December 2020 | Las Cruces Real Estate Market Minute
Happy New Year from all of us at Z Real Estate and welcome to the December 2020 Monthly Market Minute. That’s right, we’re back again bringing you a look at the Las Cruces market statistics that we like to focus on after all of the sales from the prior month have been accounted for. Let’s go ahead and put sixty seconds on the clock and see if I can get through all of the numbers before time runs out.
Ready - set - go!
The average sales price is up 21 percent to just over 253 thousand dollars, which is about 45 thousand more than this time last year. There were also a good amount of homes sold with 224 sales compared to last year’s 171.
Luxury homes did well, too, with more than double what we saw in 2019 - up to 23 sales. We’ll talk about the total number of luxury homes sold this past year in our year in review video, so be sure to check that out if you haven’t already.
Once again, Las Colinas was the star neighborhood with a huge 44 homes sold and Sonomas East and West tied at 15 homes apiece.
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.