Market Reports
Market Report: Third Quarter 2009
October kicked off with cool, wet weather — unusual for Santa Fe — while there were the usual Balloon Fiesta crowds that were not disappointed by events surrounding the event. Santa Fe once again enjoyed some of the overflow from Balloon Fiesta as visitors from all over the world trickled in to enjoy our shopping and restaurants. The burning of the giant effigy, Zozobra, was more symbolic than ever before, with this past year’s glooms going with him in a billow of smoke and fire, as the Caballeros de Vargas re-enacted Santa Fe’s founding. Inaugurating the celebration of Santa Fe’s 400th anniversary, the Crown Prince Felipe de Borbon y Grecia of Spain and his wife Princess of Asturias Letizia Ortiz Rocasolano honored our city with their presence, and attended mass at the Cathedral Basilica of Saint Francis of Assisi on October 6. The farmers market is brimming with fresh local produce, meats, herbs, flowers, baked goods and chiles in bright red wreaths and ristras.
Market Report: Second Quarter 2009
The second quarter was history by the time Natalie Dessay’s ribald incarnation of Violeta at the Santa Fe Opera’s production of “La Traviata” romped onto the stage and won our hearts with her strong, precise, and nuanced voice. Record heat followed a cool wet June, and opera-goers could forego the wraps. Conde Nast and Travel + Leisure once again ranked Santa Fe among the top travel destinations, and over 5700 passengers rode the Railrunner from Albuquerque to the Folk Art Market on Saturday.
Market Report: First Quarter 2009
Winter’s last snowstorm dumped over a foot of new snow at higher altitudes just before Easter and winter sport enthusiasts were jazzed. There was a scant inch in town. The snowpack in the Sangre de Cristo Mountains was about normal this year and now, in May, the runoff has filled the reservoir and energizes the Santa Fe River on its run through the City. It’s a beautiful year for the lilacs. Glorious blue hedges adorn historic neighborhoods and punctuate the scenery in mountain villages making indelible colorful memories. The apricot buds came early and were nipped off in a late spring freeze, but the apple, pear, cherry and plum blossoms were so nice that we are grateful to Bishop Lamy who brought them to us.
Market Report: fourth Quarter 2008
SANTA FE, with its pristine environment, its colorful local traditions, profusion of art and music, quaint shops and indigenous cuisine provides a unique lifestyle within a vacation-destination community. Our citizens enjoy all the usual amenities and activities, but it is the deep connection of the Hispanic and Native American people to this place, and their tenacious preservation of their cultures which offer a depth of human experience that is unique in North America. Perhaps more than anywhere else, those who are attracted to Santa Fe can find no alternatives.
Market Report: THIRD Quarter 2008
As we move into the Fourth Quarter of the year, Santa Fe embraces the harvest season with fresh chile ristras, apples, and multicolored corn decorating our homes and pleasing our palates. Fall is the season that many Northern New Mexicans say is the most lovely. An early winter storm kicked up last week, leaving the Sangre de Cristos glistening with snow.
Market Report: second Quarter 2008
The summer season in Santa Fe is in full swing with the opera, the Desert Chorale and Site Santa Fe opening to rave reviews, and the International Folk Art Festival sales surpassing last year by 17%.
Market Report: First Quarter 2008
The first quarter of the year was punctuated by glistening ski slopes set against our azure blue sky and a decline in home sales - and the average price for homes sold has finally been affected by the national downturn.
Market Report: Fourth Quarter 2007
The high altitude winds that grounded the 700 hot air balloons during the first Saturday of the 2007 Balloon Fiesta, was perhaps symbolic for 4th quarter real estate sales. Forces beyond the borders of our fair city are finally impacting our market as sales are stalled in feeder markets.
Market Report: Third Quarter 2007
Trends tend to impact real estate markets at a different pace, although other markets can and do affect the behavior of home buyers. We are certainly witnessing this now, as the volatility of banking and the stock market affects decisions to invest in property.
Market Report: Second Quarter 2007
Home sales did achieve their anticipated bounce this quarter, rising 25% above the low point reached last quarter and terminating a three quarter drop of 40%.
Market Report: First Quarter 2007
Worries about a reversal in the long upward trend in real estate sales and prices were validated during the first quarter of the year, but not for the expected reasons, and not across the board.
