Albuquerque Journal (Albuquerque, NM)

Property Values Rebounding.

Byline: Diana Heil Journal Staff Writer

Fire Had Caused 3% to 11% Decline in Los Alamos Real Estate Prices

The average sale price of single-family homes in Los Alamos County declined anywhere from 3 to 11 percent after May's Cerro Grande Fire, according to a report released Wednesday.

"I definitely would say that's accurate," said Terry Salazar, owner of Los Alamos Pajarito Inc. Realtors. He also is secretary of the Los Alamos Board of Realtors.

Since the end of January, the report indicates, property values are again growing at a pre-fire rate of about 11 percent.

The report from the consulting firm PricewaterhouseCoopers was commissioned by the Federal Emergency Management Agency after the blaze. The report looked at real estate trends from Jan. 1, 1996, through Jan. 31, 2001, for homes not damaged by the blaze.

The evidence suggests property values were hardest hit in Los Alamos' Northern Community and least affected in White Rock. …

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