The Real Estate Market in Taos, New Mexico
Taos, New Mexico features some of the most desirable real estate anywhere. A beautiful ski resort town located in the southernmost tip of the Sangre de Cristo Mountains, it is one of the more popular winter vacation destination in the Western United States.
Taos is not just a ski resort — it is an art colony with a rich history and remarkable architecture. For more than a century, writers and painters like D.H. Lawrence and Georgia O’Keefe have made their homes here, finding inspiration in the mountains. Its unique architecture includes centuries-old buildings constructed of adobe clay. Taos is also home to modern buildings made of alternative materials called “Earthships.” These unusual houses are self-sufficient and very environmentally friendly. These facts and more make Taos real estate for both vacation homes and permanent residences quite desirable in 2010.
New Mexico real estate prices have historically been among the lowest in the nation. However, people began moving into the state in greater numbers over the last couple of decades, and this has resulted in significant price increases and increased rates of appreciation. Over the last 15 years, Taos real estate prices have increased steadily.
Taos real estate is incredibly varied, including both permanent residences and vacation rentals. Everything from condos and homes to even some of the historic adobe homes are listed for sale. In addition to the historic value of these unique homes, they are also quite 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’ reputation as a premiere ski resort draws a great number of winter visitors yearly, many of whom come back year after year. Some of these visitors grow to love the city and decide to purchase Taos Ski Valley property either as vacation residences or permanent homes. The local economy continues to benefit from land sales and construction of new homes. Those who are considering the purchase of real estate in this region should be aware of the laws regarding construction and property, including rigorous subdivision regulations, issues dealing with access, road easements, wells and septic systems.
Because of the uniqueness of the real estate market in Taos, it is particularly important to work with an experienced real estate agent or broker who has the expertise and knowledge to guide you through the important and complex issues involved in the purchase of property in this desirable New Mexico town.
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