It would be easy to think all is rosy and wonderful as it would be equally easy to believe the world is your enemy and you can’t catch a break. It depends on your perspective. If you are a buyer of Santa Fe real estate, the opportunities are legion. If, however, you are a seller, there are precious few motivated buyers out there taking action and willing to pay your price.
Exceptions abound, of course. Some buyers do not focus on price so much as quality, views and location. They tend to be the exception to the norm. They also may not think much of the choices out there. Also, sellers often start at a price near what they paid and belatedly come down to where the market confirms it will sell. The exception is the newly listed property priced to sell right away. Not all listings are overpriced; just the one you want, it seems. Make an offer when you know what you want at the price you will pay. It might work out for everyone.
So yes it can be said to be a healthy real estate market in Santa Fe, NM -or- one could make a strong case for us still bouncing along the bottom as we work through inventory of short sales and foreclosures. Whatever your point of view, work with someone that can first help you get what you need, and possibly help you get what you want. Don’t be greedy, there is not that much extra to go around. Consider that a successful real estate transaction is a bit of a compromise. We all get something we need, not always everything on our wish list.
As you have come to expect around the 10th of each month, newly updated statistics and trend lines are available on the pages shown on the left side of the home page. You are welcome to review and share this information with appropriate credit given.
Monthly tracking shows a great June 2014, while the first six months of this year show an increase of almost 8% in unit sales compared to 2013, and a 15% increase since 2012. We are definitely on the right track. And we are en route to our chosen destination. But, sorry, this is not an express and we are going to keep stopping whenever anyone wants to get on or off this train. Enjoy the ride.