Santa Fe's Second-Home Housing Market is Booming

May 23, 2018

Santa Fe, NM's housing market is on the rise specifically in the luxury second-home sector. The city is currently No. 1 on the "Hottest Second-Home Market" list from "The Luxury Thermometer," according to a recent report. 


"A market that lagged after the 2008 recession is finally catching up — known to have an excellent quality of life and relative affordability is seeing a surge of new buyers creating inventory shortages throughout the city," according to "The Luxury Thermometer" as mentioned in a National Mortgage News report.


The report revealed that out of 21 properties located in Santa Fe and listed on Christie's International Real Estate, just one home is under the $1 million price mark and just barely at that. 


Where does Santa Fe stand amongst competitors? Well, the report stated that in terms of how many second-homes are luxury homes sold, there is no concrete evidence. That being said, David Barker, owner of Barker Realty, Christie's Santa Fe affiliate, estimated that "second-home buyers make up more than 50 percent of the luxury market," according to the report.


To learn more about Santa Fe, NM's booming second-home and luxury second-home housing market, click on the image above



Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.