Article used with permission from Francis Phillips, First Choice Loan Services Inc. What is the Cost of Waiting Until Next Year to Buy? We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter … Continue reading →
Dear Friends, Clients, Business Associates and Neighbors, April 2017 marks fourth edition of Eco Lifestyle and Home Newsletter in its new email only format for 2017. We offer Real Estate & Lifestyle news in the email newsletter covering Santa Fe, Taos Ski Valley, Taos County and beyond. In this edition, we offer the following: Lifestyle: Growth Real Estate Market Update … Continue reading →
Home Sales Up In Santa Fe and I Predict Lot Sales Will Increase Along with Construction Starts Here is a good read from Nick Chavez discussing home sales in Santa Fe. What I also find interesting is that land sales are also up. It looks like it is time to buy a lot and build your dream home! Lot prices … Continue reading →
Can’t Sell a House? DON’T Lower the Price. Do this Instead… It’s almost always cheaper to fix the problem than lower price! Myth If a home is not selling, reduce the price. Fact There is always something that can be fixed, which keeps a home from selling. It is almost always cheaper for the Seller to fix the problem, than … Continue reading →
10 Reasons 2015 Will Rock for Real Estate Yet another 2015 prediction! It will be interesting to see what the pundits predict by the end of 2015, but until then here is the forecast for 2015. ~ Dianne Daily Real Estate News After a slowdown in the market this year, housing analysts and economists have high hopes for 2015. … Continue reading →
10-Year Review: How’s Housing Really Doing? I am always asked, “How’s the market?” so I like to keep up on my research. Besides our local Santa Fe MLS, I have real estate email alerts sent to me several times a day. When I find something I think my clients would find of interest, I like to blog about the … Continue reading →
NYC parking spots selling for $1 million Ok, I get clients in my office every day and I often hear form many of them that construction costs in Santa Fe are so high compared to …… where they are from. Well, that maybe true that construction costs have not really dropped, even in the challenging economy. When I read this … Continue reading →
I wanted to share this article to my client Sellers and Buyers: Shadow inventory a question for Santa Fe home market: Santa Fe Real Estate Market Update by Bruce Krasnow | Posted: Monday, September 8, 2014 7:00 pm Bruce Krasnow BRUCE KRASNOW Business Beat The big question for the Santa Fe residential real estate market is not how many … Continue reading →
2014 New Mexico Housing Market Reprinted from The Housing Predictor The New Mexico housing market experienced some rough times in the aftermath of the 2008 recession. But, things appear to be improving now that the second quarter of 2014 ended. Experts claim that the 2014 New Mexico housing market is experiencing a slow uptick. It also experienced some notable improvements … Continue reading →
Solar Panels and Alternative Energy Solar Panels were not allowed in Aldea in the early development stages, but the past Governor Bill Richardson, signed a law prohibiting the denial of solar panels. As energy prices continue to climb, it makes solar panels a more viable financial option for retrofitting ones home. In New Mexico, there is so much sunshine and … Continue reading →
Why the Second Half of 2014 Will Be Better Than the First Here is an interesting prediction that the housing trend while sluggish is moving upward….~Dianne Daily Real Estate News | Monday, July 21, 2014 The housing market has been sluggish in many markets over the past six months, after last year’s double-digit appreciation. But researchers at the real estate … Continue reading →
Q2 Market Report for Santa Fe County Stats are in for the Q2 Market Report for Santa Fe County. Here is what the home buying/selling market looks like: Original Asking Price vs. Selling Price Original Asking Price vs. Selling Price Housing Inventory Average and Median Sales Price Average Selling Price per Square Foot … Continue reading →
Home Sales Inventory of Homes Are Down From Last Year Just sharing a recent article in the New Mexican: Posted: Monday, June 23, 2014 7:00 pm | Updated: 10:29 pm, Mon Jun 23, 2014. Bruce Krasnow “Barker Realty’s Santa Fe Real Estate Market News for May indicates that both closed residential home sales and the inventory of homes for sale … Continue reading →
What’s Really Going On…. This is an interesting read and adds a different spin on the housing market. The ups and the downs are a given in the economy and in real estate. Where does your home value stand today? Worth more than when you purchased it or worth the same or worth less? One Of The Best Housing Pundits … Continue reading →
The Consequences of Non-Competitive Listings Part 2 The Dangers Of Overpricing Market value is a tricky number, because comparable-sales data do not always provide a good guide to a home’s value. Nearby homes that have sold in the past six months or so may be quite different from yours in appearance or condition, and there may be too few recent … Continue reading →
The Consequences of Non-Competitive Listings Below is an article sent to real estate agents about the dangers of overpricing listings. In the next posting, The Consequences of Non-Competitive Listings Part 2, I write an article with my advice to agents and to sellers about overpricing. Pricing 101: A Lesson for Real Estate Agents by Rich Casto Right now it is … Continue reading →
Warren Buffet worried about housing, should we be too? I just read this article after posting 2 articles on the market trend in Santa Fe & Aldea. This article makes me a bit nervous for the future. So with all the pundits, it comes down to real estate is an investment. Investments go up and go down… that is a … Continue reading →
Aldea May Market Report So you might have read my Santa Fe May Market Report by now and here is the current Aldea May Market Report for the first quarter of the year. There are 3 homes pending sale with days on the market ranging from 12 to 301. Since the start of this year, 7 homes sold with days … Continue reading →
Market Report May 2014 The Santa Fe area residential market report May 2014, was off to a slow start as usual in the fist quarter. I hear that many real estate agents take the few months off at the first of the year. I have not figured out how to do this, however. While the market is slow, there is … Continue reading →
Aldea 2013 Sold Homes & Lots Days on the Market Days on the Market for Homes in Aldea When you look at the averages of days on the market in Aldea, we can see that some houses sell quickly, and the average home sale takes approximately 6 months to sell. Aldea Residential Listings Sold 26 Homes Days on the Market: … Continue reading →
Overall Home Sales and Volumes Hold Steady 4th QUARTER 2013 CONDO SALES AND PRICES RISE by Coleen Dearing, 2014 President, Santa Fe Association of Realtors (Santa Fe, NM – January 17, 2014) Overall City and County of Santa Fe home sales fell by less than 1% in the 4th Quarter of 2013 compared to homes sales in the same Quarter … Continue reading →
Multiple Offers Multiple offers are typically generated on a property that is perceived either as an “exceptional value” or a great “opportunity to create value in the near future“. Multiple offers are a sign of a strong buyer demand that outpaced available inventory. In either case, preparation and choosing the right go-to-market strategy are key. The seller must present the home … Continue reading →
2014 Predictions It’s that time of year when all the pundits start predicting the future. The current state of Real Estate in Aldea. Inventory is down in Aldea, currently there is one distressed property on the market. That might change in the coming months, but right now Aldea has 5 properties under construction, 4 properties in review for construction, with … Continue reading →
August Housing Barometer DetailsRecovery Phase 3 Well, it is good news: Existing home sales rose, construction starts are up and delinquency and foreclosure rate went down. Read the Trulia Pro Blog For Real Estate Professionals below: By Jed Kolko, Chief Economist August 29th, 2013 Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving … Continue reading →
