September 2014 Home Sales

Real Estate by the Numbers

By Abigail Davidson CRS, ABR, SRES, CLHMS, CNE, Broker Associate, Sotheby’s International Realt

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

There were a total of 167 home sales in September up from August, which was a total of 157.  Prices ranged from $44,000 to $2,270,000.  Total sales volume for September was $73,413,575, up from August which was $66,606,180.  The average sold to list price held steady at 96.8 percent. 66 percent of the sales were cash transactions. These transactions accounted for 44 percent of the total sales volume.

The average sales price in September was $439,602, up from August, which was $424,243.  The median sales price for September was $ 337,500, down very slightly from August’s median of $338,000.   The average number of days on the market in September was 161 and August’s was 154.

Here is how number of sales per price-band reported in September 2014:

  • 86 homes sold for under $350,000
  • 31 homes sold from $350,001 to $500,000
  • 39 homes sold from $500,001 to $1,000,000
  • 11 homes sold from $1,000,001 to $2,270,000

The biggest increases were in the $500,000 to 1 million range and the over $1,000,000 range.