Santa Fe Real Estate Scene
4th Quarter 2007

Broker Remarks

Santa Fe Buyers - Focus on finding your best choice with this high level of inventory in Santa Fe. Investors will pay for the highest quality, though favorable opportunities exist to invest below median values. Do not wait too long to visit Santa Fe, we still have 4 million visitors a year and baby boomers that drive our market.

End of Year Buyer incentive – Broker Atwell offering $1,500 toward buyer closing costs. Southwest Home loans offering $1,500 toward buyer closing costs. $250,000 minimum loan amount, close by 12/28/07.

Santa Fe Sellers – pay attention and take action ! Fewer buyers in the market, record levels of inventory. Price to sell, Price under the median value. Focus on: presentation, buyer incentives, internet marketing.  80% of today’s buyers on the internet looking for real estate.

End of Year Listing incentive – Broker Atwell offering $1,500 toward buyer closing costs for any listing taken by 12/28/07.

BT Homes offering BEST TIME TO BUY Incentives

Choose from four beautiful communities. Build your dream home from scratch and pick and upgrade package worth up to $15,000 in value for $10.00. Or choose from current inventory and save TENS OF THOUSANDS!

6% credit of sales price, credited toward: down payment or closing costs if you use their financing at 1st Metropolitan. Also, any presales at La Pradera by year end and BT Homes will waive lot premium.

Tip of the Day – Call mortgage broker Frank Sena at Southwest Home Loans for your complimentary financial pre-qualification, 505-474-6864. $1500 credit buyer closing costs if close by 12/28/07.

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

Click here to search the MLS.

Santa Fe Properties for Sale

Cruz Blanca Court, Santa Fe, b2004, 3986 sqr/ft, 3 bedroom, 3 bath, 3.3 acres, $1,900,000 – Price Reduced

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

224 Ephriam, Santa Fe. $675,000 - Price Reduced, 2184 sqr/ft main, 784 sqr/ft guest now rented for $800/mo. Rare Ridgetop home, magnificent Mtn views, 5 minute drive to downtown Santa Fe.

Click image at right to view more information

Pacheco Meadow Lane, Tesuque Foothills
$875,000, 75 acres undeveloped land in Pacheco Canyon, Tesuque. Huge views of Rio Grande Valley. Off paved road, existing well. 15 minute drive to Santa Fe.

Click image at right to view more information 

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

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, long term growth trend as populations grow and resources shrink.

Statistics

Existing and new single family detached home sales:

City of Santa Fe (MLS codes)

Northeast, 01
38 sold, median price $952,500
Northwest, 02
14 sold, median price $520,689
Southeast, 03
26 sold, median price $707,137
Southwest, 04, 04N, 04S, 13
92 sold, median price $281,000
Total City of Santa Fe
170 sold, median price $376,950

Santa Fe County

North, 15, 16
13 sold, median price $553,500
Northwest, 24, 25
30 sold, median price $877,000
Southeast, 05, 07, 08, 10, 14, 26
66 sold, median price $425,000
Southwest, 06, 11,12, 27
52 sold, median price $385,243
Eldorado, 14
36 sold, median price $409,063
Total Santa Fe County
331 sold, median price $422,500

Condo/Townhome  City and County
90 sold, median price $362,000
Duplex, Xplex  City and County
4 sold, median price $402,000
Mobile/Manufactured City and County
16 sold, median price $169,250

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.

Frank Sena, SW Home Loans, 505-474-6864, swhomeloans@yahoo.com, www.swhomeloans.com

Gary Miller, American Capital Mortgage, 505-920-4239, gary@acmsantafe.com

Steve Coffman, New Mexico Bank and Trust, 505-946-2524, scoffman@nmb-t.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!