Santa Fe, New Mexico is located in the Southwest United States and is renowned for its elegant architectural home styles, its luxurious homes for sale, and creative arts scene. Filled with rich history and culture, Santa Fe is home to world-class experiences and real estate set in the beautiful outdoors and landscape of the American Southwest.
See how the Santa Fe luxury market is performing
Sales of Homes $1-$2mil
Sales of Homes $2mil +
Supply of homes priced at $1mil and above
Total Sales of Luxury Homes ($1mil +)
2021 demonstrated to be a perfect storm for the high-end housing market in Santa Fe, with the pandemic's intermittent reopening fueling even stronger demand for larger homes while inventory struggled to keep up. Local buyers using vacation properties as primary residences, buyers pushing out further and wider into once-rural exurbs, and buyers seeking access to outdoor amenities drove the luxury real estate market in Santa Fe.
According to the Santa Fe MLS, sales of homes priced between $1 million and $2 million increased 62 % year over year, while sales of homes priced above $2 million increased 108 %.
Sales of luxury homes (US$1M+) totaled over $832.6 million.
The highest residential real estate sale in the Santa Fe area in 2021 was a 2,600-acre property with a last asking price of US $18 million. Despite reaching an all-time low in inventory, the 2022 market should remain strong because there is still a demand for the lifestyle that this Southwest oasis has to offer. The Santa Fe MLS reports a three to four month supply of homes priced at $1 million or more.
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