November Home Sales

From “All Things Real Estate,” Volume 1 Issue 1

By Kate Marburger, Palace Office Marketing Director, 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 from November 1 to November 31, 2010. These statistics are for all residential home sales including single family homes, condos and town homes.There were a total of 95 home sales during this time period ranging in price from $75,000 to $1,700,000. The number of sales this month was up from 76 homes sold in October 2010.

The total sales volume for November was $40,652,647 which is up from the sales volume of $35,419,262 in October.

The average sales price was $429,923, lower than the average sales price of $466,043 for the month of October.
Homes on the market for more than 120 days sold for an average of 90.65 percent of list price and accounted for 59 or 62.11 percent of the sales. Homes on the market for 30 days or less sold at an average of 97.32 percent of list price but accounted for only 4 or 4.21 percent of the sales.

The average number of days on the market was 188 days which is a little lower than the average days on the market in October, which was 195.

Fifty-four of the homes sold for under $350,000; 16 sold from $350,000 to $500,000; 17 sold from $500,000 to $1,000,000, and ,8 homes sold from $1,000,000 and $1,700,000.