Living in Santa Fe Blog - Barker Realty LLC

2023 Q1 Market Report

Spring is here and just like the flowers sprouting from the ground, new listings have begun to steadily emerge in our market. Year over year we have experienced a substantial increase in inventory and prices have dropped some since their peak in the summer of ‘22. Sellers should not be concerned, however – we’re still seeing multiple offer situations and well-priced homes that are not testing the market are moving at a healthy pace. For buyers, there are more options available and sellers are finally back at the negotiation table. While interest rates may be a hurdle, there are clever options available via savvy lenders. Do your research and your time will be well spent.

As we head into the busy season we expect to see more listings, increased…

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“Show the Love” to Española Humane in our March Community Drive

There’s a lot of mouths to feed and pets to keep comfortable — last year they found homes for nearly 4,000 cats and dogs! We hope to raise as much dog and cat food, treats, toys, pet beds, towels, blankets, and supplies as possible. The need is great — drop off your donations to our office in the Railyard, just south of Tomasitas. All the dogs and cats will be thrilled when we make our big delivery!

When: All of March! Stop by our office during business hours

Where: Our office in the Santa Fe Railyard, 530 S. Guadalupe Street

Why: Because we all love our animal companions and want to see them thrive

#espanolahumane #communitymatters #communityfirst #santafe #thecitydifferent…

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2022 Q4 Market Report

We think it’s safe to say the frenzy of the pandemic real estate boom has come to an end, but many things will remain changed long into the future. Buyer expectations have changed as have sellers–cash is king and being creative with offers and negotiations is now standard practice. Santa Fe has an elevated allure on the national psyche and we continue to see strong demand for well-priced homes as new construction begins to provide some much-needed inventory to our depleted market. While sales and prices are down across the board, they have fallen from a peak we all knew was unsustainable and we’re returning to a healthier, balanced market for 2023.

Despite the national headlines, we feel that 2023 will…

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2022 Q4 Market Report

We think it’s safe to say the frenzy of the pandemic real estate boom has come to an end, but many things will remain changed long into the future. Buyer expectations have changed as have sellers–cash is king and being creative with offers and negotiations is now standard practice. Santa Fe has an elevated allure on the national psyche and we continue to see strong demand for well-priced homes as new construction begins to provide some much-needed inventory to our depleted market. While sales and prices are down across the board, they have fallen from a peak we all knew was unsustainable and we’re returning to a healthier, balanced market for 2023.

Despite the national headlines, we feel that 2023 will start a little slow and pick up pace…

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Railyard Spotlight: Sky Coffee Co.

When you’re wandering through the Railyard and an enticing aroma of delicious coffee envelops you, head over to Sky Coffee for your fix! Their coffees are brewed from only single-origin beans from the best roasters in the country. Don’t worry if you’re not a coffee fan, they brew organic artisan teas with the same care that they give their coffee. And while you’re at it, indulge in a sweet or savory pastry from Opuntia Cafe.

A place for thinking, working, relaxing, and even contented boredom, Sky Coffee sits like a fishbowl in the middle of the Railyard next to the water tower, an ideal location for my favorite pastime of watching people and the trains rolling in and out. This delightful…

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Railyard Spotlight: FS2 Supply Co.

A deep love for New Mexico shines boldly with the new arrival at The Railyard — FS2 Supply Company! The moment you walk through the door, pride in being a New Mexican wells in your heart.

Eric and Kelly Griego, owners of FS2 Supply Company, have seen their family-owned and operated company grow over the past five years from a market stand in Pojoaque to a prime location in the Railyard. A prominent graphic designer in Santa Fe, Eric creates designs tapping into a deep New Mexico connection from his multi-generational family. Family is at the core of their business, with Eric’s sister Clarissa Lovato, who owns local media company Elevate Media, contributing to its success.

From hats to…

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2022 Q3 Market Report

Hindsight is 20/20, but it looks like our earlier predictions have mostly come true: more homes are on the market, prices remain high, while overall sales have slowed. With all the headlines regarding global tensions and economic uncertainty, our stable real estate market has proven to be a good long-term investment. We know Santa Fe continues to be a top relocation destination which should shelter our market from whatever shifts may be on the national horizon. And who can blame them? Our summer markets were big successes once again and the foothills continue to glow with the golden hues of autumn.

New apartments, condos, and construction continue to trickle into our marketplace. This will help temper…

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2022 Q3 Market Report

We think it’s safe to say the frenzy of the pandemic real estate boom has come to an end, but many things will remain changed long into the future. Buyer expectations have changed as have sellers–cash is king and being creative with offers and negotiations is now standard practice. Santa Fe has an elevated allure on the national psyche and we continue to see strong demand for well-priced homes as new construction begins to provide some much-needed inventory to our depleted market. While sales and prices are down across the board, they have fallen from a peak we all knew was unsustainable and we’re returning to a healthier, balanced market for 2023.

Despite the national headlines, we feel that 2023 will start a little slow and pick up pace…

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Railyard Spotlight: Casa Nova

Hailing from South Africa, owner Natalie Fitz-Gerald opened Casa Nova Gallery in 2003. Over the last 19 years the shop has evolved, and now includes thousands of delightful objects and artifacts from around the world. Developing a cultural fusion epitomizing “The Art Of Living and Living With Art,” the owner directly imports using her skilled eye to find the unusual, the whimsical, and the practical. One of a kind home furnishings, local and international jewelry artists, women’s accessories, unique tableware, folk and tribal art — all mix in this eclectic visual feast. Next time you’re out and about, stop by Casa Nova and visit with store manager Nelly-Joy. She can help you find a great gift for a…

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Market Update: August/July 2022 Market Shifts?

In our last Quarterly Market Report (Q2 2022) we argued that the numbers reflected in the MLS stats didn’t tell the whole story of what was happening during the first weeks of July. Our suspicion was that buyers were pushing back at increased interest rates and all-time high prices (ATH). Similarly, sellers were hoping to continue pushing the ceiling on pricing, thus creating the perfect storm for a challenging market.

Did a Market Correction Happen?

Yes and no. Our predictions were right that the market hit a turning point where days on market (DOM) and sales price/list price ratio (SPLP) both had substantial shifts. First, DOM nearly doubled from June to July. Now that is notable.…

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