March 2017 Las Cruces Market Report

Zane Fikany April 15, 2017

March 2017 saw 151 homes sold. This is slightly down from March 2016 when there were 155 homes sold. The average home sold for $182,003 which is up from March 2016 at $172,393. As far as list to sales price, that was 97 percent, which is the amount that sellers actually received from their asking price. The median days on market was 72 days, which is the amount of time between the homes being listed and actually going under contract for sale. Las Colinas had the most sales with 30 homes. Las Colinas is the area North of Highway 70, off of Sonoma Ranch. Sonoma West came in second with 12 homes sold. Sonoma West is the area West of Sonoma Ranch and between Highway 70 and Lohman. The most expensive sold home was on Calle De Guadalupe in Mesilla for $517,000. 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.

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