Taos Real Estate Market Data The Year to January 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 20 28 8 40.0% COMPANY Reul ta SVolume $6,944,700 $12,731,400 S5,786,700 83.3% Median Price S332,500 $361,000 $28,500 8.6% Average Pricer $347,200 $454,700 $107,500 31.0% TAOS REALESTATE BY THE NUMBERS Ave. Days on Mkt. 147 141 (6) -4.1% CONDOMINIUMS 2020 2021 Incr (Decr) Change # Units Sold 2 250.0% SVolume $688,500 $1,854,800 S1,166,300 169.4% Median Price S344,300 $265,000 (S79,300) -23.0% Average Price $344,300 $265,000 (S79,300) -23.0% Ave. Days on Mkt. 124 92 (32) -25.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 7 10 3 42.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $548,500 $776,000 $227,500 41.5% Median Price 85,000 S62,000 ($23,000) -27.1% Average Price $78,400 S77,600 (S800) -1.0% Ave. Days on Mkt. 701 282 (419) -59.8% www.realestatetaos.com The Covid-19 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 hot in 2021. The year got off to a vigorous start in January. Call me for a free market analysis of the value of your property, and a consultation about the seling process. CONDOMINIUMS LAND SINGLE-FAMILY HOMES Unit sales of single-family homes-by far the | Demand has also increased. Unt sales Unit sales in January 2021 were up 43% over January 2020; dollar sales were up 42%. The land market is starting to pick up biggest segment of the market-were up in were 7 this January vs. 2 last year. The lack of inventory is even more acute than for homes, and this was a limiting factor on sales last year. Imventory will be inadequate January 2021 by 40% over the same month in 2020 (28 vs. 20 dosed sales). Dollar momentum. It hasn't recovered from the sales were 83% more than last January. real estate recession the way the residential again this year. Prices are rising in this market segment, too. Unless more inventory One sale was dose to $2 milion. The market has, but with the severe lack of supply of homes listed for sale romains nowhere near adequate for buyer demand, which spked last year due to the pandemic, and continues strong. Prices are rising at an accelerated rate. existing homes for sale, land sales will continue to gain, as some buyers decide to buy land a build. There is ample inventory, and prices have not risen the way they have for residential properies. comes on the market, 2021 sales will be constrained again. 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 02/22/2021. Data are belieed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to January 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 20 28 8 40.0% COMPANY Reul ta SVolume $6,944,700 $12,731,400 S5,786,700 83.3% Median Price S332,500 $361,000 $28,500 8.6% Average Pricer $347,200 $454,700 $107,500 31.0% TAOS REALESTATE BY THE NUMBERS Ave. Days on Mkt. 147 141 (6) -4.1% CONDOMINIUMS 2020 2021 Incr (Decr) Change # Units Sold 2 250.0% SVolume $688,500 $1,854,800 S1,166,300 169.4% Median Price S344,300 $265,000 (S79,300) -23.0% Average Price $344,300 $265,000 (S79,300) -23.0% Ave. Days on Mkt. 124 92 (32) -25.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 7 10 3 42.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $548,500 $776,000 $227,500 41.5% Median Price 85,000 S62,000 ($23,000) -27.1% Average Price $78,400 S77,600 (S800) -1.0% Ave. Days on Mkt. 701 282 (419) -59.8% www.realestatetaos.com The Covid-19 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 hot in 2021. The year got off to a vigorous start in January. Call me for a free market analysis of the value of your property, and a consultation about the seling process. CONDOMINIUMS LAND SINGLE-FAMILY HOMES Unit sales of single-family homes-by far the | Demand has also increased. Unt sales Unit sales in January 2021 were up 43% over January 2020; dollar sales were up 42%. The land market is starting to pick up biggest segment of the market-were up in were 7 this January vs. 2 last year. The lack of inventory is even more acute than for homes, and this was a limiting factor on sales last year. Imventory will be inadequate January 2021 by 40% over the same month in 2020 (28 vs. 20 dosed sales). Dollar momentum. It hasn't recovered from the sales were 83% more than last January. real estate recession the way the residential again this year. Prices are rising in this market segment, too. Unless more inventory One sale was dose to $2 milion. The market has, but with the severe lack of supply of homes listed for sale romains nowhere near adequate for buyer demand, which spked last year due to the pandemic, and continues strong. Prices are rising at an accelerated rate. existing homes for sale, land sales will continue to gain, as some buyers decide to buy land a build. There is ample inventory, and prices have not risen the way they have for residential properies. comes on the market, 2021 sales will be constrained again. 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 02/22/2021. Data are belieed to be accurate, but are not guaranteed.