Santa Fe Compound: new on market!

Newly priced at $690,000!

Delighted to have this listing of a home in Santa Fe‘s Museum Hill district (Wood Gormley school zone). Beautifully finished property, on half-acre, that feels rural although it’s minutes from Santa Fe Plaza, Trader Joes, St Vincent Hospital, Schools (public and private), Racquet Club…. Three bedrooms, including the guesthouse, which can be kept separate or easily reconnected to the main house. This is a great, comfortable, flowing home with a wonderfully lush backyard. Contact Frank O’Mahony/505.699.3985/frank@omahony.com/evolveSantaFe.com to see it now!

Posted via email from Santa Fe Life & Real Estate

Santa Fe Foreclosures surge – Santa Fe New Mexican

Santa Fe Public Library
Image via Wikipedia

Good story in the Santa Fe New Mexican about the continued growth in real estate foreclosures.  I was quoted in this article and in a radio story on KSFR, my opinion being it’s not over yet, and we have more foreclosures to come in Santa Fe County before we start seeing daylight.

Frank O’Mahony, who opened up his Evolve Real Estate Santa Fe last year — the worst in at least a decade for home sales here — has done an analysis of the market on his website. He sees inventory rising whenever sales percolate.

“There is a huge overhang of people holding back, waiting to put their homes on the market,” he said.