February newsletter 2020

From Sarah Said and Craig Neil Select Santa Fe Real Estate

Year-End Market Report Santa Fe, NM 2019

The Santa Fe real estate market remained strong in 2019. The Santa Fe Association of Realtors reported that the median home price increased 6% to $471,000 as compared to 2018. Total units sold in 2019 were down 7% as compared to 2018. The number of active listings in all of Santa Fe County was down 16% and the average days on the market was down 9% as compared to 2018.

What does this mean for Buyers and Sellers?

Sellers: With the extremely low inventory we are experiencing in all price ranges, it is a perfect time to sell. In addition, low interest rates are luring Buyers to the market.

Buyers: You have to be positioned to pounce by: keeping abreast of new listings, having your financing and prequalification letter on-hand, and understanding how to make your offer attractive under competitive circumstances.

Craig and I are here to assist. To all of our friends, family, and clients we are always available to chat about all things real estate and would love to hear from you if only to say, “Hello!”

Sarah Said: 505.780.0024 sarah@selectsantafe.com

Craig Neil: 505.231.3566 craig@selectsantafe.com