Joel K. Schantz, CRB, QB, NMLS, Qualifying Broker
Schantz & Company
Taos, New Mexico Real Estate
575.758.1924 ext 501 or 503

Resources

HELPFUL INFORMATION

Planning Guide: Real Estate and Lifestyle Planning Guide

Mortgage calculator:  Calculators & Resources

Buyers Guide: Property Finding Guide

Sellers Guide: Property Selling Proposal

Real Estate Staging: www.RealEstateStagingAssociation.com

Free CMA (Comparative Market Analysis)

Luxury Collection: Listing Presentation

YEAR END 2024  CHARTS
Single Family Residential Average Price
Single Family Residential Units Sold
Single Family Residential Units Sold Price Range
Luxury Residential Price Range
Condo/Townhomes Average Sales Price
Condo/Townhomes Units Sold
Building Sites: Less than 5 Acres Average Sales Price
Building Sites: Less than 5 Acres Units Sold 2022
Multi-Family Total Units Sold
Commercial Total Units Sold
Total Market Sales Volume
Total Market Units Sold

Comps Q1 2025 SYNOPSIS

Figures are from the Enchanted Circle (Taos) MLS excluding Angel Fire, Black Lake, Chama, Eagle Nest, Red River, Rinconada, Dixon, other.

Residential Single Family Sales
Average Price $648,531 ranging from $170,000 to $2.2M

  • **Average sales price is still increasing. A +4% increase since 12/31/2024.

Unit Sales 51
**46 out of 51 units that sold in the 1st quarter had been reduced, including all price ranges.

  • = Sales are @ 90% of the original sales price.

**DROP YOUR PRICES!
DOM = 151 days. This is a 14% increase in days before sold since 12/24

Absorption Rate: As increased from 8 months (12/24) to 10 months (3/25)

  • Currently there is more inventory and more pending

Luxury: (above $1M) = 25% of the listings, only 12% of the sales

Condos: Average price was $374,416

Land <5AC: (building site)
Average price is constant with the past few years @ +- $105,782
**22 out of 23 sales had lowered price

  • = Sales are @ 86% of original price.

>5-<10 AC had 5 sales
>10 AC had 9 sales

Multi family = no sales
Commercial = 1 LB

1ST QUARTER 2025  CHARTS
Single Family Residential Average Price
Single Family Residential Units Sold
Condo/Townhomes Average Sales Price
Building Sites: Less than 5 Acres Average Sales Price