July 2019 | Las Cruces Real Estate Market Report | Z Real Estate

Hi I’m Kayla Fikany with Z Real Estate. Welcome to the July 2019 Las Cruces real estate report. Our goal is to provide you with a quick overview of the Las Cruces market. So we’re going to start this one a little bit differently. We’re going to talk about active homes on the market. Right now, there are six hundred and twenty two active homes. Of those six hundred and twenty two active homes only sixty seven of them have an in ground pool in the backyard or belong to a community pool. That’s pretty slim pickings to be able to escape this heat. Of all the homes that are active, they range in price from thirty eight thousand all the way up to six point nine million. Now remember, the data that I pull includes the entire county and not just Las Cruces if you’re trying to buy something under two hundred thousand, there are two hundred and forty one options to choose from. Also let’s talk about days on market. So all of the homes that are under contract for sale right now, meaning they already have a buyer going through the process of purchasing the home, those homes have been on the market an average of 68 days and a median of 34 days. This month saw an increase of eight homes sold compared to July of 2018 which is a great start on a positive trend for the second half of 2019. The average sales price increased by less than a thousand dollars from two hundred and fourteen thousand a year ago to two hundred and fifteen thousand this month. The area of Las Cruces which saw the most homes sold is once again Las Colinas with twenty three homes followed by Sonoma West with 18 homes. The most expensive home this month sold for seven hundred and eighty five thousand off of Superstition in Las Alturas. Remember, real estate is local, neighborhood by neighborhood and 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 just have to know where to find it.

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