Traditionally, the winter time is not the best time to sell Real Estate in Angel Fire, New Mexico. However the activity that started in the fall has contnued through the winter months so far. While foreclosures definitely seem to peak the majority of the buyers' interest, there are other good deals to be had in Angel Fire. In the past few weeks, 9 properties have gone under contract. Very surprising during the holiday season. We are seeing the prices come down in the process of negotiation 10% on the average. Also great considering this economy!
Real Estate is doing well in Angel Fire! Have a Happy New Year!
Wednesday, January 5, 2011
Thursday, December 2, 2010
Planning and Zoning Stats tell the tale of the Best House Values!
Plan on joining Michael at the Planning and Zoning meeting tonight at 5 pm, Village Hall. It is always the 1sr Thursday of the month. Michael as many of you know, is the Chairman for the Angel Fire Planning and Zoning Commission. In talking to Michael about this year's look at permits for new builds and remodeling he offers the following stats:
"We have a total of 112 permits for the year. 12 were for new construction of single family homes, one has been for commercial construction and the rest have been for remodels/restorations of existing properties."
This clearly shows the trend for people not to build new, but use their dollars towards upgrading their current homes. This tells buyers who are looking for a home in the area, to take a look at older homes who need TLC, as in the current market conditions, they are a much better value on price per square foot.
New construction in Angel Fire runs $200.00 per square foot! Need I say more!
"We have a total of 112 permits for the year. 12 were for new construction of single family homes, one has been for commercial construction and the rest have been for remodels/restorations of existing properties."
This clearly shows the trend for people not to build new, but use their dollars towards upgrading their current homes. This tells buyers who are looking for a home in the area, to take a look at older homes who need TLC, as in the current market conditions, they are a much better value on price per square foot.
New construction in Angel Fire runs $200.00 per square foot! Need I say more!
Tuesday, November 23, 2010
In Angel Fire, New Mexico there are several factors that influeance how much rental income is generated on a property. When you look at our real estate listngs on WWW.AngelFireNewMexico.US, condo properties that are witin a three block radius are key! Vacation Renters do not like to have to travel and park at the ski slope if they can avoid it. Walking distance is a very influential characteristic. As we all know, "Location, location, location!"
Another factor to keep in mind when looking for rental property is how many beds or "heads" will it sleep. We have found through the years that the more beds, the more rental. So consider bunk beds as a way of maximizing the rental potential of a property.
To a lesser degree than the location and occupancy of the property, covered or uncovered parking is sometimes a consideration that will tip a vacationer to choose you over another comparable property.
Also influential is if the unit is on the third floor versus ground floor (less stairs). A building elevator is also very helpful!
For a view of the various condominiums complexes, visit our Vacation Rental website at WWW.ResortPropertiesofAngelFire.Com to familiarize yourself with the various condominium complexes in Angel Fire!
Another factor to keep in mind when looking for rental property is how many beds or "heads" will it sleep. We have found through the years that the more beds, the more rental. So consider bunk beds as a way of maximizing the rental potential of a property.
To a lesser degree than the location and occupancy of the property, covered or uncovered parking is sometimes a consideration that will tip a vacationer to choose you over another comparable property.
Also influential is if the unit is on the third floor versus ground floor (less stairs). A building elevator is also very helpful!
For a view of the various condominiums complexes, visit our Vacation Rental website at WWW.ResortPropertiesofAngelFire.Com to familiarize yourself with the various condominium complexes in Angel Fire!
Thursday, November 18, 2010
Should I rent out my Angel Fire Condo?
Michael and I are often asked, especially by potential owners, "Should I rent my property in Angel Fire to Vacation Renters when I'm not using it?" The answer is often up to the personal preferences and how the individual feels about having other people in their home and using their personal possessions. If that is not an issue, then we most often answer, "Yes!"
We manage over 100 houses and condos in Angel Fire (http://www.resortpropertiesofangelfire.com/), and while this is not a year round Resort (yet) there is enough demand for Vacation Rentals in Angel Fire, that renting to Vacationers generate nice income. However, the income generated by our rental properties for individual owners, is not a way for the property to pay for itself! It will generally produce enough income to cover taxes, insurance, utilities, Association Dues, Resort Memberships and the like.
Angel Fire condo studios gross about $5500.00 per year, while a three bedroom Angel Fire condo would gross $14,000. In the world of Angel Fire Vacation Rentals, bigger is better. Or as we say, "the more beds for heads the better!"
In our next blogs, we will cover the factors that are advantageous in an Angel Fire Rental Properties. As always, for listings of our properties in Angel Fire, Taos, Eagle Nest, and Cimarron and the Moreno Valley visit us at http://www.angelfirenewmexico.us/.
We manage over 100 houses and condos in Angel Fire (http://www.resortpropertiesofangelfire.com/), and while this is not a year round Resort (yet) there is enough demand for Vacation Rentals in Angel Fire, that renting to Vacationers generate nice income. However, the income generated by our rental properties for individual owners, is not a way for the property to pay for itself! It will generally produce enough income to cover taxes, insurance, utilities, Association Dues, Resort Memberships and the like.
Angel Fire condo studios gross about $5500.00 per year, while a three bedroom Angel Fire condo would gross $14,000. In the world of Angel Fire Vacation Rentals, bigger is better. Or as we say, "the more beds for heads the better!"
In our next blogs, we will cover the factors that are advantageous in an Angel Fire Rental Properties. As always, for listings of our properties in Angel Fire, Taos, Eagle Nest, and Cimarron and the Moreno Valley visit us at http://www.angelfirenewmexico.us/.
Tuesday, November 16, 2010
Realty Times - Angel Fire, New Mexico Real Estate Market Conditions
Realty Times - Angel Fire, New Mexico Real Estate Market Conditions
This is a very interesting article on the New Mexico Real Estate Market. As yoi will see, sales have ben coming along very nicely. For individual listings, please visit our Website at http://www.angelfirenewmexico.us/. For lodging for your next Angel Fire, New Mexico visit, go to http://www.resortpropertiesofangelfire.com/.
This is a very interesting article on the New Mexico Real Estate Market. As yoi will see, sales have ben coming along very nicely. For individual listings, please visit our Website at http://www.angelfirenewmexico.us/. For lodging for your next Angel Fire, New Mexico visit, go to http://www.resortpropertiesofangelfire.com/.
Wednesday, November 10, 2010
Resort Properties of Angel Fire Only 1 home left for Christmas, this cozy cabin is only 1.5 mile from the Angel Fire ski basin, large open living area with oversized wood fireplace! Easy access and can accomodate 2 family's!
This Country Club Home sleeps 11 people with 3 bedrooms and 2 baths all on 1 level. Nestled in the pines this home has a large woodburning fireplace in Living Room. The kitchen and dining room are open to the living room accomadating large gatherings. A nice wrap-around deck allows you to enoy the forest and wildlife!
Sunday, November 7, 2010
www.resortpropertiesofangelfir
THE BURNING SKYE IS A 4 BEDROOM/3 BATH LOCATED ABOUT 5 MILES UP THE SKI MOUNTAIN. THIS BEAUTIFUL HOME FEATURES A WOODBURNING FIRPLACE, GAME ROOM WITH POOL TABLE, W/D 3 TVS AND DVD PLAYERS, HOT TUB. 3 QUEENS, 2 BUNK SETS, QUEEN SLEEPER.$300 HOT TUB FEE.
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