August 2018 Las Cruces Market Report

This month, sales increased by 20 homes over last year at this time. The average sales price slightly increased from $193,786 a year ago to $196,942 this month. The area of Las Cruces which saw the most homes sold is Las Colinas with 29 homes, followed by Sonoma East with 23 homes. The luxury homes market in Las Cruces, which we at Z Real Estate define as homes that sell for over four hundred thousand dollars, continues to perform well. We’ve seen 74 of those homes sell so far this year, compared to 76 homes sold in all of 2017. This really shows the renewed interest in the luxury market. The most expensive home this month sold on Spur Ridge Road behind A Mountain for six hundred and twenty five thousand. 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.