Santa Fe Real Estate - October 2009 Newsletter

The Santa Fe Association of Realtors recently released their 3rd quarter 2009 stats to the media. With the exception of the Southwest Quadrant of the County, where unit sales saw a healthy increase, going from 115 in the 3rd QTR of 2008 to 140 in the 3rd QTR of 2009, it appears that sales have continued to decline in all other parts of the city and county. What this tells me is that the $8,000 tax credit for First Time Home Buyers is working as far as getting some First Time Home Buyers who otherwise may not have purchased to purchase. However, and this is the catch, that is not translating into sales in other segments of the market.

Congress is currently looking into the option of extending the tax credit and the Senate in principle has agreed to it, though, so far, no information is available as to the size of the tax credit, whether it will be available only to First Time Home Buyers or to any Buyer, whether it will be attached to the Unemployment Bill, some other Bill or be a stand alone Bill. Of course, once all of those details along with income limits and home price limits are agreed upon, it still needs to go to the House and the President for final approval.

As things stand, anyone using the First Time Home Buyer Tax Credit must finalize the purchase on their new home by November 30th, 2009.

Read how consumer confidence affects the rate of foreclosures in America. Click here

The Santa Fe County Commission voted unanimously Friday to allow the Las Campanas Limited Partnership to withdraw as a partner in the Buckman Direct Diversion water project, and to become a county water customer instead. Read the whole article from the "Santa Fe New Mexican".

1002 Hickox

$312,900

3 Bedrooms, 2 Baths

~1500 square feet

Newly remodeled 3 bed 2 bath semi-attached adobe home on corner lot. Two main entrances, separate entrance to one bedroom that could be an office. Fireplace, carpeted bedrooms, laundry room, basement. Walled in garden, with fruit trees. New exterior stucco. Carport.

116 Haozous Road

3 Bedrooms, 3 Baths

3236 Square Feet

$550,000

This beautiful horse property includes a downstairs guest house and separate studio! Enter this gracious home from a beautifully landscaped, walled & flagstoned, private courtyard. Enjoy sweeping views of rolling hills, the Sangre de Cristo and Manzano Mountains from the balcony that runs the length of the house. This land is completely fenced and includes a large horse corral. The main house features beautiful saltillo tile, high wood plank ceilings with extra large vigas and two kiva fireplaces.

640Paseo de Peralta

3 Bedrooms, 3 Baths

3228 Square Feet

$975,000

Fabulous, flexible property three blocks from the famous Santa Fe Plaza. Zoned BCD this property could be the perfect live-work situation. Downstairs is a comfortable home with a magical garden and hot tub. Upstairs could be a rental, a gallery or your special Santa Fe business. Located just across the street from Thomas Macaione (Triangle) Park, this home, with its lovely portal and generous lot, is perfect for enjoying all of the uniqueness of Santa Fe living.