It’s too early in the year to discern any trends in the Taos real estate market. Logic would suggest that the Covid-19 pandemic will have a negative effect on the market. The impact on the US economy will be severe, and this will dampen demand for vacation and second homes in the short term. However, in the long run, the pandemic may actually increase demand, as people seek a good place to escape to should another pandemic or other emergency arise.
Note: The data in The Lora Company report do not include Angel Fire, Eagle Nest, Red River and other areas that are in the Taos County Association of Realtors MLS, but that we don’t consider part of the main Taos market. For the first month of the new year: Total market (all categories of property)…
Note: The data in The Lora Company report do not include Angel Fire, Eagle Nest, Red River and other areas that are in the Taos County Association of Realtors MLS, but that we don’t consider part of the main Taos market. Here is a comparison of 2019 vs. 2018 for the twelve months: Total market…
The market trend of this year continues with Single-family Home sales –the largest component of the total market–lagging last year’s pace due to inventory constraints. Condo and land sales are both up. Commercial unit sales are slightly down but dollar sales are up substantially.
Note: The data in The Lora Company report do not include Angel Fire, Eagle Nest, Red River and other areas that are in the Taos County Association of Realtors MLS, but that we don’t consider part of the main Taos market. Here is a comparison of 2019 vs. 2018 for the ten months ending October…