If you start to look at the median house values for homes in Sante FE, you are going to see that the market looks pretty good. The average values are above $300k, and the listing prices are even higher. The forecast for the market in Sante Fe is really good, and you might have expected that. Sante Fe is one of the premier cities to live in when it comes to the state of New Mexico.
If you are a buyer, you will be happy to know that 10 percent of the listings for homes in Sante Fe have been reduced. Those price cuts mean a savings for home buyers that are looking at properties. It’s music to the ears of investors, too, and sellers will want to know that statistic as well.
Have you looked at the rent index for Sante Fe? It also shows you how strong the market is going into the new year. If you look at the average price for rent in Sante Fe NM, it is about $300 above the national average. That may not be great news for renters, but you know that there are some luxurious properties in Sante Fe. Investors that see that average are going to really like it for sure.
With the home values in Sante Fe on the rise, you can expect that the market in nearby cities are also doing quite well. Are you looking at cities that are around Sante Fe as well? If so, then you are going to want to see how the market lines up with the rest of Sante Fe and the greater area. Remember that not only is the market currently strong for Sante Fe, but it is forecasted to be very strong heading forward into the new year and beyond.December 29, 2017