Why are there so many homes for sale in zip 87507...especially in Pueblo Del Sol community?

Asked by Mark, Santa Fe County, NM Mon Jun 27, 2011

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Liz Sheffield, Agent, Santa Fe, NM
Tue Jul 5, 2011
Mark, the information on the last email sent did not format as I had intended. If you would like to contact me at Liz.Sheffield@sothebyshomes.com (it is hard to see but there is a dot between the Liz and Sheffield) I can send the info in a pdf file.
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Liz Sheffield, Agent, Santa Fe, NM
Tue Jul 5, 2011
Mark,
Obviously you are interested in this subdivision. Do you currently own a home in Pueblos Del Sol? Below is some information on market history for Pueblos Del Sol. I hope you find the information useful. I would of course be available to discuss this information with you if you are interested.

Average Average Average Average
# Sold Sold $ Ask/Sold $/SF SF DOM
2001 37 234,000 139/136 1723 117
2002 37 243,000 140/138 1744 104
2003 51 275,000 157/154 1920 154
2004 39 309,000 177/173 1826 102
2005 26 346,000 198/195 1803 93
2006 26 357,000 214/211 1738 69
2007 23 381,000 215/210 1864 120
2008 10 360,000 190/186 2058 174
2009 9 311,000 193/186 1692 148
2010 13 303,000 171/163 1891 112
2011 6 280,000 173/168 1697 185

Current Active
15 346,000 160 2237 97/169
Pending
2 336,000 142 2341 349/623

My contact # is 505-660-4299
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Paul Suozzi…, , Santa Fe County, NM
Tue Jun 28, 2011
Mark. As other NM agents have said, this 87507 zip code covers acres and acres of housing developments on the south side of Santa Fe. And many of these developments were recently built. Many of the properties are brand new homes, built between 2000 and 2007. And so, the homes were built during the boom and the the sale prices are adjusting to the current marketplace. I have found that there are many very good values in the 87507 zip code in Santa Fe this summer. If you wish, call or text or email and I will ask a few questions about your needs and preferences. I think you will be impressed with The Bang you may get for The Buck.

Paul Suozzi Santa Fe Properties 505-321-2802 PaulSuozzi@santafeproperties.com
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Spence Ralst…, Agent, Santa Fe, NM
Tue Jun 28, 2011
Hi Mark - You might be interested to know that there are actually MORE homes for sale in other Santa Fe zip codes than in 87507. Here's the breakdown for you:
87501 - 519
87505 - 362
87506 - 255
87507 - 248
87508 - 250

There's a lot of inventory on the market, but homes that are fairly priced are selling nicely. Pueblos del Sol is viewed favorably by buyers, and well-priced homes there are selling - but a bit slowly. So far this year, 3 have sold and 2 are under contract. The average price per square foot of those sold is around $175. Those under contract, and those for sale are averaging around $162/sq.ft. At this time there are 16 homes for sale (not under contract) in that subdivision.

-Spence
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Solange Mena, , Santa Fe, NM
Mon Jun 27, 2011
If more people could sell their homes they would! It's a sign of the times. Pueblos Del Sol is relatively doing ok. Once the sellers realize they have to price their homes like short sales and foreclosures then they will sell. Buyers
are very in tune to the market. It's a shame when buyers get taken
advantage of. Research is key to not getting ripped off. Agents have the data to share with their clients that could really benefit the buyer. If you are
dedicated to making the right purchase then hire and be loyal to one
outstanding agent that you are
comfortable with and you should be
fine. Just pay attention.
Further discussion 505-470-8888.
Solange@sfprops.com
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Very Best Sa…, Agent, Santa Fe, NM
Mon Jun 27, 2011
The zip code 87507 makes up a large geographic area in Santa Fe. You can see the size of this zip code relative to the others in Santa Fe by viewing the zip code map on the City of Santa Fe's web site.

http://www.santafenm.gov/DocumentView.aspx?DID=1445

87507 also includes a great deal of Santa Fe's affordable communities and neighborhoods like Tierra Contenta. The bulk of homes for under $300K are going to be found in 87507. That is why there are so many for sale because this price range makes up a large segment of the Santa Fe population.

There are 18 homes for sale in Pueblos del Sol right now, 2 of them are pending. That seems like alot until you compare it to some other neighborhoods. Eldorado for example currently has 47 homes on the market and Las Campanas has 81!

Pueblos del Sol has some very nice custom built homes, I have previewed many of them. If you would like to schedule a tour of the neighborhood, let me know.
Web Reference:  http://briantercero.com
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