Interesting…
Example A: was $360K, now $279K and the owner will look at “any” offers. Example B: was $675K, now $395K. Whoa! That’s a drop of over 40 percent. The paper is full of ads with “REDUCED!” banners on them. And here the conventional wisdom was that this would never happen because Taos is an “end destination” resort, etc. etc. Yeah, yeah.
Looks like my wife has found a studio, by the way, so for now the pressure is off on the issue of moving from our scenic adobe hovel on the hillside. We’ll keep looking, of course, but the main job now is getting a certain baby grand down here from Dubuque. After that the snows will come, and we will move or not, depending.
One step at a time, but at least there’s movement.
Related posts:
- San Diego Real Estate Meltdown & St. Francis, KS
- BUFFALO LIGHTS: Maryland to New Mexico – Part I, Chapter 4, “Real Estate for Dummies”
- Loving Taos, But…
- Our Current Taos Housing (?) Situation [Revised]
- Roof(s) Over Our Heads Dept.
