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.
Second
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: Second Quarter, 2010
Our market showed increased activity in the second quarter,
and Sellers brought more property to market as a result. Inventory
levels were up over last quarter 15% with 912 active residential
listings and up 8% with 1216 active land listings. Pending sales
are up 16% compared to last quarter with 51 residential sales.
Pending land sales remain flat at 22. Residential single family
homes sold during the second quarter increased 10% as compared
to first quarter of this year with 66 units sold. Average price
declined 2% to $266,635, and median price increased 11% to $260,000
while average days on market dropped 34% to 284.
Featured
Taos property
Real
estate industry news
U.S. Census Bureau and the Department of Commerce reported that
the nation’s homeownership rate fell to 67.1% in the first
quarter, the lowest rate since the first quarter of 2000. This
reflects the more than 4,000,000 homeowners displaced by foreclosures
and short sales, and would indicate a strong rental market on
the horizon and an excellent opportunity now for rental investments.
Second quarter mortgage rates reflect record lows according
to Michael Fratantoni, Mortgage Bankers Association’s
vice president of research and economics, with 30 year fixed
rates at 4.67, 15 year fixed rates at 4.06 and five year ARMs
as low as 3.76! How can you benefit from these facts? Well,
let’s assume that five years ago you bought a home and
created a loan for $250,000. Your mortgage payments are $1,580.17
per month for a 30-year mortgage with a rate of 6 1/2%. Your
current balance is $234,027 which you will be paying on for
the next 25 years. Today, you could put that $234,027 perhaps
towards a bigger home, refinance at 4%, and end up with a 15
year mortgage that would cost you $1,731.07 per month (only
about $151 per month more than you are now paying). By doing
this you will take ten years off your mortgage, and you will
be able to pay off your mortgage by the time you are ready to
retire. NAR predicts a net 1 million additional jobs in the
second half of this year and another 2 million in 2011. NAR
reports that pending home sales have risen for three consecutive
months, reflecting the broad impact of the home buyer tax credit
and favorable housing affordability conditions. In short, there’s
never been a better time to buy Taos.
Taos
special events
Taos Plaza Live continues
with live music concerts every Thursday evening 6:00-8:00pm
on the Plaza. July 4th celebrations will take place around the
Enchanted Circle with special events planned at Taos
Ski Valley. Eight Northern Nations Arts and Crafts takes
place July 17-18. Cumbres
and Toltec Scenic Railroad runs all summer. Music
From Angel Fire celebrates its 26th season August 20-September
5th. Taos Pueblo celebrates San Geronimo Day September 30. Find
all local events at the Taos
County Chamber of Commerce.
Taos
in the news
Once again, The
New York Times just recognized Taos Ski Valley as having
rightly earned its spot in the pantheon of North America’s
most challenging ski areas, calling the ski school top notch.
Terracurve
travel site named Taos as an international destination with
a rich culture, where activities abound, claiming that sacred
places in Taos are simply everywhere and are exactly what people
are looking for today in their travels. In July USA
TODAY featured Taos as a popular second home market, calling
Taos a rich and special place offering a small-town atmosphere
with a big-city culture. We knew that!
