Joel K. Schantz, CRB, Qualifying Broker
Taos, New Mexico Real Estate
575.758.1924 or 800.530.8899

Market Trends

SYNOPSIS  | GRAPHS

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    #1 Best of Taos Real Estate Agency

SYNOPSIS of the Taos Market: 2020 1st Half

Note: All of our information is based on the Greater Taos Valley including Taos Ski Valley (excluding Angel Fire, Black Lake, Chama, Velarde and Red River).

Total Market: 

  • Sales volume: UP 7% over 2019 1st 1/2
  • Unit Sales: Down 5% over 2019 1st 1/2

Residential Housing Market: Single Family Homes - Prices down, Units up

  • Average Sales Price: $346,252
    -Down 5% over 20191st 1/2
  • Units sold: 56
    -Up 8% over 2019 1st 1/12
  • Greatest Activity:
    2nd Q saw a 23% increase in activity over the 1st Q in 2020
    Consistency in activity up to $500,000
  • Absorption Rate: (the % of active listings to sold listings by price)
    Average rate is 12 months
    Inventory keeping up with our demand
    >$201,000 - $400,000 = 7
  • Days on Market: 190
  • Luxury Market: upper 10% of the active listings = >$1.2M
    1 Sale, 2 pending

Residential Condominiums:

  • Average sales price: $303,306 
    - UP 13% over 2019 1st 1/2
  • Units sold: 22 
    - Down 45% over 2019 1st 1/2

Land <5 Acres Building Sites:

  • Average Sales Price: $83,272 
    -Down 7% over 2019 1st 1/2
  • Units sold: 38 
    -Down 4% from 2019 1st 1/2
  • Trend: 80% of building sites are purchased as Cash.

Commercial : (much of commercial is done out of the MLS)

  • Units: 2 = commercial condo + LBuilding

 

View Graphs/Charts of Taos Real Estate Market 1st 1/2 of 2020 »