December 2017 Las Cruces Market Report

December 2017 saw 175 homes sold which is an increase over December of last year, when it was 163 homes sold. The average home sales price was $190,162 which is significantly up from last year of $170,896. As far as list to sales price, which is the amount that sellers got from their asking price, that was 97%. The median days on market this month was 81 days.  You may ask where are most of the homes selling? Well, Las Colinas once again leads the way with a strong month of 34 sales. Las Colinas is the area North of Highway 70, off of Sonoma Ranch. 4 Hills came in second with 14 homes sold. 4 hills is North of Highway 70 off of Del Rey. I always get asked where the most expensive home was sold? Well that was on Fort Fillmore Road in Mesilla Park for $682,000. 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.