The Santa Fe High-End Market for 2006
Page 3

Section Three:
Market Reports – 1990 through 2006

  I could only easily take this statistical study back to 1990 by using MLS data.  I submit that if you had the data back to 1978 when I started, the pattern would remain the same in terms of market penetration of the top portion of the price range for homes offered in Santa Fe.

Notes
   These figures were taken from a study of MLS sales and are subject to the accuracy of the data.  While there may be some small statistical or collation errors, the trend is obvious and the general trend is all I was looking for.  Most sales take place through MLS and it is a valid pool.
  The figures MLS quotes for days-on-the-market and for percentage-of-asking-price-realized-at-sale can be seen as approximately off by, respectively, 100% and 300%.  Separately, in another report, I can explain why they are off, but suffice it to say I think the MLS provided figures are very misleading unless you look at them with an understanding of how they were collected and how they are edited by MLS.  I used MLS statistics, but corrected them to reflect what I know goes on, but which goings on are not reported in a fashion that is accurately reflective of the true market.
  Just as the world lately has learned that many stock analysts are really sales people, please consider that sales people in Santa Fe are not analysts, notwithstanding a handful of exceptions.

3.1 The High End Market from $750,000 to $999,999

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To download a .pdf version of Mike Baker’s High End Market Report please click here.
I am happy to compile custom reports if you email me or call 505.690.1051