Santa Fe County Residential Market Report / Fourth Quarter 2020

What a year we had in real estate for 2020! We’re entering 2021 with record low inventories and our December average sales price was up a whopping 25% over where we started in January of last year. Construction costs have been increasing the past several years nationally by about 5% per year but local contractors will tell you it’s certainly more than that in Santa Fe. With little inventory of resale homes, we’re finally seeing a marked increase in new construction in both housing and apartments. That’s good because we need more options for buyers. Transactions of vacant residential land sales increased 77% between the 1st and 4th Quarters while the average price was up only 5.5% to $154,000.

There will be no diminishment of out of state buyers…

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Delicious pieces of chocolate broken apart and ready to eat

There’s something about the taste and aroma of chocolate that comforts the soul and satisfies the sweetest sweet tooth. Santa Fe winters are prime time for indulging in chocolate. For one thing, the colder temperatures mean we can eat chocolate without it melting on our fingers, not that it’s ever stopped us before. For another thing, we can savor seasonal treats like drinking chocolates and chile-spiced chocolate candies.


Chocolate has been a cherished New Mexican food for about a thousand years. In 2009, University of New Mexico anthropologist Patricia L. Crown discovered the first evidence of chocolate consumption in North America from pottery vessels excavated at Pueblo Bonito, Chaco Canyon in…

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