ANGEL FIRE MOUNTAIN REALTY NEWS
Angel Fire sees uptick in home sales for 2017 - Albuquerque Business First
It may be chilly in Angel Fire but home sales are heating up.
The ski town had record-breaking numbers in 2016 and 2017 is shaping to
surpass those. Total closed properties were up in 2017 by 20 percent, while the
number of days on the market was down, up to 40 percent.
According to The Taos County Association of Realtors 2017 year-end snapshot,
Angel Fire saw the "most significant sales uptick in single-family home sales"
compared to other northern New Mexico communities.
“We used to be the best-kept secret in the Rockies. Now that is changing,"
said Michael Woolley, owner and broker of RE/MAX Mountain Realty. "We are
noticing more families looking for their second home up here. We have
everything you get in other popular ski towns but without the sky-high price tag
and huge crowds."
Woolley thinks Angel Fire saw the increase due to several factors including home
prices gaining appreciation as the area climbs out of the recession and attractive
mortgage interest rates. RE/MAX Mountain Realty closed on over $42 million in
sales in 2017.
He also noted overcrowding in other states making New Mexico more appealing
to second homeowners. Woolley did say he sees a lot of buyers come from Texas
and other surrounding states. That's what some real estate developers are calling
“the Colorado effect" because buyers are feeling the overcrowding, traffic and
high prices for real estate in popular Colorado mountain towns.