WEST GOLDEN EAGLE | MLS 201600105 | $885,000 list
Marion Skubi | 505.954.0730
111 BARRANCA ROAD | MLS 201501970 | $1,795,000 listAshley 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
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