Demand for new homes will probably always be strong here, due to the favorable climate, the availability of a slower pace of life, and the history and cultural amenities that Santa Fe has to offer. Historically speaking, the City of Santa Fe grows at about 2% annually, the county at about 4%. What is questionable is the city’s and county’s ability to find new sources of water to maintain economic sustainability amidst our current drought conditions.
Biggest source of concern for builders:
The biggest concern is water management and delivery. Building permits are directly contingent on the availability of new hookups and water sources.
Home values are going up! Buyers from around the country are realizing that Santa Fe is an ideal place to retire, or at least to have a home for two to three months a year. They’re escaping the rat race of the Silicon Valley or Chicago’s Golden Triangle to settle down here and enjoy life.
Remodeling is the wave of the future, along with high-end housing. Both continue to do exceptionally well.
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