Eco Real Estate Systems and Mariposa Realty of Taos, New Mexico is your source for Taos and Northern New Mexico real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Taos with my New Listings Notification. 

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in New Mexico, please contact me as I'm more than willing to help. 

Please browse my website for listings, reports and important local real estate information. Also, use the link section for additional Taos area listings at Mariposa Realty of Taos. 

Sincerely,

Richard F. Hanlen
Mariposa Realty of Taos

It’s a new year, and a new decade for real estate.

2010! Doesn’t it just sound more prosperous, and full of potential?

I wanted to share some trends we are seeing from the end of 2009, going forward. The total dollar volume for the State of New Mexico was $855,318,265 in the 3^rd Quarter of 2009, as compared to $963,823,568 in the 3^rd Quarter of 2008, which is down 12%. Comparatively, TaosCounty showed total dollar volume of $23,535,407 in the 3^rd Quarter of 2009, compared to $17,988,510, down 10%. Interestingly enough, the median home price in TaosCounty went up in the 3^rd Quarter, from $287,500 in 2008 to $305,000 in 2009. It is one of only a few counties which showed an increase in the median price, with such counties as Bernalillo and Santa Fe, as well as the statewide numbers, all showing a drop in the median price.

In addition, from November 1, 2009 through January 9, 2010, there have been a total of 117 sales in Taos and surrounding counties, which includes both land and home sales. This is definitely an improvement over sales from earlier in 2009, and shows an encouraging trend for 2010. Additionally, “days on the market” and available inventory are both declining. While it is still most definitely a buyers market, inventory is moving.

Jay Czar, Executive Director of the New Mexico Mortgage Finance Authority, offers the following thoughts on the New Mexico real estate market during 2010.

“Spring time home sales will be bolstered by the extension and expansion of federal home buyer tax credit programs. Entry and mid-level home inventories will decline, spurring new construction by early summer. Home prices will stabilize and begin to slowly rise in value during the third quarter. Low prices and low mortgage interest rates will continue to draw home buyers to the market. Mortgage rates will increase to the 6 percent level by the end of the summer and will hold steady through the end of the year. 2010 will begin the transition to housing market normalcy.”

I fully intend to approach this year in real estate, as well as all areas of my life, with a sense of optimism. Won’t you let me bring your dream into reality, whether it be selling your present home and purchasing another, or purchasing a second home or land in New Mexico – truly the land of enchantment! I look forward to the opportunity to be of service to you with all of your real estate needs.