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 Albuquerque, NM. You can search Taos,
Santa Fe and Albuquerque MLS listings, 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 real estate remarkable.
Hear what
our listing clients have to say!
Trying to understand the current real estate
market to determine whether to buy or sell property now?
Listen
to KTAO 101.9FM radio interview on the State of Real Estate!
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Click here to see how you can, too, with
TCF Housing Solutions Fund.
First
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: First Quarter, 2012
Our
market showed increased activity in the first quarter. Residential
inventory levels declined over last quarter 5% with 715 active
residential listings, while land inventory increased 4% with
1052 active land listings. Pending residential sales are up
162% compared to last quarter with 55 properties under contract.
Pending land sales are up 9% with 25 currently under contract.
Residential single family homes sold during the first quarter
declined 15% as compared to fourth quarter 2011 with 59 units
sold. Average single family home price fell 29% to $247,435,
and median price decreased 5% to $258,000 while average days
on market declined 18% to 282.
Featured
Taos property
Real
estate industry news
National
Association of REALTORS® reports that home affordability
has soared to a record high since NAR began tracking it in 1970.
Today the average family has more than double the income needed
to afford a median priced home. The average rate on a 30-year
fixed mortgage reached an all-time low of 3.87 percent in February,
according to data from Freddie Mac. Bloomberg Businessweek recently
reported that due to rising employment and record-low mortgage
rates, buyers are returning to market, and that indicators are
that housing may become a major net-contributor to the U.S.
economy for the first time since 2006. Also reported were that
housing starts are up 20%, and in 146 major metro areas asking
prices were up 3.69%, marking the first time in six years that
these numbers have gone positive. Home purchases in the U.S.
probably climbed in February to the highest level in almost
two years, another sign of stabilization in the real-estate
market according to economists. The improvement in the labor
market has contributed to the recent housing gains. Payrolls
rose in February, capping the best six-month increase since
2006, while the jobless rate held at a three-year low, according
to Labor Department figures. Given this faster than expected
growth, economists predict that the Fed will be less likely
to intervene in mortgage interest rates. Without stimulus, interest
rates for 30 year fixed mortgage are predicted to rise this
year to 4.6% or more, according to NAR chief economist Lawrence
Yun.
Taos special events
Ski
season is over and Spring has sprung! The Taos Chamber Music
Group concert series continues through May 13th. The Taos Spring
Arts Celebration takes place May 11-13 and features Taos visual,
culinary, and performing arts; film, gallery walks, receptions,
exhibitions and more in a variety of venues throughout Taos.
Taos Plaza Live begins
with live music concerts May 24th every Thursday evening 6:00-8:00pm
on the Plaza through August 30th. Taos
Solar Music Festival returns June 30th-July 1st at Kit Carson
Park with Lyle Lovett and Los Lobos! Find all local events at
the Taos County Chamber
of Commerce.
Taos
in the news
The
Historic Taos Inn joined a prestigious list of properties as
one of the Best U.S. Hotels for the Holidays as reported by
Travel
and Leisure magazine. Taos received plenty of notice in
the news this year when Taos Ski Valley was first to receive
good snow and one of the few places in the US to have a good
ski season. National
Geographic named Taos one of the top 25 ski resorts in the
world, and Newsweek
called Taos Ski Valley one of the world’s five incredible
ski spots. NBC
Today featured our ski resort as a top pick for a ski vacation,
as did the LA Times and NY Times. NBC
Today featured Taos Valverde Commons retirement co-housing
project on a piece featuring new trends in Baby Boomer retirement.
New
York Times reported on the Taos campaign celebrating remarkable
women who have contributed to the history and arts of Taos.
Forbes magazine named Taos one of the 10 prettiest towns
in American saying it has earned a reputation for one of the
country’s most captivating small towns. We knew that!
