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 tosurpass 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 arenoticing more families looking for their second home up here. We haveeverything you get in other popular ski towns but without the sky-high price tagand huge crowds.”
Woolley thinks Angel Fire saw the increase due to several factors including homeprices gaining appreciation as the area climbs out of the recession and attractivemortgage interest rates. RE/MAX Mountain Realty closed on over $42 million insales in 2017.
He also noted overcrowding in other states making New Mexico more appealingto second homeowners. Woolley did say he sees a lot of buyers come from Texasand other surrounding states. That’s what some real estate developers are calling“the Colorado effect” because buyers are feeling the overcrowding, traffic andhigh prices for real estate in popular Colorado mountain towns.