I’m sure you’ve heard that home prices have increased over the past few years, but I thought you might appreciate a deeper dive into how prices have changed in specific Santa Fe areas.
Check out the graph below to see how price per square foot has changed in these areas year over year since 2019.
These are areas designated by our MLS, so if you have questions about which neighborhoods are in which areas, just reference the map below.
What does this mean to you?
If you’re thinking of buying in Santa Fe and you think prices may fall…here’s the trend from over the past few years to show you how that might not be the best strategy.
Remember that if you buy with a mortgage, you can always refinance if rates come down in the future. But with home prices expected to continue to rise, waiting to buy will only cost you more. In fact, below is a graph showing the forecasted rise in home prices through 2029.
Feel free to reach out if you’d like to discuss or if you have questions!
