Santa Fe Exclusives
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Santa Fe NM

Luxury Homes Sold Feb 2009

Area*     Type    List $     Sold $    SP% LP   SP$/SF  Days   Age  Acre

3               SF       595,000      530,000       89%       $175            237       1975    .47

3               SF       630,000      555,000       88%       $185            125         1966   1.5

3               SF       675,000      622,000       92%       $325                             New

25             SF       599,000      556,000       92%       $210            100       2003   2.5

1               SF       635,000      605,000       95%       $271              69        1984    1

1               SF       1,050,000   920,000      87%       $246            115       2006   0.5

3               SF       895,000      822,913        91%       $242            271                        2.2

25             SF      699,000       699,000     100%       $220             77        2006  2.5

25             SF     795,000        730,000       91%       $202            476        1990   2.5

25             SF      1,150,000    1,005,000    87%       $290              67        New    1.5

26             SF      1,185,000    1,080,000    91%       $308              99        2007   12

1               SF      749,636       749,636        100%                                             New

*Area 1: Santa Fe City Limits Northeast - (Santa Fe River (East Alameda Street) on the South, St. Francis Dr. on the West, City Limits North and East

Area 3: Santa Fe City Limits Southeast - Santa Fe River on the North to I-25 on the South, St. Francis Dr on the West to City Limits on the East

Area 25: Northwest of City Limits - (including but not limited to); Tano Road, Casas de San Juan, Sangre de Cristo Estates, Aldea de Santa Fe, and all subdivisions of Camino La Tierra

Area 26: Southeast of City City Limits - (including but not limited to); Cloudstone, La Vista, Coyote Mountain Rd, Double Arrow Road and east, La Barbaria, and Overlook

Note: Numbers have been provided by the Santa Fe Association of Realtors Multiple Listing Service. There are approximately 25 areas in the by the Multiple Listing Service. The above report covers only homes sold/closed in excess of $500,000.

All information herein has not been verified and is not guaranteed.

To view available luxury homes/condos/townhomes in Santa Fe, click here.

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6 Tips for Homebuyers Seeking a Mortgage

Here’s a warning for potential borrowers: Nervous lenders have tough new rules and are paperwork crazy.

“Borrowers are going to have to prove they are the borrower they say they are,” says Keith Gumbinger, vice president of HSH Associates, a mortgage-industry publisher in Pompton Plains, N.J.

Gumbinger says homebuyers should consider these things before they apply for a loan.

1. Down payments are critical. Borrowers should expect to put down at least 10 percent for a “conforming loan” – a mortgage that Fannie Mae and Freddie Mac will purchase.

2. Credit scores count. A 720 on the 850-point FICO rating scale will get a borrower access to the best rates. Rich Bira, branch manager of FCM Direct Lender in Chicago, says: “A score between 720 and 739 gets 0.125 percent added to the rate, a score between 700 and 719 gets 0.375 percent added to the rate, and a score between 680 and 699 gets 0.5 percent added to the rate.”

3. Consider VA and FHA. Borrowers without down payments or with less than stellar credit scores should consider these government-insured loans offered through the Federal Housing Administration of the Veterans Administration.

4. Unearth the records. Before applying, borrowers should organize tax, banking and other records that prove income, savings and debts. They should also expect to be patient about what may seem to be endless requests for information.

5. Get rid of debts. Limiting debts, including what borrowers expect to pay for the mortgage, to less than 43 percent of gross income is important.

Chicago Tribune, Mary Umberger

and…..6. Don’t go shopping for a new mortgage before you know exactly how much you can spend.

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SANTA FE SUMMIT (North)

A gated real estate subdivision with high end single family homes. The lots are 1+ acre; sometimes steep, as it is located in the Sangre de Cristo Mountains. Huge views to the west (Jemez Mountains-sunsets) to the Sandia Mountain range, and southwest with some city views to Los Alamos north. Beautiful sunsets.

Prices range from $1.325 - 3.3mil for homes; $390 – 419K for residential home sites. Utilities are city/public; high speed internet is available.

Directions: From the plaza, take Washington Avenue north; right on Artist Rd (which becomes Hyde Park Rd); just past Ten Thousand Waves on the left side of Hyde Park Road (the road to the Santa Fe Ski Basin). Entrance on Bent Hill.

Santa Fe Summit Home

Santa Fe Summit Home

To view available homes in the northeast area of Santa Fe, visit my web site http://www.santafeexclusives.com/ext_real-estate_luxury-home-search.asp

Select SF City Limits NE in the area field, and fill in your criteria.

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