TCAR 2017 vs 2016 YTD - 12-month snapshot narrative

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Closing out 2017, this 12-month local real estate market snapshot report shows single-family home sales up in all major local markets: 15.4 percent in Angel Fire, 10.3 percent in Red River, 12.4 percent in Taos, and 100 percent in Taos Ski Valley.

Condominium sales, on the other hand, only increased from 2016 in the Angel Fire market. Slight decreases in units sold were recorded in all other local markets. Land sales saw healthy increases in Angel Fire and Taos while holding steady in Red River but were down somewhat in Taos Ski Valley.

As we start the new year, activity is up in our normally slow winter months. This is likely due to fairly mild weather conditions so far this season as well as to the favorable business and job market conditions and outlook around the country. Home mortgage interest rates are still low as well, providing home buyers with an incentive to make a move and home purchase now.

The Taos County Association of Realtors serves all of Taos County and western Colfax County, including our primary markets of Taos, Angel Fire, Taos Ski Valley and Red River. For more local real estate market stats, visit the website at TaosCountyAssociationofRealtors.com. For questions, contact the TCAR office,1210 Salazar Rd, Suite H, Taos, or call (575) 758-7411.

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