With 63 homes currently available in this area and five sales in December, this is a wonderful buyer's opportunity. Of the five sold, none were distressed. p> Of the 63 properties, currently five properties are available for sale that are either short sales or bank owned.
Offerings range from $259,900 with five properties priced above $1M.
In 2011, 114 properties entered the market in this part of town and 36 sold for an average price of $416K down form the $467 average in 2010.
Average days on market for active properties are 312 days and some properties have exhibited significant reductions in asking price.
For the year, sales in the area have declined about 20% from 2010 and sellers should be cognizant of this when determine an asking price.
ZIP Code: 87508 Location Characteristics: The 285 corridor is marked by larger acreage per parcel than nearby Eldorado, and sweeping views of the Galisteo basin and the mountain ranges to both east and west. This is lviing for those who relish privacy and serenity and want lots of stars to look at. In many cases this is horse friendly country with access to countless miles of riding trails. It's also possible to access the rail trail that parallels the tracks and leads to Santa Fe.
Shopping is most easily accomplished at the nearby Eldorado shopping facility.
