September 2018 Las Cruces Market Report

This month, sales increased by 9 homes over last year at this time. The average sales price increased from $181,462 a year ago to $191,824 this month. The area of Las Cruces which saw the most homes sold is Las Colinas with 24 homes, followed by Sonoma East with 12 homes. The luxury homes market in Las Cruces, which we at Z Real Estate define as homes that sell for over four hundred thousand dollars, continues to perform well. We’ve already surpassed last year with 83 of those homes sold so far, compared to 76 sold in all of 2017. This really shows the renewed interest in the luxury market. With three months left in 2018, we may be able to hit 100 luxury homes sold. The most expensive home this month sold on Via Estrella in La Tierra Escondida at just over eight hundred thousand. 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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