Friday, January 25, 2013

Santa Fe Real Estate Market on the Rise

Over the past six months The Madeleine Bed & Breakfast Inn has hosted many a guest in the market for a home in Santa Fe.  As was the case in much of the country, our real estate market dropped in value by about 30%, though that tide is turning.  Inventory has dropped significantly from a year ago, and the median sales price for a Santa Fe home in the final quarter of 2012 was $266,184 - an increase of close to 30%, though there were fewer sales overall in that final quarter.

In addition, "Business Insider" anticipates Santa Fe's annualized expected growth in the real estate sector to be 8.9%, making it one of the fifteen best housing markets in the U.S. over the next five years.  From the sounds of it, now is the time to buy in Santa Fe, before things heat up even more.

Santa Fe boasts a plethora of realtors, from large national agencies such as Sotheby's and Coldwell Banker to highly reputed local agencies such as Barker Realty, Prudential or Santa Fe Properties.

This is also a great time to furnish that new home in Santa Fe, as American Country Collection is offering every item in their showroom at 25% off.  Located at 620 Cerrillos Road, the store features unique home furnishings, antiques, rugs and a wide assortment of upholstery and curtain fabrics.

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