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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 Albuquerque, NM. 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
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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, 2011
Our
market showed increased land activity in the fourth quarter.
Residential inventory levels declined over last quarter 24%
with 747 active residential listings while land inventory declined
with 1005 active land listings. Pending sales are down 200%
compared to last quarter with 21 residential sales. Pending
land sales are up 70% with 23 currently under contract. Residential
single family homes sold during the fourth quarter increased
12% as compared to third quarter with 66 units sold. Average
single family residence price increased 27% to $356,993, and
median price increased 10% to $280,000 while average days on
market increased 35% to 342. .
Featured
Taos property
Real
estate industry news
Barclays Capital predicts a housing recovery
buoyed by improving job numbers and the fact that prices for
non-distressed homes have stabilized without government support
for nearly a year; the most important trend in the housing industry
right now. Fannie Mae’s November National Housing Survey
also sees a rise in consumer sentiment in November, as improved
economic data pushed home price expectations into positive territory,
for the first time in six months. National Association of REALTORS®
reports that the inventory of homes for sale is getting smaller,
an indication that the glut of foreclosed properties which was
artificially distorting inventories and prices is being absorbed
by the market, and that pending home sales rose 10.4% in October,
remaining above year-ago levels. Freddie Mac sold a record 80,000
single-family REO homes in the first nine months of 2011, and
the homes are selling for an average of 94 percent of market
value, predominately to owner occupants. Freddie is selling
more homes than they are taking in through foreclosure, in an
average 120 days on market. The Wall Street Journal points out
that, in 1991 a $1,700 mortgage payment allowed a borrower to
take out a $200,000 mortgage, whereas today the home owner taking
advantage of current low rates can get a $350,000 loan for that
same mortgage payment amount, demonstrating the historic low
cost and housing affordability available to today’s Buyer.
RISMedia has reported statistics pointing to an industry turnaround,
including a 15 percent rise in housing starts in September;
a surge in builder confidence in October, an increase in mortgage
applications and a slew of regional market improvements across
the country.
Taos
special events
The 26th annual Taos
Winter Wine Festival runs January 25-28th 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 available online. Find all local
events at the Taos
County Chamber of Commerce.
Taos
in the news
Oprah
included Taos as one of the world’s best places to escape
the holidays. New
York Times featured Taos as one of six Christmas traditions
from around the world. Vancouver’s
Times Colonist recently called Taos a “Destination
of the Soul.” Yahoo listed Taos in Smarter Travel’s
10 Great Mountain Towns world wide. Boston
Globe declared Taos a launching pad for day trips, claiming
it has not lost its allure. US
Bank awarded nearly $500K to New Mexico non-profits, including
Taos Habitat for Humanity. Sister City Albuquerque was featured
in the New
York Times 36 Hours in Albuquerque, declaring that New Mexico’s
biggest city has come into its own in recent years. USA
Today named El Santuario Chimayo on the High Road to Taos
as the Lourdes of America. Newsweek
named Taos Ski Valley as one of the world’s 5 Incredible
Ski Spots, and MSNBC
noted that Taos Ski Valley experienced a stellar start to the
ski season claiming one of the best openings in years. Sweet!
