Santa Fe, New Mexico, real estate experts are reporting that the market is changing.
"We had seen an approximate 25 percent slowdown in sales comparing summer 2005 to 2006 (total sales were down 12 percent for the year), but prices are holding," reports one local expert.
And while January 2007 saw sales prices range widely -- the average price reported for last year was still 11 percent higher than 2005, with the average sales price near $485,278.
"Santa Fe is a diverse city with a wide variety of options for the home or land buyer or investor: New family or empty-nester homes in the southwest start in the high- 200K's, while a "move-in-condition" modest house "in town" can rarely be found under $400K."
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