2011 Q4 Market Report: Signs of Life & Pleasant Surprise


Fourth Quarter 2011 (view)

There are new signs of life in the Santa Fe home market. For the past 3 years, the red trend-line on the Average Home Sale Price chart has been just about $400,000. The number of homes sold has averaged about 425 sales per quarter. It appears that this is about to change. Jim O’Neill, Chairman of Goldman Sachs Asset Management, said in a January interview with Charlie Rose that he expects the national housing market to bring a “pleasant surprise” this year. Many other respected advisors are also optimistic. Improved national home markets, coupled with low interest mortgage availability, will allow retiring baby boomers and others to go forward with their plans to move here.