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Friday, September 08, 2006

Real Estate Values in Costilla County


According to this 2005 article in La Sierra, the official news source for the Costilla County, real estate prices in the area are being driven higher by strong appreciation in property values from Taos, just an hour south. According to the article, the town of Taos, New Mexico, has become an art mecca, lifestyle center, and tourist destination where wealthy newcomers are eager to buy up land for their dream homes. High Taos prices have been pushing growth to the north where even in Costilla County, two-acre lake front lots are being advertised for $85,000 and farmland is selling for $10,000 an acre. Be sure to read the article. (Click to enlarge.)

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