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30 Year Fixed Conventional          4.750%           1+0                5.012%              

30 Year Fixed FHA                      5.000%           1+0                5.632%                                  

30 Year Fixed MFA                     5.600%           1+1                6.273%

30 Year Fixed Jumbo                   5.750%           1+0                5.903%                                                     

15 Year Fixed Conventional         4.500%           1+0                4.907%

15 Year Fixed Jumbo                   5.625%           1+0                5.814%

5/1 Arm Conventional                  4.125%           1+0                4.276%

5/1 Arm Interest Only                   4.375%           1+0                4.483%

5/1 Arm Jumbo                            5.125%           1+0                5.002%

5/1 Arm Interest Only Jumbo        5.125%           1+0                4.385%

             Call Your Santa Fe Mortgage Specialist

Now that we no longer have cheap energy in America, we will have to alter our thinking about how we travel and how we live. Buying that hybrid for fuel savings may not be the real solution; your home consumes much more fuel than your car. With good planning, this consumption can be partially reversed and you can actually make money by selling your energy back to the electrical grid. This can be done through Photo-Voltaic applications that can be researched on-line or discussed locally with Randy, Claudia or Allan of Positive Energy, 505-424-1112. They have been working 12 years with the Photo-Voltaic science and have the best understanding of its application.

John Wolf’s Tracks are a regular feature on KCSantaFe.com
For more information about construction in Santa Fe or to speak with John Wolf contact him at:

Wolf Corportation

984 Acequia Madre
Santa Fe, New Mexico 87505
phone: 505.983.5511
fax: 505.983.6786
Email Wolf Corp

Wolf Corporation specializes in the construction of large (4,000 to 25,000 square foot) custom homes and specialty public buildings. We are also recognized for historic renovation, addition and remodeling work performed to the highest standards. Among our more prominent projects completed in Santa Fe are The Georgia O’Keeffe Museum, its nearby O’Keeffe Research Center, The Allene LaPides and Riva Yares Galleries, The Wheelwright Museum of the American Indian, various medical facilities and several Bed and Breakfast residences.

Santa Fe’s Historic Eastside Solds for 2008 show the average listing price at $539/sq.ft and average selling price at $493/sq.ft. with average listing price at $1.235M and average selling price at $1.1M with an average of 236 days on the market. Please keep in mind that these statistics are relating primarily to Santa Fe’s winter market which is not typically our strongest season for luxury home sales, particularly in the Eastside. Hence, I will be updating these figures on a monthly basis through September 2008 to track anticipated changes through the summer months.

NE Residential Solds Jan 2008 to June 2008

Santa Fe’s Historic Eastside Solds for 2008 show the average listing price at $539/sq.ft and average selling price at $493/sq.ft. with average listing price at $1.235M and average selling price at $1.1M with an average of 236 days on the market. Please keep in mind that these statistics are relating primarily to Santa Fe’s winter market which is not typically our strongest season for luxury home sales, particularly in the Eastside. Hence, I will be updating these figures on a monthly basis through September 2008 to track anticipated changes through the summer months.

NW of City Limits and Tesuque Sales Jan to June 2008

Now that all the troublesome real estate scenarios have been analyzed, we can begin to pick up the pieces. Granted, this has happened before, but just exactly when? The “oil bust” of the mid-1980’s had an interesting impact on Santa Fe real estate, but that was a regional event and inventory did not grow as fast as it has recently. Many are having difficulty remembering when things were so cloudy in economic terms. Property ownership as a safe haven can still be a good choice, but you must be willing to stay long enough to truly realize the gains that are possible. Home ownership has long term rewards that are both financial and non-financial, making it difficult to remove the emotion when buying and selling. The point would be to move deliberately rather than find you are in need of a quick fix with a stressful sale.

Santa Fe’s Historic Eastside Solds for 2008 show the average listing price at $539/sq.ft and average selling price at $493/sq.ft. with average listing price at $1.235M and average selling price at $1.1M with an average of 236 days on the market. Please keep in mind that these statistics are relating primarily to Santa Fe’s winter market which is not typically our strongest season for luxury home sales, particularly in the Eastside. Hence, I will be updating these figures on a monthly basis through September 2008 to track anticipated changes through the summer months.

Eastside Residential Solds Jan 2008 to June 2008