A time of transition

Over the next month or so this blogsite will undergo some changes in authorship and management. Eventually the style and design will likely change also, but that will be up to the new administrators.

A little review; many years ago I started a monthly newsletter with information about Santa Fe residential real estate. It has always been free and seemed well received by those that wanted to be on my mailing list. Years later, I converted the information into this blog format so it would be available 24/7 to any interested readers. Over the years various charts and spreadsheets were developed to illustrate the local trends of real estate sales and inventory in Santa Fe. Those same charts are still available to you by clicking on any item from the list in the left margin. In many cases the history of statistics runs from 2001 thru 2019.

The entire economic meltdown and real estate crash is reflected in the charts and figures, primarily visible in comparisons from 2007 to 2016. Yes it really did take us almost ten years to completely climb out of the hole we fell into. I do not choose to remind you how painful those years were for home sellers, mortgage lenders and Realtors alike. Now things are much different. Sales occur quickly and very few homes stay on the market for a long period of time. You’d have to find a poorly built dwelling with obsolete floor plan, missing canales, rotted out subfloors and aromas of mold to find a home that does not sell in short order. As always, the above average homes sell first. then average, then eventually the leftovers that someone learns to love despite its flaws. There is less than a three month inventory available in homes under $500,000. Even homes above a million show less than a year’s supply compared to 2009 when it took almost four years on average to sell a home.

So as yours truly, this trusted blogger, arrives at an age near 70, he has happily decided it is time to do new things and leave the blogging to others. In this case, santaferealestateconsultant.com that happens to be a talented team you will get to know soon enough. I have worked with Melissa Pippin-Carson and Roger Carson for many years and know they will be good stewards of this real estate blog. They already author a print column in the Santa Fe New Mexican monthly supplement for real estate known as the Guide. I cannot tell you which one does most of the writing or if its shared equally, but count on quality content and also know that you can confidently work with them accomplishing your own personal real estate needs. Their established success and leadership in the area real estate market makes them a top choice among real estate professionals.

Twicethesellingpower@gmail.com is their email address.

Posted in Posts & Updates, Real estate career, Santa Fe area real estate, Statistical Data - Santa Fe real estate market and tagged , , .

The writer is a 68 year-old young man engaged as an active REALTOR (associate broker) with Keller Williams, in real estate sales and management in the Santa Fe NM market area. My career has been in and around the real estate industry for more than 35 years, ranging from mortgage lending (interim, commercial, residential); residential property management and leasing; shopping center development and leasing; real estate sales; sales training; title insurance as an executive and an escrow officer; various management positions; consulting and other related activities. That plus a bunch of banking experience including our family-owned Bank of Santa Fe in the 1980s. Where has the time gone?
My background means you have my working knowledge of the entire transaction process at your disposal. That comes with honesty and no bullshit.