The Taos Real Estate Market is Heating Up
Just checked the real estate hot sheet and there are quite a few interesting developments. First there are many listings that are being reduced 15% of the list price. The properties that have been reduced have gone under contract in a few days from the price correction. This news is great for buyers and sellers. The buyers are getting a great deal and the sellers are moving their properties. It appears the the market is getting hot and the under contract signs are popping up everywhere. In recent listing appointments I approach the sellers with this scenario-would you rather refuse 3 offers on your house in the first days of the listing or let the property sit on the market for months and reduce it to where the offers might have been. Note for sellers list your property in the lower range and get more offers sooner and some times get multiple offers rather than list it in the higher range and have to wait for offers or have to reduce the price and loose valuable marketing time.
Just a few of my observations on the market in Taos.
Be well and as always if you are reading this then you are the real estate turn around.
chaz