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$4M home sale marks Santa Fe’s highest this year

November 9, 2013 • State News

SANTA FE, N.M. (AP) — Brian Tercero grew up in a home built by his father on family property in the historic Village of Agua Fria, a long way from Santa Fe’s pricey east-side neighborhoods.

But Tercero, an agent at Keller Williams Realty, was one of the real estate agents involved in the highest-priced residential property sale so far in 2013 — a $4 million, 5,200-square-foot home at 1260 Upper Canyon Road.

Tercero represented the buyers, who lived outside the United States and shopped for properties with him over the Internet. The listing agent for the home was Paige Maxwell of Sotheby’s International Real Estate, who said the sale was also her biggest ever and a sign that the luxury market in Santa Fe is healthy.

“We’ve had an abundance of inventory in that market, but starting in October, the luxury market has really seen an increase in sales and showings,” she said.

Tercero agreed, saying the all-cash sale was watched by other agents and builders as an indication that homes on the historic east side are still appealing.

“There are a lot of prominent high-end builders watching this deal. It will impact the market significantly,” Tercero said.

With more than 8,000 Twitter followers and a knack for Internet marketing, Tercero said the sale means much more to him: that a Santa Fe local can deliver high-end buyers and Login to read more

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