Business

Angel Fire real estate sales on upswing

Compiled by Staci Matlock
editor@taosnews.com
Posted 2/27/19

Blogger Allie Bynum set out on a 7,000 mile journey around the United States in a van with her husband and one-year-old daughter in search of a great ski town where they could live and work. After …

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Business

Angel Fire real estate sales on upswing

Posted

Blogger Allie Bynum set out on a 7,000 mile journey around the United States in a van with her husband and one-year-old daughter in search of a great ski town where they could live and work. After visiting several, they landed, unexpectedly, in Angel Fire, where they found the snow good, the neighbors nice and available real estate.

"The housing market is both available and affordable, which is a huge factor in naming Angel Fire The Last Affordable Ski Town in America," Bynun wrote in an article for Teton Gravity Research. "Not only are there opportunities to rent right in town, there's also room to buy property and settle down in a mountain town without selling a kidney."

Realtor.com has also dubbed Angel Fire "America's Most Affordable Ski Town." This year, the small mountain resort town is celebrating another record year of growth, according to a press release. "2018 was the third consecutive record-breaking real estate year and the beginning of 2019 is showing no signs of cooling down," said public relations director Krysty Ronchetti.

Sales in the year-round resort community began a healthy resurgence in 2016 following several years of decline after the recession. "Over the past two years, single family homes and condo sales have continued to grow," Ronchetti notes in the press release. "In 2018, single-family homes sales in Angel Fire, Black Lake and Eagle Nest are up 25 percent over last year. Condo sales are up 10 percent over last year."

"We're seeing more families coming in from surrounding states who are looking for an affordable second home close to skiing and golf," said longtime Angel Fire broker, Michael Woolley of RE/MAX Mountain Realty.

According to Woolley, the median price for a house in Angel Fire has climbed 10 percent over last year but, at $349,000, it's still below average house pricing in comparable ski resort towns.

"The numbers are showing that Northern New Mexico is growing every year. Our days on the market have been dropping each year. Homes are selling quickly but it also means that there is less inventory available," Woolley said in a press release.

According to the Taos County Association of Realtors (TCAR) 2018, the community of Angel Fire has seen a significant sales uptick in single-family home sales with a 30 percent increase in single-family homes and 27 percent in condo sales in the first half of 2018.

- Compiled by Staci Matlock

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