Just a quick update on land in the Ruidoso area, shows over 70 properties priced under $20,000. Most of these listings are under one half acre in size, on buildable slopes with trees, and with utilities nearby.
Listings inside the Village of Ruidoso account for over 30 of these lots, in areas such as Camelot, Ponderosa Heights, and Forest Heights. Many of the remaining lots will be located just north of Ruidoso, towards Capitan and other outlying areas. Currently, there are 17 lots in the Alto Lakes subdivisions of High Mesa and Deer Park Valley in the under $20K range. The Alto Lakes listings will usually include a non golf membership to Alto Lakes Golf & CC.
View land and lots for Sale – Ruidoso area, under $20K click here
To search for land based on price or area – click here.
If you would like to receive a daily or weekly email update, showing new properties listed for sale or price changes to older listings, please let me know your criteria such as price range, size, and area. Email mary@ruidoso-homes.com or call or text me at 575-937-5229.
There is a lot of conversation these days about the new market reality. In 2006, home sales were easier, loans were no problem, and home values went up each year. I know, this is not “Breaking News”, but there are lessons to be learned, especially for agents, home sellers and owners. The following article, “Dry Your Eyes and Lower the Price”, from the New York Times Real Estate section, shows how it sometimes “pays”…. to lower the price.
A quick look at Alto Village, shows over 100 properties on the market, including both site built homes, and condo / town homes. In the last 30 days there have been numerous price reductions of 10-20% or more. There have been 12 new listings added during that time and several new listings added within the last week. Near the end of this article is a link showing all active listings for the Alto Lakes Golf & CC area ( sorted by price, low to high, click on photo for property details )
One of the newest listings in Alto Lakes is a southwestern style home on High Mesa Dr. View the photos below, click on any photo to view more details on this 2007 Santa Fe style home:
If you would like to receive a weekly email update of new listings, or price changes, in Alto Lakes Golf & Country Club, please contact me, or email mary@ruidoso-homes.com or call or text me at 575-937-5229.
View Current Homes for Sale – Alto Lakes Golf & County Club click here
I often get inquiries about business listings, so I thought I would give a summary of what is currently on the market in and around Ruidoso. A general search, shows 96 properties available. The chart below shows type of business and number of active listings in that category:
Some property types may be counted in more than one category, if it can show multiple uses. For example cabin operations might be listed as both multi-family income, and as a cabin operation. The “other” category, showing 28 properties, will include miscellaneous types, such as bed & breakfast, light industrial, recreational, etc.
The link below will show the current listings, priced from lowest to highest. Click on property photo for full details.
View Current Business / Commercial Properties for Sale – Ruidoso & surrounding area click here
If you would like to receive a daily or weekly email update, showing new properties listed for sale or price changes to older listings, please contact me. Let me know your criteria such as price range, type of business, and area. Email mary@ruidoso-homes.com or call or text me at 575-937-5229.
Here is a brief update on the condo market in Ruidoso.
Current listings on the market: 102
Median list price: $199,500
Median price per sq. ft.: $145
There are some good buys, in every price range, especially the under $150K price range. The Golf Course condo featured below overlooks the Links Golf Course, on White Mountain Dr. It one of several available in the Whispering Bluff Condo complex. To view all current condo / town home listings in the area, visit this link.
The Ruidoso News reported yesterday that current legislative efforts in Santa Fe, to help Ruidoso Downs Race Track with “tax parity” is essentially “dead” as currently written. State lawmakers are in no mood to grant tax concessions to race tracks and casinos – given the $600 million budget gap the state is facing.
It appears that [...]
Ski Apache was covered with 23 inches of new snow over the last four days, after a winter storm hammered California, then traveled east over Arizona and New Mexico. Snow conditions at Ski Apache are the best in several years, as their season total is at 112 inches, with 100 percent of the mountain open, [...]
Looking at the 2009 sales data for Ruidoso real estate, a downward yearly trend continues for overall volume, when compared to the prior 3 years. The 2009 total dollar volume of $55.6 mil., was down from 2008, at $64.6 mil. 2006 and 2007 came in at $86.7 mil. and $79.3 mil. respectively.
Cabins for sale in Ruidoso, make up about one third of the homes for sale in the site-built category.
Currently, there are about 273 active site built home listings. Of that amount, 102 are classified as cabins. The price range that is selling the most, and was most active in the last quarter of 2009, is [...]
“The drop in mortgage interest rates and home prices mean the buying power of a typical family has never been better,” he explains. “If you have a good job and long-term plans, it’s unlikely that you’ll find a much better time to buy a home. This is especially true for first-time buyers who can qualify for an $8,000 tax credit this year, have a great selection of homes to choose from, and are in a favorable negotiating position.”
“If you’re a potential buyer who’s been sitting on the fence waiting for a sign that now is the time to act, this is it,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “Some of the most favorable buying conditions in a lifetime are now in place, and they are drawing more consumers back to the market.”
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“This is a very encouraging sign that we are at or near the bottom of the current housing depression,” said NAHB Chief Economist David Crowe. “With the prime home buying season now underway, builders report that more buyers are responding to the pull of much-improved affordability measures, including low home prices, extremely favorable mortgage rates and the introduction of the $8,000 first-time home buyer tax credit.”
Just a quick update on land in the Ruidoso area, shows over 70 properties priced under $20,000. Most of these listings are under one half acre in size, on buildable slopes with trees, and with utilities nearby.
