The boxing or wrestling announcer says that phrase into the microphone to get the audience to pay attention as the match is about to begin. Not that anyone attending such an event would not pay attention, but its the start of the “action” And so we have arrived at the start of the “action” for Santa Fe real estate for 2013.
The first 5 months of the year were a build up to what most expect to a busy summer, with buyers buying and sellers selling and brokers facilitating deals. If you are in one of those 3 categories, you likely will have a say in which Title and Escrow company handles the settlement procedure.
For the record, Southwestern Title & Escrow should be considered for numerous reasons.
236 Montezuma Ave. Santa Fe, NM 87501 – 505-820-1800 – www.sftitles.com
Southwestern imprints its business cards, website, letterhead and all communication with this phrase:
A LOCALLY OWNED COMPANY – INVESTED IN NEW MEXICO
Contact them today to start a file for your next transaction. Southwestern handles real estate transactions in Santa Fe County and also has a branch office for your real estate business in Rio Arriba County. The local aspect alone is an excellent reason to work with Southwestern. Plus their many years of experience and depth of title knowledge makes the company a winner in our marketplace.
Back to the statistics for Santa Fe residential real estate, the Monthly Sales chart (on the right side on the home page) shows an amazing 161 home sales during May 2013. That is the best single month of results (except for one month) since August 2007. So we are doing something right around here.
We have also seen a substantial increase in inventory, which seems to keep a lid on the potential for overconfidence in our recent success. That unknown quantity of homes that did not sell the last 6 years (the ones that owners still want to sell) still casts a slight shadow over our current place in the sun.
Extensive statistical analysis of our market shows we are going to have to keep up the good work on moving out this inventory to keep the momentum going. We can do that without too much headwind. Here is hoping interest rates stay low and the world’s financial issues don’t wash ashore here. I have always said that housing could have led us out of the financial crisis, but it was not allowed to happen. Now hopefully we can at least plan for an entertaining rumble this summer.