2018 Year End Wrap-Up Market Report
Most of you that have been following us know that 2018 was a really good year for real estate but now with the final numbers in we get a chance to show you just how good.
The number of homes rose from 1,979 homes last year to 2,193 in 2018. That is an increase of 10% year over year. And lets not forget 2017 was a strong year in the Las Cruces Market as well. The average home price also increased from $188, 408 to $199,473 for about a 5.5% increase. There was over $437 million worth of real estate sold in 2018 which is a big jump from the $372 million sold in 2017.
The Jornada- Las Colinas area really led the way in the number of homes sold in 2018 with 303. Those homes sold at an average price of $189,721. Just slightly higher than the Las Cruces average.
Sonoma West had 185 homes sold at an average of $239,598.
Sonoma East had just one less home sell to make 184 for the year. Sonoma East did however have a higher average price of $254,756.
To wrap up a phenomenal year the highest priced home sold in December at $1.250 Million in Tierra Escondida.
We here at Z Real Estate hope you had a great 2018 and are excited to keep you up to date in 2019 with our monthly market reports.
And remember, real estate is local, neighborhood by neighborhood, price range by price range. If you are considering selling, let us analyze your home specifically. And if you are looking to buy, every real estate market has opportunity in it you just have to know where to find it.