Real Estate Information Archive

Hopefully, you are planning your getaways for this summer now!  Consider a trip to Santa Fe to see the largest and most prestigious juried Native arts show in the world.

The Santa Fe Indian Market (SWAIA.org)  is a yearly event held during the third weekend of August. Over 1,100 Native artists from the U.S. and Canada sell their artwork and the event attracts about 150,000 worldwide visitors.  Many who are professional buyers, collectors and gallery owners from all over the world.

It is a unique experience because you get to interact with the artists and often there are generations of families sitting under one booth cover. Some artists have been participating in Indian Market 10, 20, 30, 40, 50 and even 60-plus years. The Indian Market is a direct reflection of the lives of Native people and the communities they represent.  Their artwork is a universal language that speaks to our heart and becomes a part of our lives.

In addition, the week preceding market is packed with events in Native film, literature, music, fashion and visual art that lead to Indian Market weekend. Even if you are just a “Looky Lou,” it’s a fun way to spend a weekend or more!

Click here to go to the Santa Fe Indian Market website, put on by SWAIA.

Click here to check out homes in Santa Fe.  If you are in Santa Fe, let us show you a home or two!

If you are planning any summer getaways, consider visiting Santa Fe for one of its world-renowned art festivals:  The International Folk Market July 14-16.  The Market is on every art- and culture lover’s don’t-miss list.  People of all backgrounds and beliefs will unite as the Market welcomes master artists, entrepreneurs, global citizens, and community leaders whose creativity provides common ground in an increasingly polarized world.

Santa Fe has for centuries been an international crossroads of culture and commerce. Since the Market’s inception in 2004, the city has become more vital as a point of connection in a globalized but fractious world.  A place where the humanity of hand-made triumphs over mass-production.

The Market, juried by two panels of experts, is carefully curated to represent the highest quality folk art made in the world.  The Market’s artist-centered model is supported through longtime partnerships with such respected global thought leaders as UNESCO and the World Craft Council.

Real Change Around the World

Every folk art purchase at the Market—90 percent of which goes home with individual artists, family enterprises, or community cooperatives—is a catalyst for economic opportunity and positive social change.   The impact is especially great for disenfranchised women and artists from developing countries, where artisan work is second only to agriculture and daily income averages less than $3.10 per day.

Since 2004, more than 800 Market artists representing 90 countries have earned a combined $25 million. They have returned home to build schools, bridges, wells, and community centers, purchase milking cows and medical supplies, and fight political dislocation, gender inequity, and other forms of social and economic oppression. Their success has collectively impacted an estimated 1.1 million lives.

As Lulama, a maker of beaded animals from Capetown, South Africa, says, “We hope that beyond owning a piece of artwork, people will remember the story of the people who created it.”

Click here to connect to the Folk Market website.

National Outlook

The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons.  Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities--consumer confidence is on the rise!  As the economy improves, home sales tend to go up. It is not more complex than that.

We can comfortably say the first quarter of 2017 is off to good start in residential real estate.  There was certainly plenty to worry over when the year began.  Aside from the new national leadership and the policy shifts that occur during such transitions, there was also the matter of continuous low housing supply, steadily rising mortgage rates and ever-increasing home prices. Nevertheless, sales have held their own in year-over-

year comparisons and should improve during the busiest months of the real

estate sales cycle.

Specific Stats about Santa Fe

“Santa Fe’s housing market kicked off the year with a good increase in both sales and prices in the City of Santa Fe,” says Melissa Pippin-Carson, 2017 President of the Santa Fe Association or Realtors. “Sellers should remain optimistic with inventory levels holding steady at record lows looking back over the last ten years in our market.”

City of Santa Fe home sales was up by 26% with 196 units sold this quarter compared to 155 in the 1st Quarter of 2016.  The City median home price rose 16% from $284,000 in the 1st Quarter of 2016 to $329,500 this quarter.  

During this same period, County home prices dropped by about 8% this quarter compared to 2016 or from $434,250 in the 1st Quarter of 2016 to $399,900.  County home sales dipped a modest 2% from 148 units sold in 2016 to 145 this quarter.  The overall volume of home sales rose from $146.5M in the 1st Quarter of 2016 to $168.9M this quarter.

Condo and townhome sales jumped by 15% during the 1st Quarter of 2017 for a total of 100 units sold compared to 87 in the 1st Quarter of 2016.  The median price of condos and townhomes rose by 7% from $210,000 in the 1st Quarter of 2016 to $225,000 in 2017.  

Overall land sales were up by 25% from 35 in the same Quarter of 2016 to 44 this quarter.   Total City and County land sale prices decreased 12% or $120,000 in 2016 to $104,750 this quarter.  Inventory of homes for sale rose modestly from a total of 1,439 in the 1st Quarter of 2016 to 1,461 this quarter.  With rising interest rates, housing affordability fell to an index of 90% of what is necessary to qualify for a median-priced home under prevailing interest rates.

Santa Fe real estate is looking pretty healthy, please click on the link below to learn more or call, text or email anytime!  We would love to go to work for you!

http://www.santafehomestore.com/

In the 16th century, Spaniards in present-day Mexico heard rumors of “Seven Cities of Gold” north across the desert that is now New Mexico and Arizona. Another legend of gold, which like all enduring legends contains pieces of the truth, is the legend of El Dorado.

The origins of El Dorado lie in the Andes mountains of South America. Spanish explorers heard stories about a tribe who covered their new Chief with gold dust and threw gold and precious jewels into the lake to appease a god that lived underwater.  The Spaniards started calling this golden Chief El Dorado, “The Gilded One."

One present-day Eldorado is a coveted subdivision located about 15 miles south of Santa Fe. Eldorado is recognized for its outstanding view corridors and spectacular sunsets, an exemplary community school, wilderness hiking, a slew of retail, service and sports amenities, and a much-loved dog park.

2017 year-to-date sales for Santa Fe are approximately 30 percent over the same time period in 2016. Robust markets such as Eldorado have low inventory as a result of quick sales; turnkey homes are receiving multiple offers.  Eldorado represents the robust health of real estate investment in the Santa Fe area with Eldorado being about seven percent ahead in median price sales.  Brisk movement between the $200K to $400K market creates confidence in selling homes quickly and efficiently with the goal of upgrading to the next dream home. Those living in Eldorado that love the strength of their community can move up without moving out!

The scene depicted in this ancient artwork, on display at the Gold Museum in Bogota, Colombia shows the origin of the El Dorado myth. Legend tells of a Muisca king who would cover himself in gold dust during festivals then dive from a raft into Lake Guatavita.  Courtesy National Geographic Magazine.

 Please click on our link below to learn more about Eldorado and learn other information about Santa Fe and home sales.

http://www.santafehomestore.com/Santa-Fe-New-Mexico-Community-Page-Eldorado