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Market Highlights
The stats reflecting activity during the third quarter of 2017 are in and what is revealed is positive news on almost every front.
- The average selling price for residential properties rose by nearly 8%, the median selling price increased by 5%, and the number of units sold increased by nearly 10% when compared to the third quarter of 2016.
- Robust rates of activity occurred in the $500,000 to $750,000 price bands, the $750,000 to $1M price bands, the $1M to $2M price bands, as well as the $2M+ price bands. In fact, the $2M price band has more than doubled over one year ago.
- Overall days on market decreased to 118 days, down from 143 days in the third quarter of 2016, a 17% decline.
Compliments of Adrienne DeGuere & Vanessa Rios y Valles
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Sotheby's International Realty
318 Grant Avenue
Santa Fe, NM 87501
+1 505-310-8053
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© 2024 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.
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