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Market Report

SYNOPSIS  | GRAPHS | TRENDS

 

SYNOPSIS OF TAOS MARKET: 1st Quarter 2017 compared to 1st Quarter 2016

High Points: 

  • Total Taos real estate market has started off the year as the most active 1st 1/4 since 2007. Units sold and Sales Volume are UP +15% over 2016
  • Average price for a single family home is $321,000 remaining constant with 2016.
  • Big increase in activity between $101,000 - $300,000
  • Steady activity between $401,000 - $500,000, but the absorption rate is nearly a year.
  • Bank owned property activity has dropped to 14% of the single family sold market.
  • DOM (Days on Market) is at an all-time low at 200 days.
  • Condo unit sales are down. NEED INVENTORY between $101,000 - $300,000
  • Building sites (<5 acres) units are up, price down averaging $56,800. Inexpensive lots are selling. 86% cash sales. 
     

SYNOPSIS of the Taos Market: Year end 2016 compared to 2015 (12/31/16)

Note: All of our information is based on the Greater Taos Valley including Taos Ski Valley (excluding Angel Fire, Black Lake, Chama and Red River).

Total Market:

  • Sales Volume: DOWN 6%
  • Unit Sales: DOWN 3%
  • Inventory: DOWN 7%
  • Pendings: DOWN 20%

Residential Housing Market: Single Family Homes

  • Average Sales Price is $317,600 with 231 units sold
  • Compare: (charts below)
    • The price is like 2013 and 2010
    • The price is UP 4% over 2015
    • The price is DOWN 29% from the height of the market in 2008
    • The price is UP 19% from the low of the market in 2012
  • Greatest Activity: (charts below)
    • 46% of the listings sold are between $201,000 - $400,000
    • Increase in sales between $701,000 - $800,000
  • Bank Owned Properties: (chart below)
    • 30 units sold with 20% increase over 2015
    • Average sold price was $195,035 (88% increase over the average price in 2015 $103,718)
  • Absorption Rate: The % of inventory (active listings) to sold listings by price. (chart below)
    • <$100,000 has the least amount of inventory with big activity and has only a 2 month housing supply
    • >$201,000 - $500,000 has an average of 8 month inventory
    • >$501,000 days on the market increase with the absorption rate that is nearly 2 years
    • >$801,000: 36 current listings with only 1 sale in 2016

Residential Condominiums: (charts below)

  • Activity has remained steady for the past 3 years.
    • Average sales price is $212,864
    • Units sold : 67
  • Greatest activity is between $200,000 - $300,000
  • Inventory DOWN  

Land <5 acres: Building Sites (charts below)

  • Average DOM (days on market): 456
  • Average sales price is $63,176
    • Lowest price since 2002
  • 268% down from the height of the market in 2006

Statistical Reports - Volume Ranking/Firm Ranking (January 9, 2017) »

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GRAPHS

Charts:  1st Quarter 2017

 Absorption Rate

Comparison 2015 - 2017 SF

Comparison of 1st Qtr Sales

Single Family Units Sales

 

Charts:  2016 Annual

Total Market Units Sold 2000-2016

 Single Family Residential Average Price Sold 1996-2016

Single Family Residential Units Sold 2005-2016

Price Range Single Family Units Sold in Taos MLS 2016

Price Range Comparing 2014 and 2016 Single Family Units Sold in Taos

Single Family Bank Owned Non-Stressed Average Sales Price 2010-2016

Bank Owned Non-Stressed Taos MLS Single Family Units 2010-2016

Percent of the Original Listing Price of Sold Single Family 2004-2016

Single Family Sales 2016 Days on Market 

Single Family Sold 2016 Units Sold

Single Family Residential Sales Volume Sold Market Share 2016

Single Family Residential Units Sold Market Share 2016

Condo/Townhomes Taos MLS Average Sales Price 2002-2016

Condo/Townhomes Taos MLS Units Sold 2002-2016

Foreclosure Non-Stressed Condos Average Sales Price 2011-2016

Foreclosure Non-Stressed Condos units 2011-2016

Market Share Condominiums 2016 Listing and Buyer Units

Taos Residential Units Sold in Taos MLS 2001-2016

Building Sites Less than 5 Acres Units Sold thru 2016

Building Sites Less than 5 Acres Average Sales Price thru 2016

Land Parcels Units Sold 2016

Land Parcels Average Sales Price 2016

Total Land Sales Units 2016

Commercial Total Units 2002-2016

Market Share Total Sales Volume in MLS 2016

 

 

 

 



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