Santa Fe Real Estate Scene
1st Quarter 2008

Broker Remarks

Santa Fe Buyers - Are you tired of a volatile stock market?

Are you ready for investment stability?

Now is the time to invest in Santa Fe real estate. Stop watching the media doom and gloom. Take a long term look at your financial strategy and consult with your accountant. Obtain financial pre-qualification from: a mortgage broker, bank, or financial service company like Morgan Stanley. Then evaluate your relocation strategy and go shopping!

If you have to sell before you invest in Santa Fe, use an experienced agent to price with your market. Offer buyer incentives and focus most of your marketing on the internet.

Now is the time to make your deal in the 300K-500K market and the 1.2-5 million market due to high inventory. Builders holding 2007 inventory are ready to make your deal during the winter.

Come May, watch the deals fade away as tourists return to visit Santa Fe. Santa Fe serves millions of visitors a year and retiring baby boomers that drive our market.

Tip of the Day – Call mortgage broker Troy Lepisto at Countrywide Home Loans for your complimentary financial pre-qualification, 800-264-2114, 505-984-0297.

MLS home statistics for Santa Fe & Santa Fe City Limits, 2/15/08:

Santa Fe Sellers - Pay attention and take action !
Fewer buyers in the market, record levels of inventory 300K-500K.
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.

"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, $1,750,000 – Price Reduced

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

3470 Via Janna, Santa Fe
MLS 708543, 2484 sqr/ft, 3 bdm, 2bth, 2 garage,
2 fireplace, patio, cul-de-sac
$660,000

Click image at right to view more listings

4227 Twin Yuccas, Santa Fe
MLS 708541, 1283 sqr/ft, 3bdm, 2bth, 1 car garage, fireplace, landscaped, upper deck
$310,000

Click image at right to view more listings

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
22 sold, median price $697,500
Northwest, 02
12 sold, median price $318,000
Southeast, 03
28 sold, median price $730,750
Southwest, 04, 04N, 04S, 13
79 sold, median price $284,000
Total City of Santa Fe
141 sold, median price $350,000

Santa Fe County

North, 15, 16
7 sold, median price $425,000
Northwest, 24, 25
45 sold, median price $910,000
Southeast, 05, 07, 08, 10, 14, 26
51 sold, median price $457,500
Southwest, 06, 11,12, 27
29 sold, median price $316,058
Eldorado, 14
26 sold, median price $391,000
Total Santa Fe County
273 sold, median price $433,500

Condo/Townhome  City and County
89 sold, median price $310,605
Duplex, Xplex City and County
0 sold, median price $675,000
Mobile/Manufactured City and County
8 sold, median price $137,500

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.

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
800-264-2114, 505-984-0297
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!