CHRISTOPHER WEBSTER REPORTS (CWREP) was established in 1982 to provide a sophisticated and thorough analysis of the Santa Fe real estate market allowing Chris Webster and his clients to utilize the gathered intelligence wisely to facilitate making the most intelligent real estate decisions whether buying or selling. A data bank of relevant information pertaining to sold property in Santa Fe beginning in 1977 was and continues to be compiled, stored, and analyzed. Formatted in three chapters – Residential, Commercial, and Vacant Land – and previously produced and published twice each year, the report now digitally continues perpetually providing colored bar and pie graphs and charts to provide the most precise analytical overview of the Santa Fe real estate market. Information is taken from the Santa Fe Association of Realtors and its Multiple Listing Service, MetroStudy and Dodge Reports on commercial activity, and City, County, and State bureaucratic offices and agencies, and public records.
To follow are a few of the most recent Residential Listings (SUPPLY) and Sales (DEMAND) graphs overviewing the most recent years along with previous market activity and information. The trailing 15-year high end residential review shows sales for Million Dollar Plus Homes continuing to advance during the last 7-8 years after recovering from the bottom of the trough between 2009 – 2013 as a result of the Recession of 2008. Homes priced at $2M and more show renewed sales strength and accomplishment the past four years (2017 – 2020). As a result of the COVID-19 pandemic, inventory of listings is a fraction of its former supply today, and multiple offers and bidding wars over asking price have become much more frequent and commonplace. 2020 upper end sales volume is notable as higher prices are continuing to be the norm evidenced by 1st Quarter 2021 statistics.