As
a member of Leading Real Estate
Companies of the World, High Country
Real Estate Services is focused on meeting your Taos real estate
objectives, offering turnkey Taos
relocation services, global networking through RELO
Home Search and membership in MLS associations
from Taos and Santa Fe to Grand Junction, CO. You can search
featured Taos properties,
all Taos real estate and all
Santa Fe real estate MLS listings or discover
Taos and Taos resources
on our site. Our multi-lingual REALTORS®
hold appraiser and multi-state licenses, and they sell Taos
real estate twice as fast as the average Taos County REALTOR!
Whether you’re buying or selling Taos property, we can
help you cover the windows,
design, stage,
landscape and manage
it for you. Discover what our clients realize. Real
estate remarkable.
Fourth
quarter Taos real estate trends and Taos news!
Every quarter we update this information with
current Taos real estate market data, featured Taos real estate
listings, industry news, special events in Taos, and noteworthy
Taos news. You’ll be able to track our Taos real estate
market and see how the Taos community is making news, or plan
your Taos visits around special events with the use of our Taos
area maps. Feel free to contact
us with any questions.
Taos real estate market data: Fourth
Quarter, 2009
There has never been a better time to buy real
estate with federal tax credits, historic low mortgage rates,
and sellers willing to negotiate! First time home owners’
$8,000 federal tax credit is available for properties under
contract by April 30, 2010 with closings by July 1, 2010, and
existing homeowners may qualify for a $6,500 tax credit effective
the same period of time. Year end inventory levels were down
9% with 778 active residential listings and down 13% with 1059
active land listings over third quarter. Only 41 residential
and 11 land listings are currently under contract. Site built
single family homes sold during the fourth quarter declined
10% as compared to third quarter of this year. Average price
declined 5% to $311,600, and median price declined 7% to $270,000;
however, average days on market declined 10% to 266. Number
of sales during the fourth quarter rose 22%, average price remained
stable with a 0.5% decrease, median price rose 8%, and average
days on market declined 15% over last year’s fourth quarter.
Featured Taos property
Experience in-town living at its finest in this well-appointed
Sueños de la Loma condominium. Located in La Loma
district within walking distance to Taos Plaza, this 2008 home
was built for today with yesterday’s character.
Positioned in a quiet, established neighborhood this spacious
pueblo style house with a contemporary twist is designed for
the way you want to live.
Real estate industry news
Economic forecasters predict that 2010 will be the first year
since 2005 for housing to contribute to the growth of the U.S.
economy, according to a survey released by the National Association
for Business Economics.
Home prices are expected to rise 2 percent this year. More than
80% of economists surveyed by the NABE think the recession is
over and recovery has begun. The Pending Home Sales Index, a
forward-looking indicator based on contracts signed in September
2009, rose 6.1% to 110.1 from a reading of 103.8 in August,
and is 21.2% higher than September 2008 when it stood at 90.9%.
The gain from a year ago is the largest annual increase on record,
and the index is at the highest level since December 2006 when
it was 112.8. Because of fear of a relapse, the Federal Reserve
is predicted to leave interest rates low for a few more months.
For young buyers, this is an historic time to purchase, with
tremendous upside potential for amazing gains while investing
when prices and mortgage rates are low. In short, according
to Business
Weekly, if you don’t buy a house now you’re
either stupid or broke!
Taos special events
The 24th annual Taos
Winter Wine Festival runs January 20-25th with seminars
and dinners hosted by the Town of Taos and Village of Taos Ski
Valley. Taos Ski Valley features
ongoing events on the mountain with snow reports and event calendars.
Taos Shortz Film Fest is February 5-7, and the annual Home and
Garden Expo is scheduled for March 27th. Find all local events
at the Taos
County Chamber of Commerce.
Taos in the news
Thanks,
Outside Magazine and Away.com
for naming Taos, NM as one of the top ski resort destinations
in North America! Additionally, Taos Ski Valley has the best
in the state when it comes to ski patrollers and instructors,
according to New Mexico’s association of ski resorts,
Ski New Mexico. The
New York Times featured Taos Ski Valley as one of the most
challenging ski resorts in North America.
