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    June 9, 2021
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Taos Real Estate Market Data The Year to May 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE #Units Sold 103 141 38 36.9% COMPANY SVolume $35,085,900 S64,979,800 $29,893,900 85.2% Real ta Median Price S317,000 $400,000 $83,000 26.2% Average Price $340,000 $460,800 $120,200 35.3% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 175 128 (47) -26.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 19 37 18 94.7% SVolume $5,787,600 $11,021,900 $5,234,300 90.4% Median Price $240,000 $315,000 $75,000 31.3% Average Price $304,600 $397,900 $93,300 30.6% Ave. Days on Mkt. 154 233 69 44.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 44 100 56 127.3% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,563,500 $10,494,000 (S69,500) -0.7% Median Price S70,000 $64,000 ($6,000) -8.6% Average Price $240,100" $104,900 ($35,200) -56.3% Ave. Days on Mkt. 394 (69) tes one sale tillen www.realestatetaos.com 325 -17.5% May 2021 was up huge over May of last year, but last year the market swooned for a couple of months as the Covid pandemic exploded, and travel was restricted. Once travel restrictions were eased, the market took off, and there has been no let-up from last year's surge. Fueled by the work-from-home paradigm that the pandemic created, and by extremely low interest rates, the market - especialy for single-family homes-remains hot! Call me for a free market analysis of the value of your property, and a consultation about the selling process. CONDOMINIUMS LAND SINGLE-FAMILY HOMES Through May, unit sales are up 37% over the Sales in this segment are also up same period in 2020. Dollar sales are up substantially, despite an even tighter 85%. Median and average price are up 26% inventory than for single-tamily homes: For and 35%, respectively. The supply of homes the first five months, unit sales are up 95%, isted for sale remains very inadequate for the demand. This caused prices to rise After years in the doldrums, the land market is finally gaining some momentum. Unit sales through May 2021 are up 127% over the same period in 2020; dollar sales are up 194% (excluding one unusual 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 and dollar sales are up 90%. Condo prices are rising sharply, to0. Median and average prices are up 31% and 31%, respectively. sharply last year, and they continue to increase. We are seeing "bidding wars", and As with homes, the ongoing lack of inventory homes seling above asking price. Atractive means prices should continue to rise. homes are going under contract very fast. to move up! 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 Tacs MLS that are not considered part of the main Taos market. Based on data from the Tacs County Assn. Realtors MLS as of June 7, 2021. Data are believed to be accurate, but are not guaranteed. Taos Real Estate Market Data The Year to May 31, 2021 SINGLE-FAMILY HOMES 2020 2021 Incr (Decr) Change LORA THE #Units Sold 103 141 38 36.9% COMPANY SVolume $35,085,900 S64,979,800 $29,893,900 85.2% Real ta Median Price S317,000 $400,000 $83,000 26.2% Average Price $340,000 $460,800 $120,200 35.3% TAOS REAL ESTATË BY THE NUMBERS Ave. Days on Mkt. 175 128 (47) -26.9% CONDOMINIUMS 2020 2021 Incr (Decr) Change #Units Sold 19 37 18 94.7% SVolume $5,787,600 $11,021,900 $5,234,300 90.4% Median Price $240,000 $315,000 $75,000 31.3% Average Price $304,600 $397,900 $93,300 30.6% Ave. Days on Mkt. 154 233 69 44.8% LAND 2020 2021 Incr (Decr) Change # Units Sold 44 100 56 127.3% Peter A. Lora 225 Kit Corson Rood 575-758-3275 peter@theloraco.com License #17543 SVolume $10,563,500 $10,494,000 (S69,500) -0.7% Median Price S70,000 $64,000 ($6,000) -8.6% Average Price $240,100" $104,900 ($35,200) -56.3% Ave. Days on Mkt. 394 (69) tes one sale tillen www.realestatetaos.com 325 -17.5% May 2021 was up huge over May of last year, but last year the market swooned for a couple of months as the Covid pandemic exploded, and travel was restricted. Once travel restrictions were eased, the market took off, and there has been no let-up from last year's surge. Fueled by the work-from-home paradigm that the pandemic created, and by extremely low interest rates, the market - especialy for single-family homes-remains hot! Call me for a free market analysis of the value of your property, and a consultation about the selling process. CONDOMINIUMS LAND SINGLE-FAMILY HOMES Through May, unit sales are up 37% over the Sales in this segment are also up same period in 2020. Dollar sales are up substantially, despite an even tighter 85%. Median and average price are up 26% inventory than for single-tamily homes: For and 35%, respectively. The supply of homes the first five months, unit sales are up 95%, isted for sale remains very inadequate for the demand. This caused prices to rise After years in the doldrums, the land market is finally gaining some momentum. Unit sales through May 2021 are up 127% over the same period in 2020; dollar sales are up 194% (excluding one unusual 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 and dollar sales are up 90%. Condo prices are rising sharply, to0. Median and average prices are up 31% and 31%, respectively. sharply last year, and they continue to increase. We are seeing "bidding wars", and As with homes, the ongoing lack of inventory homes seling above asking price. Atractive means prices should continue to rise. homes are going under contract very fast. to move up! 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 Tacs MLS that are not considered part of the main Taos market. Based on data from the Tacs County Assn. Realtors MLS as of June 7, 2021. Data are believed to be accurate, but are not guaranteed.