The prices in real estate in Taos Ski Valley, in the New Mexico region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Taos Ski Valley has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $250,318. In the following month the price per sq.feet decreased considerably to $1,205. In the following two months the price per sq.feet has barely changed, going from $125,761.5 to $125,806.5 per sq.feet. The price per sq.feet has had a considerable deflation of 23 % 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 $125,784 to $28,524 during March, and April.
Based upon to the price in Taos Ski Valley (cities), this has gone downing the last 6 months. The average price for November is $2,701,000. During December the price had a considerable reduction till $1,900,353. During the following two months (January, February) the average price had a considerable increase of 124 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $2,573,520 to $2,213,194.5 in March and April.