Taos Real Estate Market Data The Year to Aug 31, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 165 196 31 18.8% COMPANY SVolume $57,899,100 $68,084,900 $10,185,800 17.6% Reul ta Median Price $331,000 $319,100 ($11,900) -3.6% Average Price $350,900 $347,400 ($3,500) -1.0% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 146 155 9 6.2% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 44 42 (2) -4.5% SVolume $12,794,500 $12,889,100 $94,600 0.7% Median Price $245,100 $300,000 $54,900 22.4% Average Price $290,800 $306,900 16,100 5.5% Ave. Days on Mkt. 194 116 (78) -40.2% LAND 2019 2020 Incr (Decr) Change # Units Sold 100 87 (13) -13.0% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $7,913,300 $14,022,200 $6,393,600 77.2% Median Price $65,100 S65,000 ($100) -0.2% Average Price $79,100 $161,200* $82,100 103.8% Ave. Days on Mkt. 366 443 77 21.0% www.realestatetaos.com The Covid-19 pandemic has added a new wave of buyers to a market that has been steadily gaining momentum for the past several years. Call me for a free market analysis of the value of your property, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Land sales are still lagging last year. The land market hasn't recovered from the real estate recession like the residential market has, However, with After a drop earlier in the year due to the Condo unit sales year-to-date are stil onset of the Covid-19 pandemic, single- 4% below last year's numbers, but they family home sales have surged in the are gaining. The condo market also past three months. Cumulative unit has critically low inventory, and sales sales through eight months are now are therefore less than they could be. 19% above last year's pace. The market is very hot! The number of properties segment, too. going under contract has jumped to levels not seen before. Unfortunately, the inventory of homes listed for sale is not keeping up with the burgeoning demand, so sales are constrained. residential inventory very limited, some buyers may opt to buy land and build. Prices are rising rapidly in this market Prices are rising at an accelerated rate. 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 09/02/2020. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to Aug 31, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 165 196 31 18.8% COMPANY SVolume $57,899,100 $68,084,900 $10,185,800 17.6% Reul ta Median Price $331,000 $319,100 ($11,900) -3.6% Average Price $350,900 $347,400 ($3,500) -1.0% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 146 155 9 6.2% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 44 42 (2) -4.5% SVolume $12,794,500 $12,889,100 $94,600 0.7% Median Price $245,100 $300,000 $54,900 22.4% Average Price $290,800 $306,900 16,100 5.5% Ave. Days on Mkt. 194 116 (78) -40.2% LAND 2019 2020 Incr (Decr) Change # Units Sold 100 87 (13) -13.0% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $7,913,300 $14,022,200 $6,393,600 77.2% Median Price $65,100 S65,000 ($100) -0.2% Average Price $79,100 $161,200* $82,100 103.8% Ave. Days on Mkt. 366 443 77 21.0% www.realestatetaos.com The Covid-19 pandemic has added a new wave of buyers to a market that has been steadily gaining momentum for the past several years. Call me for a free market analysis of the value of your property, and a consultation about the selling process. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Land sales are still lagging last year. The land market hasn't recovered from the real estate recession like the residential market has, However, with After a drop earlier in the year due to the Condo unit sales year-to-date are stil onset of the Covid-19 pandemic, single- 4% below last year's numbers, but they family home sales have surged in the are gaining. The condo market also past three months. Cumulative unit has critically low inventory, and sales sales through eight months are now are therefore less than they could be. 19% above last year's pace. The market is very hot! The number of properties segment, too. going under contract has jumped to levels not seen before. Unfortunately, the inventory of homes listed for sale is not keeping up with the burgeoning demand, so sales are constrained. residential inventory very limited, some buyers may opt to buy land and build. Prices are rising rapidly in this market Prices are rising at an accelerated rate. 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 09/02/2020. Data are believed to be accurate, but are not guaranteed.