Archive for June, 2008
Ruidoso Real Estate - Market Update June 08
June 18th, 2008 categories: Ruidoso Market Trends, Ruidoso real estate
So you may be asking…what IS the real estate market doing in Ruidoso New Mexico? If you watch the evening news it sounds like real estate around the country is cratering, but in reality, there are only a few states (California, Florida, Michigan and to some extent Arizona) that are really having issues with lower prices, high inventory and foreclosures. In most Midwestern and Western states prices and inventory are holding steady although not making great gains. Here is a recent assessment from the National Association of REALTORS
You can see in the tables below that for site-built, single family homes in the Village of Ruidoso, the numbers have not changed drastically from 2007. The number of units sold in March & April were actually up, but the number of sales in May were down a bit. Most people in the area will agree that there are not as many people visiting Ruidoso in May and June as there usually are, and most of us attribute this to $4/gallon gas, not a deficiency in our market. I am convinced however, that as temperatures in TX and AZ rise, that the cost of being miserable and paying to air condition a home in 100+ degree temperatures will lose out to cool mountain air and gas that costs more than we like to pay.
Ruidoso residential units sold - Mar 2008 - May 2008 ( site built homes only )
Ruidoso residential units sold - Mar 2007 - May 2007 ( site built homes only )
There are currently 329 single family home listed in the Village of Ruidoso. The average number of homes sold per month over the last year is 21.5. This gives us a current inventory of approximately 15.3 months if no other homes come on the market. Conditions are right if you are looking to buy in Ruidoso. Interest rates are still relatively low, and contrary to what you might hear on the news, people with good credit can still get loans for second homes and investment properties.
I hope this is helpful information, and if you would like an analysis of a specific town or neighborhood in Lincoln County, just let me know and I will be happy to provide it.
If you would like more specific information on Ruidoso Real Estate, please contact me at mary@ruidoso-homes.com.
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Ruidoso June Community Events
June 13th, 2008 categories: Community, Food and Entertainment
What could be more fun than hanging out with friends and family in the cool mountain air of Ruidoso and being able to attend one of the awesome concerts taking place here? There are so many events scheduled for the summer. I wish I had the time and space to write an article on each, but for brevity’s sake I can only hit a few of the highlights each month. Keep checking back. We’ll do our best to keep you abreast of our biggest community events and concerts as we know about them.
June 14, 2008 - Esteban, a master guitarist and arranger, will be performing at the Spencer Theater on the evening of June 14. Esteban has topped the Billboard charts numerous times with his albums and dvd’s. Now is your chance to hear the legendary guitarist in person. Visit the Spencer Theater’s website for ticket information and show times.
June 14 - Spring Fling Car Show: Mountain Annie’s. Come join the fun. The car show runs from 10-4 on Saturday. Admission is free.
June 14 & 15 - Ruidoso Wine Festival: Inn of the Mountain Gods. The New Mexico Wine Growers Association will be hosting the event. The cost is $20 at the door and includes a souvenir wine glass. A picture ID will be required and a designated driver is strongly suggested. Wine will be available for tasting or for buying. Visit the Inn of the Mountain God’s site or www.nmwine.com for more information.
June 21 & 22 - Ron White, comic sensation. Have a ball with “Tater Salad” Ron White at the Inn of the Mountain Gods. A second night has been added to the schedule due to his popularity, so if you can’t make the first show, get tickets for the second. Visit ticketmaster for prices and availability.
June 28 - The Buckinghams: Spencer Theater. This group is one of the tightest bands I’ve ever heard. Several years ago, I went to one of their performances at the old Bingo Hall near the casino. I was blown away by the Buckingham’s beautifully honed sound. You’ll be pleasantly surprised. Head over to the Spencer Theater’s website for details.
That’s all for now. I’ll soon post an update for July’s events. With the fire restrictions still in Stage III, I hope you see something above that gets you off your rocker and up on the mountain. It’s summer! Have fun!
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