While inventory remains down 26% from June of 2014, we have experienced an increase in buyer activity and the overall volume of transactions so far in 2015. Now that the summer selling season is actively upon us we will see if the recent trend maintains itself. Historically, Taos has seen the busiest activity from Mid-June through the end of October. May Highlights: In May 2015 we had a total of 22 single family homes sell with an average...
First Quarter 2015 Market Update and Statistics
1st Quarter 2015 – Highlights and Taos Market Summary The Taos Market continues to be challenging but we’re still cautiously optimistic about 2015. Although the average sales price for single family homes (our best market indicator) is down from the 1st quarter last year, the number of sales is up about 47% YAY! Single Family Homes 44 single family homes have sold in the first quarter of 2015 with an average sales price of...
February Market Update End of the Month Highlights
February 2015 and Year-to-Date Analysis: SOLD SINGLE FAMILY HOMES: MLS # Area: Address: 95962 Ranchos De Taos 6 Casias Road 96056 Upper Colonias 18 Upper Colonias Rd. 94241 Town of Taos 107 Adobe Lane 94187 Llano Mesa 1 Pabita Rd. 96262 Canon 653 Don Nicholas 95828 ...
Things Are Looking Up!
THINGS ARE LOOKING UP! After a lackluster 2014 and a slow start to 2015 our market has taken a leap forward. From 2/01/2015 – 2/19/2015 there have been 28 residential listings that have gone under contract – 21 homes and 7 condos. No surprise, 5 of the condos were in TSV. (Closing times in our area average 45-60 days so late March and April should see higher than normal closings). With TSVgeared to spend 350m. in the next few years and...
February Market Update
In the first two weeks of February we have seen 5 single-family homes close in the period of Feb 1st, 2015- Feb 15th, 2015. SOLD SINGLE FAMILY HOMES: MLS # Area: Address: 96056 Upper Colonias 18 Upper Colonias Rd. 94241 Town of Taos 107 Adobe Lane 94187 Lllano Mesa 1 Pabita Rd. 94286 Town of Taos ...
January 2015 Market Summary
A new year and refreshed optimism for the year ahead. Here’s an outline comparing residential sales in January 2015 versus the same period of January 2014. Single Family Homes: In January 2015, there were a total of 15 single family homes sold for a total dollar volume of $3,194,000. The average sales price was $212,993 with a high priced sale of $507,000 and a low sale of $25,000. Average days on market was 255 days. SOLD SINGLE...