Santa Fe has more buyers than homes. Mortgage will play a critical role in the coming year. According to Bankrate, mortgage rates have reached their highest levels since April 2020. Given the two previous years’ appreciation and the potential for higher interest rates, now might be a good time to evaluate your real estate value and adjust your strategy and thinking as necessary. At Barker Realty we have more than 70 real estate professionals who can help you think about your real estate strategy for 2022.
At the end of 2020, we thought we had seen it all, but 2021 proved us wrong. The rate of change in our real estate market has been hard to quantify but here we have some standout numbers: an increase of nearly 12.5% in the number of sales and a massive increase of 32% in total sales volume over an already record-setting 2020. Santa Fe is a popular destination for many Buyers. We saw continued interest from major metro areas with inbound buys coming from Los Angeles, Dallas, Denver, and Seattle. We expect this type of demand to continue.
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