Market Update: Santa Fe, NM October 2021
Luxury home sales throughout Santa Fe, New Mexico experienced a double-digit increase compared to last year, especially those over $1 million according to Sotheby’s international Realty third-quarter market report.
Throughout the third quarter… home sales rose by 20% overall. Sales for homes priced between $1 million and $2 million rose 74% year-over-year, and sales for homes priced over $2 million rose 235% year-over-year.
The average days on market for single-family homes throughout Santa Fe is 49, a 31% decrease compared to this time last year.
The average selling price is $607, 545, a 19% rise compared to last year.
“Performance in the residential housing market in Santa Fe throughout the third quarter of 2021 was remarkably strong in all price sectors. As a result, according to the Santa Fe MLS, average sales price increased by 19% to $608K from $509K one year ago, while the median sales price increased by 13% to $450K compared to $399K one year ago.” – Darlene Streit, Associate Broker at Sotheby’s international Realty Santa Fe.
In conclusion, though inventory is limited, total units sold throughout Santa Fe increased by 20% year-over-year and sales for luxury homes priced over $1 million rose even more.
This Market Report has been provided by
Darlene Streit Exclusive Partner of
LuxuryRealty.com for Santa Fe, NM
Click here to view their profile.
Q3 2021 Sante Fe Market Update
Santa Fe Real Estate Market Quarterly Reports
Report: Sales of Santa Fe luxury homes increase in third-quarter