Market Trends

Synopsis for Q1 2023

Residential Single Family: Average Sales Price currently $534,000:

Down: -5% since Q4 2022
Down: -12% compared to Q1 2022

Residential Single Family: 53 units sold in Q1 2023

Down: -69% since Q4 2022
Down: -51% compared to Q1 2022

Condo Prices are up averaging $514,000 due to luxury condos sold in TSV

Building Sites (-5acres) are averaging $105,048

See first 3 charts below for stats supporting 2023 figures.

As a leading Taos Realtor, Joel agrees with the Journal’s advice. Taos is no different when it comes to reasons why you sell and the process of buyers choosing your home. As inventories slow, mortgage rates climb, the Covid “crush” wanes, the Taos market, too, has slowed, becoming more stable in pricing, support industries being more timely in services and we return to a more normal market.

Charts

Q1 2023:
Single Family Residential Average Price
Building Sites Average Sales Price
Condo/Townhomes Average Sales Price

Year end 2022:
Single Family Residential Average Price
Single Family Residential Units Sold
Single Family Residential Units Sold Price Range
Single Family Units Sold Pre-Covid Comparison
Single Family Median Sales Price
Luxury Residential Total Units Sold
Luxury Residential Price Range
Condo/Townhomes Average Sales Price
Condo/Townhomes Units Sold
Building Sites: Less than 5 Acres Units Sold 2022
Building Sites: Less than 5 Acres Average Sales Price
Total Land Sales Units Sold
Commercial Total Units Sold
Total Market Units Sold
Firm Ranking