The Ranches of Sonterra is one of the primary subdivisions, in the Ruidoso area for those who are looking for a nice home on acreage. The minimum lot size in this subdivision is 5 acres and horses are allowed. The terrain is rolling hills, great views and a beautiful river valley. For more background information on Ranches of Sonterra, see updates at the Ruidoso Blog.
Twenty three homes are currently listed, and many of these have had price reductions of 10% to 20% over the last several months. Current listings range in price from $225,000 to $979,000. The average list price is $608,419, and the median is $585,000. The average price per square foot is $195 and the median is $203. The median days on the market for these listings 169 days.
Given these factors, and the current real estate market, buyers will likely find excellent value in one of Lincoln County’s most popular subdivisions.
In my opinion, one of the best values in Ranches of Sonterra at this time is a brand new 2750 square foot, single level, southwestern style home on 5 acres that is priced at just $187 per square foot ($499,000 list price). This home features radiant floor heating, stamped concrete floors, 2 stacked rock fire places, 3 bdrms, 2 baths, plus an office. Click here to view more information on this property I’ll be posting future updates on market conditions in Ranches of Sonterra, along with other areas, so check back often.
If you would like to receive a list of all properties for sale in Ranches of Sontera, please contact me, or email email@example.com or call or text me at 575-937-5229.