Real Estate Information Archive

Whether you realize it or not, New Mexico is well respected for its wine and has a deep-rooted history in wine making. While many people associate California as wine country, it is actually New Mexico that is the oldest wine-producing state in the nation. 140 years before California's first vineyards were even planted, Spanish monks smuggled vine cuttings into New Mexico.

By 1804, wine was one of New Mexico's top three exports. Vineyards stretched from Bernalillo to Socorro. Unfortunately, the turn of the century brought repeated flooding to the Rio Grande, destroying vineyards. Prohibition only further drove the fall of New Mexico's wine industry.

1978 was another turning point, but this time in the right direction. Today, New Mexico is home to 42 wineries and tasting rooms and produces 700,000 gallons of wine a year.

Maybe you are just considering Santa Fe Real Estate, or maybe you have lived in New Mexico all your life. Either way, experiencing its wine is like re-visiting its history. The following are a few of Santa Fe's best wine vendors:

Vino Del Corazon Wine Room
235 Don Gaspar Ave, Santa Fe, New Mexico 87501
At the center of Santa Fe's Historic shopping and Arts District, the Vino Del Corazon tasting room offers a charming and comfortable atmosphere. Try their spicy "Santa Fe Siesta Red" or their soft and fruity "Beso Blush."

La Boca
72 W. Marcy Street, Santa Fe, NM 87503
It may be a tapas bar, but it has an extensive wine selection. From Spanish, to Argentinia, Italy, to France - they have wines from all different regions that perfectly pair with their amazing tapas.

Estrella Del Norte Vineyard
106 N Shining Sun, Santa Fe, NM 87506
Located about 20 minutes north of Santa Fe, this small vineyard offers a wide variety of wine that they grow, make and sell. The wine tasting room is set in a European style garden and orchard, completing the tasting experience.

For more information on all of the amazing amenities, events, and discoveries of Santa Fe, don't hesitate to contact me. It's impossible to run out of things to do and places to go in this fantastic city I call home. If you contact me, I can help you call Santa Fe home too.

Susan Orth
Certified Residential Specialist (CRS)
City Different Realty

Phone: 505-310-4133
Email: [email protected]
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NEWS RELEASE 4th QUARTER 2008 Santa Fe CITY OVERALL MEDIAN PRICE REMAINS STEADY AT $350,000 WHILE SALES DROP IN BOTH THE CITY AND COUNTYth Quarter of 2008 compared to similar 2007 home sales data. Sales in the City for the 4th Quarter 2008 decreased from 141 sold during the 4th Quarter in 2007 to 131 this Quarter - a 7% decrease. Condo sales in the City slowed from 89 in the 4th quarter of 2007 to 75 in the current 4th Quarter but values also remained strong.th Quarter of 2008 compared to $549,125 in the 4th Quarter of 2007.th Quarter at 106 compared to 132 in the 4th Quarter of 2007.510 North Guadalupe Sireet, SUite E • Santo Fe, New Mexico 87501 • (505) 982-8385 FAX (505) 982-3764

EMBARGOED UNTIL: 11 :00 AM, Wednesday, January 14, 2009

Contact: Lois Sury, 2009 President-Elect (505) 984-5156 Donna Reynolds, CEO (505) 982-8385

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(Santa Fe, NM - January 14, 2009) The overall median price of a home in the City of Santa Fe held steady at $350,000 in the 4

In the County of Santa Fe, price reductions occurred in all by one market area resulting in a median price of $427,500 in the 4

County home sales also remained sluggish in the most recent 4

"Home values are remaining steady compared to last year during the same period for City homes and condos with sales off only modestly," stated Lois Sury, 2009 President-Elect of the Santa Fe Association of REALTORS®. "However, the County is still experiencing slower sales and more price adjustments during this same period. The current national economic slowdown may be depressing sales in certain markets," she added.

"Overall inventories are dropping as buyers are snapping up bargains as well as some buyers deciding to take homes off the market due to the economic uncertainty. Yet, inventories remain higher at the end of 2008 than reported at the end of 2007," shared Ms. Sury.

The median sales price is determined from only those sales listed on the Santa Fe Association of REALTORS® Multiple Listing Service, which does not include every sale in the area but has been used historically to track trends in the home buying market.

ABC News Story; New Mexico Economy Expanding and NOT In Recession!

Majority of States Now in Recession

In March, 5 States Were in Recession; Now There are 27 With 14 More at Risk

By SCOTT MAYEROWITZ
ABC NEWS Business Unit
Oct. 21, 2008

What started out as a housing problem in a few states has now exploded into a full-fledged recession with a majority of states now in or dangerously close to recession.

What started as a recession in just a few states has now spread to 27 with another 14 states near recession, according to Mark Zandi,

chief economist and co-founder of Moody's Economy.com.

(ABC News Photo Illustration)

Just this weekend, President Bush's top economic advisor used the much-avoided word "recession" to describe the economies in some states.

"We are seeing what I think anyone would characterize as a recession in certain parts of the country," Edward P. Lazear,

chairman of the Council of Economic Advisers, said on CNN's "Late Edition."

Back in March, Mark Zandi, chief economist and co-founder of Moody's Economy.com, said that only five states were in recession: Arizona, California, Florida, Michigan and Nevada.

• Biloxi, Miss., 4.9 percent
• Salem, Ore., 4.7 percent
• Bismarck, N.D., 4.6 percent
• Spokane, Wash., 4.4 percent
• Yakima, Wash., 4.1 percent
• Austin, Texas, 4.0 percent
• Grand Junction, Colo., 4.0 percent
• Fargo, N.D., 4.0 percent
• Mobile, Ala., 3.9 percent
• Albuquerque, N.M., 3.5 percent