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Real Estate in Taos

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If you are looking for an area that is a little smaller and quieter but still full of cultural tradition and beauty, Taos may be the place for you. The area is enchanting with remarkable landscapes, museums, outdoor sporting adventures and only 9.8 residents per acre. Taos is comprised of several Spanish Villages located at an elevation of 6,950 feet.

o Market Conditions: The Taos area is also growing rapidly and has a healthy balance of buyers and sellers. Sales of residential properties were up 14% in 2005, but the dollar amount of the sales was up 38%. The average selling price of a home in Taos has jumped from $227,900 to $271,000. Condominium sales are also popular right now with an increase of average sales escalating from $159,000 to $209,000. Land sales are growing in Taos – up 11% in number of sales but up a whopping 43% in dollar sales. There is a sense of urgency among land buyers currently, as they are suspecting that all of the prime real estate will be snatched up quickly. Land, homes and condos are being purchased as investment opportunities as well as residential dwellings.

Taos may sound like an increasingly expensive place to purchase a home, but it is still very reasonable compared to other popular towns also located in the Rocky Mountains. The real estate professionals in Taos do not predict a decline in pricing and also expect the buying trend to continue as people discover the wonderful quality of life Taos has to offer.

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