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Market Report

SYNOPSIS  | GRAPHS | TRENDS

 

SYNOPSIS OF TAOS MARKET: 2ND QUARTER 2017

(our stats exclude Angel Fire, Black Lake, Chama, Red River, other unless otherwise specified)

High Points: 

  • Total Market Sales Volume is UP +33% over this time in 2016 to $53,984,762
  • Total Market Unit Sales  is UP +25% over this time 2016 to 207 units sold. 
  • Residential Single Family
    • Average Price is UP +7% to $341,486
    • Units Sold UP +33% to 117 sales
    • Sales Volume UP 35%
    • Average Price is UP from the bottom of the market ( 2012) by +28%
    • Average price is still down from the height of the market (2008) by -20%

  • Bank Owned Properties
    • Single digit unit sales for Single Family properties
    • Zero unit sales for Condos
  • Residential Condos/Townhomes
    • Average Price is UP by 1% to $221,595
    • Unit Sales DOWN by 35% to only 20 sales.
    • Lack of inventory is most likely the reason for these figures.
  • Land Sales
    • 80% increase in total unit sales compared to the 1st 1/2 of 2016
    • <5ac parcels
      • 33% increase in unit sales compared to 1st 1/2 of 2016
      • 1% increase in average sales price.
      • **  Still the lowest average in 11 years!
    • <5->10 ac parcels
      • Only 5 sales but nice locations: Gallina Canyon and Canon Foothills
      • Sales ranging from %8,000 - $157,500!
    • >10 ac parcels
      • 13 sales averaging $111,292
  • Commercial
    • Solid listings being sold.  Call office for details.
  • General Market Trends:  
    • Start the year off slow, end the year with 2/3 of all activity.  Stay tuned.

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 (July 21, 2017) »

 

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GRAPHS

Charts:  1st Half 2017

 

 

 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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