Santa Fe Real Estate Scene
May 2004

Message from the Broker at Santa Fe One Realty

One thing is for sure, you pay to play in Santa Fe. But as a property owner you benefit from long term growth in property value. Multiple Listing 1st quarter 2004 statistics indicate median value in City of Santa Fe now at $315,950.

Why do Santa Fe property values continue to rise?

1. Steady demand from out of state buyers moving to escape the big city who are looking for - temperate climate and clean air, less traffic, sophisticated cultural amenities, healthy lifestyle, forests and mountains, outdoor activities.
2. Less land on the market
3. Water restrictions
4. City and County restrictions slowing development
5. Lack of affordable housing.

The clock is ticking on the lowest interest rates in 50 years. Have you noticed how gas prices remain high? Did you know that lumber prices have tripled lately? Yes my friends, inflation will return and that means high interest rates sooner rather than later. Be aware, as interest rates rise, so will fewer of you qualify for loans. No matter what income scale you are at, an average credit score and more stringent loan packages might keep you from financing property you desire. To finance now is better than to finance later.

Featured Property:
3445 Via Janna

Residential Property: 3445 Via Janna $590,000

View this listing

Featured Property:
3014 Governor Lindsey Rd, MLS 119418

Residential Property: $ 469,000

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.

Make your mortgage call today, long term interest rates are at a 50 year low!

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, Glorietta, Pecos, Hwy 285, Galisteo, Lamy, Hwy 14, Cerrillos, Madrid and more!

See Buyer Tips http://www.santafeone.com/articles/buyers.html

Seller Tips

Research your market value with a home market analysis. Ask you realtor for a complimentary CMA.

Price your home competitively if you want it to sell in a short period of time.

Have your realtor order a title binder from a title company of choice. Verify your title is clean and free of any liens. Clean title is essential to a clean closing.

Eliminate clutter inside and outside of the home. Buyers like clean and neat.

Make sure your realtor cross markets your media for best exposure of the listing: website, email, neighborhood mailings, real estate magazines, open houses.

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

See Seller Tips http://www.santafeone.com/articles/sellers.html

STATISTICS
Santa Fe Association
of Realtors
2004 First Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
34 sold, median price $530,500
Northwest
14 sold, median price $323,500
Southeast
41 sold, median price $482,500
Southwest
95 sold, median price $227,000
Total City of Santa Fe
184 sold, median price $315,950

Santa Fe County

North
21 sold, median price $522,464
Southeast
53 sold, median price $354,000
Eldorado
36 sold, median price $319,500
Southwest
78 sold, median price $216,000
Total Santa Fe County
152 sold, median price $267,242

Total City of Santa Fe/Santa Fe County
336 sold, median price $291,250

Condo/Townhome  City and County
123 sold, median price $254,355
Duplex, Xplex  City and County
14 sold, median price $315,000
Mobile/Manufactured City and County
8 sold, median price $125,000

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

Jim Gay, American Mortgage Company
1-888-663-4422 toll free, amtsantafe@aol.com

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

Clare Easterwood, 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