Market Conditions for Aldea de Santa Fe in Sante Fe, New Mexico Reported by Peter Kahn, CRS, CDPE, RSPS, SRES Updated May 3, 2012.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

This newer planned community is currently (5.1.12) a strong buyer's market with two homes purchased in April. The inventory is 20 for sale with five listed as short sales. Prices begin at $155,000!

Buyers continue to acquire the bank owned and short sale properties with those properties presenting demonstrable value.

This neighborhood, just 8 miles from the Plaza, offers excellent long term rental opportunities.

Average days on market for the active properties is 104 days.

ZIP Code: 87507

Location Characteristics: This is a relatively new (6 years old) planned community close to downtown Santa Fe. Most of the homes are clustered on small, low maintenance parcels and the subdivison offers walking trails and large areas of open space. Extensive views of mountain ranges both east and west are available from many of the homes.

Aldea was home to a small Indian Pueblo and later a Spanish Colonial structure. On this land, rich in tri-cultural history, fourteen local families committed 345 pristine acres of land to a vision of a traditional, pedestrian-friendly village with a central plaza. World renowned designer and planner Andres Duany was engaged to utilize neo-traditional planning concepts to create Aldea de Santa Fe. His design integrates individual neighborhoods with picturesque parks and large open space preserves connected by trails and walkways. The village features a variety of distinct housing types. As Aldea Plaza grows, it will provide convenient commercial and retail services.



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