The Taos market for single family homes seems to be improving but there is still a lot of inventory for our Buyers to choose from, so we’re seeing properties stay on the market for a long period of time unless they show beautifully, are easy to show, are in good shape, in a good location, and priced very competitively. Buying activity and pending sales have increased and we anticipate as the summer peak season approaches continued activity.
Year-to-date in single family homes we have seen 68 homes sell for an average sale price of $255,364. The total dollar single family home sales volume is $17,364,800. This compares to a total of 57 sales through April in 2014 with an average sales price of $276,149 and a total dollar volume of $15,740,539.
Year to date in condos we have seen 14 sales with an average sales price of $176,392. This compares to 17 sales in 2014. Condos in 2014 were boosted by increased activity in the Taos Ski Valley.
The month of April Highlights: We saw a total of 21 homes sell in April of 2015 versus 22 in April of 2014. While we were down one total sale comparing months the market activity in both the number of showings and neogitated contracts or pending sales seems to be increasing. Much of the buying activity remains focused in the under $500,000 price point.