Taos Real Estate Market Data The Year to Sept. 30, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 190 232 42 22.1% SVolume S66,673,800 $17,027,400 25.5% COMPANY Reul ta $83,701,200 Median Price $330,500 $320,000 ($10,500) -3.2% Average Price $350,900 $360,800 $9,900 2.8% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 151 154 3 2.0% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 53 50 (3) -5.7% SVolume $14,740,000 $15,406,900 $666,900 4.5% Median Price $240,000 $33,300 $63,300 26.4% Average Price $278,100 $308,100 30,000 10.8% Ave. Days on Mkt. 180 113 (67) -37.2% LAND 2019 2020 Incr (Decr) Change # Units Sold 115 105 (10) -8.7% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $9,400,800 $16,084,500 $6,683,700 71.1% Median Price $67,200 $70,000 $2,800 4.2% Average Price $81,700 $153,200* $71,500 87.5% Ave. Days on Mkt. 363 74 d ee motat www.realestatetaos.com 437 20.4% The 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. CONDOMINIUMS SINGLE-FAMILY HOMES LAND After a drop in the spring due to the onset | Condo unit sales year-to-date are 6% below of the Covid-19 pandemic, single-family last year's total. Buyer interest in condos home sales have surged during the past had not rebounded from the 2008 firancial four months. Qumulative unit sales through crisis the way it had for single-family homes; nine months are now 22% above last year's but lately that has changed, as people Land unit sales are lagging last year by 9%. The land market hasn't recovered from the real estate recession ike the residential market has. The cost to buy land and build has for years been substantialy greater than the price danexisting home; Covid-19 has had amajor pace. The market is hot! The number of properties going under contract has jumped Covid-19 are considering condos as well as to levels not seen before. Unfortunately, the homes. The lack of inventory of condos is inventory of homes Isted for sale is not keeping up with the burgeoning demand. Prices are rising at an accelerated rate as demand way enceeds supply. seeking a refuge from emergencies such as impact on supply chains, causing costs to jump more. However, with residential inventory very imited, some buyers may opt to buy land and buid. Recenty, there has been a marked increase in the number of pending sales; if these contracts all do0e, the year-end tally of land sales may exceed 2019s even more acute than for homes, so sales are less than they would be if there were more condos available for purchase. Prices are rising rapidly in this market segment, to. 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 10/19/2020. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to Sept. 30, 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 190 232 42 22.1% SVolume S66,673,800 $17,027,400 25.5% COMPANY Reul ta $83,701,200 Median Price $330,500 $320,000 ($10,500) -3.2% Average Price $350,900 $360,800 $9,900 2.8% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 151 154 3 2.0% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 53 50 (3) -5.7% SVolume $14,740,000 $15,406,900 $666,900 4.5% Median Price $240,000 $33,300 $63,300 26.4% Average Price $278,100 $308,100 30,000 10.8% Ave. Days on Mkt. 180 113 (67) -37.2% LAND 2019 2020 Incr (Decr) Change # Units Sold 115 105 (10) -8.7% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $9,400,800 $16,084,500 $6,683,700 71.1% Median Price $67,200 $70,000 $2,800 4.2% Average Price $81,700 $153,200* $71,500 87.5% Ave. Days on Mkt. 363 74 d ee motat www.realestatetaos.com 437 20.4% The 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. CONDOMINIUMS SINGLE-FAMILY HOMES LAND After a drop in the spring due to the onset | Condo unit sales year-to-date are 6% below of the Covid-19 pandemic, single-family last year's total. Buyer interest in condos home sales have surged during the past had not rebounded from the 2008 firancial four months. Qumulative unit sales through crisis the way it had for single-family homes; nine months are now 22% above last year's but lately that has changed, as people Land unit sales are lagging last year by 9%. The land market hasn't recovered from the real estate recession ike the residential market has. The cost to buy land and build has for years been substantialy greater than the price danexisting home; Covid-19 has had amajor pace. The market is hot! The number of properties going under contract has jumped Covid-19 are considering condos as well as to levels not seen before. Unfortunately, the homes. The lack of inventory of condos is inventory of homes Isted for sale is not keeping up with the burgeoning demand. Prices are rising at an accelerated rate as demand way enceeds supply. seeking a refuge from emergencies such as impact on supply chains, causing costs to jump more. However, with residential inventory very imited, some buyers may opt to buy land and buid. Recenty, there has been a marked increase in the number of pending sales; if these contracts all do0e, the year-end tally of land sales may exceed 2019s even more acute than for homes, so sales are less than they would be if there were more condos available for purchase. Prices are rising rapidly in this market segment, to. 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 10/19/2020. Data are believed to be accurate, but are not guaranteed.