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 Quarter

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 25% over 2019 Q1
  • Unit Sales: UP 10% over 2019 Q1

Residential Housing Market: Single Family Homes

  • Average Sales Price: $361k
    -UP 14% over 2019 Q1
  • Units sold: 56
    -UP 19% over 2019 Q1
  • Greatest Activity:
    56% of the listings sold are between $301,000-$400,000
  • Absorption Rate: (the % of active listings to sold listings by price)
    >$0-100,000= 30 months
    >$100,001-$500,000 = 8 months
    >$500,001-$600,000 = 20 months
    >$600,001-$700,000 = 10 months
    >$700,001 +++ = average 3+ years
  • Days on Market: 145

Residential Condominiums:

  • Average sales price: $337,290
    - UP 19% over 2019 Q1, highest recorded since 2002
  • Units sold: 10 
    - Same as 2019 Q1
  • Days on Market: 251

Land <5 Acres Building Sites:

  • Average Sales Price: $108, 078
    -UP 9% from 2019 Q1
  • Units sold: 19
    -UP 18% from 2019 Q1
  • Trend: These figures have been bouncing around for the past 5 years

Total Land Size Sale Trends:

  • Units: + 25% over 2018 with 152 land sales
  • Units: +127% since 2014

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

  • Units: 2 = commercial condo + LBuilding

View Graphs/Charts of 2019 Taos Real Estate Market »

View Graphs/Charts of 2020 Q1 Taos Real Estate Market »