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Market Conditions in 87504 : Real Estate Advice

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Activity 9
Sun May 12, 2013
Joan Grossman answered:
I just sold a house that was in the middle of town but not on a sewer that is serviced by the City. The solution to this situation is that the neighbors that share the line will be forming an agreement for sharing of future maintenance or replacement. Their sewer line is sub-standard at 4" and below the City code, but at the point that it is replaced with a 5" line they can go to the City and ask for it to be adopted for City maintenance. ... more
0 votes 2 answers Share Flag
Tue Apr 30, 2013
Anna M Brocco answered:
For an accurate picture of costs contact a few local licensed experts and ask for free estimates; too many variables for guesswork...
0 votes 8 answers Share Flag
Fri Oct 5, 2012
Greatsantafe answered:
Not sure what your question is, but in the last 6 months two homes have sold on Galisteo St., 1 is currently under contract, an there are 5 for sale.
Hope this helps
0 votes 3 answers Share Flag
Fri Jun 8, 2012
Spence Ralston answered:
Hi Bart. From the SFAR home page go to the MLS Statistics tab on the left hand side of the home page. Click on "2012 - First Quarter" and you'll find all the stats through the end of March. The stats are compiled quarterly, so that's the best you can do on that site without contacting a Realtor who will be glad to give you the last full month's details.
And the fact that Trulia's info may not be complete should not be blamed on the SFAR. I'm not sure if your complaint is with the SFAR site, or Trulia or both?
... more
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Fri Mar 10, 2017
George Mazuera answered:
Somewhere around $300 to 350 psf. and up. There are a ton of variables that can push your number up. Remember that many builders left the trade over the last few years and new construction starts are down. That may give you some negotiating power but you'll have to be careful as to who you hire in Santa Fe. ... more
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Thu May 6, 2010
Spence Ralston answered:
It depends on the area within the zip code. I picked three of the most prevalent sections for your information:

Area Average List Price Average Home Size (Sq.Ft.) Avg. Cost/Sq.Ft.
Airport Road $233,162 1497 $158
Southwest $423,305 2092 $203
Southeast $866,034 2967 $294

Keep in mind that just several extremely low, or high-priced homes can skew the figures in either direction. Also, these are averages for single family homes only. I did not include condos, townhomes, etc.
... more
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Fri Sep 5, 2008
Frank O'Mahony answered:
Of course, the answer is, it depends! However, working numbers for warehouse space would be about $150 sq ft, for office space $225 psf and for retail, well the sky is the limit, but around $275.
Hope that helps. I'm working on several commercial transactions at the moment, and would be happy to give more information.
Frank O'Mahony
... more
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Thu Mar 13, 2008
Frank O'Mahony answered:
Those numbers are wrong - there were 621 home sales in the third quarter of 07. Below is a link to Santa Fe Properties' 3rd Quarter Report, with the data you need. Q4 is looking like around the same outcome at this point - drop me an email to and I'll make sure you get the Q4 report in January.
thanks for asking!
... more
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Sat Sep 25, 2010
Kurt Thomas answered:
Are you basing the number off of Trulias listings? If so it may not be %100 accurate. The only way to actually count up FSBO's and Listed homes closed would be contacting the County Assesors office. Not everything is reported through the MLS or posted on Trulia. ... more
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