June 2017 Las Cruces Market Report

June 2017 saw 210 homes sold which is up from June 2016 with 193 homes sold, that’s about a 9 percent increase. The average sales price was $190,975 which is up from June of last year at $171,451. As far as list to sales price, which is the amount that sellers actually received from their asking price, that was 97 percent. The median days on market, which is the amount of time between the homes being listed and actually going under contract for sale, was 35 days. Las Colinas had the most sales with 29 homes. Las Colinas is the area North of Highway 70, off of Sonoma Ranch. Sonoma West came in second with 19 homes sold. Sonoma West is the area West of Sonoma Ranch and between Highway 70 and Lohman. The most expensive home sold was on Venetian Loop and that’s located in Sonoma Estates and that was for $550,000. 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.

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