Red River Real Estate July 2009 Market Update This year the Red River real estate market appears to be promising with nineteen sold properties and an additional five pending. Last year Resort Realty was #1 at selling Red River real estate and continues to remain on top in 2009. Mortgage rates are low and it is a great time to buy your Red River vacation home. We have several great cabins and vacation homes to choose from. Check out all the Red River buyer resources we have on our website. If you are considering selling your Red River home, condo, land or business contact us at Resort Realty and check out our #1 Marketing Plan to sell your property fast!
| Active Red River Listings | Average Price | Average Days on Market | Single Family | Condo's |
Town- house |
Lots Land Unimpr. |
Lots Land Impr. |
Lots Land Comm. |
Comm. | Other | Fract. |
| 124 | $281,191 | 285 | 53 | 19 | 5 | 28 | 11 | 1 | 2 | 1 | 1 |
Under Contract 7/29/09 Total: 5
| Type | Contract Date | List Price | Selling Company |
| Single Family | 6/18/09 | $375,000 | Remax |
| Land | 7/10/09 | $77,500 | Resort Realty |
| Single Family | 7/14/09 | $405,000 | Remax |
| Single Family | 7/22/09 | $265,000 | Resort Realty |
| Single Family | 7/23/09 | $175,000 | Resort Realty |
Sold 1/1/09 through 7/29/09 Total: 19
Sales Price Stats 2009- High $430,000 Low $35,000 Average $168,838 Median $150,250
| Type | Sold Date | Sold Price | Selling Company |
| Condo | 2/23/09 | $35,000 | Calhoun Real Estate |
| Condo | 2/16/09 | $52,000 | Calhoun Real Estate |
| Townhouse | 1/13/09 | $99,900 | Bella Tierra/Angel Fire |
| Condo | 2/13/09 | $105,000 | Resort Realty |
| Condo | 2/13/09 | $110,000 | Resort Realty |
| Comm/Industrial | 2/13/09 | $115,000 | Bandana Real Estate |
| Condo | 4/8/09 | $142,500 | Non MLS |
| Single Family | 2/11/09 | $200,000 | Remax |
| Single Family | 2/25/09 | $393,000 | Resort Realty |
| Single Family | 2/11/09 | $430,000 | Remax |
| Single Family | 4/24/09 | $269,000 | Resort Realty |
| Townhouse | 6/19/09 | $165,000 | Resort Realty |
| Townhouse | 6/24/09 | $174,000 | Resort Realty |
| Townhouse | 6/24/09 | $205,800 | Resort Realty |
| Condo Muskie | 6/29/09 | $80,000 | Resort Realty |
| Condo Watson | 7/9/09 | $84,900 | Resort Realty |
| Condo Clayton | 7/12/09 | $70,000 | Resort Realty |
| Single Family | 7/13/09 | $265,000 | Resort Realty |
| Townhouse Rice | 7/15/09 | $158,000 | Resort Realty |
(Source: Taos County Association of Realtors. Tcar does not guarantee or is in any way responsible for its accuracy. Data maintained by TCAR may not reflect all real estate activity in the market.) Go to www.BuyRedRiver.com to view all property listed on Taos county Board of Realtors MLS system... From foreclosures to mountain cabins we have every listing on the MLS. NO REGISTRATION REQUIRED.
Hopefully you will be in Red River New Mexico this summer to enjoy our friendly community and cool mountain air as well as attend a few of the fantastic events. The Red River Chamber of Commerce has been working hard on making the existing Red River events bigger and better as well as adding new events to the Red River calendar. Make sure to mark your calendars for some of the fun events.
When you are visiting this summer you can't help but notice the beautiful new building blessing our town. The new log and stone building, standing where the Mountain Shop was located, now houses Red River's newest retail shop, "Climates." Climates offers visitors and locals Red River's first outdoor store, selling outdoor and camping gear including backpack's, tents & hammocks. They also have a $9.95 t-shirt outlet, fantastic clothing and jewelry, as well as Red River souvenirs and a tanning bed. The Mountain Shop that burned down last year has moved into the shop next door to the Gold Nugget in the center of town.
The Red River Ski Area is working hard on replacing the "red chair" lift with a faster three person chair lift. The ski area will be offering summer chair lift rides on the "copper chair" this summer. Don't miss the opportunity to take a ride to the top and enjoy the views to the tip restaurant for a beer and a burger or pack a lunch and have a family picnic and enjoy the breath taking views. The ski area's Lift House restaurant and bar will also be open this summer for lunch and drinks.
The Red River Community House has over 400 free children and family activities all summer long including guided hikes, crafts, teen nights, line dancing, music, movies on the lawn and Red River history tours.
Another great addition to Red River this year is Studio 23. A full service beauty salon offering hair color and cuts, manicures and massages. They are located on Main Street in the Ponderosa Lodge.
Resort Realty launched our new interactive website this year, www.BuyRedRiver.com. It allows visitors to search the entire Taos County Board of Realtors M.L.S., in addition to providing links to the Red River web cam, Red River Miner and current real estate market updates, mortgage rates and upcoming Red River events. You can also follow Resort Realty on Twitter and FaceBook.
The Red River real estate market is looking promising in Red River so far this year. If you are not making use of your property or your lifestyle and interests have changed and you are considering selling please contact Diane for a free, no obligation, market analysis of your property. I will provide you with a report detailing sold and active comparable properties to help you determine a list price for your Red River property. Resort Realty has six brokers and is the most experienced Red River real estate company. We also sold more Red River real estate than any other real estate company in 2008 and 2009.
Helping People Buy Red River New Mexico Real Estate & Vacation Homes since 1976 !
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Resort Realty has all the resources you need to help you buy a cabin, vacation home, lot, condo or commercial real estate in Red River New Mexico. Our knowledgeable agents, licensed Realtors, come from a variety of backgrounds and have congregated in the most beautiful place on earth: Red River New Mexico I can guide you through the complicated Red River New Mexico real estate world, whether you're an experienced real estate investor, or buying your first vacation home or cabin. With access to every available listing in the Red River New Mexico area through mls, Resort Realty offers friendly professional service you can trust. contact Diane
Red River New Mexico's most experienced brokerage! |
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The following information provides useful information and is a great place to start if you're considering buying a cabin, vacation home, condo, lot, land or commercial real estate in Red River New Mexico.
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Red River Real Estate June 2009 Market Update Red River's real estate market is up from this time in 2008. This time last year there were only eight sold properties (2 condo., 1 townhouse & 5 single family) with an average sales price of $249,933. This year the Red River real estate market appears to be promising with fourteen sold properties and an additional five pending. Last year Resort Realty was #1 at selling Red River real estate and continues to remain on top in 2009. Mortgage rates are low and it is a great time to buy your Red River vacation home. If you are considering selling your Red River home, condo, land or business contact Diane at Resort Realty and check out my #1 Marketing Plan to sell your property fast!
| Active Red River Listings | Average Price | Average Days on Market | Single Family | Condo's |
Town- house |
Lots Land Unimpr. |
Lots Land Impr. |
Lots Land Comm. |
Comm. | Other | Fract. |
| 104 | $309,863 | 353 | 50 | 15 | 3 | 15 | 11 | 1 | 6 | 2 | 1 |
Under Contract 6/25/09 Total: 5
| Type | Contract Date | List Price | Selling Company |
| Townhouse | 6/17/09 | $171,900 | Resort Realty |
| Single Family | 6/18/09 | $375,000 | Remax |
| Condo | 6/19/09 | $85,000 | Resort Realty |
| Condo | 6/19/09 | $102,900 | Resort Realty |
| Single Family | 6/22/09 | $399,000 | Resort Realty |
Sold 1/1/09 through 6/25/09 Total: 14
| Type | Sold Date | Sold Price | Selling Company |
| Condo | 2/23/09 | $35,000 | Calhoun Real Estate |
| Condo | 2/16/09 | $52,000 | Calhoun Real Estate |
| Townhouse | 1/13/09 | $99,900 | Bella Tierra/Angel Fire |
| Condo | 2/13/09 | $105,000 | Resort Realty |
| Condo | 2/13/09 | $110,000 | Resort Realty |
| Comm/Industrial | 2/13/09 | $115,000 | Bandana Real Estate |
| Condo | 4/8/09 | $142,500 | Non MLS |
| Single Family | 2/11/09 | $200,000 | Remax |
| Single Family | 2/25/09 | $393,000 | Resort Realty |
| Single Family | 2/11/09 | $430,000 | Remax |
| Single Family | 4/24/09 | $269,000 | Resort Realty |
| Townhouse | 6/19/09 | $165,000 | Resort Realty |
| Townhouse | 6/24/09 | $174,000 | Resort Realty |
| Townhouse | 6/24/09 | $205,800 | Resort Realty |
(Source: Taos County Association of Realtors. Tcar does not guarantee or is in any way responsible for its accuracy. Data maintained by TCAR may not reflect all real estate activity in the market.) Go to www.BuyRedRiver.com to view all property listed on Taos county Board of Realtors MLS system... From foreclosures to mountain cabins we have every listing on the MLS. NO REGISTRATION REQUIRED.
BUYING A CABIN IN RED RIVER NEW MEXICO SEARCH RED RIVER NM CABINS FOR SALE
Buying a Red River NM vacation cabin can be a wonderful and complex adventure!
Many families began building cabins around Red River in the late 1930's and 1940's, although the majority were constructed around Red River from the 1960's to today.
Most cabins are rather small with an average of two bedrooms, one bathroom, 1000 square feet and have very little storage. Many families, over time, have restored the original cabins and added more living and storage space.
Cabins are the most desired real estate in Red River and a small log cabin on the river can cost up to $350.00 per square foot. Log cabins are valued up to 20% more than their wood or bark sided counterparts.
If you are planning on enjoying your Red River cabin through the winter make sure it is accessible, heated and has a permitted well and septic system.
Because many cabin's were built to use only in the summer they do not have a heat source or proper insulation. When these cabin's are closed for the winter they must be winterized to prevent the pipes from freezing. Many owners have remodeled their cabins to include modern heating systems, insulation and energy efficient windows and doors but...check to make sure.
Another consideration when buying a Red River cabin is winter access. The snow fall around Red River can vary by several feet from neighborhood to neighborhood and many roads are private. These roads must be plowed throughout the winter by owners or one of the many snow plowing companies to gain access to the most remote cabins. Some cabins around Red River can be quite difficult, if not impossible to reach in the winter without a snowmobile.
Most cabins in Red River are serviced by wells and septic systems. The septic system and well laws created and enforced by the EPA are ever changing. All septic systems must be inspected and permitted when the property they serve is sold or transfers ownership. Contact Resort Realty for more information on septic system laws and requirements.
Buying a cabin in Red River New Mexico is a dream come true for most families. Resort Realty can help guide you through the all the information necessary to find the perfect Red River cabin.
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