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The Q4 report from the Santa Fe Association of Realtors is out today. It shows a drop in home sales across the board (almost) and a drop in the town’s median selling price. The homes that are selling are realistically priced, and the people that are buying are better qualified, with better credit scores. Points up the value of being prepared, as a buyer or seller, for the new marketplace. The report is attached.
An exception to the gloom is the Northwest (las Campanas and environs) where higher priced homes outsold their 2006 level. One reason for the increasing volume there is that relatively suddenly it’s become an area of great value. Over the next year that value proposition will increase, with homes in the $600,000 range coming online. Santa Fe 2007 FourthQuarter.doc
