November 2019 Las Cruces Real Estate Market Report

Hi, I'm Kayla Fikany with Z Real Estate. Welcome to the November 2019 Las Cruces real estate report. As always, our goal is to provide you with a quick overview of the Las Cruces market.

So for November, there were one hundred and forty one sales compared to November of last year when there were one hundred and seventy five sales. So we're down 34 sales for the month of November. However, year to date, we're at 2,080 and year to date last year we were only at 2,048. So overall for the year we're still up by thirty two homes, even with a 34 home deficit for the month of November.

The average sales price is also down. So for November of this year, it's two hundred and sixteen thousand almost two hundred seventeen thousand. And for November of last year it was two hundred and eighteen and a half thousand. So it's down about seventeen hundred dollars.

For the number of luxury homes sold for the month of November is eleven. November last year was 17. So we're down for the month of November. However, year to date, we're only down by one home. So in 2018 there were 108 luxury homes sold, and for 2019 right now, year to date, there's 107. So I think that we'll beat last year's numbers by the end of the year just because the market's been so good and the interest rates are nice and low. But we'll see, that's just a prediction.

So the neighborhoods that saw the most homes sold were Sonoma East and Las Colinas tied for first with 15 homes and Picacho Hills actually came in second with 12 homes.

The most expensive home sold for seven hundred and twenty thousand on Escondido Lane. That's in Shalem Colony.

Remember, real estate is local, neighborhood by neighborhood in price range by price range. If you're considering selling, let us analyze your home specifically. And if you're looking to buy, every real estate market has an opportunity in it. You have to know where to find it.