Need a REALTOR® for your

Santa Fe area investment property?

OutofTownLandLord connects you with Santa Fe's very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Santa Fe area market below.

Ginny Cerrella, REALTOR®

Santa Fe Investment Specialist

State: New Mexico

Counties: Santa Fe, Rio Arriba, Bernalillo, Taos

Cities and Towns: Santa Fe, Eldorado, Glorieta, Pecos, Tesuque, Nambe, Espanola, Pojoaque, Cochiti, Los Alamos, Abiquiu, Albuquerque, Rio Rancho, Corrales, Taos

Real Estate Experience: 17 years

Company: Santa Fe Properties

About Ginny Cerrella

Born and bred in The Big Apple, Ginny Cerrella graduated from NYU and moved to Hollywood where she earned her living as a successful writer/producer. Trustworthy, dependable, precise and thorough, Ginny prides herself on her organizational skills... "Ask me once and you'll never have to ask me again."

A resident of New Mexico for twenty plus years, Ginny is proficient in foreclosures, short sales and knowledgeable in the process of 1031 Exchange and the purchase of investment properties, having invested in every aspect of Real Estate for over thirty years. Ginny works with buyers and sellers in all price ranges of land, residential, and commercial real estate. As a licensed CCID (Interior Designer), she is qualified to assist clients in every phase of home design from inception through the building process.

Ginny has designed and built her own homes, being a licensed contractor in the State of California, and is extremely conversant in the art of renovation pertaining to Mid-Century, Modern and Historic properties. She is on The Governor's Council of Film and Media and both the Founders Circle and Executive Board of the Santa Fe Film Festival. A Founding Faculty Member of The College of Santa Fe's Girls' Film School, she taught the art of screenplay writing to young women who aspire to work in Hollywood.

About the Santa Fe Market

Market Overview

Of all the New Mexican markets, Santa Fe is the strongest as it's considered a "specialty" market. Santa Fe is a city steeped in history and culture. Real estate in the area is diverse, with properties perfectly suited to a wide range of buyers, no matter your lifestyle or budget. As the capital of New Mexico and the oldest capital city in the country, Santa Fe has a rich history and vibrant culture that still exists today. Santa Fe is well recognized as a center for the arts, third largest in sales volume in the country, and is home to historic buildings and a diverse multi-cultural community.

The rental market is brisk with a median rate of $1,775 per month making it a popular market for investors looking to achieve a good ROI.

2016 third quarter sales figures are in for the Santa Fe residential real estate market and median home sale prices have inched upwards, but sales are still sales and we enjoyed them to the tune of more than 1950 sales in the most recent complete 12 month cycle. This reflects home sales in Santa Fe city and county. The additional areas our Realtor Association serves (Los Alamos, Espanola, Pecos, etc.) includes additional sales adding about 10% to the numbers.

August's monthly residential sales total of 222 units is the most in any single month since July 2006. We averaged 233 a month for the entire year of 2005, so our August 2016 monthly average of units sold was our best month in over 10 years.

As about 75% of sales are concentrated below $500K, our average sales price has been hovering around $420K to $450K for the last 8 years.

None of this should be news to anyone paying attention. The trend lines have slowly evolved from an overheated real estate industry ten years ago (with aggressive liar loans and adjustable rates the norm) through a deep trough of pain and foreclosures to now a more stable yet still recovering market.

Santa Fe is known for the cleanest air quality in the entire US (Albuquerque ranks #4), low real estate taxes and the second city with the most sun days, the area is a mecca for outdoor enthusiasts who can not only ski in the morning, but golf in the afternoon! That's why it's known as "The City Different."

Investment Price Points in Santa Fe

Entry Level: $85,000 - $300,000

Mid Level: $300,000 - $600,000

Upper Level: $600,000 & up

Santa Fe Sample Properties

These recently settled homes are examples of what you can find in our market.

The sale prices are the actual sold prices, and the rents are what these types of homes could rent for in today’s market.

Entry Level

Sample 1Sample 2Sample 3
Town Los Alamos Santa Fe Santa Fe
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $85,000 $183,000 $300,600
Est. Taxes (Monthly) $78 $97 $166
Est. Insurance (Monthly) N/A N/A N/A
Est. HOA and/or Condo Fee (Monthly) $0 $0 $0
Est. Rent (Monthly) $750 $1,400 $2,000
Age (Years) 31 12 21
Approx. Sq.ft. 709 1,850 2,750
Bedrooms/Full Baths/Half Baths 2/1 4/1/1 3/2/1
Garage None 2 2
Lot Size 0.20 acres 0.12 acres 1.253 acres

The Santa Fe area real estate market also includes duplexes, tri-plexes, and four-plexes. Contact Ginny Cerrella for more information.

Mid Level Price Points

Sample 1Sample 2Sample 3
Town Santa Fe Eldorado Santa Fe
Type (SF, TH, Condo, Multi) Condo SF SF
Est. Sale Price $375,000 $452,400 $600,000
Est. Taxes (Monthly) $135 $244.60 $431
Est. Insurance (Monthly) N/A N/A N/A
Est. HOA and/or Condo Fee (Monthly) $382 $38.33 $40
Est. Rent (Monthly) $2,500 $3,250 $4,750
Age (Years) 21 21 31
Approx. Sq.ft. 915 2,750 3,845
Bedrooms/Full Baths/Half Baths 2/2/1 3/2 5/3/1
Garage 1 2 2
Lot Size 0.021 acres 1.759 acres 23.619 acres

The Santa Fe area real estate market also includes duplexes, tri-plexes, and four-plexes. Contact Ginny Cerrella for more information.

Upper Level Price Points

Sample 1Sample 2Sample 3
Town Santa Fe Albuquerque Santa Fe
Type (SF, TH, Condo, Multi) Condo SF SF
Est. Sale Price $787,800 $865,000 $2,891,000
Est. Taxes (Monthly) $557.50 $604.40 $1,045.75
Est. Insurance (Monthly) N/A N/A N/A
Est. HOA and/or Condo Fee (Monthly) $100 $0 $164.00
Est. Rent (Monthly) $4,200 $4,750 $15,000
Age (Years) 2 21+ 21+
Approx. Sq.ft. 1,827 5,239 7,850
Bedrooms/Full Baths/Half Baths 2/2 5/3/1 4/2/3/1
Garage 2 off street 3 3
Lot Size 0.15 acres 0.28 acres 27 acres

The Santa Fe area real estate market also includes duplexes, tri-plexes, and four-plexes. Contact Ginny Cerrella for more information.

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