Home Buying in Santa Fe>Question Details

zeig-fisk, Home Buyer in Santa Fe, NM

Just wondering how much per month, 2-1/2 acres in Sunlit Hills should lease for or sell for?

Asked by zeig-fisk, Santa Fe, NM Fri Sep 27, 2013

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Spencer Ralston’s answer
Based on the one residential lot that sold since September of last year, figure the land is worth around $31,000/acre. Based on nearby lots for sale (still on the market) the average list price is a little under $33,000/acre. If you're talking about leasing a house on that property, a good average figure to go by is $1 per square foot per month.

Hope this helps,
Spence Ralston
spencer@santaferealestate.com
0 votes Thank Flag Link Sat Sep 28, 2013
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