• May 17, 2018 Home sales continue to rise in Las Cruces
    Gary Sandler
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    Published 17 May 2018

    The combined number of new and existing homes, condos and townhomes sold during April jumped 30.4 percent over the number of sales booked in April 2017, according to a May 13 report from the Las Cruces Association of Realtors. Year-to-date sales through April produced a similar result, rising 25 percent over the same year-ago period. Here’s how the individual categories performed.

    Free-standing homes. Local Realtors sold 165 new and existing homes during April, representing a 31 percent increase over the 126 homes sold in April 2017. This April’s average price of $199,363 represented a 2 percent increase over last April’s average price of $195,465.

    A total of 582 new and existing free-standing homes were sold during the first four months of the year, representing a 21.5 percent increase over the 461 homes sold during the first-third of 2017. This year’s year-to-date average price of $199,370 was 7 percent higher than last year’s average price of $186,358.

    Condominiums. A total of five condominium owners found buyers for their properties during April, besting the lone condo sale booked during April 2017. This April’s average price of $137,800 was slightly higher than the $136,500 price paid one-year ago.

    The 16 condo sales booked between January and April of this year outpaced the 10 sales recorded during the same months last year. The average sales price rose to $119,875 from $113,556, representing appreciation of 5.5 percent.

    Townhomes. The 10 townhomes sold in April fell one unit below the 11 units sold in 2017. The average sales price rose significantly, however. This April’s average price of $129,975 surpassed last year’s April average price of $106,264, a 22.3 increase.

    The 26 townhomes sold during the January to April timeframe represented a decline of two units from a year earlier, while the average sales price rose to $129,440. That price was 8.3 percent above last year’s average price of $119,571.

    With scores of buyers in the marketplace and mortgage interest rates continuing to hover near historic lows, it appears that our market will remain strong as we approach our summer selling season.

    See you at closing.

    Gary Sandler is a full-time Realtor and president of Gary Sandler Inc., Realtors in Las Cruces. He can be reached at 575-642-2292 or Gary@GarySandler.com. 

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      Gary Sandler