Taos Real Estate Market Data The Year to March 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 60 84 24 40.0% COMPANY SVolume $21,524,500 $37,470,400 $15,945,900 74.1% Rel t Median Price $325,000 $410,000 $85,000 26.2% Average Price $358,700 $446,100 $87,400 24.4% TAOS REAL ESTATE BY THE NUMBERS Ave. Days on Mkt. 151 121 (30) -19.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 10 27 17 170.0% SVolume $3,372,900 $7,924,400 $4,551,500 134.9% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $337,300 $293,500 (S43,800) -13.0% Ave. Days on Mkt. 250 277 27 10.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 26 50 24 92.3% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $2,557,500 $3,773,600 $1,216,100 47.6% Median Price $82,500 $59,500 ($23,000) -27.9% Average Price S98,400 $75,500 (S22,900) -23.3% Ave. Days on Mkt. 406 389 (17) -4.2% www.realestatetaos.com The market remains hot! The Covid-19 pandemic in 2020 added an extra layer of buyers to a market that had been steadily gaining momentum for the past several years. Market activity hit a higher gear last year, and the momentum continues. 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 quarter of this year, unit Sales in this segment of the market are also sales are up 40% over the same period up substantially, despite an even tighter in 2020. Dolar sales are up 74%. Median inventory than in Single-Family Homes: and average price are up 26% and 24%, For the first three months, unit sales are up 170% and dollar sales are up 135%. Condo prices are rising, too, although this is not refiected in the year-to-date median After years in the doldrums, the land market is finally gaining some momentum. Unit sales through March 2021 are up 92% over the same period in 2020; dollar sales are up 48%. With the severe lack of existing homes for sale, more buyers are deciding to buy land and build. Prices have not yet risen pandemic, remains strong. This caused and average prices, due to the relatively the way they have for residentiel properties, respectively. The supply of homes isted for sale continues to dwindle but buyer demand, which spiked last year due to the prices to rise sharpy last year, and they small number of transactions. Inventory will remain inadequate again this year, so prices but they are starting to move up! continue to increase. 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 04/05/2021. Data are belieed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to March 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE # Units Sold 60 84 24 40.0% COMPANY SVolume $21,524,500 $37,470,400 $15,945,900 74.1% Rel t Median Price $325,000 $410,000 $85,000 26.2% Average Price $358,700 $446,100 $87,400 24.4% TAOS REAL ESTATE BY THE NUMBERS Ave. Days on Mkt. 151 121 (30) -19.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 10 27 17 170.0% SVolume $3,372,900 $7,924,400 $4,551,500 134.9% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $337,300 $293,500 (S43,800) -13.0% Ave. Days on Mkt. 250 277 27 10.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 26 50 24 92.3% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $2,557,500 $3,773,600 $1,216,100 47.6% Median Price $82,500 $59,500 ($23,000) -27.9% Average Price S98,400 $75,500 (S22,900) -23.3% Ave. Days on Mkt. 406 389 (17) -4.2% www.realestatetaos.com The market remains hot! The Covid-19 pandemic in 2020 added an extra layer of buyers to a market that had been steadily gaining momentum for the past several years. Market activity hit a higher gear last year, and the momentum continues. 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 quarter of this year, unit Sales in this segment of the market are also sales are up 40% over the same period up substantially, despite an even tighter in 2020. Dolar sales are up 74%. Median inventory than in Single-Family Homes: and average price are up 26% and 24%, For the first three months, unit sales are up 170% and dollar sales are up 135%. Condo prices are rising, too, although this is not refiected in the year-to-date median After years in the doldrums, the land market is finally gaining some momentum. Unit sales through March 2021 are up 92% over the same period in 2020; dollar sales are up 48%. With the severe lack of existing homes for sale, more buyers are deciding to buy land and build. Prices have not yet risen pandemic, remains strong. This caused and average prices, due to the relatively the way they have for residentiel properties, respectively. The supply of homes isted for sale continues to dwindle but buyer demand, which spiked last year due to the prices to rise sharpy last year, and they small number of transactions. Inventory will remain inadequate again this year, so prices but they are starting to move up! continue to increase. 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 04/05/2021. Data are belieed to be accurate, but are not guaranteed.