Living in Santa Fe Blog

Navigating a High-Interest World

We’re diving into some choppy waters today – the world of high interest rates, especially paired with the uptick in home prices over the past three years. Sounds daunting, right? Fear not! We at Barker Realty are here to guide you through the twists and turns and help you navigate the challenges like a seasoned pro.

Challenge 1: Affordability ????

High interest rates make borrowing more expensive, and when coupled with the surge in home prices, finding an affordable dream home might feel like an uphill battle.

What You Can Do: Pre-approval for a mortgage gives you a clear picture of what you can afford. Shopping around for the best rates and considering a longer-term fixed-rate mortgage might…

714 Views, 0 Comments

Beware of Land Fraud

It’s no secret land is becoming more scarce and the allure of land ownership can be a powerful one, offering a sense of security and potential for future investment. However, in today’s world, where digital communication and remote transactions have become the norm, it’s essential to be aware of the potential scams that unscrupulous individuals can use to exploit landowners, especially those who own land free and clear. Whether you’re a landowner or a realtor, understanding these scams and taking preventive measures can help safeguard your interests.

According to Kyle Klain, co-leader of Barker Realty, “The most common scam we’re seeing is someone pretending to own a property and initiate a sale. This…

1548 Views, 0 Comments

Here to Stay

The Word On The Street Is That Big Changes Are Coming At Barker Realty … And That Is True, It’s Not What You Think

David, I hear you have an exciting announcement?

David: I do! I recently transitioned the management of Barker Realty to Kyle Klain and Gabrielle Vigil. While they have been managing the company for the most part for nearly a decade, this makes it official. By taking away the day-to-day distractions of the business, I’ll be focused on what I enjoy best — working with our brokers and clients on their transactions, plus coaching and mentoring our brokers to enhance their success in the business. Barker Realty is not for sale, I am not retiring, and I am very excited about what lies…

610 Views, 0 Comments

2023 Q2 Market Report

Earlier this year all signs pointed to a significant slowdown, especially after multiple record setting years in 2021 and 2022. Yet somehow the second quarter of 2023 came back with a roar and we’re now seeing a similar scenario across the board: near record high prices, multiple offers, and still plenty of cash purchases. Where we differ is which part of the market is the strongest? The comparatively slower middle segment of the price range suggests that the interest rates are indeed having a large impact, especially for those who would typically move up market. Leaving a lower interest rate behind in search of a nicer home is a real debate being had within many households.

Across the country the story can be much different depending on your…

651 Views, 0 Comments

2023 Q1 Market Report

Spring is here and just like the flowers sprouting from the ground, new listings have begun to steadily emerge in our market. Year over year we have experienced a substantial increase in inventory and prices have dropped some since their peak in the summer of ‘22. Sellers should not be concerned, however – we’re still seeing multiple offer situations and well-priced homes that are not testing the market are moving at a healthy pace. For buyers, there are more options available and sellers are finally back at the negotiation table. While interest rates may be a hurdle, there are clever options available via savvy lenders. Do your research and your time will be well spent.

As we head into the busy season we expect to see more listings, increased…

766 Views, 0 Comments

“Show the Love” to Española Humane in our March Community Drive

There’s a lot of mouths to feed and pets to keep comfortable — last year they found homes for nearly 4,000 cats and dogs! We hope to raise as much dog and cat food, treats, toys, pet beds, towels, blankets, and supplies as possible. The need is great — drop off your donations to our office in the Railyard, just south of Tomasitas. All the dogs and cats will be thrilled when we make our big delivery!

When: All of March! Stop by our office during business hours

Where: Our office in the Santa Fe Railyard, 530 S. Guadalupe Street

Why: Because we all love our animal companions and want to see them thrive

#espanolahumane #communitymatters #communityfirst #santafe #thecitydifferent…

615 Views, 0 Comments

2022 Q4 Market Report

We think it’s safe to say the frenzy of the pandemic real estate boom has come to an end, but many things will remain changed long into the future. Buyer expectations have changed as have sellers–cash is king and being creative with offers and negotiations is now standard practice. Santa Fe has an elevated allure on the national psyche and we continue to see strong demand for well-priced homes as new construction begins to provide some much-needed inventory to our depleted market. While sales and prices are down across the board, they have fallen from a peak we all knew was unsustainable and we’re returning to a healthier, balanced market for 2023.

Despite the national headlines, we feel that 2023 will…

538 Views, 0 Comments

2022 Q4 Market Report

We think it’s safe to say the frenzy of the pandemic real estate boom has come to an end, but many things will remain changed long into the future. Buyer expectations have changed as have sellers–cash is king and being creative with offers and negotiations is now standard practice. Santa Fe has an elevated allure on the national psyche and we continue to see strong demand for well-priced homes as new construction begins to provide some much-needed inventory to our depleted market. While sales and prices are down across the board, they have fallen from a peak we all knew was unsustainable and we’re returning to a healthier, balanced market for 2023.

Despite the national headlines, we feel that 2023 will start a little slow and pick up pace…

650 Views, 0 Comments

Railyard Spotlight: Sky Coffee Co.

When you’re wandering through the Railyard and an enticing aroma of delicious coffee envelops you, head over to Sky Coffee for your fix! Their coffees are brewed from only single-origin beans from the best roasters in the country. Don’t worry if you’re not a coffee fan, they brew organic artisan teas with the same care that they give their coffee. And while you’re at it, indulge in a sweet or savory pastry from Opuntia Cafe.

A place for thinking, working, relaxing, and even contented boredom, Sky Coffee sits like a fishbowl in the middle of the Railyard next to the water tower, an ideal location for my favorite pastime of watching people and the trains rolling in and out. This delightful…

851 Views, 0 Comments

Railyard Spotlight: FS2 Supply Co.

A deep love for New Mexico shines boldly with the new arrival at The Railyard — FS2 Supply Company! The moment you walk through the door, pride in being a New Mexican wells in your heart.

Eric and Kelly Griego, owners of FS2 Supply Company, have seen their family-owned and operated company grow over the past five years from a market stand in Pojoaque to a prime location in the Railyard. A prominent graphic designer in Santa Fe, Eric creates designs tapping into a deep New Mexico connection from his multi-generational family. Family is at the core of their business, with Eric’s sister Clarissa Lovato, who owns local media company Elevate Media, contributing to its success.

From hats to…

656 Views, 0 Comments