Aldea Real Estate 2012 Market Analysis –

Looking back on 2012, Aldea had 26 sold houses and 2 sold lots. That is a lot of houses sold in this community. For a housing trend forecast, sales are on the upswing for this new year.

The highest price house was listed at $759,500 and sold for $725,000 and only 2 months on the market! The lowest price house was listed at $189,000 and sold for $189,000, 11 months on the market. The longest house on the market listed at $535,000 and sold at $505,000 took just over 1 year 10 months to sell. Time on the market ranged from 1 year 10 months to as little as 2 months with an average 7.2 months time on the market. Asking price vs selling price looks to be an average of $20,515 off of asking, while 5 houses sold at the asking price.

Aldea is a very wonderful new urbanist community and has survived the housing market crash. Prices are beginning to climb, but are no where near where they were before the crash.

Aldea de Santa Fe consists of 345 acres, with 205 acres of perpetual open space, superbly located in the high-value northwest corridor of Santa Fe County, with easy access to Highway 599 (“Relief Route”), and on the north, by the highly successful, 4,700 acre golf-course development of Las Campanas. Built on a series of dramatic ridges, the Aldea Village has terrific views of the surrounding mountains. The site’s rolling hills create a splendid community, with unimpeded views of mountain ranges and long vistas with a feeling of natural open space. Each lot owner owns an undivided interest in the open space, including an open space preserve of approximately 100 acres on the Northwest side. Sidewalks and internal trails throughout Aldea link to the open space, Aldea Plaza, and the Northwest Trail System.

The Aldea Plaza is only an eight-minute drive east to the famous 17th Century Plaza and related amenities of the City of Santa Fe, and a ten-minute drive west to the new Municipal Recreation Complex, which includes 27 excellent holes of golf.

Aldea de Santa Fe (which means small village of Santa Fe) has master plan zoning for 476 dwellings units, 185,000 square feet of retail/commercial, and one institutional site. One hundred forty acres are allocated for building purposes, leaving approximately 60% of the overall property as open space.

Aldea is a New Urbanist Village, with a central civic plaza surrounded by traditional neighborhoods of multiple housing types & miles of walking trails. New Urbanism provides a unique mix of commercial properties, live/work lofts (apartments over storefronts), townhouses, patio homes, & single family homes with yards. Diverse, walkable neighborhoods surrounding a mixed-use commercial core, are what distinguishes New Urbanism from other development styles.

Although Aldea is in Santa Fe County, it is connected to the Santa Fe City water and sewer systems. (The vast majority of houses in Santa Fe County, not in Aldea, are on wells and septic tanks). The roads in Aldea are owned and maintained by the Homeowners Association. Santa Fe County Real Estate taxes are very low, and monthly Homeowners Association dues cover the maintenance of private roads, open space, parks, and a community building.

Aldea is a great place to live. Once the rest of the commercial plaza area is built, it will even be a better place to shop, eat and work. The community is ready to support businesses and is in need for a small upscale grocery store and an upscale restaurant.

Call for a tour of this exciting new urbanist community! Call Dianne at 505.603.9300 today!