Santa Fe Real Estate Scene
March 2007

Broker Remarks

When the stock market took a drop of $500 billion in early March, I remembered why investment diversification is important.

Real Estate benefits versus Stock benefits...

1. Real estate is far less volatile than the stock market.
2. Real estate has superior tax benefits.
3. Real estate can generate significant cash flow.
4. Real estate allows investors a high degree of leverage with lower risk.
5. Real estate appreciates because housing is a universal need, continuing a long term growth trend as populations grow and resources shrink.

Tax Tips for your 2006 filings

Time to prepare 2006 taxes and financially plan for your real investments 2007.

Always consult with your Accountant and Attorney before filing.
Some tips to consider:

• Deduct your home mortgage interest
• Deduct major home improvement costs / adding rooms, garages, landscape
• Consider refinancing from an adjustable rate to a fixed rate
• Contact your mortgage broker or bank for the latest finance ideas
• Evaluate your situation, is 2007 time to invest or sell?

Status of the Santa Fe market

In column to right you can evaluate median values by area and current sales.

Below see MLS residential home statistics for Santa Fe, Santa Fe City Limits, February 2007.

Tip of the Day – Realtor Magazine Online just voted Santa Fe, New Mexico as the second most creative city in America.

"Create Wealth Through Santa Fe Real Estate”
Call Broker Atwell Now, 505-670-2177

Click here to search the MLS.

Hot Property

Foothills Splendor, SE Santa Fe

Nestled in some huge Ponderosa Pines, ten minute drive to the Santa Fe Plaza. This home has it all – 180 views of Santa Fe and Rio Grande Valley, privacy on 3.3 acres, gated community, security, five kiva fireplaces, covered deck with grill area, kitchen with kiva fireplace, flagstone flooring with radiant heated, plastered walls, wired for the latest entertainment centers, and more!

Click images at right to view more information and an online video clip

3 bedroom, 3 bath,
3986 sqr/ft, 3.3 acres,
$2,400,000           

Listing Tips

• Complimentary Home Market Analysis
• Complimentary Pre Listing Package
• Strategic Internet Presence
• Proven Marketing Campaigns
• Consistent and Responsive Communication
• Pricing and Negotiation Strategies
• Seller Tips, see http://www.santafeone.com/articles/sellers.html

Statistics

Existing and new single family detached home sales:

City of Santa Fe (MLS codes)

Northeast, 01
34 sold, median price $787,000
Northwest, 02
22 sold, median price $481,000
Southeast, 03
49 sold, median price $619,836
Southwest, 04, 04N, 04S, 13
116 sold, median price $286,000
Total City of Santa Fe
221 sold, median price $375,000

Santa Fe County

North, 15, 16
16 sold, median price $787,000
Northwest, 24, 25
34 sold, median price $746,592
Southeast, 05, 07, 08, 10, 14, 26
75 sold, median price $429,000
Eldorado, 14
45 sold, median price $387,610
Southwest, 06, 11,12, 27
52 sold, median price $341,695
Total Santa Fe County
177 sold, median price $442,000

Condo/Townhome  City and County
139 sold, median price $285,000
Duplex, Xplex  City and County
9 sold, median price $675,000
Mobile/Manufactured City and County
8 sold, median price $182,000

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

Gary Miller, Santa Fe Mortgage Source
1-877-982-9530 toll free, gary@santafemortgagesource..com

Chuck Watkins, The Watkins Group,
505-989-9900,
charles@watkinsgroup.biz

Patrick Baldonado, First National Bank of Santa Fe,
505-992-2266,
PBaldonado@1stnationalbanknm.com

Whitney Smith, Wells Fargo Home Mortgage,
505-319-1908,
whit.smith@wellsfargo.com

Troy Lepisto, Countrywide Home Loans
505-995-3138,
Troy_lepisto@countrywide.com

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

Inside Santa Fe www.insidesantafe.com
Santa Fe Visitors Guide, www.santafe.org

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

RE/MAX Capital Realty services: 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!