March 2014 Home Sales for Santa Fe

Real Estate by the Numbers
By Abigail Davidson, CRS, ABR, SRES, CLHMS, CNE

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

There were a total of 144 home sales in March.  Prices ranged from $65,500 to $2,208,800.  Total sales volume for March was $60,651,266, up from February which was $52,626,432. Notably 51 percent of the sales were cash. The average sold to list price was 95.98 percent.

The average sales price in March was $421,189, up from February which was $417,670. The median sales price for March was $286,950, down from February’s median of $327,500.  The average number of days on the market in March was 165 and February’s was 194.   Here is how number of sales per price-band reported in March 2014:

  • 88 homes sold for under $350,000
  • 17 homes sold from $350,001 to $500,000
  • 32 homes sold from $500,001 to $1,000,000
  • 7 homes sold from $1,000,001 to $2,550,000