Christopher Webster Reports Santa Fe, New Mexico

Christopher Webster Reports has provided extensive analysis of the Santa Fe real estate market since 1982. No other firm analyzes the market in this level of detail, providing those that subscribe to the reports, unparalleled and timely information useful for a variety needs. For the complete Santa Fe Market Report or for custom analysis contact Chris Webster.

Santa Fe Residential Market History

The following is an excerpt of the current biannual analysis prepared by Christopher Webster Reports for Sotheby's International Realty. The statistics summarized by these graphics are based on Multiple Listing Service (MLS) sold property figures, Santa Fe county building permit statistics, and Dodge Reports Construction Potentials Bulletin. All figures used here are based on properties that were listed with MLS and were sold. Properties that were listed but unsold have not been included, nor have properties that sold but were not listed with MLS. As such, the material represented herein contains the majority, but not all, of the Residential Real Estate transactions in Santa Fe. It provides a good indication of trends without representing 100% of the Market.

Residential Sales Graph, 1986-1997

This first graph provides a general overview of Santa Fe Residential Real Estate Sales since 1986. In 1991 and 1995 significant reductions in the volume of sales occurred. The volume reduction in 1991 occurred after steadily increasing sales volume since 1986. Prior to the decline in 1995, sales steadily increased since 1991. The year after these periods of slow sales, moderate recoveries took place. This pattern indicates that Santa Fe has sales cycle that booms for approximately 5 years and then a year of market correction occurs. If sales patterns repeat, the recovery from the 1995 decline should peak in late 1999 or early 2000. 1996 is the first recovery year, as a result for the rest of the decade the Santa Fe real estate market should remain healthy. The forecast for 1997, based on a three year moving average, indicates that sales should continue to increase in 1997.

Sales Over $200,000 By Half Year, 1988-1997

The second graph reinforces this conclusion by providing a moving average forecast for the over $200,000 property sales in 1997. This forecast also indicates that sales levels will increase in this higher end market segment in 1997.