Hits: 12If Santa Fe residential real estate gets any hotter, we are going to have to jump in the pool. At this point year-to-date we are 11.5% ahead of last year’s unit sales pace. Through July 31, 2015, 1139 sales had been reported while the same period in 2014 saw 1022 sold. That fact alone […]
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These numbers are great!
Hits: 12Several milestones were reached recently that inform us once again that our slow but steady climb out of the worst of the recession is over. The one I want to mention first, available in the Monthly Residential Sales chart from the list of reports on the left side of this blog, is the single […]
Continue readingA moment of balance
Hits: 22Librans like to focus on balance and harmony. There is a time when balance in the real estate market can be found and its right about now. This is the time we change over from cool to warm when taking the temperature of our market. We’ve had enough of tepid. What happened in June […]
Continue readingAuld Lang Syne (in June?)
Hits: 22A song of goodbye and farewell, of happy trails, sayonara, adios, ciao… a song marking the end of a time and the grand hopes of the beginning of another time… Thank you Robert Burns. We have arrived at the end, the bitter end, of the deep and dark recession that has buried Santa Fe […]
Continue readingWhat’s going on?
Hits: 17A classic title to the Marvin Gaye song, stolen for a title to a post about Santa Fe residential inventory; what a crock! If you aren’t too upset, please read on. The focus of the Absorption Rates posted in this blog have to do with length of time on the market a home might […]
Continue readingAt the first quarter pole
Hits: 24Three months in the books and we can say the year looks promising, although best ever or wonderful do not need to be said. No predictions here, yet March this year was a busy month with more sales recorded (from the Santa Fe Association of Realtors database known as MLS) than all but 4 […]
Continue readingThe foreclosure lessons
Hits: 24A couple of days ago, a daily Santa Fe New Mexican issue included legal notices of three foreclosure actions in progress. It’s public notice to publish the foreclosure action by a note holder against a borrower. Mostly the note holder will end up with ownership and possession of the property after a costly and […]
Continue readingIn with the new seasonal mix
Hits: 20Ahhhhhhh, Spring! When pollen fills the air and hope fills the real estate marketing pages, you know it is springtime. What should we expect? Inventory will rise dramatically from now until at least June. While we continue to sell and close, new listings will show up in greater numbers, so the overall picture […]
Continue readingIt’s official, price is everything
Hits: 11Just when you thought it was safe to believe home buyers now focus on the quality of improvements in a home, bingo! They still care about price first. Second most important issue is: also the price. And then it might expand into location or views or bedroom size or acreage. But first and foremost, […]
Continue readingBaker’s dozen minus the donuts
Hits: 27Updated residential real estate statistics have now been posted for the Santa Fe NM market area through the end of January 2015. There are plenty of bright spots and a few not too exciting numbers.
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