Do you ever wonder what happens to land sales in the winter, especially when the dirt is now white and covered with snow. In case you are waiting for spring to look for land in Santa Fe, you might want to change your game plan. In Santa Fe County during this recent unexpected artic winter blast, there were seven (7) land sales, year to date. The average sales price was $143,043 dollars UP from the average price of $131,528 dollars for the 213 land sales in all of 2010.
What does this mean? People find and purchase land in Santa Fe County in the winter! There is something about our Land of Enchantment which helps make land different here. Today's land buyer has a range of 836 land listings on the market in our Santa Fe Multiple Listing Service. Prices are truly all about range: a small lot for $10,000 dollars in the southern part of the country to a 640 acre parcel for $6,400,000 dollars --- and of course tons of prices and sizes and shapes in between for the land buyer.
What is different about today. This is the first visual evidence of an up swing in average land sale price since 2007. Compared to 2007 when there were 567 total land transactions at an average price of $228,980 dollars, it appears the market prices have hit bottom and buyers are returning to find their value in land. Land sales in Santa Fe in winter tells me our market is more active than meets the eye when you are skiing down the slopes of the Santa Fe Ski Basin. Average days on market are still running between 400 and 600 due to the fact there were only 683 land transactions total in 2008-2010. Buyers certainly have more choice and 836 opportunities when looking to purchase a piece of Santa Fe dirt today!
Note: The source of these statistics and numbers is the Santa Fe Association of Realtors Multiple Listing Service. They are deemed reliable but not guaranteed and are subject to change. They may not reflect all real estate activity in the market area.
The Santa Fe real estate market is a local one. Real estate news reports and trends in other communities does not apply here. Search all current properties here with a fast and easy list or map search. If you are thinking about selling your home or considering a lifestyle change in relocating to Santa Fe, I suggest you give me a call at 505-660-4541 to schedule a real estate consultation. No one has time or money to waste in this new landscape of real estate. I am available to help you and make a positive difference in your real estate experience. Remember, dreams can be made a reality when you act on them. Emily Medvec
Today, I work with buyers and represent sellers in all price ranges in Santa Fe and throughout northern New Mexico. My focus is to use my experience, vision and strategies to find you opportunities and solutions. My goal is always to save you time and money whether you are buying or selling any form of Santa Fe real estate, including homes, land, town homes, condominiums, ranches and commercial property.
Emily Medvec Copyright 2012 All Rights Reserved 2007-2012