Coldwell Banker
Lota Realty Inc.
 		 
 
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TAOS MARKET TRENDS
We have come to the end of a rather lackluster 2011 and are filled with optimism for the new year! Some of the indications from the real estate media are encouraging this cautious optimism in scattered markets around the country. Since our market is historically linked to real estate in other parts of the US, that creates a sense that improvements elsewhere will translate to buyer enthusiasm for Taos!

It is still a buyer's market with a scarce amount of buyers. Those properties with "motivated sellers" are the ones that are selling. Financing in some instances is extremely tedious or non-existent, however, the qualified buyer can certainly find incredibly low interest rates and available lending. Sellers looking to reinvest in another market are in a great position to maximize their buying potential as well.

Please call for a market evaluation of your property. Lots of opportunities in Taos for a fantastic deal! Hope to see you in 2012.

MARKET REPORT 2011

Residential
2007
2008
2009
2010
2011
# of Properties 247 202 -18.2% 190 -5.9% 181 -4.7% 155 -15.3%
Average Price $353,092 $326,638 -7.5% $321,691 -1.5% $315,050 -2.1% $270,556 -13.9%
Average D.O.M. 338 300 -11.2% 306 +2.0% 276 -9.8% 314 +14.6%
Total $87,213,933 $65,654,534 -24.7% $59,512,910 -9.4% $57,024,144 -4.2% $41,936,201    -27.1%
Land (Residential)
2007
2008
2009
2010
2011
# of Properties 114 83 -27.2% 49 -41.0% 39 -20.4% 30 -23.1%
Average Price $114,022 $118,853 +4.2% $97,653 -17.8% $149,628 +53.2% $147,713      -1.3%
Average D.O.M. 248 268 +8.1% 331 +23.5% 384 +16.0% 261 -31.9%
Total $12,998,576 $9,864,819 -24.1% $4,492,050 -54.5% $5,835,500 +29.9% $4,431,400 -24.1%
All Properties, Including Commercial
2007
2008
2009
2010
2011
# of Properties 373

290

-22.3%

250

-13.8%

231

-7.6%

189

-18.5%

Average Price $297,459

$277,036

-6.9%

$278,809

+0.6%

$289,650

+3.9%

$252,992

-6%

Average D.O.M. 312

288

-7.7%

311

+8.0%

292

-6.1%

307

+5.3%

Total $110,952,410

$80,063,653

-27.8%

$66,914,160

-16.4%

$67,044,644

+0.2%

$47,815,601

-28.8%

This representation is made in whole or part from data supplied by the Taos Association of Realtors. Neither Coldwell Banker or the Association guarantees or is responsible for its accuracy.

Judy Buck, CRS
Coldwell Banker Lota Realty
204 A North Pueblo Road
Taos, New Mexico 87571
www.cblotataos.com
Judy@cblotataos.com		 (800)829-8673 TOLL FREE
(575)758-8673 BUS
(575)770-0578 CELL
(575)758-041 FAX