Taos Real Estate Market Data The Year to February 28, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 36 54 18 50.0% COMPANY Reul ta SVolume $12,379,500 $23,961,100 $11,581,600 93.6% Median Price $325,000 $402,000 $77,000 23.7% Average Price $343,900 $443,700 $99,800 29.0% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 146 139 (7) -4.8% CONDOMINIUMS 2020 2021 Incr (Decr Change # Units Sold 14 180.0% SVolume $1,940,500 $3,778,900 $1,838,400 94.7% Median Price $331,000 $313,600 ($17,400) -5.3% Average Price $388,100 $269,900 ($118,200) -30.5% Ave. Days on Mkt. 407 435 28 6.9% LAND 2020 2021 Incr (Decr) Change # Units Sold 14 33 19 135.7% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $1,052,000 $2,606,100 $1,554,100 147.7% Median Price $73,800 $63,000 ($10,800) -14.6% Average Price $75,100 $79,000 $3,900 5.2% Ave. Days on Mkt. 582 354 (228) -39.2% 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 got hot last year! 2021 is off to a vigorous start! 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 Through the first two months, unit sales Sales in this segment of the market are of single-family homes-by far the biggest also up, despite an even tighter inventory segment of the market-are up 50% over the same period in 2020 (54 vs. 36 dosed The land market is really heating up! Unit sales through February 2021 are up 136% over the same period in 2020; dollar sales are up 148%. With the severe lack of sales). Dolar sales are up 94%. Median and average price are up 24% and 29%, respectively. The supply of homes listed for sale continues to diminish but buyer small number of transactions. Inventory will than in Single-Family Homes. For the first two months, unit sales are 14 this year vs. 5 last year. Condo prices are rising, too, although this is not reflected in the year-to- date median and average prices, due to the existing homes for sale, some buyers are deciding to buy land a build. The inventory is adequate for the demand, and prices have not yet risen the way they have for residential properties. demand, which spiked last year due to the remain inadequate again this year, so prices pandemic, remains strong. Prices are rising. should continue to rise. 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 03/08/2021. Data are belieed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to February 28, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 36 54 18 50.0% COMPANY Reul ta SVolume $12,379,500 $23,961,100 $11,581,600 93.6% Median Price $325,000 $402,000 $77,000 23.7% Average Price $343,900 $443,700 $99,800 29.0% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 146 139 (7) -4.8% CONDOMINIUMS 2020 2021 Incr (Decr Change # Units Sold 14 180.0% SVolume $1,940,500 $3,778,900 $1,838,400 94.7% Median Price $331,000 $313,600 ($17,400) -5.3% Average Price $388,100 $269,900 ($118,200) -30.5% Ave. Days on Mkt. 407 435 28 6.9% LAND 2020 2021 Incr (Decr) Change # Units Sold 14 33 19 135.7% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $1,052,000 $2,606,100 $1,554,100 147.7% Median Price $73,800 $63,000 ($10,800) -14.6% Average Price $75,100 $79,000 $3,900 5.2% Ave. Days on Mkt. 582 354 (228) -39.2% 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 got hot last year! 2021 is off to a vigorous start! 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 Through the first two months, unit sales Sales in this segment of the market are of single-family homes-by far the biggest also up, despite an even tighter inventory segment of the market-are up 50% over the same period in 2020 (54 vs. 36 dosed The land market is really heating up! Unit sales through February 2021 are up 136% over the same period in 2020; dollar sales are up 148%. With the severe lack of sales). Dolar sales are up 94%. Median and average price are up 24% and 29%, respectively. The supply of homes listed for sale continues to diminish but buyer small number of transactions. Inventory will than in Single-Family Homes. For the first two months, unit sales are 14 this year vs. 5 last year. Condo prices are rising, too, although this is not reflected in the year-to- date median and average prices, due to the existing homes for sale, some buyers are deciding to buy land a build. The inventory is adequate for the demand, and prices have not yet risen the way they have for residential properties. demand, which spiked last year due to the remain inadequate again this year, so prices pandemic, remains strong. Prices are rising. should continue to rise. 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 03/08/2021. Data are belieed to be accurate, but are not guaranteed.