Joel K. Schantz, CRB, Qualifying Broker
Taos, New Mexico Real Estate
800.530.8899

Market Trends

SYNOPSIS  | GRAPHS

 

SYNOPSIS of the Taos Market: 1st Half of 2018

Total Market: (compared to the same period of time 2017)

  • Units UP 5%
  • Sales Volume UP 1%

Residential: Single Family

  • Units DOWN 8%
  • Average Sales Price $341,765 remaining the same from 12/31/17
  • Bank Owned properties averaging $163,083 with activity lessening
  • Absorption Rate is ranging from 3 months to 39 months depending on the price range: Averaging under a year for the active price ranges below $400,000
  • DOM (Days on Market) 162

Residential: Condos

  • Units UP 15%
  • Average Sales Price DOWN 7%

Land: <Land (building site)

  • Units UP 53%
  • Average Sales Price UP 20% to $292,550
  • DOM 109
  • Hot locations: TSV and Town of Taos

Land: <5 acres (building sites)

  • Units UP 24%
  • Average Sales $102,188
  • DOM 352

Land in general has more activity in all parcel sizes and locations. Check with your BHHS agent for specifics.

Commercial Activity

  • Units are up and buildings are moving.
  • DOM 316

 

Taos Real Estate Market is active.
Taos Real Estate is moving in the right direction.

 

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GRAPHS

Charts:  2018 1st Half

Charts:  2017 Annual

 

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