DOES AN INCREASE IN VOLUME SIGNAL A TURNAROUND IN TAOS REAL ESTATE?
Before we get all gushy about a blowout quarter and a 30% increase over Q3, let’s take a look at Q4 numbers for 2010 and 2009. It sure seems like a seasonal bump to me. Also, a significant development should be noted in Red River, the old mining town in the north of Taos County. Several high-priced closings occurred which may have been broker assisted private sales and entered into the MLS. The sales show brief marketing times and the involvement of only one broker. Red River is a very small town and is thinly traded most of the time. I think it’s somewhat of an anomaly. That said, it means that our volume may have been lower than expected. Go to the Market Stats button to see the 2011 year end volume figures for Taos County and the Moreno Valley real estate.
