There are some great events in the Eldorado and Santa Fe area this week! Click below for the Calendar of Events.
28 Monte Alto Rd. 3-2-2, 1.6 acres. 429K
Built by Yoder, this pretty Eldorado passive-solar home is on a paved road, has a flexible floorplan with two large living areas, a sunny studio and an office space. Gorgeous 2010 kitchen with granite and alder cabinets. A 42-jet hot tub, oversized, finished oversized 2-car garage, new hot water heater and 11 fruit trees including apple, peach, cherry, plum complete this wonderful Eldorado property. Brai roof with 2-year warranty transfers to buyer at no cost. Master bath has in-floor radiant heat. Rainwater catchment system includes two 1,700 gallon tanks for landscape watering. Instant hot water system. Do not miss this one!
Call Lisa for a private showing. 505-570-5770
Home Sales Rise in Last Quarter of 2012, But Inventory Plunges
Bruce Krasnow | The New Mexican
Posted: Wednesday, January 16, 2013 – 1/16/13
Lower prices are good news for Santa Fe homebuyers — unless, of course, there is nothing to buy.
At the end of 2012, for instance, the number of properties for sale declined 47 percent from a year earlier, according to the Santa Fe Association of Realtors’ fourth-quarter numbers released Wednesday.
“I’m still seeing a few sellers who want to sell but are not in touch with reality when I give them the comps,” said Victoria Murphy, a real estate agent with Santa Fe Properties and the president of the Realtors association. “I’ve spoken with them and show them the comparative analysis,” and they decide not to go forward, she said.
Suzanne Brandt with Coldwell Banker Trails West said buyers are reluctant to purchase homes that need a lot of work, so in some price ranges, there is just not a lot to show. “We’re at a very low point in terms of available inventory. In some price ranges, it’s very disappointing what you can find,” she said.
The same trend is going on around the United States as inventory levels of for-sale homes at the end of 2012 were down 17.3 percent from year-ago levels, reaching the lowest level in more than five years, according to Realtor.com.
“It’s been a buyers’ market for a while. Sellers have been reluctant to put their homes on the market,” Steve Berkowitz, chief executive of Move Inc., told the Realtor.com website. “As housing numbers roll out for January and February in the coming weeks, these will be notable to watch, because they’ll provide early clues about buyer traffic and sellers’ expectations, Berkowitz said.
Data from the Santa Fe association clearly indicate that the homes on the market are selling — with about 10 percent less time on the market than a year ago — and 2012 was the best year for total volume since 2007.
In the fourth quarter of 2012, overall sales in the city and county combined rose 20 percent from a year earlier — to 337 from 281. While the median price in the county rose 16 percent to $432,500, it dropped inside the city by 9.7 percent to $280,000. Closed sales were especially strong in Eldorado, which saw 44 homes sell in the fourth quarter, a 37 percent climb from 2011. The median price in Eldorado increased 13.8 percent to $338,425.
The shortage of homes and the paucity of new construction is probably contributing to more land sales, as well, with 54 vacant lot sales in the fourth quarter, up 50 percent from the 36 lots that sold a year earlier, according to the data.
Alan Ball, a broker with Keller Williams Santa Fe, said the inventory shortage will stop prices from falling further. It doesn’t mean 2013 will necessarily bring the price appreciation to Santa Fe that areas as California and the East Coast are seeing.
“With all of those sellers leaving the market, it keeps things somewhat balanced,” Ball said. “Buyers have waited and waited and waited, and have finally stepped in. Prices are done going down, and it’s not likely to get worse. Does that mean prices are going up? It’s impossible to say that with any basis in fact.”
“It’s great there were so many more sales last year,” Brandt added, “but looking forward, we need some more people to list their houses.”
Eldorado in Santa Fe, New Mexico, is home to some of the most sought-after real estate properties in the county. My name is Lisa Smith and I am a long-time resident and a realtor in this community. I specialize in listing and selling Eldorado area properties. It is truly a unique community which offers something for everyone: hiking trails, biking, swimming, tennis, basketball, stables, soccer fields, dog park, children’s parks, a 4,000 acre nature preserve and more.
It’s just 20 minutes to the heart of Santa Fe and the art, culture and history our beautiful city offers as well as excellent year-round climate, gorgeous views, clean air and a variety of recreational activities.
There are 2,670 homes on 8,000 acres with about 6,000 residents. Singles, families, artists, couples, sports enthusiasts, writers, historians—you won’t meet a boring person, believe me! Residents have moved here to enjoy the peaceful atmosphere of Santa Fe or just enjoy the beauty and expansive views of Eldorado.
The homes are primarily Pueblo Revival Style with a few Northern New Mexico (pitched metal roof) style mixed in.
The Agora shopping center in Eldorado has restaurants, vet services, hair salon, shops and mail services as well as a beautifully landscaped courtyard. La Tienda across Avenida Vista Grande has tap room, more restaurants, hardware store and boutique shopping.
Dues are an extremely low $525 a year because Santa Fe County maintains the roads. Eldorado also has the top ranked Volunteer Fire Department in New Mexico.
We would not live anywhere else! Please let me know if you have any questions regarding this wonderful community or the real estate properties available in Eldorado.