Santa Fe Real Estate Scene
August 2005

Message from a Broker at JR Realty, Santa Fe

As former qualifying broker of Santa Fe One Realty, I am pleased to announce the merger of Santa Fe Realty with JR Realty, Inc. This merger came to be because the owners feel all clients interested in New Mexico real estate will be better served with JR Realty's offices in Santa Fe, Albuquerque, and Rio Rancho. Clearly we have inventory and listings in all price points to serve everyone's needs.

Homes sales price trends continue up in the Santa Fe area. The median sales price for a single family home in the Santa Fe area during the 2nd quarter
of 2005 reached $386,250, compared to 334,000 in 2004. See chart to right for other comparable values.

First Quarter 2005 Rates in major US real estate markets:

Without a doubt, continued interest in Santa Fe and Northern New Mexico stems from folks moving from bustling cities to a more quiet and
refined lifestyle that Santa Fe offers. Statistics from the National
Association of Realtors verify Baby Boomers are cashing out of pricey, if not overextended markets, and reinvesting for their retirements. Even though Santa Fe is at the end of the Santa Fe Trail, we enjoy: a sophisticated arts and non-profit community, moderate temperatures, consistent sunshine, fresh air, lack of traffic, extensive outdoor activities, and a mellow multi-cultural climate where no one judges a book by it's cover.

Santa Fe crime, high-school dropouts and water consumption are down
according to Santa Fe Trends, statistics compiled by City of Santa Fe
Planners. The city has grown by 5.8 percent since 2000. The City's
population estimated at 65,800 and the County of Santa Fe's population
estimated at 141,000. Copies of Santa Fe Trends are available for $2.00
each from the planning division on the second floor of City Hall, 200
Lincoln Avenue

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

Featured Property:
Chapelle Mesa

Residential Horse Property: Chapelle Mesa $150,000

View this listing

Featured Property:
1000 Monte Serena

Residential Condo Property: 1000 Monte Serena $350,000

View this listing

Seller Tips

Selling a home in Santa Fe, Eldorado, Albuquerque or Rio Rancho?

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

Call Direct toll free, 1-866-264-4848

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

STATISTICS
Santa Fe Association
of Realtors
2005 Second Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
44 sold, median price $652,450
Northwest
18 sold, median price $351,675
Southeast
54 sold, median price $569,000
Southwest
84 sold, median price $259,000
Total City of Santa Fe
200 sold, median price $393,440

Santa Fe County

North
65 sold, median price $676,900
Southeast
118 sold, median price $414,750
Eldorado
66 sold, median price $339,075
Southwest
105 sold, median price $265,307
Total Santa Fe County
488 sold, median price $380,000

Total City of Santa Fe/Santa Fe County
488 sold, median price $386,250

Condo/Townhome  City and County
186 sold, median price $222,250
Duplex, Xplex  City and County
13 sold, median price $252,000
Mobile/Manufactured City and County
13 sold, $135,0000

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 Capitol Mortgage
1-888-663-4422 toll free, amtsantafe@aol.com

Gaspar Esquibel, The Watkins Group
505-470-9888, gaspar@watkinsgroup.biz

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!