Taos Real Estate Market Data The Year to April 30, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE #Units Sold 90 115 25 27.8% COMPANY SVolume $31,424,400 $52,968,700 $21,544,300 68.6% Reul ta Median Price $319,100 $405,000 S85,900 26.9% Average Price $349,200 $460,600 $111,400 31.9% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 160 125 (35) -21.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 16 30 14 87.5% SVolume $5,253,600 $8,771,400 $3,517,800 67.0% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $328,400 $292,400 (S36,000) -11.0% Ave. Days on Mkt. 179 255 76 42.5% LAND 2020 2021 Incr (Decr) Change # Units Sold 36 73 37 102.8% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,125,500 $5,909,200 ($4,216,300) -41.6% Median Price $79,500 S63,000 ($16,500) -20.8% Average Price $281,300 S80,900 ($200,400) -71.2% Ave. Days on Mkt. 425 (81) ates one sa t7 on -19.1% www.realestatetaos.com 344 The market remains hot! The Covid-19 pandemic in 2020 added an extra layer of buyers to a market that has been steadily gaining momentum since 2015. Market activity hit a new high gear last year, and the momentum continues 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 Through April, unit sales are up 28% over Sales in this segment are also up the same period in 2020. Dollar sales are substantially, despite an even tighter up 69%. Median and average price are up inventory than for Single-Family Homes: 27% and 32%, respectively. The supply of For the first four months, unit sales are up 88% and dolar sales are up 67%. Condo prices are rising, too, although this After years in the doldrums, the land market is finally gaining some momentum. Unit sales through April 2021 are up 103% over the same period in 2020; dollar sales are up 89% (excluding one sale last year of homes listed for sale continues to dwindle while buyer demand, which spiked last year due to the pandemic, remains strong. This CaLused prices to rise sharply last year, and and average prices, due to the relatively they continue to increase. $7 milion). With the severe lack of existing homes for sale, more buyers are deciding to buy land and build. Prices have not yet risen the way they have for residential properties, but they are starting to move up! is not reflected in year-to-date median small number of transactions. Inventory will remain inadequate again this year, so prices 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 05/03/2021. Data are belieed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to April 30, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE #Units Sold 90 115 25 27.8% COMPANY SVolume $31,424,400 $52,968,700 $21,544,300 68.6% Reul ta Median Price $319,100 $405,000 S85,900 26.9% Average Price $349,200 $460,600 $111,400 31.9% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 160 125 (35) -21.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 16 30 14 87.5% SVolume $5,253,600 $8,771,400 $3,517,800 67.0% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $328,400 $292,400 (S36,000) -11.0% Ave. Days on Mkt. 179 255 76 42.5% LAND 2020 2021 Incr (Decr) Change # Units Sold 36 73 37 102.8% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,125,500 $5,909,200 ($4,216,300) -41.6% Median Price $79,500 S63,000 ($16,500) -20.8% Average Price $281,300 S80,900 ($200,400) -71.2% Ave. Days on Mkt. 425 (81) ates one sa t7 on -19.1% www.realestatetaos.com 344 The market remains hot! The Covid-19 pandemic in 2020 added an extra layer of buyers to a market that has been steadily gaining momentum since 2015. Market activity hit a new high gear last year, and the momentum continues 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 Through April, unit sales are up 28% over Sales in this segment are also up the same period in 2020. Dollar sales are substantially, despite an even tighter up 69%. Median and average price are up inventory than for Single-Family Homes: 27% and 32%, respectively. The supply of For the first four months, unit sales are up 88% and dolar sales are up 67%. Condo prices are rising, too, although this After years in the doldrums, the land market is finally gaining some momentum. Unit sales through April 2021 are up 103% over the same period in 2020; dollar sales are up 89% (excluding one sale last year of homes listed for sale continues to dwindle while buyer demand, which spiked last year due to the pandemic, remains strong. This CaLused prices to rise sharply last year, and and average prices, due to the relatively they continue to increase. $7 milion). With the severe lack of existing homes for sale, more buyers are deciding to buy land and build. Prices have not yet risen the way they have for residential properties, but they are starting to move up! is not reflected in year-to-date median small number of transactions. Inventory will remain inadequate again this year, so prices 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 05/03/2021. Data are belieed to be accurate, but are not guaranteed.