Your Go-To Resource for Taos, New Mexico Real Estate

With over 40 years of real estate and land surveying experience, Joel K. Schantz, CRB has unparalleled knowledge of the Taos Real Estate market. With his finger on the pulse of local real estate supply and demand, Joel offers an invaluable edge to both Buyers and Sellers.

From first homes to luxury homes and investment properties to commercial real estate, Joel Schantz  and his Team have the expertise to help you achieve your lifestyle needs and negotiate the best deal possible. Contact Joel today at 800.530.8899 ext 501, 575.770.6258 or jschantz@newmex.com.

Buying & Selling Taos Homes

Looking for that ideal property?  Whether you're searching as a first time home buyer or a second home, downsizing or upgrading, we will can help you find the perfect Taos home for sale.

When it comes to selling Taos properties, Joel Schantz and Berkshire Hathaway Taos Real Estate provide unrivaled market exposure for home owners with the marketing and support of the professional brokerage, Berkshire Hathaway HomeServices. Stay in touch with text, email, social media or the old fashioned way of “picking up” the phone and call.  Looking forward to meeting you.

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Taos Real Estate Market Report for 1st 1/2 of 2024

Overall, the market might be starting to adjust.  The volume is down, because the units are down.  Not because the prices have come down....but the buyers have cooled. 

Mortgage rates are still high.  Covid is over. 

The Luxury market has decreased in units sold, being more like the pre-covid Taos norm of 4 -/+ sales per year. 

The remainder of the market is looking at the same old "bell curve".  Prices have again, climbed.  Prices and mortgage rates need to come down to create activity.  

Stats:  

Single Family Average Price:  $596,343.   Up 6%.  

Luxury Sales, above $1M as decreased 100%:  37 active listings over $1M and only 5 sales.  This equates to a 51 month supply

Condominiums Average Price:  $458,632

Land, Building Sites:  Average Sales Price remains @ $103,013

Total Land Sales have seen an 82% increase over this time last year.

Commercial Sales:  4 Units.  LB and LBB averaging $1,250,000

Multi-Family Stats: Surprised activity with 8 sales in 6 months.

Total Market:  Units Sold has dropped by -13%.  Sales Volume has dropped -6%.  

Charts are available on request.  Call our Team:  Joel Schantz, Yvonne Lewis, Kristine Wood and Julie Bevill