Market Trends

Synopsis for 2023 1/2 year

Single Family Residential:
The frazzled times of the Covid market years have passed. Whew. Currently, the market is steady without too many surprises as properties are listed and sold.

Units are trending down
Average Sales Price is only down by 3% since 12/31/22 now $564,142.
DOM: 129 days
Absorption Rate: 7 months (120 SF homes have sold thru 6/30/23 with an active listing market of 143)
Location Winners: Blueberry Hill averaging $588,000, Lower Colonias @ $431,000, Town of Taos @ $527,000
Big Ticket $$$ Winners: Canon Foothills, Des Montes, and El Salto averaging over $1.1M

Condos:

Increase in price: $398,215 to $414,468
Decrease in units: 23 sold. Absorption rate is 12 months
Town of Taos: 17 units sold, averaging $318,500
TSV average sales price $759,800 (This does not include the Taos Ski Valley Resort luxury condominium sales which are not in the Taos MLS.)

Land <5ac (Building Sites):

With 2022 breaking unit records, 2023 could be following that trend averaging $112,538 for a building site of
Location winners for 2023: Town of Taos $144,000, Lower Colonias @ $44,500 and El Prado @ $141,500
Big Ticket $$$ Winners for 2023: Taos Ski Valley averaging $435,000 and Town of Taos @ $322,000
Location Winners for 2022: Blueberry Hill averaging $93,700 and Town of Taos @ $105,000
Big ticket $$ Winners: Taos Ski Valley averaging $598,000 and Canon Foothills @ $480,000

Total Market Units Sold:

Units: Pre Covid numbers looking like 2018-19
Volume: -54% decrease since the height of the Covid market in 2022.
Volume: +53% increase since the pre-Covid market of early 2020.

Charts

1st Half of 2023:
Single Family Residential Average Price
Single Family Residential Units Sold
Single Family Residential Units Sold - Comparing 2020-2023
Condos/Townhomes Average Price
Condos/Townhomes Units Sold
Building Sites Average Sales Price
Building Sites Units Sold
Total Land Sale Units
Commercial Total Units
Taos Total Market Units Sold
Taos Total Market Sales Volume

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