From RealTrends.com: How many homes in the Midwest can you buy for one in Silicon Valley? About 30, according to Coldwell Banker Real Estate LLC. For the second time in three years, the Coldwell Banker® Home Listing Report ranked Los Altos, Calif. as the most expensive market in the United States. The average four-bedroom, two-bathroom home in the Silicon Valley market costs $1,963,100. This is six times the national average in this report ($295,317) and 30 times the cost of a home in the country’s most affordable market, Cleveland.
Marion Skubi
October 2014
October 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 56 1,086,703 1,036,199 31 Northwest County 108 730,366 691,314 82 Northeast City 178 685,381 650,921 177 Tesuque 27 750,948 720,162 20 Santa Fe City 785 442,421 420,679 845 Santa Fe County (includes city) 1547 445,105 425,072 1478 … Read more
Millennials Leaving the Nest
From RealTrends.com: During the downturn, an unprecedented share of young adults did choose to live with their
parents rather than strike out on their own, hindering household formation and economic
activity. As economic prospects improve, however, Millennials will emerge from their parents’
basements. Today, there are just 13.3 million households headed by Millennials, but this
number will swell to 21.6 million by 2018, and they will spend more than $2 trillion on rent and
home purchases combined – more on a per-household basis than any other “generation”
over the next five years.
Fannie Mae: 4 Ways New Regulation Deeply Impacts Mortgage Lending
From RealTrends.com: Here’s why new mortgages are so hard to come by.
Third Quarter Market Report
From the Santa Fe Association of Realtors:
Markets across the nation seem to be back on the recovery track after a brief
pause. One of the more encouraging aspects of this renewed recovery is that
new construction of single-family homes reached six-year highs in August,
according to the U.S. Commerce Department. Consumers are also finding more
listings in their search results than they have in years. Inventory is rising in many
neighborhoods as higher prices have motivated more sellers to list.
September 2014
September 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 46 1,030,856 991,112 26 Northwest County 93 710,311 673,049 72 Northeast City 150 696,674 660,390 157 Tesuque 26 770,023 736,803 18 Santa Fe City 696 438,670 416,685 748 Santa Fe County (includes city) 1373 439,417 419,836 1312 … Read more
Millennials Leaving the Nest
From RealTrends.com: During the downturn, an unprecedented share of young adults did choose to live with their
parents rather than strike out on their own, hindering household formation and economic
activity. As economic prospects improve, however, Millennials will emerge from their parents’
basements. Today, there are just 13.3 million households headed by Millennials, but this
number will swell to 21.6 million by 2018, and they will spend more than $2 trillion on rent and
home purchases combined – more on a per-household basis than any other “generation”
over the next five years.
Santa Fe Area Home Sales Down From 2013
From The Santa Fe New Mexican: The summer home-buying season was sluggish in Santa Fe, while outlying county neighborhoods posted higher sales, according to data released Thursday.
August Housing Market Report
From RealTrends.com: The REAL Trends Housing Market Report for August 2014 data shows that housing sales decreased 5.2 percent from the same month a year ago. The annual rate of new and existing home sales for August 2014 was 6.002 million units down from a rate of 6.334 million in August 2013.
August 2014
August 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 38 1,063,076 1,021,897 19 Northwest County 82 715,189 678,750 60 Northeast City 127 680,038 644,230 135 Tesuque 22 792,800 756,677 14 Santa Fe City 606 434,788 412,690 653 Santa Fe County (includes city) 1195 437,722 418,064 1147 … Read more