News

Santa Fe Las Campanas Market Update

QUOTE OF THE WEEK… “A day without laughter is a day wasted.” –Charlie Chaplin, English comic actor, filmmaker and composer

INFO THAT HITS US WHERE WE LIVE … Whether or not there was any laughter at the Fed, last Wednesday looked like a day wasted there, as they had their meeting, didn’t touch rates and didn’t have Chair Janet Yellen hold a presser to elaborate on anything. This left the pundits speculating over a Fed policy statement that said to expect rates to remain historically low “for some time.” Still, most economists think a December rate hike is a certainty. However, the Fed’s latest statement did downgrade its view of household spending from “growing strongly” to “rising modestly.” And one member who voted for a rate hike in September now voted against it.

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Sold Homes November 2016

Back to Market Reports >> Sold Homes Las Campanas November 2016 Address List price Sell price %L/S Sell date DOM/CDOM SqFt $/Sqft LotSz  81 W. Calle Ventoso – Lot 852  $729,000**  $726,000  99.59%  11/17/16  118  3902  $186.06  2.680  9 Madrona Circle – Lot 436  $960,000  $915,000  95.31%  11/18/16  200  3595  $254.52  1.727  47 Via Pampa – Lot … Read more

Pending Homes November 2016

Back to Market Reports >> Pending Homes Las Campanas November 2016 Address List$ Date DOM SqFt $/SqFt LotSz  89 Sunflower- Lot 238  $795,000**  11/30/16  128  2798  $284.13  1.564  46 Plaza del Corazon – Lot 781  $1,050,000  11/14/16  147  3530  $297.45  0.264  8 Santo Domingo – Lot 469  $1,170,000** 11/11/16  246  5593  $209.19  1.344  7 Plaza Del … Read more

Sold Land November 2016

Back to Market Reports >> Sold Land Las Campanas November 2016 Address List price Sell price % L/S Sell date DOM/CDOM LotSz  48 Calle mi Gusto – Lot 53  $38,500**  $35,000  90.01%  11/15/16  182  1.370  4 Eagle Feather CT. L0t 36  $78,900  $61,225  77.60%  11/21/16  148  0.307  64 Sunflower – Lot 244  $88,000  $80,000  90.91% … Read more

Ski Conditioning- it’s That Time of Year!

Ski conditioning
Wednesdays 5pm
$20
10/19-12/7
Taught by sue Bachmeier
Sue directed fitness at Los Alamos labs
For 27 years.
She is now teaching and training at las campanas. Don’t miss this great class!

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October 23, 2016 Two Open Houses at Las Campanas 2-4pm

Come see two very different Club Casitas today 2-4pm! 21 Plaza del Corazon and 46 Plaza del Corazon 21 Plaza del Corazon is a two bedroom authentic adobe that overlooks the lake and the two 18th finishing holes of the Jack Nicklaus Signature Courses. Simplicity and luxury! 46 Plaza del Corazon is a 3 bedroom … Read more

Market Update Santa Fe Las Campanas For The Week of October 17, 2016

QUOTE OF THE WEEK… “Worry is like a rocking chair: it gives you something to do but never gets you anywhere.” –Erma Bombeck, American humorist

INFO THAT HITS US WHERE WE LIVE … Well, FOMC Minutes from their September meeting revealed the Fed isn’t going anywhere with rates because they’re worried about the economy. Yeah, yeah, Fed Chair Janet Yellen said, “Our decision does not reflect a lack of confidence in the economy.” But then she expanded on this by saying the Fed preferred to take a more cautious approach to see if current growth would continue. Kinda sounds like she’s worried that it won’t. Nonetheless, the minutes also showed a cadre of Fed members pushing for a rate hike, so many economists feel there’s an increased chance for one in December. Our turn to worry.

One worry that’s going away is whether Millennials will ever have a real impact on the housing market. According to Freddie Mac’s October Insight, this latest and largest generation of homebuyers will actually be key to improving the homeownership rate, which has declined for a decade.

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Market Update Santa Fe Las Campanas for the Week of Oct 10, 2016

For the week of October 10, 2016 – Vol. 14, Issue 41

QUOTE OF THE WEEK… “The future ain’t what it used to be.” –Lawrence Peter “Yogi” Berra, American professional baseball player, manager and coach

INFO THAT HITS US WHERE WE LIVE … The future certainly isn’t as upbeat as it once was, but at least housing-wise, it seems to be moving in the right direction. New data from realtor.com says that following a summer housing market that saw both high demand and rising home prices, we could experience the hottest fall sales in a decade. Their chief economist explained: “House hunters who were shut out this summer because of fierce competition could fare better this fall, with more opportunities to buy.” He adds, “pent-up demand remains substantial as buyers seek to get a home under contract while rates remain so low.”

A research firm projects the third quarter will be the best for mortgage lending since Q4 of 2007. Going forward, a blog by the National Association of Realtors (NAR) notes that sales should heat up even more next year, reaching 6 million units, up from their latest forecast of 5.8 million units for 2016. This post reported that the Mortgage Bankers Association, Fannie Mae and Freddie Mac all had similar predictions. Here’s the NAR’s explanation: “A huge wave of Generation Y-ers [aka Millennials], who have delayed home buying, are emerging into their key buying years. They are predicted to keep home and condo sales strong well into 2020, according to economists.”
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>> Review of Last Week

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