The prices in real estate in Taos, in the New Mexico region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Taos has increased strongly during the last 6 months. In January, the average price per sq.feet was $263. In the following month the price per sq.feet increased considerably to $1,494. The price for the following two months in (March, April) had a considerable increment of 212 %. The price per sq.feet has increased 111 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,372.25 to $1,522.5 during May, and June.
Based upon to the price in Taos (cities), this has fallen considerably in the last 6 months. The average price for January is $845,900. During February the price had a considerable reduction till $377,223. During the following two months (March, April) the average price had a considerable reduction of 62 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $495,967.5 to $363,255, which means a 73 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 24 % cheaper than the average price of $270,908 in Taos. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 6 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 7 % cheaper than the average price of ($1,264 / sq.feet) in Taos. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 102 % more costly than the average value aforementioned.