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Simply put, Lisa Smith managing the sale of my house was a gift that I will cherish the rest of my life.  Lisa is a woman of few words, and all action and results. She sold my house in one day. She managed every aspect of the escrow superlatively, informing me of actions needed, and always provided outstanding direction, with the most frequent comment being that she had already taken care of it.  It was the perfect escrow. We even closed a week early.  Lisa is one of the smartest, most capable and caring people I have ever encountered. I made a decision early on to just trust her 100%:  to follow her direction and advice without question. It was one of the best decisions I ever made.  She exceeded my highest expectations on a daily basis. There are not words to adequately praise Lisa Smith. And probably equally as valuable as her brilliant execution, Lisa has a heart of gold. My needs were truly No. 1.  It simply doesn’t get any better than Lisa Smith.
Robin Hale, Calabasas, CA

Eldorado Living – July 2017

This is the Real Estate Beat column in the July Eldorado Living Magazine. These two have some of the most amazing real estate juju I have ever worked with. Enjoy!

Eldorado residents tell their real estate story

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Eldorado Real Estate Report – Jan. – June 2017

Eldorado Real Estate Report – Jan. – June 2017

Hello All –
Here is the monthly Eldorado Real Estate Report covering the last six months from January through June 2017. Inventory of available properties continues to increase, the rate of sales is steady. Our neighborhood continues to be popular with folks who appreciate the land, views, biking, hiking and the pool, parks and shopping.

39 Active Eldorado Properties 

16 Homes Under Contract

15 Sold

– $219 was the average price per square foot in June. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $173 – $225 in the last six months. Some properties sell for as low as $119 and as high as $250.

56 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days. This has ranged from 51 – 188 in the last six months. Homes sold quickly when priced correctly and properly prepared for sale. 

– 98% is the sales price vs. listing price for June. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 95% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive. The 100% figure takes into account that some homes sold above the listing price.

– 412K was the average listing price last month. The average sales price was 402K.

– 2.6 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood.

If you would like to discuss the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (Jan. 2017 – Jun. 2017)
Average Price per SQFT (Sold) (Jan. 2017 – Jun. 2017)
Avg Days On Market & Sold/List Price % (Jan. 2017 – Jun. 2017)
Average Price of For Sale and Sold (Jan. 2017 – Jun. 2017)
Months of Inventory Based on Closed Sales (Jan. 2017 – Jun. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published July 2017, based on data available at the end of June 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Report: Santa Fe-Area Home Sales Remain Strong

 

Halfway through 2017, home sales remain robust in the Santa Fe market, with closed transactions up more than 9 percent through June and median prices in both the city and county up over last year’s numbers.

The Santa Fe Association of Realtors said Wednesday in its quarterly market report that second-quarter sales — in April, May and June — rose 7.2 percent in the city of Santa Fe, with a median price of $325,000, up 7.4 percent from a year earlier.

During this same period, county home prices rose by 10 percent to $465,000.

The second quarter was especially strong for sales of condominiums and town homes, one indication that baby boomers are still looking to downsize. The share of the market for those units is small in Santa Fe, but closed sales during the quarter increased 25 percent from a year ago, to 116.

While the number of new listings in the Santa Fe region has declined recently, the total inventory of homes for sale in the Santa Fe market stands at 1,711. That is up slightly from the end of March but about where it was 12 months ago.

Alan Ball, the qualifying broker at Keller Williams Santa Fe, said the market is balanced in most price ranges.

“Overall the market is somewhat balanced, with the usual strong and weak pockets. One who wishes to sell a home should find enough of a pool of buyers to make a deal,” he wrote in a recent blog posting about Santa Fe home sales. “Prospects who are considering our area will have a reasonable amount of inventory to shop.”

But there is one sign that less inventory might be having some impact. The count of properties for which contracts have been accepted, pending sales, dropped 25 percent in the second quarter, to 560 from 753.

If that trend continues, it would dampen sales for the remainder of the year.

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Santa Fe Wins a National Geographic Award

Santa Fe Wins a National Geographic Award

Santa Fe is getting recognized by a company that knows a pretty city when it sees one. National Geographic crowned Santa Fe a World Legacy Awards winner.

Santa Fe won the Sense of Place category. That category measured authenticity, support to protect historical monuments, archaeological sites and maintaining other culture and tradition. Santa Fe beat out Awamaki, Peru and Adventure Canada, Canada for this category.

“National Geographic stands for exploration, conservation and stellar storytelling. World Legacy Awards celebrate the people, places and experiences that exemplify our mission in the global travel industry,” said National Geographic Travel editor-in-chief George Stone in a statement.

Stone said the recipients represented the future of travel and are leaders in sustainability.

Tourism of Santa Fe Executive Director Randy Randall said, “ This is an incredible international honor for Santa Fe to be singled out as number one in ‘Sense of Place.’ It is a testament to what makes Santa Fe so special and truly The City Different.”

The awards aim to highlight sustainable and global tourism around the world. The awards are presented by National Geographic and ITB Berlin. There were more than 100 entries from 45 countries across six continents. The 15 finalists were evaluated by 26 judges and underwent an onsite inspection. The awards come as the United Nations declared 2017 “The International Year of Sustainable Tourism Development.”

“Our cultural diversity, our careful preservation of history and our authentic offerings have allowed us to be recognized on a world stage as the only recipient from the United States in this years National Geographic Legacy Awards,” said Randall.

This isn’t the first time Santa Fe has been recognized by National Geographic. It has been named on the Best Adventure Towns and of The Best High Altitude Cities.

In the most recent report done by the New Mexico Tourism Department, direct visitor spending in 2014 saw an all-time high at $6.08 billion.

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Eldorado Real Estate Report – Dec. 2016 – May 2017

Eldorado Real Estate Report – Dec. 2016 – May 2017

Hello All –
Here is the monthly Eldorado Real Estate Report covering the last six months from December 2016 through May 2017. We are seeing an increase in the number of listings as selling season gets underway.

In May:

33 Active Eldorado Properties 

15 Homes Under Contract

18 Sold

– $223 was the average price per square foot in May. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $173 – $225 in the last six months. Some properties sell for as low as $119 and as high as $250.

77 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days. This has ranged from 51 – 188 in the last six months. Homes sold quickly when priced correctly and properly prepared for sale. 

– 98% is the sales price vs. listing price for May. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 95% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive. The 100% figure takes into account that some homes sold above the listing price.

– 398K was the average listing price last month. The average sales price was 400K.

– 1.8 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood. 

If you would like to discuss the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.

 

Best,
Lisa Smith
Santa Fe Properties
Top Producer 2016
505-570-5770 – cell
Number of Homes For Sale vs. Sold vs. Pended (Dec. 2016 – May. 2017)
Average Price per SQFT (Sold) (Dec. 2016 – May. 2017)
Avg Days On Market & Sold/List Price % (Dec. 2016 – May. 2017)
Average Price of For Sale and Sold (Dec. 2016 – May. 2017)
Months of Inventory Based on Closed Sales (Dec. 2016 – May. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published June 2017, based on data available at the end of May 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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11 Best Day Trips in New Mexico

11 Best Day Trips in New Mexico

The 11 Very Best Day Trips You Can Possibly Take In New Mexico

Due to New Mexico’s size, it’s challenging to leave the state for a day trip, unless you live next to the border. But that’s okay. There are plenty of amazing destinations just waiting to be discovered in the Land of Enchantment. To get you started, we’ve compiled a list of some of the best day trips you can take in New Mexico.

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Eldorado Farmers Market – Opens Today!

 
Farmers’ Market!
Please join us on Friday June 2nd as the Eldorado Farmers’ Market begins its 2017 season.
Many of your favorite vendors will be returning and new vendors will be joining us every Friday from 3:30pm-6:30pm.
See you at the market!
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2017 Client Appreciation Party

Last weekend, we had a Client Appreciation Party at our home in Eldorado. A good time was had by all and new residents were able to connect. Most of the guests had purchased a home in Eldorado, a few were from in-town.

Eldorado Real Estate

Youth Symphony Mariachi Group perform at Client Appreciation Party. May 2017

Eldorado Real Estate

Clients arriving

Eldorado Real Estate

And they were fantastic!

Eldorado Real Estate

Guests enjoyed drinks and snacks on portal

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Lisa Smith reviews

Lisa Smith

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Reviews on Zillow
2967612
"Lisa is competent and professional. She knows her facts or will quickly find out. She is in close communication with her clients -always in a pleasant ... more "
5.0/5.0
by suzannewolinsky
2966854
"Lisa Smith (Santa Fe Properties) was extremely helpful throughout the escrow period. She sent me an e-mail of the property on October 29th. By ... more "
5.0/5.0
by Peter Sitz
2909280
"Lisa helped us sell a home with a challenging layout. She kept us motivated and through her networking skills, helped us to sell! She is a "no ... more "
5.0/5.0
by newmexico chile
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