214 Polaco Street - Walking Distance to Railyard and Plaza

Grab this tasteful Pueblo style home in the historic district of Santa Fe. This 2 bedroom, 2 bath, 1165 sq ft home is a cozy and inviting retreat, yet open and airy for entertaining.  This gem features a nicely appointed kitchen, kiva fireplace, tile floors and large windows. A heated one-car garage can also be used as a studio or workshop.

This stylish home is convenient to the Railyard and Plaza, and is priced to sell at $387,500.

Contact me today about this beauty, or any of my other great listings in the Santa Fe area.

Here are the current year to date market statistics for Northside homes in the Santa Fe area. I am happy to announce that our company’s Northside market share is 47.39%, meaning that we know the Northside area and are your best resource for buying and selling in this market.

Sellers, take note, because the chart below shows a stabilizing and increasing in sales prices in the Northside area. Contact me if you’d like an updated market analysis for your home to be sure that your price is on mark for the current conditions.

Potential buyers, notice in the graph below that the price per square foot has fallen again in the beginning of 2012 – a great opportunity to get more house for your dollar. But be sure to start your home search soon, as the average days on the market has fallen as well, meaning that homes aren’t available as long for undecided buyers. Contact me  if you are interested in finding your dream home now.

Browse through our current Northside listings and see homeowners who have trusted us with their home sale, and have given us the 47.39% market share in this area:

View our current listings in Northeast Santa Fe (City)

View our current listings in Northeast Santa Fe (County)

View our current listings in Northwest Santa Fe (City)

View our current listings in Northwest Santa Fe (County)

Santa Fe, New Mexico -Residential Sales show Improvement in Absorption Rates

 Having just completed the first month of 2012, it is encouraging to see that residential absorption rates have continued to improve across all price ranges.  This means that it takes fewer months for a home to sell (provided it is priced properly, etc.), compared the past several years.  At its worst, the absorption rate for all price ranges was at 23.47 months in June of 2009.   At the end of January 2012, this rate had dropped to 12.37 months.     

As always, however, it is crucial to parse data for a clearer picture as the absorption rates vary widely depending on price range.  The best news is with homes priced under $500,000.  This absorption rate has fallen from a high of 17.48 months in June 2009 to 10.22 months at the end of January.  The rate for homes priced over a million dollars has improved; however, there is still a significant time headwind.  At the peak in September of 2009, the absorption rate for home over $1,000,000 was 57.85 months.  Now it is down to 27.49 months. 

Since the number of sales has not increased significantly, the reduction of the number of homes for sale indicated properties are being sold and fewer people are putting their homes on the market.  We do expect inventory to increase over the next few months as spring, summer, and fall are our best selling seasons. Yet, as inventory rises and sales rise seasonally, we do not expect a huge change in absorption rates in the short run.

 I hope this information is helpful.  Just let me know if you would like more in-depth detail!

According to a report by Business Insider, a blog publication for Hanely Wood, Santa Fe is expected to be one of the country’s 15 best housing market’s over the next five years. Being a tried and true Santa Fean, I  know the long term benefits and allure to living in Santa Fe so I am not surprised our market should do well.  Here is a link to the article — I think you will find it intriguing.

For centuries, Santa Fe has been an important desitination and crossroads in the history of the southwest.  Our history spans from the indigenous Pueblo Indians, the Spainards, to the migration of merchants, treasure seekers, and homesteaders from back east.  Throughout this period, as Santa Fe has grown, its changes have been reflected in its housing and architecture which are truly unique in the United States.   As an example of how lucky we are, I wanted to share with you a blog post on historic homes that our Sotheby’s team put together for us. Just click on this link to read:  http://santafesir.com/featured-properties/10-historic-homes-in-one-of-the-nations-oldest-cities.   Enjoy!

Another week blown out of the water, and a pretty good week after all is said and done. As a company, Sotheby’s put  23 properties under contracts in a variety of price ranges (60 in the entire MLS system), 17 solds with six of those in-house (30 for the entire MLS system), and 21 new listings (77 in the entire MLS system). A  good number of prices changes are still coming in, and there were approximately 400 Sotheby’s showings for the week.  It looks like fall is going to be a strong selling season!

If faith is defined as “something believed with strong conviction” and hope is “to value a wish with expectation of fulfillment,” then I suspect most of you will join me in seeking a big helping of both in the New Year. Combined with hard work, a bit of luck  and the view that embracing pessimism is simply not an alternative, then I think the stage is set for 2011 to be a better year than the one to which we have just said a fond farewell.

You’ll note that we have a new look to our monthly newsletter. On November 30, 2010 Sotheby’s International Realty (SIR) acquired Santa Fe Realty Partners (SFRP), bringing together the established local presence, global reach and brand recognition of SIR and the well known performance and perspective in Santa Fe of SFRP. Under the Sotheby’s International Realty banner, our combined team of brokers share considerable optimism about the future of the real estate market in 2011.

CLICK HERE TO READ MORE

Its been a hot summer in Santa Fe and our dog Ellie knows how to handle the heat!   Click here to see how a heeler cools her heels!    http://www.youtube.com/watch?v=8ulC2PCb6wc.   Have a great weekend!

Around the turn of the century, artists, attracted by the climate and the beauty of the area, moved to Santa Fe, and the city soon became popular as an art colony. When New Mexico attained statehood in 1912, Santa Fe, as the capital, entered a period of prosperity; government workers arrived to live in the city and federal and state buildings were constructed around the Plaza. By 1920 the population had grown from 5,000 to more than 7,000 people, and by the 1940s it was over 20,000 people.

In 1957 the city established zoning codes designed to maintain a uniform architectural style. Two types of architecture are permitted: Pueblo, characterized by rounded parapets and rough-hewn woodwork, and Territorial, featuring brick coping and milled, often decorative woodworking.

Santa Fe is rich in its art history, another of the fantastic benefits for living here. Frank Applegate, in the early 20th century, was one of the most influential artists in the area. He came to prominence in New Mexico after 1921, as a painter, sculptor and ceramist.

In 1921, Applegate came to Santa Fe, devoting himself to painting. His house was on Camino del Monte Sol, in line with the adobe huts built by Los Cinto Pintores, Mruk, Bakos, Nash, Ellis, and Shuster. His home is one of the historic highlights of the area. He was actually close friends with the designers and architects and sometime financial helper, whatever that means. His home is a historic treasure.

He became a member of the New Mexico Painters society in 1923, exhibiting extensively. He wrote “Indian Stories from the Pueblos” in 1929.