The prices in real estate in Santa Fe, in the New Mexico region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Santa Fe has fallen in the last 6 months. In July, the average price per sq.feet was $756. In the following month the price per sq.feet increased considerably to $1,449. The price for the following two months in (September, October) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $859 to $362.5 during November, and December.
Based upon to the price in Santa Fe (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $641,432. In August This price remains at $653,999. During the following two months (September, October) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 161 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $914,175 they are 78 % more affordable than the average price for Santa Fe. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $856,423.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $249 / sq.feet, with an average $325 / sq.feet price in Santa Fe. The properties with the lowest average prices have 3 bedrooms. They are 4 % cheaper than the average followed by properties with 4 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $914,175 it is 54 % cheaper than the average price in Santa Fe. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $606,961 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $118 / sq.feet followed by "Farm" priced at $260 / sq.feet. "Condo" is the most costly type of property with a $369 / sq.feet cost followed by "House" with an average price of $361 / sq.feet.