charming well maintained and showed like a dream JUST

charming, well-maintained and showed like a dream. JUST SOLD... Completely Charming Townhome 331 Cheryl ... Listed for $213,000, this townhome was clean, home on the canyon in North Mesa has tremendous views and was updated throughout. JUST SOLD... Updated Canyon Home 1157 San Ildefonso ... Listed for $649,000, this beautiful MarketTrends July 2007 A View of Los Alamos Real Estate Trends from Sam Kendricks Direct: (505) 920-7629 Office: (505) 662-6789 samkendricks@remax.net www.samkendricks.com Visit My Blog! atomiccityrealestate.blogspot.com our buyers and their lifestyle and we helped them get the home for a great price and closed it quickly. JUST BOUGHT... A Perfect Fit 2453 35th Street ... This home proved to be a perfect fit for Summer Sales Sizzle for Buyers Los Alamos real estate activity in the first half of 2007 was quiet compared to the recent past. Rumors of a possible reduction in force at LANL have subsided yet the budget uncertainty continues. Potential buyers continue to wait for more confidence in their future at the laboratory before committing to a real estate purchase. Those buyers who are in the market are very selective, price conscious and value/ feature focused. Figure 1 shows the number of homes sold in January through June from 2000 to 2007. The 111 homes sold in the first six months of 2007 is the lowest in the past seven years. The number of sales is down about 33% from the 2000-2006 average. The median time on market for these homes was 100 days. Figure 2 shows the median price during for the first six months of 2007 compared to the annual median prices of 2000 through 2006. The year-to-date 2007 median value of $305,000 is essentially unchanged from the 2006 figure of $305,500. The annual median price increase from 2000 to 2006 was 5.3% per year. Even though there has been little recent price appreciation, the historical record shows a steady return on real estate investment. Currently there are about 260 homes available for sale. The median time on market for these homes is about 80 days. Note that the median list price of $317,000 is higher than the median sold price of $305,000. This suggests that homes currently listed for sale may be somewhat overpriced. With buyers in short supply and an over-supply of homes for sale, sellers have the choice of “going to the market” or “waiting for the market to come to them”. Recent trends in the number of price reductions indicate that sellers are increasingly willing to reduce prices to get their homes sold. It is a particularly good time to be a buyer and the summer market is in full swing. Buyers will find several homes to choose from in almost every market segment. And, it’s worth noting that in the first half of 2007, RE/MAX of Los Alamos was involved in over 50% of all sales in the area. 200 180 160 Homes Sold 140 120 100 80 60 40 20 0 00 Homes Sold Los Alamos County, Jan-Jun, 2000-2007 prepared for sale from day one, this beautiful home in the upper part of North Community had an offer within 48 hours and closed in less than 6 weeks. JUST SOLD... Gorgeous Pueblo-Style Home 3610 Arizona ... Listed for $475,000 Being priced right and at “the end of the road” went pending w/in 60 days (very quickly for Jemez properties). The owner priced it well and staged it well. JUST SOLD... in the Jemez Mtns. 82 Feldspar Ct ... This cabin on 7.4 acres 01 02 03 04 05 06 07 January through June of Year Indicated 108 Central Park Square Los Alamos, NM 87544 Office: (505) 662-6789 Fax: (505) 662-4755 Direct: (505) 920-7629 Email: samkendricks@remax.net Figure 1. Homes sold in Los Alamos county in January through June from 2000 to 2007. Sam Kendricks RE/MAX of Los Alamos 108 Central Park Square Los Alamos, NM 87544 Return Service Requested Median Sold Price Los Alamos County, 2000-2007 350 300 Median Sold Price (K$) 250 200 150 100 50 0 00 01 02 03 Year 04 05 06 07 Figure 2. Median price of homes sold in Los Alamos county during the first six months of 2007 compared to the annual median prices of 2000 through 2006.* * Data & Figures Source: RE/MAX of Los Alamos’s “Inside the Market” and the Santa Fe Association of REALTORS® MLS. RE/MAX of Los Alamos, the Association nor its MLS guarantees its accuracy. Data may not reflect all real estate activity in the market. This document is for informational purposes only and is not a solicitation. one "MarketTrends" may not be reprinted or published without the express permission of the author. PRICE Listing 1) 3202 Woodland MLS#702982 REDUC ED! P RICE Listing 4) 4156 Ridgeway Drive MLS#702455 MLS#702242 REDUCE D! P RICE Listing 6) 707 Jeffrey MLS# 702606 REDUCE D! Listing 2) 114 Andanada MLS#704184 Listing 3) 2466-A 46th Street Listing 5) 3 Karen Circle MLS#703943 Thank You! The answer is, YES, and more than you might think. What is of concern to many people is the number of homes for sale, which is high compared to historical levels. The key is that buyers now have choices. They can take their time, look for a near perfect fit, and have more negotiating room. Historically, inventory was so low that buyers would have to many times take what they could get. Over the last 2 to 3 months, we have sold almost as many homes as have been listed during the same period. We just don’t have enough new buyers to help clear out a large part of the inventory. Ultimately, this may be the best opportunity for buyers in a very long time. Interest rates are still very competitive and there are some great bargains out there right now. Featured Listing 4) 4156 Ridgeway ... $659,000 BRAND NEW & CUSTOM BUILT HOME: Spectacular views and lots of natural light found throughout this 3882 sqft, 4 bdrm, 3.5 bath home…sunroom, main level office, gourmet-style kitchen, wraparound deck, immense master wing, and a nice-sized lower level. atomiccityrealestate.blogspot.com Visit My Blog! C A L E N D A R AROUND THE COUNTY July 20, Aug 3, 17, 24, Sept 7: Summer Outdoor Concert Series Featured Listing 1) 3202 Woodland ... $325,000 UPDATED & EXPANDED THROUGHOUT: Just about everything has been updated in this 3 bdrm, 2 bath, 1678 sqft home. Features include an updated kitchen, expanded main living area, expanded master suite, two updated full bathrooms, a one-car garage, a fully finished, attached storage room, and low-water xeriscaping. Featured Listing 5) 3 Karen Circle ... JUST REDUCED to $356,500! BEAUTIFUL & SPACIOUS ON QUIET CUL-DE-SAC: This home is a great value and is in move-in condition! There is 2034 total sqft, 4 bdrms, 1.75 baths, an oversized kitchen, finished two-car garage, utility room, formal dining and a bedroom that’s been converted into an office with gorgeous finishing. Large master suite. July 21, Aug 4, 25, Sept 8, 28, 29: Bike & Hike at the Ski Hill, 10 am-3 pm ??? Do you have a question for me? Please call 920-7629 or email me your question at samkendricks@remax.net and I'd be happy to help any way I can. Featured Listing 2) 114 Andanada ... $549,900 5144 TOTAL SQFT, MOST ON MAIN LEVEL: This 5 bdrm, 3.5 bath home sits on a nearly 3/4-acre sized lot. It’s all here: rec. room, 2 dining areas, library, 2 sunrooms, updated kitchen, laundry room, media room, wine cellar and a lavishly expansive master suite! Featured Listing 6) 707 Jeffrey ... WOW! Reduced to $339,000! AWESOME WHITE ROCK LOCATION: In very good condition at the end of a quiet cul-de-sac street. There are 4 bedrooms, 2.25 baths PLUS a home office, totaling 2019 sqft. You’ll love the large, covered patio, landscaped yards, and attached two-car garage. Aug 8-10: Los Alamos Festival, Fair and Rodeo Aug 11: Arts & Crafts Fair, Fuller Lodge, 9 am-5 pm Aug 15: LA Public Schools--First Day of School Aug 18: Los Alamos Triathlon, 7 am Aug 19: Kid’s Los Alamos Triathlon, 1 pm-4 pm Sept 3: Labor Day (No School) Sept 28: Los Alamos Chamber of Commerce Golf Tournament, 8 am shotgun Sept 28-29: 50th Anniversary Celebration of Pajarito Mountain Ski Area two ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ? Seller, Ask Sam: “Are homes really selling?” It is hard to believe that as of August 11 of this year, Shay and I will have lived in Los Alamos for 10 years. It seems like just yesterday that we drove 1100 miles in 20+ hours and pulled up to Chapel Apartments at 3:30 a.m.. Shay and I have been very blessed since arriving in Los Alamos. I love working in Real Estate and helping people on a daily basis and the same goes for Shay in her law practice. The bottom line is that we could not have done it without the help of countless friends and clients that have shown a great deal of trust in us. We look forward to having many more fulfilling years in Los Alamos and look forward to seeing you soon. CONTEMPORARY CONDO BUILT IN 2003: There is lots of space in this 3 bdrm, 3 bath condo with large, open and bright living areas throughout its 2,344 total sqft. Great finishing touches, ample storage, a mother-in-law quarters and four decks with nice views. www.samkendricks.com For more photos & info. on the above listings, please visit ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Featured Listing 3) 2466-A 46th Street ... New Price! $314,000 three