I watch for “deals” every day, monitoring the new listings and price changes in the local MLS. I also monitor a few outside sites like Zillow, Trulia, and various REO sites. It is not easy to track every single property, because the information is constantly changing, but I usually have  a list that is fairly up to date, and includes most, but not all of the distressed properties. I also monitor the price drops and pass these updates along to those looking for good buys in our local market.  I will be glad to keep you updated as well. Send me an email, text, or call and I’ll put you on a list that is targeted to only the search criteria you specify.

Here is list of Ruidoso Foreclosures and Bank Owned Properties. These properties are usually listed by another agent, and their office name is listed at the bottom of each property detail page. If you need more information on any of these, please contact me.  Photos of these properties may be very limited, sometimes there is no photo, or only a single photo of the outside. If possible,  I will get more photos, and will email those to you, along with the property details. Contact or Email Mary Weaver at:   mary@ruidoso-homes.com  or call / text Mary at 575-937-5229 in order to get the latest updates on foreclosures and price drops in Ruidoso Real Estate.

One of these cabins is in the Sun Valley Subdivision on Sun Mountain Loop,  located just west of the Alto area, off of Hwy 48.  This area is a mix of vacation and full time homes. The cabin offers seclusion, distant views of hillsides with pines and mixed conifer trees, along with a small view of the Sacramento Mountains. Recent upgrades include new carpet, and a new deck. Here is a link to the Sun Valley cabin, and several others in the area.

Use this site often for new listings, search and save your favorites and get email updates. Follow us on Google Plus – we will be posting often on  “Good Buys” in Ruidoso Real Estate, along with updates on upcoming events, fun and food.

Home prices in Ruidoso have dropped 10-20% and more, from the highs of 2006. Many of the homes that have been listed for over a year, have been reduced several times – still awaiting an offer. These properties offer opportunities to find a good deal – especially for cash buyers. I have recently sold foreclosures to cash buyers who have bought at price levels that were half of their previous (2006 -2008) highs.

Home sales over the past 6 months in Ruidoso and Alto were good. Buyers are finding deals as some sellers have come to grips with the fact that their homes are not worth as much as they once were. That being said, there are still many sellers who are not desperate to sell, and who will stand their ground if their listing price is reasonable. This is not a market where a buyer can expect to have offers that are 20% below list price to be received with enthusiasm. There is a fine line between negotiating a “good deal” and offending a seller so much that they won’t even counter your offer. Our average selling price is 95-97% of the list price.

These articles at CNBC real estate and CNN Money – Price are Falling- give details on why vacation home markets have been hit hard as mortgage lending has tightened, jobs have been lost, and general economic uncertainty has prevailed. Negative factors in the market provide buying opportunities.

To view properties for sale in the Ruidoso area, use the online search at Ruidoso-homes.com website. You can sign-in for an account and get email updates of new listings and price changes. If you are looking for a foreclosure, or fixer that needs work, contact me. These properties are more difficult to locate in the search process. I usually have access to these properties and will be glad to email you information.

Alto Golf Estates

The ownership of both golf courses by ALG&CC,  presents membership amenities to owners from each area. Property owners who purchase memberships in either ALG&CC, or in Alto Golf Estates, are entitled to use facilities in both, depending upon the level of membership they buy ( Full Golf vs. Social ). This is especially meaningful to golfers who will find tee times available at one of the courses, when the other course is booked or used for annual tournaments.

In addition to two 18 hole golf courses, Alto Golf Estates owners will also have access to Alto Lakes G&CC facilities including the dining, tennis, fitness room and outdoor pool.

The master planned Alto Golf Estates development consists of 186 home sites, designed within the 700 acre subdivision located just east of Alto Lakes Golf & CC.

Lots in the Alto Golf Estates offer views of the nearby Sacramento Mountains including Sierra Blanca Peak to the west, or the Capitan Mountains to the north. Many of the lots are on the Outlaw golf course and provide views of the fairways along with wooded vistas of pinon, juniper and tall ponderosa pine trees.

Lots vary in size from 1 to 4 acres, and prices range from $75,000 and up, as of 11-15-11. View Alto Golf Estates at the Outlaw lots for sale.  Contact me for more information on lots or homes in Alto Golf Estates, and names of builders in the Alto and Ruidoso area.

View photos from Ruidoso area Golf Courses.

Outlaw Golf Estates – Photos

This classy Deer Park Woods home with full golf membership is located close to the Alto Lakes Golf Club house.  With 5 bedrooms (3 on entry level), 4 1/2 baths and 3 living areas, there is room for the whole family!

The large back deck is perfect for entertaining and enjoying the views. A large 1.3 acre lot provides plenty of privacy. Vaulted ceilings and beautiful rock fireplace in living room.  There is a large master suite on main floor. The home has an attached 2 car garage, a  recently added Gerard roof and paved circle drive. This Alto Lakes retreat in the tall pines would make a great vacation home or full time residence. Enjoy golf at Alto Lakes or the new Alto Golf Estates at Outlaw  course

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Cooks will love the roomy kitchen with large island, cherry cabinets, Wolf 6-burner stove, double oven with warming drawer, wine cooler & more.

Hand scraped teak floors throughout.  Outside, relax on a large TREX deck with outdoor kitchen, hot tub, and plenty of room for entertaining. Also included, with a full price offer, is a social membership lot in Alto Lakes Golf & CC. View this lot on Twin Tree Loop.

Property Details

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Two parking areas,  with one providing for level access. Located just east of Whispering Bluff Condominiums.

Near the Links golf course and walking trail.  Lots of wildlife, central location close to schools, shopping, and dining.  Additional parking in front.

Property Details

Property Photos