Market Reports

1st Quarter 2010

It is puzzling and quickly becoming outrageous why home valuations on Santa Fe County tax rolls are so much higher than actual values. In many counties across the country, assessors are making reasonable adjustments downward, but not Santa Fe.

3rd Quarter 2009

What has been a challenging year for high-end real estate sales suddenly changed in September and October! We had a buying spree for homes priced over a million dollars in Santa Fe that lasted all of about 70 days. It was a "wave" of buying that took us all by surprise, and was a blast from the past.

2nd Quarter 2009

As we enter the halfway mark for 2009, we are seeing gradual signs of improvement in the housing market – both in Santa Fe and nationwide – but, as reported in a recent Wall Street Journal article, “sales remain mired in a deep slump [on the upper end], and price declines are expected to accelerate.”

1st Quarter 2009

With the economic “ups-and-downs” of the First Quarter of 2009 behind us, we are hopeful for gradual recovery in our local real estate market. The inventories of unsold homes remain high and motivated sellers are the rule, not the exception. The First Quarter saw sixteen sales of property over a million dollars, about half our running average of past quarters over the last three years.

4th Quarter 2008

Yet another Santa Fe City Tax, this time targeted on so-called Luxury Real Estate. Under the guise of Affordable Housing, the City of Santa Fe is on the march again to increase revenue. The Home Tax is a poorly written ordinance and given the City’s track record in administration of funds you have to question how much will really come from yet another City tax.

3rd Quarter 2008

Turbulent times on Wall Street, currency valuations in flux and the mass media continues to bombard us with story after story of the epic world wide financial crisis. Combine the financial worries with an election year and it all has become overwhelming and scary. In times of uncertainty it is hard to know where the bottom is or what to do.

2nd Quarter 2008

Many people who can afford a high-end second home are turning to something new, “fractional ownership.” What is this?

4th Quarter 2007

Who says that times are hard? At least according to the luxury real estate market, they’re not. While the stock market may be temporarily slumping and job cuts dominate the news, a number of multimillion-dollar homes seem to be selling at a brisk clip, often for close to the asking prices.