The market in Taos has had a significant uptick in activity, number of transactions and contracts and volume in the first quarter of 2013. We are encouraged about the spring and summer seasons! The resort market is usually lagging behind the primary residence market when the market shifts which translates to an appraisal disconnect as the sale prices begin to reflect less supply and more demand. Eventually, this may cause the prices to start back up toward 2005/2006 levels but this has not occured as yet.

We still have the perfect climate (for buyers) of low interest rates and low prices so right now is a terrific time to jump back into the market whether for second home, retirement home, primary residence or investment for the future. The prospect of new construction is a distant memory in Taos-hoping that will change soon for potential developers and contractors who have been on the sidelines and unable to obtain financing from reluctant lenders for any proposed projects.

The news from the Hondo Land Grant fraudulent deed situation is "major progress" after more than two years of languishing in the courts. Judge Backus has signed a Partial Summary Judgement which invalidates the deeds and should remove the cloud from the titles of many land owners in the Hondo Grant area who have been unable to refinance, sell or obtain title insurance for their properties.

The next step in this drama is a possible protest or appeal from the Land Grant heirs and their attorney, however, the real estate community and affected landowners are certainly hoping that the various title insurance companies will insure over any appeal in the future.

As the ski season winds down to a closing this weekend with lots of snow still on the mountains, we are looking forward to green, sun and flowers-there is a Lilac Festival happening in May! Lots of spring and summer events in Taos coming soon. I would love to discuss your specific property or find you the house of your dreams!!

TAOS COUNTY MARKET MLS FIRST QUARTER 2013 VERSUS 2012

Great improvement! Days on Market went up, but otherwise a major step in the right direction!.

Finally, some improvement in the condo market!.

Also, good improvement, although the average price and days on the market are worse, the overall land market is UP!.

Overall, the market is definitely cranking up!