Taos County Association of Realtor's (TCAR) posted the following statement, based on a 3-6 month snapshot of our real estate market:
Comparing the first 3 to 6 months of 2017 to 2016, the 3-month Local Real Estate Market Stats Snapshot report shows continued stability in activity and sales in most local markets, with level to moderate increases, or even significant increases in some areas. This is probably due to several circumstances; the end of a contentious election cycle and moving into a “stable” political climate for the next 3-4 years; home prices beginning to show appreciation again as we climb out of past recessive market conditions; and mortgage interest rates beginning to climb inciting buyers to take action now while rates, though rising, are still very attractive. As we enter the primary sales season for our local markets of mid spring through mid to late fall it is anticipated that the market will continue to show growth and improvement from previous years.
As we progress through the active summer selling season, the 6-month Local Real Estate Market Stats Snapshot report shows significantly increases in home sales in the Taos and Angel Fire markets for single family detached homes and for vacant land parcels. Demand for condominiums remains rather stagnant with sales about the same as the in the same period of 2016. As we continue through the primary sales season for our local markets of mid spring through mid to late fall it is anticipated that the market will continue to show growth with sales outperforming last year’s sales.
TCAR serves all of Taos County, including our primary markets of Taos, Angel Fire, Taos Ski Valley and Red River. For more information about TCAR, visit their website at http://TaosCountyAssociationofRealtors.com/.