October 2017 Las Cruces Market Report

October 2017 saw 189 homes sold which is up from October 2016 with 140 homes sold, that’s about a 35 percent increase. The average sales price was $188,388 which is up from October of last year at $184,556. 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 44 days. Las Colinas had the most sales with 28 homes. Las Colinas is the area North of Highway 70, off of Sonoma Ranch. Sonoma West came in second with 22 homes sold. Sonoma West is the area between Highway 70 and Lohman, and west of Sonoma Ranch. the most expensive home sold was on Los Alamos Court in Sonoma Ranch for $630,000. 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.