The Real Estate Market in Taos, New Mexico

Taos, one of the most beautiful ski resorts in the Western United States, is located in the southernmost tip of the Sangre de Cristo Mountains in New Mexico. Today, it has some of the most sought-after real estate on the globe.

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.

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.

Taos condo prices range from $225,000 to about $260,000, and many of these are primarily vacation homes. Quite a few condos are owned by leasing companies and rented out to ski vacationers. Some residential homes for sale are priced as low as $100,000. However, depending on the size, structure and location, homes that get up into the millions of dollars are also available.

Perhaps most widely known as a ski resort, Taos draws winter vacationers who often come back yearly to ski. Many of these vacationers come back so frequently that they decide to purchase Taos Ski Valley property as vacation residences or permanent homes. Sale of land and new home construction is also a contributing factor to the local economy. However, prospective buyers should be aware of the rigorous laws in place regarding construction and property, including 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 are interested in Taos Real Estate, contact Page Sullivan Real Estate Group. Our experienced and knowledgeable real estate agents can help you find the best property for your needs and budget, whether you’re looking for a permanent residence or a vacation home. This article powered by SEO 2.0 Services