The prices in real estate in Santa Fe, in the New Mexico region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Santa Fe has increased strongly during the last 6 months. In January, the average price per sq.feet was $320. In the following month the price per sq.feet increased considerably to $1,350. The price for the following two months in (March, April) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 144 % 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 $925 to $1,333 during May, and June.
Based upon to the price in Santa Fe (cities), this has fallen considerably in the last 6 months. The average price for January is $998,151. During February the price had a considerable reduction till $630,617. During the following two months (March, April) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $710,723 and $696,623 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $732,976 they are 57 % more affordable than the average price for Santa Fe. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $647,540.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $434 / sq.feet, with an average $1,626 / sq.feet price in Santa Fe. The properties with the highest average prices have 3 bedrooms. They are 80 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,275 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $732,976 it is 75 % cheaper than the average price in Santa Fe. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $881,927 it is 30 % 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 $187 / sq.feet followed by "Farm" priced at $266 / sq.feet. "Commercial" is the most costly type of property with a $5,524 / sq.feet cost followed by "House" with an average price of $1,933 / sq.feet.