From our New Mexico correspondent
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Taos appears to be the destination for a whole different category of newcomers: The Zoom workforce. Realtors across the region confirm that, as other local businesses struggled to stay afloat, the real estate market in Taos was buzzier than a beehive.
Brian Stenum, owner of Casa Encantada Realty and 2021 president of the Taos County Association of Realtors, noted that “the local real estate market saw a significant increase in activity last year with sales higher than in any other year since at least 2014,” with a correlating escalation in tight inventory, home values and pricing.
Through the first two months unit sales of single-family homes–by far the biggest segment of the market–are up 50% over the same period in 2020 (54 vs. 36 closed sales). Dollar sales are up 94%. Median and average price are up 24% and 29%, respectively.
Unfortunately, in the 20 years since I was there, a great pestilence has descended on the town, probably carried in by this same zoomer wave. it was a great little place back then, and our correspondent says it still is, but i fear for its future
