Welcome to our sixth episode of The Knowledge Broker by Chisum Realty Group. In this episode, we’ll be discussing how the Real Estate market in Angel Fire, Taos and Red River, New Mexico is performing at the end of the summer, 2018. Is you have any questions about this topic or have suggestions for future topics, please comment below. Thanks for watching!
Here is your quick end-of-summer update for real estate in the Enchanted Circle of New Mexico!
Angel Fire Real Estate
The Angel Fire real estate market has been very active. Year-over-year we’re seeing a 22 percent increase in home sales combined with a 30 percent decrease in days on market. Angel Fire is
experiencing a balanced market led by the under $400,000 price points where we are seeing closer list to sale prices and even some multiple offer situations.
Taos Real Estate
Taos is also experiencing a balanced market. We’ve seen a slight decrease in home sales this year over last but not due to lack of buyer demand. With the right price and especially a great location in Taos, homes are moving very fast. Average days on market is 130.
Red River Real Estate
And Red River. Not much to report here. It’s been very consistent no changes from last year. We’re seeing similar days on market, similar values and similar supply and demand.
So there’s your end of summer market update. Keep an eye out for our detailed market analysis coming out in January. If you have questions between now and then, give us a shout!