Home > Real Estate Articles > The Taos, New Mexico Real Estate Market In 2010

The Taos, New Mexico Real Estate Market In 2010

Todays Date: August 16, 2017

Located in the southernmost tip of the Sangre de Cristo Mountains, Taos, New Mexico is one of the most popular ski resorts in the Western United States. Its unique real estate is some of the most desirable to be found anywhere.

However, Taos is not merely a ski resort. Its rich history and interesting architecture further adds to the value and desirability of its property, making it easy to see why Taos real estate for both vacation and permanent homes is so popular in 2010. Some of its adobe clay buildings are centuries old. It also features the eco-friendly homes called “Earthships,” modern, self-sufficient houses that utilize alternative and recycled building materials. Moreover, Taos has been known as an important art colony for over a century. Writers and painters like D.H. Lawrence and Georgia O’Keefe have made their home here among the mountains.

While New Mexico has historically had lower real estate prices than much of the nation, an increased number of people moving into the state have caused significant price increases and appreciation rates on New Mexico homes. Real estate in Taos has enjoyed a steady appreciation over the last 15 years.

In this unique city, housing is quite varied and comes in many shapes, styles and sizes. Seasonal rentals and condos for permanent residents are available. Some of the historic adobe homes are also listed for sale. In addition to their historical value, they also are known to be highly energy efficient.

Prices on condominiums in this part of New Mexico begin at about $225,000 and top out at approximately $260,000. Many are sold as vacation properties. Many ski condos are owned by leasing companies and rented out to ski vacationers. Residential homes for sale can have prices as low as $100,000 but could run into the millions of dollars depending on the size, structure and location.

Taos is best known as a ski resort community. As such, it attracts winter visitors who come back yearly for ski trips. After a few years, many of these seasonal visitors decide to purchase Taos Ski Valley property as vacation residences or permanent homes. Land sales and construction of new homes also contributes to the economy of the area. Some considerations buyers should be aware of, prior to purchasing land in the area, include rigorous subdivision regulations, issues dealing with access, road easements, wells and septic systems.

The Taos, New Mexico real estate market is unique, with many important and complex issues that may be difficult to navigate. Thus, it is especially important to seek the guidance of a knowledgeable and professional local real estate agent or broker when buying property in this area.

If you’re interested in Taos Real Estate, the experienced real estate agents in the Page Sullivan Real Estate Group can help you find the best property for your needs, whether you’re looking for a permanent residence or a vacation home. Powered by SEO 2.0 Services

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