Are values in Ruidoso falling? It seems homes are staying on the market longer.

Asked by Steve Holloway, San Antonio, TX Fri Mar 21, 2008

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Annie Snow 5…, Agent, Ruidoso, NM
Wed Aug 4, 2010
Steve Hello,

You can find some bargains, because so many homes are on the market.

Alto is an area that has many wonderful homes for sale and some of the priced have been lower then about three years ago.

you can see everything on the market at my home site http://www.AnnieSnow.com.

It is a great time to be a buyer!

Interest rates are still at an all time low.

Best wishes, Ms Annie
Web Reference:  http://www.AnnieSnow.com
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Mary Weaver, Agent, Ruidoso, NM
Thu Apr 10, 2008
Hi Steve,
I just posted a market analysis on my new blog (see link below) that might answer this question in more detail for you, but in a nutshell, the number of homes that sold in Ruidoso in 2007 was down from the number sold in 2006, but property values are holding pretty steady. We have seen some price corrections on houses that were just listed too high to begin with. New construction is moving pretty quickly in most cases. It is the older homes that need some updating that are staying on the market longer. I just checked our average days on market, and it is at 179, which is about the same as it has been for the last few years. The median home price of currently listed single family homes is $249,000
Web Reference:  http://www.ruidosoblog.com
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