Taos Real Estate Market Data Full Year January - December 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 271 335 64 23.6% COMPANY SVolume S101,099,700 $130,688,900 $29,589,200 29.3% Reul ta Median Price $322,500 $344,000 $21,500 6.7% Average Price $373,100 $390,100 $17,000 4.6% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 151 156 3.3% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 79 72 (7) -8.9% SVolume $20,997,000 $21,228,400 $231,400 1.1% Median Price $230,000 $288,500 $58,500 25.4% Average Price $265,800 $294,800 $29,000 10.9% Ave. Days on Mkt. 178 113 (65) -36.5% LAND 2019 2020 Incr (Decr) Change # Units Sold 155 144 (11) -7.1% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $13,568,200 $19,540,700 $5,972,500 44.0% Median Price $67,200 $70,300 $3,100 4.6% Average Price $87,500 $135,700* $48,200 55.1% Ave. Days on Mkt. 332 144 des e se motedat www.realestatetaos.com 476 43.4% The pandemic in 2020 added an incremental wave of buyers to a market that had been steadily gaining momentum for the past several years. The market is expected to remain strong in 2021. 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 Demand has also increased. The lack Unit sales finished the year down 7% from Sales of single-family homes-by far the biggest segment of the market-were up in every month this year except January homes, and this was a limiting factor on and May compared to the same month in 2019. Unit sales for the year were 24% above last year's pace; dollar sales were 29% above. The supply of homes listed for sale is nowhere near adequate for buyer demand, which spiked this year due to the Covid-19 pandemic. Prices are rising at an of inventory is even more acute than for 2019. The land market hasn't recovered from sales: unit sales for the year were down 9% from 2019. Prices are rising in this market segment, too. Median and average prices were up 25% and 11%, respectively. As a result, total dollar sales were only 1% below last year even with unit volume down 9%. therealestaterecessionthe waythe residential market has. The cost to buy land and build a home has for years been substantially greater than the price of an existing home. Covid-19 has had a major impact on supply chains, causing bulding costs to jump even more. However, with residential inventory very limited, some buyers will opt to buy land and build. Recently, there has been an increase in the number of pending land sales. We expect 2021 sales to be up. 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 01/07/2021. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data Full Year January - December 2020 SINGLE-FAMILY HOMES 2019 2020 Incr (Decr) Change LORA THE # Units Sold 271 335 64 23.6% COMPANY SVolume S101,099,700 $130,688,900 $29,589,200 29.3% Reul ta Median Price $322,500 $344,000 $21,500 6.7% Average Price $373,100 $390,100 $17,000 4.6% TAOS REALESTATË BY THE NUMBERS Ave. Days on Mkt. 151 156 3.3% CONDOMINIUMS 2019 2020 Incr (Decr) Change # Units Sold 79 72 (7) -8.9% SVolume $20,997,000 $21,228,400 $231,400 1.1% Median Price $230,000 $288,500 $58,500 25.4% Average Price $265,800 $294,800 $29,000 10.9% Ave. Days on Mkt. 178 113 (65) -36.5% LAND 2019 2020 Incr (Decr) Change # Units Sold 155 144 (11) -7.1% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraca.com License #17543 SVolume $13,568,200 $19,540,700 $5,972,500 44.0% Median Price $67,200 $70,300 $3,100 4.6% Average Price $87,500 $135,700* $48,200 55.1% Ave. Days on Mkt. 332 144 des e se motedat www.realestatetaos.com 476 43.4% The pandemic in 2020 added an incremental wave of buyers to a market that had been steadily gaining momentum for the past several years. The market is expected to remain strong in 2021. 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 Demand has also increased. The lack Unit sales finished the year down 7% from Sales of single-family homes-by far the biggest segment of the market-were up in every month this year except January homes, and this was a limiting factor on and May compared to the same month in 2019. Unit sales for the year were 24% above last year's pace; dollar sales were 29% above. The supply of homes listed for sale is nowhere near adequate for buyer demand, which spiked this year due to the Covid-19 pandemic. Prices are rising at an of inventory is even more acute than for 2019. The land market hasn't recovered from sales: unit sales for the year were down 9% from 2019. Prices are rising in this market segment, too. Median and average prices were up 25% and 11%, respectively. As a result, total dollar sales were only 1% below last year even with unit volume down 9%. therealestaterecessionthe waythe residential market has. The cost to buy land and build a home has for years been substantially greater than the price of an existing home. Covid-19 has had a major impact on supply chains, causing bulding costs to jump even more. However, with residential inventory very limited, some buyers will opt to buy land and build. Recently, there has been an increase in the number of pending land sales. We expect 2021 sales to be up. 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 01/07/2021. Data are believed to be accurate, but are not guaranteed.