Buyers appear to be more numerous than this time last year in Santa Fe. Showing activity is up. Increased sales are reported nationally, although that good news is tempered by the reduced prices that homes are receiving nationally. The number of sales was up and the inventory of properties for sale is down.
Santa Fe is experiencing an upward trend in commercial construction this spring. The city Land Use Department has issued about half a dozen major commercial construction permits in the last 60 days. Commercial property continues to retained its value.
For sales in Santa Fe, the median price has a 4.5 % increase from a year ago. There were 249 sales of single-family homes during the last quarter — up 16.4 % from a year earlier. The inventory of all available properties for sale during the last quarter shrank by 17 %.
Interest rates hover near historic lows, and the appearance that the general economy is slowly improving may influence buying decision. So now many be the perfect time to buy a Live Work Loft! Come take a tour and see what new urbanism is all about!
For more information, visit Aldea Lofts, www.AldeaLofts.com