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May 2021

Whether you own a home or are looking to buy or sell call Joel's Team!!
Schantz & Company: Joel K. Schantz, Yvonne Lewis & Kristine Wood 

Berkshire Hathaway HomeServices Taos Real Estate
Joel K. Schantz
Owner/Broker, CRB
(575) 758-1924
jschantz@newmex.com
www.SchantzCo.com

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The Home migration movement

Living Through a Pandemic... 

Living through a pandemic... 
it forced us all to be shut-ins – not by choice, but by necessity. Not surprisingly, fashion styles became more relaxed, orders for online shopping and home deliveries stepped up, and dogs and cats were adopted.
Next came online education and home offices.

The real surprise was a resulting housing boom.

These simultaneous lifestyle changes caused families to crave extra space and re-evaluate their needs, whether it was time for upsize, downsize, relocate or invest in a second home.  These collisions of work, school and life coming together for almost everyone across the country created ….a home migration movement.

Home Prices Surge

Once people determined they could work from anywhere, this set in motion an entirely new mindset for home living.  Commuting was no longer necessary.  People wanted homes with more space or in a more desirable geographic location.

Buyers flooded the market, driving up prices and snatching an already dwindling inventory.

Median sales rose from $266,200 in January 2020 to $313,100 in October 2020 (NAR). ….

It is a seller’s market.

Local real estate trends

1st Quarter Stats

The 1st quarter of 2021 is already behind us and looking at the Taos MLS sales volume and units sold, real estate has remained solid with mortgages rates remaining low in spite of low inventories.

Total Sales Volume 1st Quarter comparisons for years 2002 – 2021.

42% increase in Units Sold
44% increase in Sales Volume

 

Notable Taos stats for the 1st ¼ 2021:

Single Family Residential Sales
Average Sales Price: $465,042 = an increase of +22% from 1st ¼ 2020.
(Up +15% since 12/20)

Unit Sales: 79 homes sold = an increase +29% over 1st ¼ 2020.

Median Price:  $420,000

We have surpassed the historic market peaks of 2005 of unit sales at 61 solds and 2008 with average sales price of $459,000.

Condos: Unit sales up +61%. 
Condo Average Sales Price is down -13% to $299,554

Building Sites: <5acres:  Units are up +44% Average Sales Price down -52%

Statewide stats are different from Taos where we have a second home market (median price in Taos for single family home was $420,000) and due to Covid restrictions, our title companies are unable to turn out binders quickly (DOM in Taos is 124)

BHHS NM Properties convention news

Achievement in Taos Real Estate 

Berkshire Hathaway HomeServices National Convention is always a time to reflect on how small our Taos office has always been, but have been able to take away self achievement awards each year.

This year with the merger with BHHS NM Properties, awards now are in the Elite Circle, rubbing shoulders with the big metro companies across the nation.  This opens up more management and broker opportunities.

Our Taos Real Estate National Award Winners based on gross commission income are:

Chairman’s Circle:
Page Sullivan Group – Diamond Level
Diane Enright/Brandon Rose – Platinum Level 
Joel Schantz & CompanyGold Level & 5 Year TEAM Legend Award

Leading Edge Society: 
John Johnston, Dawn Grainger and Karen Todd

Honor Society:
Liz Jamison and Luisa Guercini.

Berkshire Hathaway HomeServices NM Properties, with 250 Brokers, stretches from Las Cruces to Taos, with Los Lunas, Albuquerque, Rio Rancho, Santa Fe, and Taos inclusive. 
Berkshire Hathaway HomeServices Taos Real Estate came out with special honors statewide along with
Ryan Trujillo as “Rookie of the Year”!

Thanks to our company team Jim Pitts of Berkshire Hathaway HomeServices NM Properties of Albuquerque and Mark Rochester, BHHS Santa Fe. 
As Qualifying Broker of Berkshire Hathaway HomeServices Taos Real Estate, Joel applauds the joint effort to recruit, train, and keep with our years of best practices reputation.

News you should know

New recruits at Berkshire Hathaway Taos Real Estate

Page Sullivan Group: Page Sullivan, Brenda Cordova, David & Yvonne Trujillo, Ryan Trujillo, Steven Vaugh and Victoria Gunn.

Cyndi Gonzalez has returned to Taos joining up with Diane Enright’s Group.

Karen Todd, Keven Chandler and Laine Overley.

Welcome to the Berkshire Hathaway HomeServices Taos Real Estate Family!!

NM Lic #: 8233
314A Paseo Del Pueblo Norte Taos, NM 87571

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