Your Go-To Resource for Taos, New Mexico Real Estate
With over 40 years of real estate and land surveying experience, Joel K. Schantz, CRB has unparalleled knowledge of the Taos Real Estate market. With his finger on the pulse of local real estate supply and demand, Joel offers an invaluable edge to both Buyers and Sellers.
From first homes to luxury homes and investment properties to commercial real estate, Joel Schantz and his Team have the expertise to help you achieve your lifestyle needs and negotiate the best deal possible. Contact Joel today at 800.530.8899 ext 501, 575.770.8314 or jschantz@newmex.com.
Buying & Selling Taos Homes
Looking for that ideal property? Whether you're searching as a first time home buyer or a second home, downsizing or upgrading, we will can help you find the perfect Taos home for sale.
When it comes to selling Taos properties, Joel Schantz and Berkshire Hathaway Taos Real Estate provide unrivaled market exposure for home owners with the marketing and support of the professional brokerage, Berkshire Hathaway HomeServices. Stay in touch with text, email, social media or the old fashioned way of “picking up” the phone and call. Looking forward to meeting you.
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Comps 2025: 1/1/25 - 12/31/25
Residential
Single Family Average Price UP: $650,413.
Again, we now have seen the Historic High for the average sales price for a Single Family home, (+5% increase). Mid range properties ($400,000 - $700,000), saw an increase in activity but did not keep the average price from increasing. The median market sales price as $572,000.
Luxury properties ranging $1M - $1.5 was very activie, giving the market the increased average sales price. Looking closer, this price range saw alot of reduction in prices down to selling at 70% of the original listing price. Sellers saw the market decreasing in sales in 2024, therefore listed properties lower than 2024. Buyers saw the inventory of luxury with lower prices, then demanded even lower prices. Result: a Buyers Market with more properties sold giving value to the buyer.
Unit Sales are UP, +15% over 2024 equalling the activity of pre-covid years.
The Absorption Rate
The overall market has a 9.26 month supply of listings. But one needs to take each price range and analyze. Mid ranges of $400,000 - $800,000 have a 5 month supply. Luxury of $1M<-$1.5 have a 11.5 month supply. Luxury of >$1.5M sees the absorption rate ranging from 24 - 60 months.
Condos
Averaging $420,762. A drop in price by -13% compared to 2023, the highest price recorded. Units are down to 49 sales, -12% over 2024 and -87% over 2022 which saw the highest # of units sold at 97.
Land
Building Sites < 5 acres
Average price is showing $125,171, a 9% increase compared to 2024. Again, Taos Ski Valley saw $1M lots sell. The average building site in the Taos general area is $100,000 +/-
Larger Land Parcels
Units are UP from last year, but compared to 2022 historic activity, down -50%
5 COMMERCIAL Land/Building Sales.
2 MULTI-FAMILY (2-8 units) Sales.
Total Market
Sales Volume for Taos Greater Area is UP 9% . (But -30% since the height of 2022 and Covid)
Total Units Sold was down by -8% to 464. (Down by -58% at the height of 2022 and Covid)
Always Worth a Discussion.
Charts and detailed Market synopsis are available under Resources above. Call our Team: Joel Schantz or Yvonne Lewis
