Taos Real Estate Market Data The Year to April 30, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE #Units Sold 90 117 27 30.0% COMPANY SVolume $31,424,400 $53,565,700 $22,141,300 70.5% Real ta Median Price $319,100 $403,000 $83,900 26.3% Average Price $349,200 $457,800 $108,600 31.1% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 160 126 (34) -21.3% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 16 33 17 106.3% SVolume $5,253,600 $9,421,400 $4,167,800 79.3% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $328,400 $285,900 (S42,500) -12.9% Ave. Days on Mkt. 179 238 59 33.0% LAND 2020 2021 Incr (Decr) Change # Units Sold 36 77 41 113.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,125,500 $6,484,700 (S3,640,800) -36.0% Median Price S79,500 $61,500 ($18,000) -22.6% Average Price $281,300 $84,200 ($197,100) -70.1% Ave. Days on Mkt. 425 (75) ates oneae t7 lon -17.6% www.realestatetaos.com 350 The market continues hot! There has been no let-up from last year's surge. Fueled by the work-from-home paradigm that the Covid-19 pandemic created, and by extremely low interest rates, market activity hit a new high gear last year; the momentum continues in 2021. Call me for a free market analysis of the value of your property, and a consultation about the seling proces. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Sales in this segment are also up the same period in 2020. Dollar sales are substantially, despite an even tighter up 71%. Median and average price are up inventory than for Single-Family Homes: 26% and 31%, respectively. The supply of For the first four months, unit sales are up 106%, and dollar sales are up 79%. Condo prices are rising, too, although this is not reflected in year-to-date median and average prices, due to the relatively small number of transactions: a change in the proportion of lower-priced condos can skew the averages. Inventory will remain inadequate again this year, so prices should After years in the doldrums, the land market is finally gaining some momentum. Unit sales through April 2021 are up 114% over the same period in 2020, dollar sales are up 108% (excluding one very high-dollar sale last year of $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 Through April, unit sales are up 30% over homes listed for sale continues to dwindle while buyer demand remains strong. This caused prices to rise sharply last year, and they continue to increase. to move up! 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 05/24/2021. 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 90 117 27 30.0% COMPANY SVolume $31,424,400 $53,565,700 $22,141,300 70.5% Real ta Median Price $319,100 $403,000 $83,900 26.3% Average Price $349,200 $457,800 $108,600 31.1% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 160 126 (34) -21.3% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 16 33 17 106.3% SVolume $5,253,600 $9,421,400 $4,167,800 79.3% Median Price $316,000 $310,000 ($6,000) -1.9% Average Price $328,400 $285,900 (S42,500) -12.9% Ave. Days on Mkt. 179 238 59 33.0% LAND 2020 2021 Incr (Decr) Change # Units Sold 36 77 41 113.9% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,125,500 $6,484,700 (S3,640,800) -36.0% Median Price S79,500 $61,500 ($18,000) -22.6% Average Price $281,300 $84,200 ($197,100) -70.1% Ave. Days on Mkt. 425 (75) ates oneae t7 lon -17.6% www.realestatetaos.com 350 The market continues hot! There has been no let-up from last year's surge. Fueled by the work-from-home paradigm that the Covid-19 pandemic created, and by extremely low interest rates, market activity hit a new high gear last year; the momentum continues in 2021. Call me for a free market analysis of the value of your property, and a consultation about the seling proces. SINGLE-FAMILY HOMES CONDOMINIUMS LAND Sales in this segment are also up the same period in 2020. Dollar sales are substantially, despite an even tighter up 71%. Median and average price are up inventory than for Single-Family Homes: 26% and 31%, respectively. The supply of For the first four months, unit sales are up 106%, and dollar sales are up 79%. Condo prices are rising, too, although this is not reflected in year-to-date median and average prices, due to the relatively small number of transactions: a change in the proportion of lower-priced condos can skew the averages. Inventory will remain inadequate again this year, so prices should After years in the doldrums, the land market is finally gaining some momentum. Unit sales through April 2021 are up 114% over the same period in 2020, dollar sales are up 108% (excluding one very high-dollar sale last year of $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 Through April, unit sales are up 30% over homes listed for sale continues to dwindle while buyer demand remains strong. This caused prices to rise sharply last year, and they continue to increase. to move up! 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 05/24/2021. Data are belieed to be accurate, but are not guaranteed.