e-newsletter:  Spring 2009

YOUR PERSONAL TAOS CONNECTION

Taos, New Mexico

#1 Real Estate Company in the Taos Area

Featured Listings

        Ski & Fish!


Taos Ski Valley Chalet
      
      
                   Town lots
               with utilities 

Great land listings town with utilities or large parcels off grid call for information. Build Green!

Market Trends

Unless you have had your head in the sand, you are aware of interest rates still being very low, inventories have corrected with good pricing and sellers who want to sell.  The news is squeaking through into a few articles that will support the argument that this might be the best time in recent history to buy.

What Will it Take for the Market to Rebound in 2009? RISMedia 4/9/09:  Fact:  NAR projected a 1.4% growth in existing home sales in 2008 (5.18million).  NAR has estimated in 2009 existing homes sales at 5.91 , which will represent a sizeable growth over 2008.  Rebound means getting back to the sales levels and home values experienced just a few years agoimplies simply returning to sales volumes and prices more in line with historical norms and growth patterns.  (See chart below of Taos single family average sales trend)   The Case for Buying a Home Right Now.  WSJ.com 4/8/09:  Low interest rates and very flexible prices make this a good time to be a buyer.  If you can borrow at 4.5% or 5% over 30 years, many purchases start to look appealing.  Especially if we get a hefty dose of inflation down the line. A recent analysis in the Financial Analysts Journal (When Will Housing Recover?) suggested prices nationwide still werent cheap by historical standards in relation to household incomes.  Homes were cheap in the 70s.  Furthermore: the bigger the bubble, the bigger the bust.  There are plenty of deals taking place far below the official average levels.   5 Reasons to Buy Your Vacation Home Now RISMedia 4/4/09:  A few years ago when prices were escalating rapidly, people were kicking themselves for not having bought earlier when real estate was far more reasonablewell, in 2012 or so, people will look back on 2009 as another missed opportunity.  The long-term underlying demand is favorable for vacation homes because of the large number of middle-age, middle income Americans (who are the primary buyers of such properties).  this market has been driven by the Baby Boomers, but there are two even larger population groups coming up right behind them.

 

Whats New at Prudential Taos Real Estate?

The graphs below mark a gradual and steady climb through 2003.  The spiked increases lead to the market height in 2007.  Today we see a 24% decrease since the height in 2007, and 18% decrease since 2008.  Our prices have settled back to 2004-2005 prices.  This is not a bad scenerio since real estate has normally been a long term investment in the Taos market.  As you can see with the line drawn from 1996 2009 prices, we are now back on track to a healthy, steady growth.

email for chart lizjamis@newmex.com

 

What Will it Take for the Market to Rebound in 2009? RISMedia 4/9/09:  Fact:  NAR projected a 1.4% growth in existing home sales in 2008 (5.18million).  NAR has estimated in 2009 existing homes sales at 5.91 , which will represent a sizeable growth over 2008.  Rebound means getting back to the sales levels and home values experienced just a few years agoimplies simply returning to sales volumes and prices more in line with historical norms and growth patterns.  (See chart below of Taos single family average sales trend)

The Case for Buying a Home Right Now.  WSJ.com 4/8/09:  Low interest rates and very flexible prices make this a good time to be a buyer.  If you can borrow at 4.5% or 5% over 30 years, many purchases start to look appealing.  Especially if we get a hefty dose of inflation down the line. A recent analysis in the Financial Analysts Journal (When Will Housing Recover?) suggested prices nationwide still werent cheap by historical standards in relation to household incomes.  Homes were cheap in the 70s.  Furthermore: the bigger the bubble, the bigger the bust. 

There are plenty of deals taking place far below the official average levels.                                              

Do business with the real estate professionals who are

STILL doing the business.

LOCAL NEWS

Spring has sprung.  Wait 5 minutes and the weather will probably change.  The ski areas have closed with the best year in a decade in skier days.  Taos Ski Valley enjoyed 6 of puffy powder the last day along with pond skimming for the brave.  Sipapu Ski Area a week later also enjoyed a 6 of powder, free tickets and home made food.what a hoot.  Winter was a good one, yeah for spring.

Just for funthe Summer of Love is the theme for Taos 40^th year celebration of Easy Rider being filmed in Taos and the 75^th anniversary of the incorporation of the Town of Taos.  Check out the website for schedules and happenings www.TaosSummerofLove.com. Events like Hopper at the Harwood and weekend giveaways are being planned. 

Information

Taos Multiple Listing Service:

(MLS) from our website, www.PrudentialTaosRealEstate.com enabling you to experience one-stop shopping and total view of all properties currently listed in Taos and its surrounding areas.

My website:

www.PrudentialTaosRealEstate.com is updated on a daily basis bringing you the real estate offered by Prudential Taos Real Estate "up, front and personal". Virtual tours of many of our properties are all on the site.  Residential, land, commercial and investment properties are all featured.

Real Estate Guide: 

Published twice a year, featuring all current Prudential listings in a magazine format.  Perfect as a reference guide including a calendar of events for the upcoming season and trends affecting the real estate market.  This guide can be seen at: www.PrudentialTaosRealEstate.com as well as this newsletter.

Prudential Taos Real Estate is the leader in Taos real estate to provide RealBiz360 virtual tours of residential and commercial listings.  These property videos are posted on our website,  www.PrudentialTaosRealEstate.com,  and www.realtor.com.  New tours are added on a regular basis and new listings are added daily, so check the website often to see whats new! Please come and visit us soon! Call us toll free:  1-800-530-8899.

What is GREEN?  Solar energy, passive & active, recycled materials, off- the grid, sustainable.  It is about being friendly with your environment and being pro-active in thinking about the future.  All of us can help to sustain our environment.  It is available and affordable.  Rain catchment systems taking gray water to your garden & trees, tram walls capturing heat with southern exposure windows, vent & heat mass, alternative/recycle building materials such as tires, pumice, rastra block & strawbale, all are adaptable means of being energy efficient. 

Look for our green logo throughout our publications and websites.  It will take you one step closer to economic, ecologic and sustainable living. 

All the Beautiful Properties are at One Address: www.PrudentialTaosRealEstate.com

 

Prudential Taos Real Estate

o        314A Paseo del Pueblo Norte, Taos, NM 87571

o        Phone 575-758-1924

o        Fax 575-758-4833

o        Toll free 1-800-530-8899

o        lizjamis@newmex.com

         www.PrudentialTaosRealEstate.com

         www.realtor.com

       www.skitaos.org

       www.taosvacationguide.com

e-newsletter:  Winter 2009 

YOUR PERSONAL TAOS CONNECTION

Taos, New Mexico

#1 Real Estate Company in the Taos Area

Featured Listing

Market Trends

Do you want the good news or the bad news?  The bad news is nothing new. Sales are down.  Buyers are timid.  Sellers are waiting.  Its the great stand-off. 

It is our job to educate you, the public, that real estate is still happening, loans are still available, interest rates are low.  There is value in Taos real estate today. 

Good news is that our residential average sales are holding:  single family homes sold for an average of 2% from 2007 @ $387,300, condos sold for an average of +3% @ $288,311.  If you are familiar with the Taos real estate market, long term investments have been successful.  With an average sales price of $290,520 in 2004 for a single family home, your investment has done well.  Check out the attached charts to see how well your money does in Taos.

PS:  Can you qualify for 30 year fixed rates at or below 5% or 15 year rates around 4.6%?  Need to talk?

Whats New at Prudential Taos Real Estate?

In spite of the challenging market, Prudential Taos Real Estate stands alone in doing business where others have not. 

Do business with the real estate professionals who are

STILL doing the business.

LOCAL NEWS

Construction Costs Handbook for Taos for 2009 2010 has just come off the presses.  Vishu is calling this his lean and green edition:  lean because of the economy creating a deep correction in the housing market,  green because it continues to be a dominant trend in homebuilding especially in the Taos market.  With supplies still expensive, housing prices having dropped, green is logical in efficiency and intelligence.  The use of energy and materials is, by nature lean. 

Taos Ski Valley is ranked among the Top 10 Ski Destinations on TripAdvisor.com.  Top notch skiing areas include Vail, Whistler, Aspen, Sun Valley, Park City.  Taos Ski Valley is keeping very good company!  With snowboarding now a part of the slopes, a more versatile group of skiers and their families will be attracted to our slopes.

Taos Center for the Arts has been committed to providing diverse programs in the performing and visual arts for nearly 50 years.  The Community Auditorium Construction Project is underway and will enjoy the Grand Re-Opening in March with the Taos High School Drama Department performing their annual production.  Come one, come all to see the facelift our precious facility has had. 

Information

Taos Multiple Listing Service:

(MLS) from our website, www.PrudentialTaosRealEstate.com enabling you to experience one-stop shopping and total view of all properties currently listed in Taos and its surrounding areas.

My website:

www.PrudentialTaosRealEstate.com is updated on a daily basis bringing you the real estate offered by Prudential Taos Real Estate "up, front and personal". Virtual tours of many of our properties are all on the site.  Residential, land, commercial and investment properties are all featured.

Real Estate Guide: 

Published twice a year, featuring all current Prudential listings in a magazine format.  Perfect as a reference guide including a calendar of events for the upcoming season and trends affecting the real estate market.  This guide can be seen at: www.PrudentialTaosRealEstate.com as well as this newsletter.

Prudential Taos Real Estate is the leader in Taos real estate to provide RealBiz360 virtual tours of residential and commercial listings.  These property videos are posted on our website,  www.PrudentialTaosRealEstate.com,  and www.realtor.com.  New tours are added on a regular basis and new listings are added daily, so check the website often to see whats new!   Please come and siT call us soon! Call us toll free:  1-800-530-8899.

What is GREEN?  Solar energy, passive & active, recycled materials, off- the grid, sustainable.  It is about being friendly with your environment and being pro-active in thinking about the future.  All of us can help to sustain our environment.  It is available and affordable.  Rain catchment systems taking gray water to your garden & trees, tram walls capturing heat with southern exposure windows, vent & heat mass, alternative/recycle building materials such as tires, pumice, rastra block & strawbale, all are adaptable means of being energy efficient. 

Look for our green logo throughout our publications and websites.  It will take you one step closer to economic, ecologic and sustainable living. 

All the Beautiful Properties are at One Address: www.PrudentialTaosRealEstate.com

 

Prudential Taos Real Estate

o        314A Paseo del Pueblo Norte, Taos, NM 87571

o        Phone 575-758-1924

o        Fax 575-758-4833

o        Toll free 1-800-530-8899

o        lizjamis@newmex.com

         www.PrudentialTaosRealEstate.com

         www.realtor.com                                                        

       www.skitaos.org