October 2009 proved to be a good month for Santa Fe real estate. Sales in the county and city combined were the same as October 2008, 136 in '09 versus 135 in '08. The average price was pulled way up by the large number of million dollar plus sales that closed in October. 9.5% of the sales for Oct '09 were over $1,000,000 pulling the average sales price up to $463,000. Another good signs for sellers is that the number of properties available for sale in the Multiple Listing Service continues to trend down. In addition, the home buyer credit program was extended and expanded by the Federal Government. There are many current home owners who will now qualify for a $6500 credit. The program runs through April 2010 and represents a good opportunity for sellers who have been thinking of moving up, down, or sideways. It will be interesting to see if this program results in higher volume of sales this winter than Santa Fe would normally experience.
ZIP Codes: 87501, 87505, 87507, 87506, 87508 Approximate Location Boundaries: Santa Fe County
Location Characteristics: Santa Fe has long been known for its wonderful light thus attracting artists from all over the world. In addition, the landscape is beautiful---Santa Fe is surrounded by three Mountain Ranges; a drive into the Sangre de Cristo Mountains will yield winter skiing and summer hiking and camping opportunities. Santa Fe is one of the oldest cities in the United States; anyone interested in the past will be enchanted by Santa Fe and New Mexico where both Native American and Spanish Cultures have influenced history. Museums abound and along with museums devoted to the Spanish and Native American cultures, The International Museum of Folk Art resides on Museum Hill. Restaurants in Santa Fe offer traditional Northern New Mexico cuisine as well as sophisticated, modern cuisine. The restaurant map is always changing and there should be something satisfying for everyone. Santa Fe is also the third largest Art Market in the country and browsing galleries on Canyon Road is a popular pastime. Summer lovers will be happy with the climate and pleasant temperatures--perfect for enjoying hiking, biking, horseback riding, or playing golf. As the capital city of New Mexico, state government is the largest employer and the number of buildings occupied by the state continues to grow. Santa Fe is among the premier retirement cities located in the Southwest. There is good access to medical facilities, both in Santa Fe and Albuquerque. The International Airport in Albuquerque is an hour's drive and very recently, the Santa Fe airport introduced commercial flights to Dallas and Los Angeles. The Santa Fe Chamber of Commerce will provide more detailed information on request, their number is 505-983-7317.
About Suzanne Brandt:
I have over thirteen years experience working the Santa Fe Real Estate Market. I pride myself on recognizing my customer's goals and needs and then doing everything possible to meet those needs and goals.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
