Santa Fe Home Sales
Reposted from The Santa Fe New Mexican | October 2, 2018
Single-family homes in Santa Fe sold for 21 percent more in the third quarter of 2018 than during the same period last year, the Santa Fe Association of Realtors reported Tuesday.
More homes of all types were listed for sale, under contract or sold during the period this year than last, according to association statistics. And they sold at a faster clip: The average home spent 72 days on market during the third quarter of this year versus 109 days during the same period in 2017.
Strong demand increased the median sales price of a home by 6 percent over the third quarter of 2017, to $355,134. The median sales price of a single-family home rose to $394,000, according to the association.
Continued interest by homebuyers retiring to Santa Fe or lured here by jobs contributed to continuing high demand for homes in the city. The new Presbyterian Santa Fe Medical Center, for one, opened with a staff of 250.
“Presbyterian opening is contributing to the increase, and that quality-of-life retiree has always contributed,” said Chuck Whitney, a broker with Santa Fe Properties. “The problem, if there is a problem, is the affordable price point. There is just very little inventory and that’s driving the price up.”
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