November 2013 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 from November 1, 2013 to November 30, 2013. These statistics are for all residential home sales including single-family homes, condos, and townhomes.

There were a total of 131 home sales during this time period ranging in price from $40,000 to $7,000,000 (highest sale for the year).  The number of sales this month of 131 was down from 156 homes sold in October 2013. Total sales volume for November was $65,989,565, down from $71,870,652 in October 2013.

The average sales price in November was $503,737, up from the average sales price of $460,709 for the month of October. The median sales price was $350,000, up from $348,000 in October.  The average number of days on the market was 156, which is less than the 161 average days on the market for October.  Here is how number of sales per price-band reported in this month:

• 64 Homes sold for under $350,000
• 29 homes sold from $350,001 to $500,000
• 27 homes sold from $500,001 to $1,000,000
• 11 homes sold from $1,000,001 to $3,950,000

The 1 million plus range continues to be strong: 11 this month, 12 in October, 13 in September. The 500K – 1 million is also slighter higher at 27; last month it was 24. There were 25 less total sales this month. High end is starting to move.

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