santa fe market update | q4 2014
DESCRIPTION
Santa Fe 2014 Market ReportTRANSCRIPT
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They many not reflect all real estate activity in the market area.
Santa Fe Market UpdateFourth Quarter 2014
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: 201403724
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]
The Santa Fe real estate market closed out the final quarter of 2014 relatively unchanged— continuing the stability it had experienced during the preceding two quarters. According to the Santa Fe Association of Realtors, when compared to one year ago, units sold, average days on market and average sales price remained only slightly changed with a slight increase in number of units sold (99). As one examines the breakdown of closed sales, a clearer picture emerges showing double-digit or near double-digit percentage increases in four of six price categories, with healthy increases in the $750,000 to $999,999 ranges (+14.15 percent) and the all-important ranges of $1M to $2M (+8.88 percent). Average days on the market remains relatively stable in most price categories with an impressive
decline in days on market found in residences priced above $2M, a reflection of the fact that sellers in this price category were pricing homes more realistically from the point of view of active buyers. 76 percent of all Multiple Listing Service recorded sales were under $500,000, a mere two percent decline in that price category from one year ago. As we enter the first quarter of 2015, it appears that the stability achieved throughout 2014 will continue to be the trend at least for the not-too-distant future.
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
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They may not reflect all real estate activity in the market area.
3377
3095
2247
1713 1568
1676 1,696
1970 2133
2232
146 157 161 182 191 196 206 215 176 179
$410,534
$447,716
$486,375 $473,255
$405,950 $402,721 $415,166
$394,807 $396,373 $396,738
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
0
500
1000
1500
2000
2500
3000
3500
4000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Units Sold Avg. DOM Avg. Sales Price
962 CERRO DE LA PAZMLS 201404709 | $3,900,000
Magnificent 7,655-square-foot, three-bedroom
hilltop estate with pool, sited on 12.6 acres
Chris Webster
505.980.9500
FEATURED LISTINGS
418 CANYON ROADMLS 201402240 | $1,950,000
Gracious historic Eastside 3,073-square-foot
double adobe on Canyon Road
Santa Fe Real Estate Consultants | K.C. Martin
505.231.7598 | 505.690.7192
86 ESTATES DRIVEMLS 201405469 | $1,395,000
Beautiful four-bedroom, 5,000-square-foot Las
Campanas home in a peaceful and private setting
Bob Burbic | Stephanie Yoder
505.670.9399 | 505.412.9911
sothebyshomes.com/santafe
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMSSALES
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
1 2 3 4 5 6 7 8 9 10 11
Average Sales Price Median Sales Price
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
1 2 3 4 5 6 7 8 9 10 11
Average Sales Price Median Sales Price
AVERAGE AND MEDIAN SALES PRICES, FULL YEAR
YEAR AVERAGE SALE PRICE MEDIAN SALE PRICE
2004 $374,679 $290,0002005 $410,534 $310,5002006 $447,716 $345,0002007 $486,375 $373,0002008 $473,255 $330,0002009 $405,950 $299,5002010 $402,721 $305,0002011 $415,166 $300,0002012 $394,807 $292,5002013 $396,373 $300,0002014 $396,738 $295,000
0
100
200
300
400
500
600
700
800
900
1000
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
0
100
200
300
400
500
600
700
800
900
1000
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
CLOSED SALES
PRICE RANGE 2012 2013 2014 % Change(2014 v 2013)
UP TO $249,999 795 806 887 10.04%
$250,000-$499,999 710 856 819 -4.32%
$500,000-$749,999 267 254 285 12.20%
$750,000-$999,999 108 113 129 14.15%
$1M-$2M 75 90 98 8.88%
ABOVE $2M 15 14 14 0.00%
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014
Up to $249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 1MIL-‐2MIL Above 2MIL
AVERAGE DAYS ON MARKET
PRICE RANGE 2012 2013 2014 % Change(2014 v 2013)
UP TO $249,999 197 166 172 3.61%
$250,000-$499,999 194 166 166 0.00%
$500,000-$749,999 254 192 193 0.52%
$750,000-$999,999 305 235 235 0.00%
$1M-$2M 292 216 214 -0.92%
ABOVE $2M 458 353 266 -24.64%
SINGLE FAMILY HOMES, TOWNHOUSES, CONDOMINIUMS SALES
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014
0-‐$249,999 $250,000-‐$499,999 $500,000-‐$749,999 $750,000-‐$999,999 $1,000,000 and Above
LISTING INVENTORY AS OF 12/31: SANTA FE COUNTY
PRICE RANGE 2012 2013 2014 % Change(2013 v 2014)
UP TO $249,999 285 264 238 -9.85%
$250,000-$499,999 362 445 420 -5.62%
$500,000-$749,999 186 181 219 20.99%
$750,000-$999,999 125 146 129 -11.64%
ABOVE $1M 207 219 210 -4.11%
SALES BY PRICE RANGE 2013 2014
Up to $249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1M-$2M
Above $2M
PRICE RANGE 2013 2014
UP TO $249,999 38% 39%
$250,000-$499,999 40% 37%
$500,000-$749,999 12% 13%
$750,000-$999,999 5% 6%
$1M-$2M 4% 4%
ABOVE $2M 1% 1%
RESIDENTIAL SOLDS BY MONTH - ALL PROPERTY TYPES
Statistics and numbers are obtained from the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but are not guaranteed and are subject to change. They may not reflect all real estate activity in the market area.
0
50
100
150
200
250
January February March April May June July August September October November December
2009 2010 2011 2012 2013 2014
Obtained from theSanta Fe Association of Realtors Multiple Listing Service.Deemed reliable but not guaranteed and subject to change.
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS
NEW YORK, NY | Web: 0019518 | $1,285,000
SAN FRANCISCO, CA | Web: 0087074 | $1,998,000
HOUSTON, TX | Web: 1231592 | $1,250,000
RESORT MARKETS
MALIBU, CA | Web: 0172738 | $1,649,000
PALM BEACH, FL | Web: 0076476 | $1,495,000
SANTA BARBARA, CA | Web: 0592850 | $1,149,000
FOREIGN MARKETS
VIETNAM | Web: SMT2WL | $1,500,000
SOUTH AFRICA | Web: E5JGKG | $1,382,266
COSTA RICA | Web: VKP28Q | $1,298,000
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SIGNIFICANT SALES | Q4 2014
57 GREY WOLF | MLS 201403795 | $2,950,000 list
Ray Rush | Tim Van Camp | 505.577.5117 | 505.690.2750
14 PAINTED HORSE | MLS 201304070 | $2,275,000 list
Marion Skubi | Johnnie Gillespie | 505.660.8722 | 505.690.1909
162 CALLE JOSEPHINA | MLS 201403428 | $980,000 list
Laurie Hilton | 505.780.3237
318 DELGADO | MLS 201404964 | $1,295000 list
Jane Reid | 505.629.9821
576 CAMINO DEL MONTE SOL | MLS 201303129 | $1,275,000 list
Ann Brunson | Ed Schroeder | 505.690.7885 | 505.690.1007
905 CAMINO RANCHITOS | MLS 201401976 | $1,205,825 list
The Santa Fe Team | 505.780.0310