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The Santa Fe Life Blog will is a place to keep informed of the comings and goings of all things Santa Fe.

Flat Fee Full Service Liting

We have just launched a FULL Service Flat Fee Listing. This program allows you to sell ANY Property at ANY price for just $3,000. This program will save anyone who is selling a property greater than $100,000 money. Learn more about this innovative listing program by visiting

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New Listing - Albuquerque Estate

I have just listed an Immaculate Gated North Valley Estate on Two Manicured Acres. The grounds feature a Salt Water Pool, Multiple Fountains, a Fish Pond, a Cedar Ofuro Hot Tub, and Horse Pasture with Running Corral. The Main Residence has Three Bedrooms, Four Wood Burning Fireplaces, a Kitchen with Alder Cabinets, Granite Counters and Top of the line Appliances (Sub-Zero, Thermador, etc). The Separate Guest Casita is complete with Two Bedrooms, a Kitchenette, and a Bath. An Exceptional Property.

List Price: $1,695,000

Address: 4320 Rio Grande Boulevard Northwest, Los Ranchos de Albuquerque NM 87107

Virtual Tour:

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New Flat Fee MLS Service for Albuquerque

My company, Hardy & Co., has just launched a new service in Albuquerque called The service allows those home owners who wish to sell their home on their own the ability to have the property posted in the MLS so that the property will show up on searches done by real estate agents and brokers. This added exposure can add a real boost to a seller's marketing efforts.

So how much can it save a seller of real estate? Well, the average sales price of a Albuquerque home was $232,626 in 2008. The majority of sellers pay 6% of the sales price to agents involved in the transaction, or $13,958. Using, you would only pay $395 if you sell your home yourself, saving $13,563. If a buyer's broker brings you a buyer you will pay our fee plus that brokers commission (typically 3%), still saving $6,583.

Savings if you sell your Home Yourself: $13,563
Savings if a Buyer's Broker Brings you a Buyer: $6,583

If you are interested in learning more about the program, please visit at the site you will find all the details of the Albuquerque Flat Fee MLS program as well as an interactive ccalculator that will figure your own personal savings. The service can be purchased directly from the site, and you home can be up and running on the MLS in as little as one day!

If you decide you need some additional assistance at any time during the sales process, help is available. If you need help, you will still find that The Albuquerque Flat Fee MLS is still much less expensive than full service real estate brokerage. When you ask for help, you will get help with:
  • negotiating offers
  • handling contingencies
  • seeing you through the closing process

For this professional assistance from a licensed real estate broker, you pay only $750 at the time you decide you need help and 1% of the sales price, at closing. Still much less than a full fare brokerage.

Be on the lookout for the service becoming available in markets throughout New Mexico over the next few months.

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October 2008 Home Sales Report for Albuquerque

The Greater Albuquerque Association of Realtors has made its Home Sales Report available for the month of October, 2008.

The report shows that the Albuquerque Area continues to see market conditions that favor home Buyers. Listing inventory remains close to 6,000 listings. This is approximatly where it has been for most of the year.

In October 1,411 new detached residential listings hit the market. This is down 6% from last month, following a similar trend for the last 3 years. 1,086 homes Closed. This is down from last month, but the decrease is not unusual given the time of year.

Pending Sales in Albuquerque are virtually unchanged from last October, going from 406 to 402. Pending Sales in Rio Rancho went up 2% from last year at this time.

The median price for detached homes has gone up since last month. The highest increase was in condo and townhome sales with an 18% increase in the Median Sales Price from last month.

Sellers can expect to sell their single-family homes in approximatly 72 days and condos/townhomes typically sell within 53 days. The days on market for home sales in October went down from last month.

The full report is available HERE.

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Analysts are Still Betting that Santa Fe and Albuquerque Homes won't Decline

Analysts from the PMI Group, the company that provides private mortgage insurance, have issued its the Spring 2008 Risk Index. According to the findings, analysts are betting that prices in both Santa Fe and Albuquerque have a less than 1% chance of being lower two years from now.

At the same time, PMI says that 13 of the nation's top housing markets have more than a 60 percent likelihood of home price declines.

The cities with the biggest price risks are in California, Florida, Nevada and Arizona, and in most cases are already experiencing sharp home price declines.

"Excess supply is responsible for much of the risk we're seeing in the market," David W. Berson, PMI's chief economist and strategist, said in Thursday's report.

"The excess supply of housing in the United States is 9.2 months for existing homes (the 20-year average has been six) and 9.8 months for new homes (the 20-year average has been 5.5), which will continue to depress prices."

Additionally, the report stated that in the 4th Quarter of 2007 Home Values GREW by 4.07% in Santa Fe. This compares to an increase of 9.32% in Q4 2006, a difference of 4.34. In Albuquerque, home values grew by 4.66% in Q4 2007 compared to an increase of 14.45% in Q4 2006.

So, How risky is the Housing Market? The following information shows the markets with the most and least risk of a home price decline, based on price appreciation, economic growth and affordability according to PMI Group's spring risk index. An index of 100 means there is a 100 percent chance of home prices falling in the next two years. This list is represents the top 50 metro areas in the US. A full list with 381 markets can be found here:

Riverside, Calif 93
Las Vegas 91
Orlando 85
Ft. Lauderdale 84
Phoenix 84
Fort Worth Less than 1
Pittsburgh Less than 1
Dallas Less than 1
Houston Less than 1
Indianapolis Less than 1

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Amazing Listing in Bernalillo: $1,545,000

Today, I visited my partners home in Bernalillo, the home is one of the most amazing properties that I have ever had the pleasure to experience. The home is listed for $1,545,000. Please take a moment to view the property HERE. If you have any interest at all in this home please call me for a personal tour.

Steve Hardy

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Day at Albuquerque Zoo

We spent the day at the Albuquerque Zoo. It was cool (about 43 degrees) but you can feel that spring is right around the corner. I'm sure that we will have one or two additional snow storms, but I think most New Mexicans are ready for the warmer weather. It's been a cold snowy winter which has been great for the ski areas and will be a blessing this summer, as it will bring strong run off, less fires, and beauty in the mountains.

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Steve Hardy
Cell: 505.670.5604
Direct Fax: 866.466.4019
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