November 2018 Las Cruces Market Report

This month, sales increased by 23 homes over last year at this time. The average sales price also increased from $193,716 a year ago to $218,502 this month. That’s pretty remarkable considering we are heading into the slower part of the year.

The area of Las Cruces which saw the most homes sold is Las Colinas with 28 homes, followed by Sonoma East with 22 homes. 

Out of the 175 homes sold this month, 17 of those were luxury homes, which we at Z Real Estate define as homes that sell for over four hundred thousand dollars. We finally surpassed the 100 luxury homes sold! That's a grand total of 108 luxury homes sold. What an amazing year this has turned out to be!

The most expensive home this sold on the Mesilla plaza for six hundred and forty thousand dollars.

Zane and I would like to wish you and your family a very Merry Christmas and a Happy New Year. We hope you are surrounded by people that you love. We’re so thankful for you following us and watching our market reports. 

And 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.