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Santa Fe Real Estate Market Trends providing statistics, graphs and reports on Santa Fe, NM 2013 - 2014 home sales 
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  • "Martin is by far the best real estate agent I have ever known"
  • "I have worked with Martin Wright three times now... I absolutely recommend Martin to anybody looking to buy or sell a home."
  • "We greatly appreciate Martin, and everything he did to facilitate the sale and closing of our home. His help was instrumental in our piece of mind."
  • "I am writing to express my complete satisfaction with Martin Wright as a Realtor... I would be delighted to answer any specific questions regarding Martin's performance."
  • "Martin was the outstanding professional we were looking for and having him work with us made a nerve-wracking negotiation a wonderful success!."
  • "We highly recommend Martin to anyone looking for a highly effective and reliable real estate agent."
  • "Martin Wright is simply the best."
Read more about why Martin's customers keep coming back and recommending him to others: Letters of recommendation for Realtor Martin Wright 

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Martin  Wright
CRS®  e-PRO®  GRI®  TRC®  Realtor®
COLDWELL BANKER®
TRAILS WEST REALTY, LTD.
Visual Marketing Specialist®
mobile  505 603 2621
toll free  800  775  5550  ext  355
martin@santafestar.com
Your Realtor in Santa Fe
Martin sells homes and land in the Santa Fe, New Mexico area. A Realtor with the designation of Certified Residential Specialist, an e-PRO Internet Professional, Graduate Realtor Institute, Transnational Referral Certified, and a licensed New Mexico Real Estate Broker since 1994, his specialty is the residential real estate market - houses and the vacant land to build them on.

Real estate buyers, whether you want to relocate to our area, purchase a vacation home or condominium, acquire investment property, buy vacant land, or you're simply moving across town, Martin is your Realtor in Santa Fe.

Sellers, maximize your potential with Santa Fe's Premier Visual Marketing Specialist, utilizing contemporary web-based marketing strategies, combining worldwide connections with a deep understanding of what makes our City of Santa Fe special.

You want to talk to Martin before you make your next move.

Santa Fe Real Estate Topics of Interest

Santa Fe Home Sales Numbers Increase In February

Santa Fe, New Mexico - March 7, 2014 - Median sale price for a single family residence in the Santa Fe area was $365,000 for the month of February 2014. This is up 18% from the previous month's $310,000. It's a increase of 20% from the same month last year, and up 19% from two years ago.

There were 101 homes sold in February 2014. That's up 12% from last month's 90, up 28% from February 2013, and up 20% from February 2012. 930 homes were on the market for sale in February 2014. That's down 3% from the previous month, up 5% from last year, and down 9% from the same month two years ago.

As of February 2014, the number of months of inventory in Santa Fe County is 9.2. This is an absorption rate of 10.9%.

Please see the full report with graphs, Santa Fe Monthly Home Sales Statistics February 2014 Report

Those are the short term trends. And how about the longer term perspective? Let's compare the period of March 2012 - February 2013 with the period March 2013 - February 2014. The number of homes sold increased by 5.5% while the number offered for sale increased by 6.4.%; so supply increased more quickly than sales. Median price in that second time period was up by 2.9% over the previous year.

Source: Santa Fe Association of Realtors
© 2014 Martin Wright, CRS®, e-PRO®, GRI®, TRC®, Realtor®

Santa Fe Vs. Four US Regions In Residential Sales

Santa Fe, New Mexico - February 3, 2014 - My statistical reports customarily cover single family residences. This time, we examine total existing home sales, which are completed transactions that include single family homes, town homes, condominiums and co-ops. For all of 2013, there were 5.09 million sales in the US, which is 9.1 percent higher than 2012. It was the strongest performance since 2006 when sales reached an unsustainably high 6.48 million at the close of the housing boom.

The national median existing-home price for all of 2013 was $197,100, which is 11.5 percent above the 2012 median of $176,800, and was the strongest gain since 2005 when it rose 12.4 percent. Please see the full report with a comprehensive table of the important numbers Santa Fe Vs. Four US Regions In Residential Sales

As Santa Fe continues to be an exceptionally nice place to live, it is still a relatively expensive place to live. The numbers speak for themselves. Median price of a Santa Fe residence is 62% higher than the national average. Though price increases are lagging behind the rest of the country, the increase in Santa Fe sales activity echos the resurgence of real estate occurring throughout the US.

Source: National Assoication of Realtors, Santa Fe Association of Realtors
© 2014 Martin Wright, CRS®, e-PRO®, GRI®, TRC®, Realtor®

2013 Year End Report - Median Prices Remain Stable In Santa Fe

Santa Fe, New Mexico - January 10, 2014 - Median sale price for a single family residence in the Santa Fe area was $292,000 for the month of December 2013. This is down 15% from the previous month's $344,000. It's a decrease of 21% from the same month last year, and down 19% from two years ago.

There were 115 homes sold in December 2013. That's up 4% from the 110 sold in December 2012, and up 21% from December 2011. 1026 homes were on the market for sale in December 2013. That's down 5% from the previous month, up 10% from last year, and down 10% from the same month two years ago.

As of December 2013, the monthly chance of selling a home in Santa Fe County is 11%... meaning the odds would be about 9 to 1.

Annual figures are less variable and more significant, as they represent a much larger number of sales. When you compare the median price of all the houses sold in the 12 months ending December 2013 with median price the previous year, the number went up by less than 1% from $344,000 to $347,000. In this business, I would call a 1% change statistically insignificant. My conclusion is that overall the median price of a single family residence has remained unchanged over the last two years. Your questions and comments are always welcome.

Please see the full report with graphs, Santa Fe Home Sales Statistics 2013 Year End Report

Source: Santa Fe Association of Realtors
© 2014 Martin Wright, CRS®, e-PRO®, GRI®, TRC®, Realtor®

City of Santa Fe Boasts Lowest Residential Burglary Rate Since 2006

Santa Fe, New Mexico - April 10, 2013 - Police Chief Raymond Rael is pleased to announce a 34 percent decline in overall burglaries city-wide (business, residential and auto combined) for March 2013. The number of reported burglaries declined from 179 in March of 2012 to 119 last month, and the number of residential burglaries plummeted from 77 in March of 2012 to 32 this March, a 41 percent drop and the lowest number on record since September of 2006. The drop is credited to a department-wide effort called "Operation Full-Court Press" in which officers locate and track repeat offenders, hot spots for crime and teach residents how to protect themselves.

"It's great news, and even more impressive is this is the lowest number of residential burglaries we've seen in years," Santa Fe Police Chief Raymond Rael explained. "The statistics prove new tactics implemented by the Santa Fe Police Department are working, keeping residents safe, and targeting one of the most disturbing and fastest growing crime trends in our area."

Under Operation Full-Court Press, detectives from the property crime, street crime and narcotics teams all worked together beefing up the amount of time put into burglary investigations. This also helped officers respond to "suspicious activity" calls faster, stopping crimes as they happen and increasing arrests. Officers are also following the city's property crime offenders through the legal system and working with prosecutors to provide evidence needed to build stronger cases and attain stiffer sentences. 

To help residents the department's crime prevention unit is offering neighborhood evaluations where an officer will scout out an area, or even individual homes, looking for any safety hazards or vulnerabilities which could make easy targets for criminals. Anyone can request an evaluation by contacting the department at 505-428-3710.

For more information contact Celina Westervelt (505) 670-7202.

Source: City of Santa Fe (4-10-13)

Santa Fe In The 15 Best Housing Markets For The Next Five Years

Santa Fe, New Mexico - August 22, 2012 - Business Insider has reported that American home prices are expected to decline 1 percent from now through March 2013. But over the next five years, home prices are projected to rise 3.9 percent. 

Their study drew on Fiserv Case-Shiller data to identify the best housing markets for the next five years. The top 15 cities are ranked by the projected annualized change in home prices between Q1 2012 and Q1 2017. Factors included the median home price, median household income, unemployment rate, and the change in home prices since their peak to give a better understanding of the local economy and housing market.

Santa Fe's home prices have declined 17.8 percent from their Q4 2007 peak. The city has a population of 145,648, a relatively low unemployment rate of 5.3 percent, and a median household income of $59,600, below the national median of $62,900.

For Santa Fe, the annualized expected growth from 2012 - 2017 is 8.1 percent.

Read the article: 15 Best Housing Markets For The Next Five Years

Source: Business Insider Money Game (8-7-12). Data provided by Fiserv Case-Shiller Indexes.

Santa Fe Green Real Estate News: Santa Fe Unveils Its First Electric Vehicle Charging Station at Railyard Parking Garage

Santa Fe, New Mexico - August 7, 2012 - The city of Santa Fe now has two electric vehicle charging stations open to the public. Housed in the Railyard Parking Garage on the first floor, the stations are known as Level One stations, which means that small electric vehicles, such as electric motorcycles, can be charged within three hours and larger vehicles such as the Chevy Volt, Nissan Leaf or any Tesla cars can be topped off.

"The city wants to encourage cleaner, greener ways to get around. These charging stations make us a more user-friendly community for electric vehicles and provides another way for Santa Fe to help reduce carbon emissions," says Mayor David Coss.

The city of Santa Fe has plans to provide Level Two charging stations at its parking garages. These stations will allow for faster charging (fully charging a larger vehicle within eight hours). In order to provide clean, renewable energy to these charging stations, the city has installed a solar electric system at the Santa Fe Community Convention Center and plans to install similar systems at its other garages.

"Demand is increasing for charging stations, so it's great to be able to offer this to residents and visitors. Coupled with solar systems producing the electricity, this is the cleanest way to get around. The more people use it the faster the city's investment will be paid back," said Nick Schiavo, Energy Specialist for the city of Santa Fe.

Payment for charging will be collected along with the parking fee and costs $0.25 per hour or a maximum of $1.00 for the day.

Source: City of Santa Fe (8-7-12)

Green Santa Fe Green Real Estate News: Santa Fe Ranks As the Second Most Mail-Efficient Community in the Nation

Santa Fe, New Mexico - July 21, 2012 - Catalog Choice, a Trusted ID company and the nation's largest mail preference service, has named the top 20 most mail-efficient communities for the month of June 2012. Santa Fe has been named the second most mail-efficient for the 4th month in a row, according to Catalog Choice's Mail Stop Index the monthly meter of the communities who opt-out of the most unwanted advertising mail per capita and is published monthly at http://mailstopindex.catalogchoice.org/. Residents and businesses in the City and County of Santa Fe have opted-out of 11,500 (and counting) catalogs, phone books, and junk mail since July 2011.

"Getting rid of unwanted mail helps ease the burden of paper waste on the environment, while allowing communities to achieve their zero waste goals," said Chuck Teller, Chief Strategy Officer, TrustedID. "We applaud these communities especially  those in California, Colorado and Washington, for their concerted and collaborative effort to allow residents to put an end to unwanted mail."

The Most Mail-Efficient Metro Areas in June 2012:

1. Boulder, CO 
2. Santa Fe, NM 
3. Seattle, WA 
4. Fort Collins, CO 
5. Ithaca, NY 
6. Durango, CO 
7. Napa, CA 
8 Truckee, CA
9. Olympia, WA 
10. Portland, OR 
11. San Francisco, CA 
12. Bridgeport, CT 
13. Moses Lake, WA 
14. Ukiah, CA 
15. Edwards, CO 
16. San Jose, CA 
17. Durham, NC 
18. Austin, TX 
19. Boston, MA 
20. Bend, OR

On average, each U.S. household receives over 720 pieces of advertising mail annually, 46 percent of  which is never read. It costs municipalities upwards of $1 billion to collect and dispose of the 10 billion pounds of solid waste created each year by direct advertising mail. During June 2012, these communities collectively opted out of enough company marketing lists to save roughly 200,000 pounds of solid waste and 1,400 trees annually.

Santa Fe residents and businesses can sign up for the free mail preference service by visiting http://www.catalogchoice.org. It's easy, secure, and FREE!

Source: City of Santa Fe (7-26-12)

Most Artistic Cities in America: Santa Fe #1

Santa Fe, New Mexico - December 6, 2011 - In last week's article, The Atlantic Magazine placed Santa Fe, NM at the top of their list of  The Most Artistic Cities in America. Richard Florida, Senior Editor at The Atlantic and Director of the Martin Prosperity Institute at the University of Toronto's Rotman School of Management, noted "Santa Fe, of course, has been an arts center since the days of Georgia O'Keeffe."

"It's time to get over the notion that only large urban cities like New York or L.A. can make it as artistic centers. While it's true that large cities and metros dominate in terms of sheer numbers of artists, smaller communities are home to vibrant artistic communities as well - many with national and international reputations and reach."

"I used data from the U.S. Census Bureau's American Community Survey to rank the leading metros for both their numbers of artists and their concentration relative to their population. We use a measure called a location quotient, or LQ, which is basically a ratio that compares a region's share of artists to the national share of artists. An LQ of one implies that its regional share equals the national average; less than one is less than the national average and greater than one is more than the national average. An LQ of two, for example, means a region has twice the national average of artists."

The top scoring cities:

1. Santa Fe, NM  LQ: 7.587
2. San Francisco, CA LQ: 3.825
3. New York, NY  LQ: 2.573
4. Los Angeles,  LQ: 2.513

Source: The Atlantic Media Company (11/30/11)

Santa Fe In The 10 Best Places To Retire In 2012

Santa Fe, New Mexico - December 6, 2011 - U.S.News & World Report has named Santa Fe among the 10 Best Places To Retire In 2012.

Recognized as Best Place For Recreation And Culture, the magazine stated, "The creations of artists worldwide are also celebrated at a variety of annual festivals and markets, such as the Native Treasures Indian Arts Festival and the Santa Fe International Folk Art Market." The article offers an overview of Santa Fe climate, history, architecture, schools, jobs and more along with details, statistics, charts and ratings.

Basic information from the report
Population:  69,826 
Crime Rate:  Low 
Cost of Living:  Average 
Health Care:  Varied 
Median Home Price:  High 
Median Income:  Average

The U.S. News Editorial Pick: Santa Fe as Best Place To Retire For Single Retirees due to the number of singles over 65 years of age and abundance of outdoor activities. It's not surprising that just last year U.S.News called Santa Fe one of the 10 Places To Reinvent Your Life In Retirement.

Source: U.S.News & World Report (10/17/11)

Santa Fe Named in 10 Cities for Retirement Property Steals 2010

Santa Fe, New Mexico - May 31, 2010 - US News and World Report named Santa Fe in their 2010 list of top 10 cities for retirement property steals, saying the decline in home prices has handed today's seniors a chance to scoop up properties in many top-notch retirement spots at attractive prices. Using price-to-income data for 384 metropolitan statistical areas from Moody's Analytics, the study compared a market's most recent price-to-income ratio with its longer-term averages to pinpoint areas that have become particularly affordable.

A 24 percent decrease in median home prices over the past two years has helped drag the price-to-income ratio in Santa Fe to 1.8 for the fourth quarter of 2009, which is below its 2.5 average for the 15 years ending in 2003. The article cited a number of reasons why seniors should consider taking advantage of this increased affordability and buy property in the area. Attractions include great skiing, hiking, medical facilities, arts, as well as a rich cultural history. What people come here for: the sun sets, the mild climate and the friendly people.

Source: US News and World Report (5/25/2010)

15 Top Retirement Cities - Santa Fe Makes The List

February 10, 2010 - Boomers are willing to move farther than previous generations when they retire, and they are choosing places unlike stereotypical retirement hotspots, says Tom Brokaw in his report on Boomer retirement.

The top places listed by AARP and explored on the show are:
 
1. Loveland/Fort Collins, CO
2. Las Cruces, NM
3. Rehoboth Beach, DE
4. Portland, OR
5. Greenville, SC
6. Sarasota, FL
7. Ann Arbor, MI
8. Tucson, AZ
9. Montpelier, VT
10. Honolulu. HI
11. Santa Fe, NM
12. Atlanta. GA
13. Charleston, SC
14. Northampton, MA
15. San Diego, CA
Source: CNBC, Paul Toscano (02/05/2010)

Santa Fe Screen Savers: 1280 x 719 pixels

"At the Southern foot hills of the Sangre de Cristo Mountains,  Santa Fe is beautiful year round. One can sometimes see ice clouds forming over the peaks, typically looking like stacked round plates. They are harbingers of a coming snow storm. On this particular day, February 8, 2012, the usual round shapes were elongated, creating a rare sight. Enjoy" ~ Martin

Click on the thumnail images to the left to see the big pictures:

"Ice Clouds Over The Sangre De Cristo Mountains"
© 2012 Martin Wright

Martin's web tip: web browsers (such as Internet Explorer) do more than just go forward and backward. To follow a link without losing the page you're reading:
1) right click on the link
2) click Open in New Window
3) on your keyboard, hold down the Alt key and hit the Tab key to switch from one window to another.
The whole world is talking about Santa Fe. Read these recent articles praising "The City Different."

Santa Fe In 2009 List Of Top 10 Housing Markets For The Next 10 Years

US News and World Report has compiled a list of the top 10 housing markets for the next 10 years. The basis of the list is an analysis by Moody's Economy.com, of employment and population data together with geographic and industry trends, to generate 10-year home price projections for each of the nation's 384 distinct metropolitan statistical areas. Here's the projected average annual percentage change in home prices from the fourth quarter of 2008 to the fourth quarter of 2018.
1. Bremerton-Silverdale, Washington, + 5.22 %
2. Glens Falls, New.York, +  4.71 %
3. Fort Collins-Loveland, Colorado, + 4.06 %
4. Corvallis, Oregon, + 3.95 %
5. Anchorage, Alaska, + 3.8 %
6. Duluth, Minnesota, + 3.74 %
7. Sandusky, Ohio, + 3.66 %
8. Santa Fe, New Mexico, + 3.57 %
9. Pittsfield, Massachusetts, + 3.51 %
10. Decatur, Illinois, + 3.44 %

National Trust for Historic Preservation Names Santa Fe to 2009 list of 12 Distinctive Destinations

The title of Distinctive Destination is presented to cities and towns across the country that offer an authentic visitor experience by combining dynamic downtowns, cultural diversity, attractive architecture, cultural landscapes and a strong commitment to historic preservation and revitalization. In each community, residents have taken forceful action to protect their town's character and sense of place. "Amid a spectacular setting of mountains and mesas, and basking in the magical glow cast by the high desert sun, Santa Fe is a dynamo for American art and culture," says Richard Moe, president of the National Trust for Historic Preservation.
Santa Fe #2 Top City for Artists

Sperling's Best Places and Businessweek.com in a 2007 Survey named Santa Fe the second best place in the United States for artists and creatives. View the slide show of the top cities. Read why Business Week calls Santa Fe a great place to invest in real estate right now. 
 

Santa Fe #2 Best Place to Live

Santa Fe takes the number two spot in the nation in Sperling's Ten Best Places to Live. Describing the city as a "haven for artists," Sperling notes that "Santa Fe's air is crisp and clean" and it is "surrounded by over 1.5 million acres of national forest, offering excellent hiking, camping, and downhill skiing." Their Cost of Living Calculator can give you an idea how expensive it is to live in Santa Fe.

Santa Fe Rated #2 for Air Quality

Santa Fe places #2 on the list in MONEY Magazine's Best places to live 2006: Top 25 cities with the best air quality index. The city scored an air quality index of 100%, which is the percentage of days the AQI is ranked as good. View more Santa Fe information from the article.

Santa Fe cited as the Southwest's best place to live in 2007

Outside Magazine notes "Each year, more than a million tourists come to ogle the signature adobe buildings, along with conquistador-era streets, world-class opera, and the 300 galleries that make the city the third-largest art market in the U.S." Outside moved their operations here in 1994. In their recent publication of Best Towns 2007  they say "the 12,500-foot Sangre de Cristo mountains east of town offer year-round adventure, from the powder of Santa Fe Ski Basin to the singletrack of the Winsor Trail, which rises 3,500 feet as it winds through ten miles of pine-and-aspen forests. Add the whitewater of the Rio Grande, and four more ski resorts within two hours, and the 300 sunny days a year aren't enough."

Santa Fe #4 Healthiest Hometown 2008

AARP The Magazine notes, "Santa Fe has been blending Spanish and Native American cultures since it was founded as a Spanish trading post 400 years ago." The article focuses on cities which have made robust living, and active retirement, a priority. "Artists flock to Santa Fe for the kind of light you get by combining low humidity, clean air, and an elevation of 7,000 feet. Of course, those are some of the same qualities that make Santa Fe a healthy place in which to live and retire, too. Its rates of diabetes, hypertension, and high cholesterol are among the lowest in the country. Known for its outdoor lifestyle and emphasis on healthy eating, Santa Fe boasts a network of trails that leads into the foothills of the Sangre de Cristo Mountains." The magazine also states that "The City Different" has the highest U.S. art-per-capita rate - even greater than New York City's."
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mobile  505 603 2621
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Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 85,000 sales agents working in approximately 3,100 offices in 51 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel.  The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.  Each office is independently owned and operated.
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Each office is independently owned and operated. All figures and measurements are approximate. Information from various sources, deemed reliable but not guaranteed.
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