Taos Real Estate Hotsheet Report – 4/13/2009

Posted by Jim Kimmons, Broker/Owner • April 13, 2009 • Printer-friendly

It's been a while, sorry. I last did a hotsheet report on March 15, so this is just shy of a month's sold activity. Here are some highlights:

Currently there are 882 homes and 1084 land parcels listed for sale in the Taos real estate MLS.
Since the last report, only 19 homes and 2 land parcel sales closed.
Average days on market for conventional financing home sales was 626, while it was between 300 and 400 for other financing methods.
There was one FHA and one VA deal, 3 "Other," and 6 conventional financing home sales, with 8 sold cash.

It appears that the tough loan market is spawning some creativity, likely more owner financing and investigation of FHA and VA. I'm pleased to see that my recent post about more cash moving to vacation homes is borne out by this report. The total dollars for cash home sales was 83% of that for purchases financed by conventional financing. I also reported on other vacation home buying trends that sellers in the Taos real estate market should find interesting. More detail, with dollar amounts by area, subscribe to the free premium content below.

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