Santa Fe Real Estate Scene
March 2005

Message from the Broker at Santa Fe One Realty

2004 Santa Fe real estate sales set new records, fueled by low mortgage rates and creative financing programs. The average home price for City of Santa Fe and Santa Fe County jumped to $388,492. Total unit sales rose from 2,418 to 2,637. Santa Fe home values rose from 10-15% depending on the area.

2004 trends indicated:

• Very strong demand from Santa Fe and Out of State Buyers
• Retiring Baby Boomers now fueling the upper end of the market
• Historic Eastside properties fetching up to $500 per square foot
• Income/rental properties remain flat due to heavy inventory and less demand. Investors purchase instead of renting.

Call or email today for your free market research, toll free 1-866-264-4848 or email tony@santafeone.com

Buyer Tips

Are you aware of the following financial loan options?

• 100% financing for homes up to $600,000
• 40 year fixed rate
• Aggressive ARMS
• Interest Only
• Construction
• Purchase to Remodel
• Commercial
• Mixed use
• Piggy Backs, Helocs
• Veterans Administration Loans
• Owner financed New Mexico Real Estate Contracts

New Mexico Personal Income Tax Rates continue to fall, making PIT rates more competitive with surrounding states. New Mexico Deductions for capital gains continue to expand. Taxes on homes and land continue to be some of the lowest in the United States.

New Mexico Tax and Revenue, Santa Fe 505-827-0951, 827-0700 http://www.state.nm.us/tax/

City of Santa Fe 505-955-6500 http://www.santafenm.gov/index.asp

Santa Fe County 505-986-6200 http://www.co.santa-fe.nm.us/

Federal Real Estate Tax Rules for Property Owners http://www.real-estate-owner.com/

Finance Pre-Qualification is nothing to fear. Call 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.

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

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

International Relocation Services

MOVING OR RELOCATING ?
International Relocation Services connects you with independent real estate brokers anywhere in the nation. Call toll-free for no-obligation relocation info.

1-800-523-2460, ext, F-903

http://www.intrelocation.com/

Featured Property:
38 Droege Rd

Residential Horse Property: 38 Droege Rd $720,000

View this listing

Featured Property:
224 Artist Rd, #1

Residential Condo Property: 224 Artist Rd, #1 $315,000

View this listing

Seller Tips

Selling a home in Santa Fe, Eldorado, or Los Alamos?

Broker Anthony Atwell and his team of experienced Realtors are committed to bring you great results.

When you're ready to sell, the Santa Fe One Realty team will lead the way.

• Free Home Market Analysis, Call Now
• Listing Team for Fast and Effective Sale of Your Home
• Strong Internet Presence for Out-of-Town Shoppers
• Proven Direct Mail and Advertising Campaigns
• Consistent and Responsive Communication
• Pricing and Negotiation Strategies

We promise to be your partner throughout this important process. We'll keep it simple. We'll keep you informed and we'll sell your house fast, at the right price.
Thank you.

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

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

Existing and new single family detached home sales:

City of Santa Fe

Northeast
4 sold, median price $642,500
Northwest
15 sold, median price $326,000
Southeast
55 sold, median price $580,000
Southwest
92 sold, median price $254,000
Total City of Santa Fe
210 sold, median price $375,500

Santa Fe County

North
66 sold, median price $671,500
Southeast
90 sold, median price $355,000
Eldorado
56 sold, median price $319,400
Southwest
109 sold, median price $244,120
Total Santa Fe County
265 sold, median price $345,243

Total City of Santa Fe/Santa Fe County
475 sold, median price $364,000

Condo/Townhome  City and County
149 sold, median price $213,000
Duplex, Xplex  City and County
8 sold, median price 322,747
Mobile/Manufactured City and County
9 sold, 211,500

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 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

Francis Phillips, Delta Mortgage
505-690-7251, francisphillips@qwest.net

Interest rates, See www.Bankrate.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

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, Rio Chama, Rio Grande, Pecos River and more!

Are you ready to Buy or Sell a property?
Get professional help from a Real Estate Broker who understands service!
Anthony Atwell, Jr. - ABR, Broker, Epro
tony@santafeone.com, cell 505-670-2177, toll free 1-866-264-4848
Santa Fe Real Estate Scene, March 2005
Published by Santa Fe One Realty
http://SantaFeOne.com