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Santa Fe Real Estate Blog
I love Santa Fe and the beautiful houses in idylic settings. This blog is to keep you informed of what’s going on in the Santa Fe real-estate scene and the Santa Fe style scene.
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Santa Fe Foreclosures
Foreclosure rates in Santa Fe increased for the month of January 2010 over the same period last year according to First American Core Logic, a real estate analytics firm. The rate of foreclosures among outstanding mortgage loans in Santa Fe was 1.64% compared to 0.84% in January 2009.
Santa Fe’s foreclosure rate is well below the national rate, which was 3.19 % for January 2010. The mortgage delinquency rate in Santa Fe increased, as 4.25% of mortgage loans were 90 days or more delinquent; compared to 2.11% for January 2010.
Courtesy of The Santa Fe New Mexican
Spring into Santa Fe Real Estate
Spring into Santa Fe real estate, NOW is your best opportunity.
Expect new listings on the market April-May 2010. Most of the new listings were on the market in 2009 and did not sell. Sellers are more willing to offer their homes at competitive prices in 2010.
The number of buyers in the Santa Fe market are down around 40% since 2008. But in the last 60 days Santa Fe buyers surged at all levels of the marketplace. There are huge investment opportunities in the $800,000 – $2,000,000 marketplace.
Keep in mind builder permits are down by 75% since 2007. Thus fewer newer, well designed homes will be on the market. Of the well designed homes now on the market, the newer will be the first homes to be purchased.
If you are still a few years away relocating to Santa Fe and you desire a new home; I highly recommend land on the NW City Limits. There 2 acre lots that used to sell for $225,000 are now on the market for $180,000. That is a 25 percent discount since 2008.
Of course all you smart buyers are saying I can afford to wait. But let me give you some good reasons to consider investing now.
1.Santa Fe’s market is driven by out of state investors, especially retirees. Santa Fe consistently is mentioned among the top ten desirable places to live and retire in the Southwest.
2. As Santa Fe’s feeder markets in Texas, California, New York, and Illinois markets firm up; this unleashes a buyer frenzy on the Santa Fe market. Because Santa Fe is a much smaller real estate market than other areas, the home inventory will shrink faster.
3. The Fed raised the discount rate lately. Expect more interest raises as demands to finance the debt in US Government, US States and other Countries continues. Sooner, rather than later your opportunity to invest at the bottom of the Santa Fe market will evaporate as interest rates rise.
Contact me, your free relocation services include: relocation package mailed to you, discount Santa Fe Hotels, MLS listings emailed to you.
Anthony Atwell – Serving You Santa Fe Real Estate 20 Years
505-670-2177
The Future of Home Price Appreciation
The Future of Home Price Appreciation
Patron Saint of Santa Fe
In 1610 Don Pedro de Peralta of Spain, founded the city of Santa Fe. The city’s official name La Villa Real de la Santa Fe de San Francisco de Asis, or The Royal City of the Holy Faith of St. Francis of Assisi.
The very Rev.Msgr. Jerome Martinez Y Alire serves as a priest and rector for the Cathedral Basilica of St. Francis of Assisi. He shares, “St. Francis is everybody’s saint. You do not have to be Catholic to profit from the life and lessons of St. Francis. He typifies simplicity and poverty following the life of Christ.”
Today, St. Francis annual feast day falls on October 4. On this day the priests will take time to bless the animals. St. Francis is also associated a being the patron saint of animals.
“There are three reasons why St. Francis is associated with animals, ” Martinez said, “The first is because he believed that all God’s creatures – including animals – glowed with the power of God’s love. The second is that when he first began to preach, he would not always be successful preaching to people. So he would preach to the animals instead, and the animals would stop what they were doing and listen. The third reason has to do with a wolf in Gubbio who was eating the people. St. Francis went to meet with the wolf and made a deal with him that if the people fed the wolf, the wolf would stop eating the people.”
- a prayer attributed to St. Francis -
Lord, make me an instrument of your peace.
Where there is hatred – let me show Love.
Where there is injury – Pardon
Where there is doubt – Faith
Where there is despair – Hope
Where there is darkness – Light
And where there is sadness – Joy
The Santa Fe New Mexican, “The Saint in Santa Fe”, Gregory Pleshaw, Bienvenidos 2009.
Luxury Home in Santa Fe
Each luxury home in Santa Fe has it’s own character. Key ingredients include: open floor plans, abundance of natural light, large windows, large portals wrapping around the house, kiva fireplaces, plastered walls, carved doors, large floor tiles, radiant heat.
Situated on a private 2.5 acre lot in Las Campanas, this 4,864 square foot adobe and Rastra house embodies the perfect balance of sophistication and grace.
The former owner of Santa Fe’s elite woodworking shop, Southwest Spanish Craftsmen, had this house built to showcase the many fine hand crafted details in the company’s 80 year oeuvre. From over sized solid walnut doors, to hand carved accent doors, beams and vigas, this house is teaming with extras that no other house offers.
2 Windridge Circle, MLS 906505, $1,850,000
Anthony Atwell, Serving You Santa Fe Style 20 years.
