Download - Santa Fe Market Update | Q3 2015
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data may not reflect all real estate activity in the market area.
Santa Fe Market UpdateThird Quarter 2015
SANTA FE BROKERAGES
Washington Avenue Brokerage | t. 505.988.8088
Grant Avenue Brokerage | t. 505.988.2533
East Palace Brokerage | t. 500.982.6207
sothebyshomes.com
Santa Fe, NM | mls: 201503762
Number of Units Sold, Average Days on Market (DOM), and Average Sales Price for Residential Listings Sold (Single Family, Condos, and Townhouses) for the First Half of 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
A MESSAGE FROM OUR QUALIFYING BROKER:
Gregg Antonsen, t: 505.988.2533 | [email protected]
In the third quarter of 2015, residential sales in Santa Fe continued at a relatively steady pace.
According to the Santa Fe Association of Realtors Multiple Listing Service, recorded sales in all
but one price band increased – with a healthy and welcome uptick of 14.29% in the $1 million
- $2 million price range. Average days on market declined slightly in all but one price band.
Although sales were steady, both average and median prices continued their slight downward
trend; a good sign for those buyers wishing to enter the market before prices begin to rise.
This trend may be nearing an end since listing inventory across the board showed double-digit
declines in all but one price category – certainly a call to action for those buyers on the sidelines.
Sotheby’s International Realty ended the third quarter of 2015 by closing the significant sale of Forked Lightning Ranch,
formerly owned by Jane Fonda, which had been listed at $19.5 million (see page 8). We wish to congratulate Ray Rush and Tim
Van Camp of our Washington Avenue office who represented the buyer – what a great way to enter the final quarter of 2015!
231 Washington AvenueSanta Fe, NM 87501t: 505.988.8088
326 Grant AvenueSanta Fe, NM 87501t: 505.988.2533
417 East Palace AvenueSanta Fe, NM 87501t: 505.982.6207
SANTA FE BROKERAGES | sothebyshomes.com/santafe
2424
1761
1325
1137 1274
1241
1441 1593
1665 1878
160 157 180 190 195 205 219 178 179 169
$446,617
$485,272 $479,889
$400,377 $401,019
$417,589 $391,329 $389,150 $389,548 $387,218
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
0
500
1000
1500
2000
2500
3000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Units Sold Avg. DOM Avg. Sales Price
THIRD QUARTER ACTIVITYNumber of Units Sold, Average DOM, and Average Sales Price for Residential Listings Sold
in All Areas for First, Second and Third Quarters of 2006 through 2015
10 CALLE VENTOSO WESTMLS 201503612 | $1,090,000
Custom-built home with dramatic vistas, numerous
details, distinctive style, and a flexible configuration.
Marion Skubi, ABR, CRB, CRS
505.954.0730
FEATURED LISTINGS
1519 BENT HILLMLS 201504440 | $1,260,000
Elegant, meticulously maintained custom home in
the Santa Fe Summit with great mountain views.
Laurie Hilton, ABR, CRS
505.690.3751
EL RANCHO DE LA MARIPOSAMLS 201504179 | $8,500,000
On over 14 verdant acres, near the Taos Plaza.
1930s mansion, historic art studio and museum.
Malissa Kullberg and Joshua Maes
505.231.4046
sothebyshomes.com/santafe
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSALES
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Average Sales Price Median Sales Price
THIRD QUARTER AVERAGE & MEDIAN SALES PRICES
YEAR AVERAGE SALE PRICE MEDIAN SALE PRICE
2006 $446,617 $345,0002007 $485,272 $375,0002008 $479,889 $330,0002009 $400,377 $297,0002010 $401,019 $305,0002011 $417,589 $299,5782012 $391,329 $285,5002013 $389,150 $300,0002014 $389,548 $291,5002015 $387,218 $290,000
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
2013 2014 2015
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1 - $2 MILLION
Above $2 MILLION
THIRD QUARTER CLOSED SALES
PRICE RANGE 2013 2014 2015 % Change(2014 v 2015)
UP TO $249,999 613 675 740 9.63%
$250,000-$499,999 627 614 728 18.57%
$500,000-$749,999 188 211 232 9.95%
$750,000-$999,999 95 94 95 1.06%
$1M-$2M 60 63 72 14.29%
ABOVE $2M 10 12 11 -8.33%
0
50
100
150
200
250
300
350
400
450
2013 2014 2015
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1-$2 MILLION
Above $2 MILLION
THIRD QUARTER AVERAGE DAYS ON MARKET
PRICE RANGE 2013 2014 2015 % Change(2014 v 2015)
UP TO $249,999 166 171 168 -1.75%
$250,000-$499,999 167 168 161 -4.17%
$500,000-$749,999 203 196 167 -14.80%
$750,000-$999,999 229 252 220 -12.70%
$1M-$2M 227 195 197 1.03%
ABOVE $2M 427 274 242 -11.68%
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES
0
100
200
300
400
500
600
2013 2014 2015
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$Above $1M
LISTING INVENTORY AS OF 9/30: SANTA FE COUNTY
PRICE RANGE 2013 2014 2015 % Change(2015 v 2014)
UP TO $249,999 307 249 154 -38.15%
$250,000-$499,999 532 524 405 -22.71%
$500,000-$749,999 261 264 232 -12.12%
$750,000-$999,999 159 157 129 -17.83%
ABOVE $1M 239 254 248 -2.36%
THIRD QUARTER SALES BY PRICE RANGE 2014 2015
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1M-$2M
Above $2M
PRICE RANGE 2014 2015
UP TO $249,999 40% 39%
$250,000-$499,999 37% 39%
$500,000-$749,999 13% 12%
$750,000-$999,999 5% 5%
$1M-$2M 4% 4%
ABOVE $2M 1% 1%
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES
0
50
100
150
200
250
300
January February March April May June July August September October November December
2011 2012 2013 2014 2015
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service and are deemed reliable but are not guaranteed and are subject to change. Data may not reflect all real estate activity in the market area.
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS
NEW YORK, NY | Web: 00110341 | $1,700,000
SAN FRANCISCO, CA | Web: 0087579 | $1,525,000
HOUSTON, TX | Web: 1233394 | $1,595,000
RESORT MARKETS
PALM BEACH, FL | Web: 0076755 | $1,700,000
CAPE COD, MA | Web: 0403249 | $1,695,000
SANTA BARBARA, CA | Web: 0113946 | $1,800,000
FOREIGN MARKETS
COSTA RICA | Web: S349HB | $1,350,000
ITALY | Web: JM3MBW | $1,792,115
GREECE | Web: DNJSXS | $1,792,115
sothebysrealty.com
AUCTION CALENDAR OCTOBER | NOVEMBER 2015
American Paintings, Drawings and Sculpture New York 02 Oct
Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct
Photographs New York 07 Oct
RM Sotheby’s: Hershey Hershey 08 – 09 Oct
Property from a Distinguished Private Asian Collection New York 15 Oct
Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct
Collections: European Decorative Arts New York 17 Oct
The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct
Impressionist & Modern Art Evening Sale New York 05 Nov
Contemporary Art Evening Auction New York 11 Nov
Finest and Rarest Wines New York 14 Nov
American Art New York 18 Nov
Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov
Prints & Multiples New York 23 – 24 Nov
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015
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SIGNIFICANT SALES | Q3 2015
FORKED LIGHTNING RANCH | $19,500,000 list
Ray Rush | Tim Van Camp | 505.577.5117 | 505.690.2750 (selling brokers)
7 CAMINO DON PATRON | MLS 201500047 | $1,175,000 list
David Woodard | 505.920.2000
107 PASEO DEL CONEJO | MLS 201500338 | $1,100,000 list
Penelope Vasquez | Johnnie Gillespie | 505.690.3751 | 505.690.1909
1013 PLACITA DON ANDRES | MLS 201501038 | $1,595,000 listMatthew Sargent | 505.490.1718
168 TESUQUE VILLAGE ROAD | MLS 201501267 | $1,995,000 list
Darlene Streit | 505.920.8001
18 GREEN MEADOW LOOP | MLS 201405639 | $1,375,000 list
Roxanne Apple | Johnnie Gillespie | 505.660.5998 | 505.690.1909