◀︎return to newslistMedian home prices in Santa Fe and county continue ascent as sales slow

July 12, 2019 – 

“It’s a long-term and systemic problem,” said Laura Altomare, chief communications officer at Homewise, a Santa Fe homebuilder of affordable homes for people earning less than 120 percent of the area median income. “It’s never new news. It’s never a surprise to us that affordability is a serious issue in Santa Fe.”

Residential land sales in unincorporated Santa Fe County soared 46.9 percent in the second quarter, particularly in the southwest quadrant, including the N.M. 14 corridor to Madrid and the area between Santa Fe Regional Airport and Interstate 25. The Association of Realtors recorded 72 properties sold, while 49 properties sold the prior spring.