Chama, NM Foreclosures
How much do homes sell for in Chama, NM?
The average home price is currently $321,186.
In Chama, NM, how many homes are available?
There are currently 1 active home listings available in Chama.
What’s the average rental cost in Chama, NM?
The average rental price in Chama is $1,103.
What is the most expensive home in Chama?
The most expensive home sold in Chama had a price of $5,499,000.
What is currently the cheapest priced home in Chama, NM?
The cheapest home for sale in Chama is priced at $43,500.
Living in Chama, NM
Chama, NM is a charming small village located in the San Juan Mountains, famous for its stunning natural beauty and outdoor recreational activities such as hiking and fishing. With a welcoming community atmosphere and essential amenities, this picturesque location is perfect for those seeking a peaceful, nature-centric lifestyle.
Current Market Conditions in Chama, NM
The real estate market in Chama is currently stable, characterized by a mix of traditional family homes, cabins, and land parcels available for development. The average home price has seen slight increases due to growing interest from people looking to escape urban environments for a more serene lifestyle, especially post-pandemic.
There is an influx of second-home buyers and investors drawn to Chama's scenic views and outdoor activities, which has created an uptick in demand for vacation rentals. As a result, home prices and property values are showing positive growth trends, while inventory remains relatively low, resulting in competitive bidding.
Home Value Estimator For Chama, NM
There are currently 617 real estate properties
in Chama, NM,
with a median automated valuation model (AVM) price
of $273,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Chama, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Chama, NM,
is $321,186.00, with the most expensive house
in Chama, NM, topping out
at $5,499,000.00 and the cheapest home
in Chama, NM,
clocking in at $43,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Chama, NM!
Rent Prices
In Chama, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Chama, NM, is on
a rollercoaster ride. The
average rent price in Chama, NM,
is $1,103.00. Indeed, when looking to rent in
Chama, NM, you can expect to pay as little
as $820.00 or as much
as $1,840.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Chama, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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