Just a quick update of listings in the Camelot area, including  Camelot Crown Estates, Camelot Mountain Tract, and Camelot Highlands.

As of mid August 2010 there are 8 site built homes listed ranging in price from $230K to $592K.  The median price for this group is $379.9K, and a median sq. ft. price of  $173 / ft.

To view the current Camelot listings – click here.

The sign and lot pictured here are of a lot for sale at 303 Crown Dr. in Camelot. The price on this lot was recently reduced to $28,000. The land has gentle slopes, with a building location near the center of the lot, which  measures .31 acre in size. There are currently over 70 lots for sale in the Camelot area. If you would like to view any or all, email me, and I will be glad to send a link to these lots.

See photos and details of this lot in Camelot.

If you would like to receive a weekly email update of new listings, or price changes to properties in Camelot or Ruidoso, please contact me, or email mary@ruidoso-homes.com or call or text me at 575-937-5229.

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The summer rains are here and keeping the golf courses around Alto and Ruidoso nice and green, and if you have always dreamed of having a golf course home in the area, now is a good time to buy.  Prices are down and interest rates are still very low.

There are currently 38 residential listings within the Ruidoso MLS that are located on a golf course. This includes condos, town homes and site built homes on Cree Meadows and Alto Lakes.

Properties recently listed by Prudential Lynch Realty include:

1. A spacious home on the 14th fairway at Alto Lakes Golf & Country Club. $489,500.00. 

2. Alto Lakes – 4 bedroom home on golf course $379,500.00

3. Remodeled. priced reduced.  home on the course, 15th fairway, at Alto. $265,000.00

4. A home on Cree Meadows Golf Course in Ruidoso. $299,500.00. ( contract pending )

5. A home near Cree Meadows Golf Course in Ruidoso. $289,500.00. ( near golf course with GC views )

We also have a couple of nice, well priced lots (with golf memberships) listed in Rainmakers Subdivision.  Here is link to a patio home lot on the 12th fairway at Rainmakers Golf Course, near Spencer Theater.  

One of the most exciting things to happen in the golfing arena here in Lincoln County, is that Alto Lakes Golf and Country Club has just acquired an additional 18 hole golf course called The Outlaw.   Now anyone who owns a full golf membership lot or home in Alto Lakes,  automatically has a membership to The Outlaw as well!  The additional cost is minimal at just $35 per month more in fees.  All of the Alto golf members that I have spoken to are very excited about this new turn of events.

To view all golf course properties, including condos, town homes and site built homes – visit this link:  Ruidoso / Alto Golf Course listings.

If you would like to receive a weekly email update of new listings, or price changes to golf course properties in Alto or Ruidoso, please contact me, or email mary@ruidoso-homes.com or call or text me at 575-937-5229.

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Home with horse facilities near Ruidoso

Located in Eagle Creek Canyon, on the north east side of Ruidoso, is one of the areas finest homes, with a guest house, and facilities for horses.

The main house measures 7,695 sq. ft, and has 3 living areas, 7 bedrooms ( 2 master suites), and 6 bath rooms. The house and guest house are both territorial style, finished with stucco,  built on concrete slabs, and have metal roofs.  Listed at $1,200,000.00

This home sits on 5 acres, and has many custom features, along with numerous features that horse owners will appreciate.

See more details and photos on this Ruidoso horse property.

Several other homes on acreage, suitable for horses have recently been added to the Prudential Real Estate listings in the Nogal and Capitan area.

Click on photo below for details on these properties.

Home on acreage near Capitan

Home on acreage near Nogal

Home on 30 acres with horse facilities - near Capitan

There are a good number of  properties listed in Lincoln County where horses are allowed. This link will show land listings – horses allowed priced from lowest to highest.  This link will show site built homes for sale on land where horses are allowed ( not included here are manufactured / mobile homes ).

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 .  Also, you may call or text me at 575-937-5229.

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There continues to be great buying opportunities in Alto Village, with more listings on the market, as the summer season nears the midway point. Currently, there are 139 residential listings for sale (site built homes), and 123 land or  lot listings in Alto Village.

Looking at price ranges, there are currently 5 residential listings under $200,000. 32 properties are listed in the $200K-$300K range. 36 listings are priced between $300K-$400K. 22 listings in the range of $400K-500K. 27 listings are in the range of $500K-$700K, with 18 listings over $700K.

Here are just a few of the Alto Lakes listings, recently added by Prudential Lynch Real Estate in Ruidoso.

To view all residential site built homes currently listed, visit this link.

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.

We are beginning to see some positive signs in our local real estate market. The sharp declines that occurred in 2008 and 2009,  are beginning to trend upwards.  Activity is up as buyers continue to look for bargains, and take advantage of the high inventory of available homes for sale.  Home buyer tax credits may have had some impact, but not as much as they have in areas that have more first time, and primary home buyers.

The following press release was recently issued by the Ruidoso/Lincoln County Association of REALTORS.

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1^ST QUARTER 2010 HOME SALES INCREASE IN CITY AND COUNTY OF LINCOLN AS MEDIAN HOME PRICES RISE

(Ruidoso, NM – April 9, 2010)  The sky is not falling and home sales are on the rise.  The market is stabilizing and total sales of real estate for 2009 was off 8% from 2008.  That is a big change from the near 25% drop from 2007 to 2008.  Ruidoso and Lincoln County home sales had a 22%  increase over the 1^st Quarter of 2010 compared to the same quarter in 2009.  The overall median price of homes sold,  were up from $192,000 during the 1^st Quarter of 2009 to $246,500 in the 1^st Quarter of 2010, or an increase of 47.7%.  The average days on market for a home to sell increased from 214 days  to 256 days for the same 1^st Quarter period.  Homes in the $250,000 to $399,999 have seen the most sales activity.

Major price reductions occurred over the past year and were greatly needed in this downward business cycle.  Sellers are realizing that it is better to make a little profit and sell their home and move on to their next adventure, rather than, to coin a business sales term ‘bag an elephant’  that may be un-baggable or non-existent.

Overall consumer confidence in real estate is being bolstered by the less than optimum CD and savings rates of less than 1%.  Business activity in most offices has been steady to extremely busy, since Christmas.  The good snow has brought skiers to town, that have taken the time to look at homes that they had not been willing to look at this same time last year due to the uncertainty of the economy.

Home buyers received great news in November with the extension of the First Time Home Buyer Tax Credit and expansion of a $6,500 tax credit to existing home owners wanting to buy.  With interest rates at record lows, more competitively-priced homes, and a large inventory, there has never been a better time to buy.

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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.

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UPDATE:  Aug 28th, 2010:  View current listings for sale.

Log Homes for sale in the Ruidoso area – click here

Cabins for sale in Ruidoso – Priced $100K – $200K – click here

There has been a lot of interest in log cabins this winter in Ruidoso. The snow and ski conditions have made many people think about owning a log cabin in Ruidoso, and how nice it would be to sit and watch the snow fall with a fire burning in a big rock fireplace.

Currently, there are just over 20 log homes or cabins for sale in the area.  Prices range from just over $200K to $1.5M.  the median price is $485K, with median square foot price at $199 / sq. ft.

Keep in mind that there are a number of small rustic cabins for sale, which may have “log siding”.  This is not true log construction, but has the look of logs, and may be priced much lower than larger homes made from real logs.

Visit these links to view currently available log homes, and lower priced cabins:

Log Homes for sale in the Ruidoso area – click here

Cabins for sale in Ruidoso – Priced $100K – $200K – 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.

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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.

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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.

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UPDATE:  Aug 10, 2010.  View all Ruidoso area Condos / Townhomes

Here is a brief update on the condo market in Ruidoso, as of Feb 08, 2010.

• 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.

If you would like more information on Ruidoso condos and town homes, please contact me,  or email  mary@ruidoso-homes.com or call or text me at 575-937-5229.  Re-published from Active Rain.

The Fall season in Ruidoso is my favorite time of year!

Here in the South Central Mountains of New Mexico, the foliage is a mixture of gold, orange, brown and red against a backdrop of evergreens. The colors seem to have lasted longer this year than they usually do, and the aroma of pinon wood smoke from fireplaces and green chile roasting is in the air. We already have had a few inches of snow on top of Sierra Blanca, and hopes are high for a good ski season. It just doesn’t get any better than this!

I wanted to share a few recent photos from around the area…

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