Santa Fe Real Estate: Looking Back on 2012!

Santa Fe Real Estate: Looking Back on 2012!

You are probably wondering why I am looking back already on 2012. After all the year just started. Well it seems like it is moving at twice the speed of 2011 when it comes to working in real estate. Something has shifted and I looking for clues and your insights. I do not know if this is only about our Santa Fe real estate market or whether you are seeing shifts in your market. I see more activity from buyers. Either they are off the fence or they have finally discovered how to search for real estate online. I find sellers more interested in market statistics now than in 2011. My instincts told me something is different. It was time to check the numbers.

In the first 21 days of this new year, this is what the numbers say about activity in Santa Fe real estate for single family homes, town homes and condos in Santa Fe County.

• 112 new listings for homes, town homes and condos
• 91 properties in this category went pending, pending please show or pending bank approval
• 55 properties in this category were SOLD, lowest sale price $80,000, highest sale price $3,000,000

It is clear Santa Fe real estate is beyond active and why it pays to look back often at the local market numbers for trends and activity. If anything, it is a way to show all real estate is local and something the national media news needs to remember in their headlines. What do you see in your local market? Are you experiencing a shift in activity?
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