2016 vs 2015 YTD :: 3-month Snapshot
As we come out of the sleepy winter market season, this 3-month Local Real Estate Market Stats snapshot report shows continued stability in activity and sales in most local markets, with level to moderate increases, or even significant increases in some areas. As we enter the primary sales season for our local markets of mid spring through mid to late fall it is anticipated that the market will continue to show growth and improvement from previous years.
2016 vs 2015 YTD :: 6-month Snapshot
As we progress through the active summer selling season, this 6-month Local Real Estate Market Stats Snapshot report shows significantly slower market conditions in the Taos area for single family detached homes, but significantly higher demand for condominiums in the Taos area, and very strong sales activity in the Angel Fire area for both detached homes and condominiums. As we continue through the primary sales season for our local markets of mid spring through mid to late fall it is anticipated that the market will continue to show growth and improvement from previous years.
2016 vs 2015 YTD :: 9-month Snapshot
As we head into Fall, this 9-month Local Real Estate Market Stats Snapshot report shows single family home sales up in Angel Fire, but down in Taos and Red River. Condominium sales however, were above last year’s sales in Taos, Angel Fire, and Red River. It is anticipated that local market conditions will remain constant through the end of the year.
2016 vs 2015 YTD :: 12-month Snapshot
Closing out 2016, this 12-month Local Real Estate Market Stats Snapshot report shows single family home sales significantly up (46.4%) in Angel Fire, holding steady in Taos, and down somewhat in Red River. Condominium sales on the other hand saw fairly significant increases in sales volumes in all 3 of these markets; Angel Fire saw a 31.6% increase in condo units sold, while Taos saw a 22.2% increase, and Red River saw an explosive 57.1% increase.
As we start the new year activity is up in our normally slow winter months. This is probably due to several circumstances; the end of a contentious election cycle with a promise of progressive change on the horizon while also moving into a “stable” political climate for the next 3-4 years; home prices beginning to show appreciation again as we climb out of past recessive market conditions; and mortgage interest rates beginning to climb inciting buyers to take action now while rates, though rising, are still very attractive.
The Taos County Association of REALTORS® (TCAR) serves all of Taos County and western Colfax County, including our primary markets of Taos, Angel Fire, Taos Ski Valley, and Red River. For more information about the TCAR, visit their website at http://TaosCountyAssociationofRealtors.com/. For any questions regarding this report, contact the TCAR office at 1210 Salazar Rd, Suite H, Taos, NM 87571 – (575) 758-7411.
