Real Estate News

January 2014 Home Sales

By Abigail Davidson CRS, ABR, SRES, CLHMS, CNE  Broker Associate, Sotheby’s International Realty

The following information has been compiled to provide you with updated information on sales in Santa Fe and its surrounding areas for January 2014. These statistics are for all Santa Fe residential home sales including single-family homes, condos, and townhomes.

There were a total of 141 home sales in December and 100 in January.  December prices ranged from $76,500 to $2,119,000. January prices were from $55,000 to $1,825,000.  Total sales volume for December was $54,488,959.  January’s was $42,409,153.

The average sales price in December was $376,446 and January’s was $424,091. The median sales price for December was $276,525 and January’s was $310,000.  The average number of days on the market in December was 164 and January’s was 170.   Here is how the number of sales per price-band reported in January 2014:

  • 58 Homes sold for under $350,000
  • 14 homes sold from $350,001 to $500,000
  • 23 homes sold from $500,001 to $1,000,000
  • 5 homes sold from $1,000,001 to $1,825,000

The Sales to List Price Average was 95.79 percent. 35 of the 100 homes sold were cash transactions and accounted for $16,149,497 of the total dollar volume – 38 percent. This is consistent with what we saw in 2013.