Santa Fe’s luxury second home market soars

Due to “affordable” high-end prices and culture, the New Mexico city is seeing an increase in demand and a shortage of housing options BY BILL CARYORIGINALLY PUBLISHED ON MAY 28, 2018|MANSION GLOBAL|

Brian Weiss first got to know the Santa Fe area as a student at the University of New Mexico some 50 years ago.

“I fell in love with all that is New Mexico and the Southwest—the mix of cultures, the archeological sites, the food, the physical beauty of the place,” said Mr. Weiss, 71, a medical and science writer.

Over the years, he and his wife, a psychotherapist, took frequent vacations to Santa Fe from their home in Pasadena, California. Last year they decided it was finally time to buy a second home in Santa Fe, and in January they closed on a deal to buy a 4,400-square-foot house in the gated Santa Fe community of La Campanas for $1.225 million.

The Weisses exemplify a growing trend that has pushed Santa Fe to the very top of the global second-home market, according to a recent report from Christie’s International Real Estate, which delves into the global luxury real estate market in 2017.

See the complete article here