From FoxBusiness.com…
While Santa Fe, New Mexico, has long been a draw for tourists due to its climate, outdoor activities, history and art culture, more and more people are choosing to put down roots in the destination as homebuyers continue to flock to the oldest capital city in the nation.
Santa Fe was first settled by indigenous people, and their influence on its architecture remains evident today as indicated by the prevalent adobe style seen in both public buildings and homes. The area offers multiple national monuments, federal and state parks, and hiking trails around the city of roughly 85,000.
According to data from the New Mexico Association of Realtors, the median listing price of homes in Santa Fe County in July was $487,000 – the highest in the state. That’s a 22.2% year-over-year increase, and the number dwarfs the July median price of $272,000 in Bernalillo County, where the 900,000+ population of metropolis Albuquerque is located.
“Santa Fe County is like nowhere else in New Mexico,” said Tom Banner of Paramount Title in Santa Fe, which services several counties in the state. He explained, “People from around the world visit Santa Fe and decide to buy property. With limited supply in the local housing market, high demand for housing causes big spikes in sales price.”
Here’s what you can get in Santa Fe with a budget of $900,000.
