2017 Mid-Year Real Estate Market Report for Angel Fire New Mexico

As a Real Estate leader in Angel Fire, New Mexico, Chisum Realty Group, a Keller Williams Company is working hard to understand our ever-changing Angel Fire Real Estate market. We’ll provide you with the most accurate and timely information on bi-annual basis. Let’s see how the first half of 2017 is a stacking up against previous years.

ANGEL FIRE HOMES

*Active inventory as of June 30th, 2017

As we assess the first half of 2017 we see an additional 34% increase over this time last year (a record breaking year) in the number of homes sold. With our feeder markets still experiencing a thriving economy, an influx of Buyers are taking advantage of what is still a Buyer’s market in Angel Fire.

Surprisingly, we’ve seen significant activity year-to-date in home sales under $500K, resulting in a 100% increase in home sales compared to the same time frame last year. In comparison, 2016 experienced the exact opposite with a significant increase (91%) in home sales over $500K and a moderate increase (31%) in homes under $500K.

Is this a natural settling pattern that will balance out over time; or is this a result of greater economic patterns? Right now, it’s too early to tell but the affordability of Angel Fire is bringing new homeowners which is good for all price ranges and the sustainability of our market. Interestingly, 62% of the over $500K homes sales in 2016 occurred in the 2nd half of the year, so we’ll be anxiously watching to see what the 2nd half of 2017 brings. Finally, this time last year Angel Fire had a 301 homes on the market compared to the current 192.  The decrease in inventory and days-on-market are moving us towards a balanced market.

ANGEL FIRE CONDOS

*Active inventory as of June 30th, 2017

The Angel Fire condo market continues to pace along with 2016 with a slight increase in the over $90K price range.  Inventory continues to decrease as well as days on market with a 48% decline in first half of 2017. These are all signs of a positive market change for Angel Fire Condos. You’ll notice that the active condo listings have a higher days on market due to a handful of stagnant inventory left over from prior years.

For details about how this data affects your purchasing or selling goals, please call the Chisum Group at 575-613-1810.

Related Links:

• 2016 Year End Real Estate Market Report
• About Chisum Realty Group
• Angel Fire Homes for Sale
• Angel Fire Condos for Sale

All data is provided by TCAR MLS.