Santa Fe has been on the upswing of demand for several years. In all honesty, for several decades. It started with the artist movement in the early 1900s (and the incomparable Georgia O’Keefe) and has generally continued since excepting the occasional downturn.
People often ask about home prices in Santa Fe. I have to admit, it is an expensive area for New Mexico. However, compared to other parts of the country it is affordable.
The median home prices in Santa Fe are currently $560,000. I have attached a chart to show the shift over the last few years in an article from the Santa Fe New Mexican.
While Santa Fe is pricey, by New Mexican standards, I think it is well worth it. It is a beautiful city, has the best weather, (perhaps…