Residential Sales Santa Fe County Residential Sales By Quarter. Sales Dollar Volume

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1 Santa Fe County Residential Market Report Q1 2015

2 Residential Sales Santa Fe County Residential Sales By Quarter Sales The first quarter of 2015 Sales for Santa Fe County were flat compared to the first quarter of Sixty-four percent (64%) of sales were below $400, and twenty-seven percent (27%) were from $400, to $750, The remaining nine percent (9%) were above $750, Luxury Sales ($1M+) were down nine percent (9%) compared to the first quarter of Santa Fe County ended the first quarter with 309 homes under contract. Sales Dollar Volume $250,000, $218,478, $212,578, $200,000, $191,110, $150,000, $100,000, $50,000, $159,238, $157,454, The first quarter of 2015 Dollar Volume for Santa Fe County was down two percent (2%). The Dollar Volume continues to stabilize, providing optimism for continued growth in 2015, especially heading into the upcoming selling season (2nd & 3rd quarters). $0.00 Dollar Volume $159,238, $191,110, $218,478, $212,578, $157,454, Q Santa Fe County Residential Market Report

3 Average and Median Sales Price $500, $450, $450, $426, $421, $411, $402, $400, $350, $337, $320, $302, $299, $302, $300, $250, $200, $150, $100, $50, $- Ave. Price $ 411, $ 421, $426, $ 450, $ 402, Med. Price $ 302, $ 299, $337, $ 320, $ 302, Average Selling Price per Sq. Ft. $ $ $ $ $ $ $ $ $ $ $ $ $ The average sales price in the first quarter of 2015 decreased two percent (2%) to $402,69.00 compared to the first quarter of 2014 which was $411, The median sales price in the first quarter of 2015 remained flat at $302, compared to the first quarter of Although both decreased slightly, it s directly correlated to the majority of sales remaining under $500, Both the average and median sales prices have stabilized and are poised to increase especially with very limited inventory. The average selling price per Sq. Ft. in the first quarter of 2015 increased two and one half percent (2.5%) to $ a Sq. Ft. compared to $ a Sq. Ft. in the first quarter of Over the last five quarters, the average selling price per Sq. Ft. has been $ and continues to slowly increase. Price per Sq. Ft. varies throughout the city and county and it s important to look at specific markets to be accurate. Price Per SqFt $ $ $ $ $ Q Santa Fe County Residential Market Report 3

4 Original Asking Price vs. Selling Price Santa Fe County Residential Original Price Vs. Selling Price By Quarter 93% 92% 92% 92% 89% The original Asking Price vs. Selling Price in the first quarter of 2015 remained flat at ninety percent () compared to the first quarter of Over the last five quarters it s remained around ninety one percent (91)%; meaning sellers are reducing prices 9% before their homes close. When we compare the list price to sales price, it reflects an average of ninety five percent (95%) - which is often times negotiated when a contract is received. Original Vs. Selling 92% Housing Inventory Santa Fe County Residential Homes For Sale By Quarter Homes For Sales Homes for sale in the first quarter of 2015 decreased sixteen percent (16%) compared to homes for sale in the first quarter of There are currently six and one half months of inventory of homes for sale. The National Association Of Realtors defines a healthy market as six to eight months. Despite our tepid economic environment, our inventory is being absorbed - leading toward optimism that prices could increase slightly. If the demand remains high, we believe 2015 could be the best post recession year for Santa Fe Real Estate. 4 Q Santa Fe County Residential Market Report

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