In January 61 homes sold in the city limits of Santa Fe, New Mexico! The median sale price was $392,500 and the median price per square foot was $212. Homes sold for an average of 97.43% of asking price with a median days on market being 46.
Now in the county of Santa Fe, in January 109 home sold for a median sale price of $461, selling for about the same percentage of asking price. Median price per square foot was higher at $231.61 and average days on market was a tad lower at 42 days.
So what do all these numbers mean to you? If you’ve been thinking about selling, it’s a no brainer – go for it! And if you need to buy again or are thinking of buying, you will still likely be paying less on your monthly mortgage payment that you would for rent. Interest rates hover in the mid 3’s, so you will lock in a really awesome rate that you’ll be happy with for years to come. The key to making money on any investment is timing and now is a sweet time to make moves in Santa Fe real estate.