Santa Fe Real Estate Scene
December 2003

Message from the Broker at Santa Fe One Realty

How do you spell the name of that town in Northern New Mexico? Santa Fe One Realty services the City of Santa Fe and the following counties : Santa Fe County, Rio Arriba County, Mora County. Other cities and towns include: Santa Fe, Los Alamos, Espanola, Abiquiu, Medanales, Alcalde, Dixon, Pojoaque, Tesuque, Las Campanas, Nambe, Chimayo, El Dorado, Glorieta, Pecos, Hwy 285, Galisteo, Lamy, Hwy 14, Cerrillos, Madrid and more!

Median sales price for Santa Fe homes reached a new high of $290,500 in the third quarter of 2003. Price increases can be attributed to: popularity of Santa Fe climate and Santa Fe lifestyle, record low interest rates, surge in lumber prices, new municipal impact fees. Most of the price increases occurred in the under $500,000 market. Above $500, 000 in value sales remain soft, leaving ample inventory and a buyer's market on Santa Fe upper end real estate.

Organic Style Magazine choose Santa Fe as the healthiest place to live out of 125 cities in the United States.
Clean air and lack of pollution were some of the 5,500 aspects analyzed.

Featured Property:
11-A Camino de Pastores, MLS 118582

Residential Property: $ 550,000

View this listing

Featured Property:
11-B Camino de Pastores, MLS 118585

Residential Property: $ 575,000

View this listing

Buyer Tips

When financing, shop the Santa Fe mortgage brokers listed in this newsletter. Their initial financial pre-qualification process simply requires: a phone call, five minutes of your time to define your financial objectives, and your social security number. They will call or email you with a range of value in which you are pre-qualified to shop for your Santa Fe real estate.

If you have credit issues, mortgage brokers will have recommendations how to improve your credit score.

For land buyers, construction loans available where you purchase the land; then build within three years of the land purchase.

First time buyers and minority buyers, special programs available to help you qualify.

Twenty percent down payment eliminates payment of mortgage insurance, saves you big bucks!

Make your mortgage call today, do not delay! Long term interest rates are as low as 5% !

Customer Alert
Take advantage of Santa Fe One Realty's complimentary services:

• Home Market Analysis, CMA
• Multiple Listing Service research, MLS
• Relocation Packages and Moving Tips

STATISTICS
Santa Fe Association
of Realtors
2003 Third Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
45 sold, median price $549,000
Northwest
14 sold, median price $279,000
Southeast
72 sold, median price $450,000
Southwest
111 sold, median price $290,500
Total City of Santa Fe
242 sold, median price $290,500

Santa Fe County

North
51 sold, median price $550,000
Southeast
106 sold, median price $299,250
Eldorado
67 sold, median price $274,000
Southwest
124 sold, median price $207,375
Total Santa Fe County
281 sold, median price $280,000

Total City of Santa Fe
242 sold, median price $290,500

Condo/Townhome  City and County
157 sold, median price $251,500
Duplex, Xplex  City and County
5 sold, median price $406,000
Mobile/Manufactured City and County
9 sold, median price $126,000

National Association of Realtors 7/03
National median home price, $182,100

Note: The City of Santa Fe and Santa Fe County offer homes and land for all levels of buyers and sellers.

Note: This representation is based in whole or in part on data supplied by the Santa Fe Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

FINANCE

NEW MEXICO WEEKLY QUOTES, NOW ON LINE!

New Mexico Mortgage Brokers
Call or email today for your free financial pre-qualification.

Gary Miller, Citivest Mortgage
1-877-982-9530 toll free, garym@hubwest.com

Ron Blessy, John Schwelnus Capitol City Partners
505-983-9222, capitolpartners@qwest.net

Troy Lepisto, Countrywide Loans
800-264-2114, 505-670-6390, 505-995-3138, Troy_lepisto@countrywide.com

Clare Easterwood, Cissy Moore, The Mortgage Company
505-984-9121, http://www.mtgcompany.com

Jobs in Santa Fe

Check out this job resource page, loaded with essential job and relocation information.

Also:
http://www.santafehasjobs.com/
http://newmexicojobs.com/

Santa Fe Resources

Government, Non Profit, Schools, Jobs, Media, Finance, Appraisal, Inspection, Title, Survey, Moving, Utility, Contractors & Construction, Wells, Design, Home Services, Property Management, Transportation, Hotels & Motels, Arts & Recreation.
Santa Fe Resources

If you cannot facilitate your inquiries, contact us and we will help you - info@santafeone.com