The real estate market has decidely slowed here in beautiful, unique Taos, New Mexico. I ran comps on sales today and was surprised at the low number building sites that have closed since January of this year. With most of the speculation builders on hold I would expect this but would still think there were investors taking advantage of the slow market. What a great time to buy here and there is a lot of choice right now because the inventory of homes is high!
As I sit in my office at the main intersection in town I can watch the tourists wander around and stop to read our listings posted out front as they drink their coffee from World Cup Coffee next door. The tourists seem to be here--the intersection and foot traffic is certainly high. So if you haven't checked out our lovely community here in Northern New Mexico I invite you to come! The air is clear, the people are interesting and our architecture is unique. And attention all artists--the light is incredible here!