Santa Fe City and County home inventory continues to remain low at 317 properties. The median sales prices between Sept 17- Sept 21, 2021 shot up from a week ago ($509,575) to now $575,000 with a total of 47 home sales in both the city and county. There is still steady buyer demand due to our Santa Fe destination. If you track these weekly blogs you will see fluctuation within the Seller market. The by area detail snapshop with number of homes sold and median price is next.
| Northeast City | 7 sold | $814,000 median price |
| Southeast City | 6 sold | $822,000 median price |
| Northwest City | 2 sold | $467,000 median price |
| Southwest City | 16 sold | $337,500 median price |
| Eldorado S/D | 3 sold | $525,000 median price |
| Northeast County | 1 sold | $1,250,000 median price |
| Southeast County | 3 sold | $750,000 median price |
| Northwest County | 4 sold | $910,000 median price |
| Southwest County | 4 sold | $382,000 median price |
| Far South County | 1 sold | $795,000 median price |
All above data is from the Multiple Listing Report of Santa Fe Association of Realtors for the period of Sept 17 – Sept 23, 2021.
Today, the Santa Fe housing market remains a steady Sellers’ market. This means days on market under 90 days. Yet, if you are a Buyer, historically very low mortgage interest rates do still remain in your favor. The U.S. mortgage rates as of Sept 23, 2021 from Freddie Mac are 2.88%/30 year conventional, 2.15%/15 year conventional and 2.42% 5/1 ARM rate.
Why not learn more? Now is not the time to miss any opportunity for yourself and family. Call or text Emily Medvec at 505.660.4541 for a seller or buyer consultation appointment. Being complacent is never a choice. It is best to be more informed about the market, trends, neighborhoods and other information you need to know before your next move or even the value of your home today. What are some solutions to selling a still finding a home you can afford? Does it make sense to continue renting? Why is new construction home prices increasing so much? Is now the time to downsize or upsize? How is are Santa Fe market different due to Covid-19? The bottom line is let’s connect soon and talk about what is important to you and your situation. Time is money!
PS. The image source is the cover of book on my shelf, Voyage to Santa Fe, a historical spellbinder by Janice Holt Giles about a newly married couple on a wagon train from St. Louis venturing into a different route to Santa Fe. The realities of a vogage to Santa Fe in the 1800s was beyond different than being on the move today.