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August 2019

 

Do business with the real estate professionals who are doing the business. 

Joel K. Schantz
Owner/Broker, CRB
jschantz@newmex.com   |   (575) 758-1924x501
http://www.SchantzCo.com

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Local market

Synopsis of the Taos Market

June 30, 2019: based on the Greater Taos Valley including Taos Ski Valley, excluding Angel Fire, Black Lake, Chama, Velarde and Red River 

Total Market Sales Volume:
6 % from the same time 6/30/18
On track to meeting 2018 end of year figures.  

Unit Sales:
UP 1% Looking to have less units sold, but projection is hopeful to meet end of 2018 year figures.

Residential:Single Family Homes 
Average Sales Price: $363,480.
Units sold: 110.
On track compared to activity the 1st 1/2 of 2018.
If we had more inventory, we could sell more units.
Median Sales Price: $332,250
Greatest Activity: 77% of the listings sold are between $201,000 - $400,000
DOM averaging 159 % of Original Listing Price
Sold: 96%. The highest we have on record.
Bank Owned Properties: 10 units sold being 10% of our market.
Average Price of bank owned property: $141,439.
This drives up the actual price of a "non-stressed" property to $385,684
Luxury: (top 10% of the active listing market = Sales Record: 1 sale in 2017, 6 sales in 2018. 1 sales YTD
Absorption Rate: (the % of active listings to sold listings by price)
>$0-$401,000 - >$700,000++ = up to 3 years
Residential Condominiums:
Average sales price: $279.319
Units sold: 32. for the 1st half of 2019 (steady activity for the past 5 years)
High sale: $810,000
Median: $305,000
Land:
Building Sites DOM 365 Average
Sales Price: $76,610
Units sold: 45. Good activity in building sites for the last 2 years. Buyers are finding "slim pickings'" in the already built inventory and are turning to building to their needs.
Total Land Size Sale Trends:
Units: Same as 2018 which was +5% over 2017 Units sales have seen a +67% increase since 2014
Commercial: (much of commercial is done out of the MLS)
Units: 6
Average Sales Price: $461,583
DOM: 473
Sales include: 1 Commercial Condo, 2 Land/building combo,
3 Land/Building/Business. Averaging $744,500.
No Business Only units have sold YTD

Our award wiNners

72%  of BHHS Taos Brokers are Awarded Winners for 2018 Accomplishments!!

Las Vegas, NV saw the Berkshire Hathaway HomeServices convention in March.  
It is our Taos agents themselves who make BHHS Taos Real Estate #1 in the Taos real estate market.  Thank you. 

72%  of our agents were awarded winners for 2018 accomplishments at the Berkshire Hathaway HomeSevices National Convention. 

Diane Enright & Brandon Rose Team: Chairman's Circle Platinum

Joel K. Schantz, Yvonne Lewis &
Kristine Wood Team:
Chairman's Circle Gold

Dawn Grainger & Rachel Singer Team:
President's Circle

Liz Jamison:
President's Circle

Rick Reaves:
Honor Society

Award Tid-Bits:
Of the 48,483 agents in BHHS national network those who achieve
Chairman's Circle Platinum is 1%
Chairman's Circle Gold is 2%
President's Circle is 4%
Honor Society is 13%
For our local brokers, it is a fine achievement to acquire this level of gross commission income.
With attending convention, the networking of other brokers makes us realize that Taos can play in the big arena, too.

photo: Kristine Wood accepts the Chairman's Circle Gold Award from Chris Stuart, CEO Berkshire Hathaway HomeServices.  

HOME IMPROVEMENT ADVICE

How to Create a Luxury Bath

According to Kitchen and Bath Business, homeowners have higher expectations for their bathrooms than ever before. They want a luxurious, spa-like space like the wealthiest mansion-dwellers enjoy.

So what are the secrets to achieving a luxurious bath? Consider the following concepts:

Space: Getting ready for the day or night out is done in one large room, with adjoining closets and separate sectors for bathing, grooming and dressing.

Privacy: A master bath should be inaccessible to any other rooms besides the master bedroom. Separate “his and her” water closets, along with separate dressing areas, help keep the marital romance alive.

Serenity: You’ll find most luxury baths in Houzz.com, Pinterest.com, or upper echelon magazines are done in soothing colors, like gentle shades of water.

Task lighting: The lighting in luxury baths is designed to enhance the task at hand, like shaving, avoid glare and flatter skin tones.

Quality: Wealthy people choose designs that stand the test of time including high-quality metal fixtures, solid-core doors, and fine wood, stone, and tile.

The future: Many luxury baths have features with a secondary purpose. Wider doorways, levers instead of knobs, zero-step showers, and textured flooring look great but also allow homeowners to gracefully age in place. 

Remodeling isn’t practical for everyone, but you can incorporate some ideas for your bath that will help you enjoy it more. Meanwhile, buy yourself some fluffy new bathsheets, light the candles and dim the lights for a long soak in the tub. You’ll feel like a million.

HOME IMPROVEMENT ADVICE

You’ll Be Glad You Measured First

How far from the dining room table should your chandelier hang? How tall should your kitchen countertops be? You’ll have to measure, so that your selections work for your family’s needs and are in proportion to everything else in the room.

Chandeliers – According to The Spruce, you should “add the dimensions of the room together in feet and then convert the answer to inches. A room that measures 10' x 14' can handle a chandelier 24" in diameter. Wolberg.com suggests hanging a chandelier approximately 30 to 34 inches over the dining room table with an eight-foot ceiling height. If your ceiling is taller, mount the chandelier an additional three inches higher for each foot of ceiling.

Shower headsHunker.com advises that a typical shower head should be approximately 80 inches above the floor, about 6”8” inches.  You can extend or shorten the neck to accommodate taller or shorter users or install a hand shower that everyone can use.

Kitchen countertops - Thoughtco.com says that the accepted standard is about 36 inches from the cabinet top to the floor for consumers between 5’3” to 5”8” or average height. If your family must stoop or bend to perform tasks in the kitchen, then workspaces should be about 42 inches. BobVila.com recommends countertops between 28 to 34 inches for those with disabilities. 

Taking the time to measure will prevent future headaches, allowing you decorate and design your home with much better results.

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

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