Taos Real Estate Market Data The Year to June 30, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units 123 127 4 3.3% COMPANY Rel ta SVolume $42,721,400 $43,060,900 339,500 0.8% Median Price $330,000 $315,000 ($15,000) -4.5% Average Price $347,300 $339,100 (8,200) -2.4% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 165 164 (1) -0.6% CONDOMINIUMS 2019 2020 Incr (Decr) Change #Units 32 22 (10) -31.3% SVolume $9,962,500 $6,666,100 ($3,296,400) -33.1% Median Price $305,000 $269,500 ($35,500) -11.6% Average Price $311,300 $303,000 (S8,300) -2.7% Ave. Days on Mkt. 235 (82) -34.9% 153 LAND 2019 2020 Incr (Decr) Change # Units 65 55 (10) -15.4% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $4,965,100 $11,636,400 $6,671,300 134.4% Median Price $51,500 $67,500 $16,000 31.1% Average Price $76,400 $211,600* $135,200 177.0% Ave. Days on Mkt. 391 61 "de ese mott atilo www.realestatetaos.com 452 15.6% In June, single-family home sales bounced back after May's very weak sales due to the Covid-19 pandemic. With June's strong sales, year-to-date unit sales are once again ahead of last year's pace. Condo and land sales continue to lag last year. If June is a good indicator, the demand for homes will remain strong even though the pandemic is stil a problem; however, sales will be limited by lack of inventory. The condo market also has critically low inventory, and unit sales will also be constrained. It is a good time to be selling! Call me for a free market analysis of the value of your home, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Through the first half of the year, unit sales are up by 4 compared to the same period in 2019, with 127 vs. 123 dosed sales (+33%). 32 during the first half of 2019, a decine of Dolar volume is up 0.8%. Year-to-date medan price is down 4.5%, and the average price is down 2.4%. Prioes generaly are back to where they were before the real estate crash of 2008. Prices are continuing to rise, as the inventory of homes avalable for purchase extremely low. Prices have been rising in remains inadequate for the increasing number d buyers. Unit sales for the first six months this year are down by 10 compared to 2019, with 55 vs. 65 tracts sold (-15.4%). Dollar sales are up 134%, but that is due to one sale reported at $7 milion. Medan price is up 31.1%, while average price is up 177%. Excluding the $7 milion sale, dollar volume is down $328,700 (-6.6%); average price is up, but only 12%. The land market hasn't recovered from the recession nearly as much as the residential market. Whereas there is more demand than supply for homes and condos, in the land market the reverse is true. Unit sales so far this year are down by 10 from 2019's pace, at only 22 dosed sales vs. 31.3%. Dolar sales are down 33.1%. Year- to-date median prioe of $269,500 is down 11.6%, and average price of $303,000 is down 27%. Condo inventory is also this market segment, too, while days on the market (the time it takes to sel) has decreased significartly. Read my complete Taos Real Estate Market Report at www.realestatetaos.com NOTE: These data do not include Angel Fire and other areas in the Taos MLS that are not considered part of the main Taos market. Based on data from the Taos County Assn. Realtors MLS as of 07/06/2020. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to June 30, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units 123 127 4 3.3% COMPANY Rel ta SVolume $42,721,400 $43,060,900 339,500 0.8% Median Price $330,000 $315,000 ($15,000) -4.5% Average Price $347,300 $339,100 (8,200) -2.4% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 165 164 (1) -0.6% CONDOMINIUMS 2019 2020 Incr (Decr) Change #Units 32 22 (10) -31.3% SVolume $9,962,500 $6,666,100 ($3,296,400) -33.1% Median Price $305,000 $269,500 ($35,500) -11.6% Average Price $311,300 $303,000 (S8,300) -2.7% Ave. Days on Mkt. 235 (82) -34.9% 153 LAND 2019 2020 Incr (Decr) Change # Units 65 55 (10) -15.4% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $4,965,100 $11,636,400 $6,671,300 134.4% Median Price $51,500 $67,500 $16,000 31.1% Average Price $76,400 $211,600* $135,200 177.0% Ave. Days on Mkt. 391 61 "de ese mott atilo www.realestatetaos.com 452 15.6% In June, single-family home sales bounced back after May's very weak sales due to the Covid-19 pandemic. With June's strong sales, year-to-date unit sales are once again ahead of last year's pace. Condo and land sales continue to lag last year. If June is a good indicator, the demand for homes will remain strong even though the pandemic is stil a problem; however, sales will be limited by lack of inventory. The condo market also has critically low inventory, and unit sales will also be constrained. It is a good time to be selling! Call me for a free market analysis of the value of your home, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Through the first half of the year, unit sales are up by 4 compared to the same period in 2019, with 127 vs. 123 dosed sales (+33%). 32 during the first half of 2019, a decine of Dolar volume is up 0.8%. Year-to-date medan price is down 4.5%, and the average price is down 2.4%. Prioes generaly are back to where they were before the real estate crash of 2008. Prices are continuing to rise, as the inventory of homes avalable for purchase extremely low. Prices have been rising in remains inadequate for the increasing number d buyers. Unit sales for the first six months this year are down by 10 compared to 2019, with 55 vs. 65 tracts sold (-15.4%). Dollar sales are up 134%, but that is due to one sale reported at $7 milion. Medan price is up 31.1%, while average price is up 177%. Excluding the $7 milion sale, dollar volume is down $328,700 (-6.6%); average price is up, but only 12%. The land market hasn't recovered from the recession nearly as much as the residential market. Whereas there is more demand than supply for homes and condos, in the land market the reverse is true. Unit sales so far this year are down by 10 from 2019's pace, at only 22 dosed sales vs. 31.3%. Dolar sales are down 33.1%. Year- to-date median prioe of $269,500 is down 11.6%, and average price of $303,000 is down 27%. Condo inventory is also this market segment, too, while days on the market (the time it takes to sel) has decreased significartly. Read my complete Taos Real Estate Market Report at www.realestatetaos.com NOTE: These data do not include Angel Fire and other areas in the Taos MLS that are not considered part of the main Taos market. Based on data from the Taos County Assn. Realtors MLS as of 07/06/2020. Data are believed to be accurate, but are not guaranteed.