July 2018 Las Cruces Market Report
This month, sales increased by 48 homes over last July. The average sales price increased from $191,442 a year ago to $213,329, this month. The area of Las Cruces which saw the most homes sold is Las Colinas with 36 homes, followed by Sonoma East with 25 homes. Luxury homes in Las Cruces continue to perform better than they have in years past. The most expensive home this month sold on Snow Rd in Mesilla for 675 thousand. We really thought our sale on Tapestry at $645,000 might be the most expensive home this month but it actually came in third. This really shows the renewed interest in the luxury market. 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 the opportunity in it you just have to know where to find it.
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