Click here to view online with images.
 

Winter 2022

What a ride it has been these past 24 months!   

 Comparing the Pre-Covid Single Family Sales of 12/31/2019 to 12/31/2021)

 1) Under $100,000 homes have been priced out of the market. 

2) Up to $300,000 saw 33% less activity.

3) $301,000 - $400,000 remained constant. 

4)  $401,000 - $1M had 105% increase in units sold. 

5)  Over $1M had a total of 19 sales with a 375% increase.

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

Visit me on FacebookVisit me on Instagram

 

The State of the Real Estate Market

by Christy Budnick, CEO, Berkshire Hathaway HomeServices  1/2022

"After an extremely active 20 months across the globe - due largely to buyer-driven relocation moves and an increased focus on the importance of "home" - the good news for buyers is that listing inventory is increasing and average price increases are easing compared to this time last year.  With inventory and days on market expanding slightly, the multi-offer market is also cooling in some areas.  And even with the price gains experienced over this time, affordability remains strong due to wage increases and low mortgage-interest rates.

For sellers, don't expect a market slow down in 2002, and since 40% of domestic homeowners have 50% or more equity in their homes, it is a great time to consider selling.  Buyers are plentiful and with borders opening up between countries, making it easier to purchase real estate, we expect home prices to continue to rise 5-7% in most areas."

...."The supply chains are impacting the market - with labor shortages and building supplies & appliances....the cost to build has increased dramatically....hampering inventory levels..."

..."One by product of the fast-paced market is that buyers are now more flexible about the kind of home they will buy and the area they will buy....expanding their geographic search.."

To read the whole report go to:  BHHS.com   Scroll down to "Berkshire Hathaway HomeServices Real Estate Report" by Christy Budnick

New Listing

Luxury Home on the Rio

Timeless and artfully designed home built to capture the serenity of this picturesque setting. 

This 3 bedroom, 4 bath, 4,000 square foot home offers separate living spaces to relax or entertain. There are so many details in this home to be appreciated:  a state of the art kitchen, a warm cozy fireplace centered livingroom, an elegant dining room with wide French doors over looking the outside beauty.  

This beautiful park-like setting also  features a 665 sqft artist studio or guest house,  with full bath, as well as a 2-car garage with a heated 1250 sqft. attached workshop. 

Wander through the enchanting gardens under the shady cottonwoods on 2.84 acres or sit under one of the patios and listen to the tranquil sound of the river or cascading water features. 

Enjoy the serene ambiance of this private retreat just minutes from Taos Plaza.

Offered $2,400,000  MLS 109201

Taos Real estate market report for 2021

Comparing 2021 to 2020

Total Market:                              Sales Volume increased 37% over 2020, surpassing the record high in 2006.  Units Solds reached 680, a 21% increase over 2020.   

BHHS holds 21.5% of the Sales Volume, and holds 27.5% of the Units sold, 

Residential Sales:  Single Family Historic Units Sales of 319  UP 35%. Historic Average price of $541,211.  UP 38%, pushing each price range upward.

Historic Luxury Unit Sales:  30  Absorption Rate for $1M - $2.5 = 6 months. Luxury Homes over $1M comprised 16% of the active market.

Condos remain constant with 11% increase in Unit sales and sales averaging $355,098, UP21%.  Hot locations are Town of Taos and Taos Ski Valley.

Land:  Building Sites

Total Land Sales, all parcel sizes:  245 Units Sold UP 70% over 2020, breaking the trend for the past 14 years.

Commercial:  MLS shows 8 units sold, Historically, commercial transactions are not reported in the MLS.  Multifamily units sold were 7 properties ranging from 2-10 units.  

Joels Green thumb wisdom

Holiday Spendor

Pointsettias are the Hoilday's most show-off plant.  Hopefully, you are still enjoying the colorful leaves, but now what?

If the leaves are falling, the plant needs more sun.  And always give it water to maintain a moist pot...not too much, never dry out.

The beauty in our solar room will be colorful for another several months.

If you can, plan on making the plant grow throughout the year for next December's show.  Trim back some of the leaves, summer outside.

Next fall, bring it inside in warmer climate and water, fertilize.  A very rewarding task to watch the leaves turn for your Holiday decor next winter.

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

©2022 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity.