Gary Sandler Inc., Realtors® - Las Cruces, New Mexico Buyer and Seller Real Estate Services

GARY SANDLER’S
LAS CRUCES AREA RESIDENTIAL SALES OVERVIEW

If you’re looking for the straight scoop on real estate activity in the Las Cruces area, you’ve come to the right place. Gary’s comprehensive collection of current and historic market data firmly positions him and his clients on the leading edge of local and national trends. In order for the numbers to be meaningful, however, and to comply with applicable laws, rules & regulations, it is important that we pound into your head the following:

  • The market statistics contained herein are derived from a number of different sources and may not represent all sales activity in the area.

  • The statistics that are attributed to the Las Cruces Association of Realtors® wholly owned Multiple Listing & Information Service subsidiary are for the last day of the periods indicated and represent sales information for the greater Las Cruces area.

  • While we think the numbers are right-on-the-button and we deem them to be reliable, we (or anyone else for that matter) cannot guarantee their accuracy.

  • Homes are defined as single-family homes, townhomes and condominiums


OUR CURRENT LAS CRUCES AREA NUMBERS
ACTIVE LISTINGS & PENDING SALES
Active Listings and Panding Sales - New and Existing Homes, Townhomes and Condominiums
This data will illustrate the relationship between the number of active residential listings currently for sale in our area and the number of properties that have sales contracts pending. A sale is pending when a contract has been signed but the transaction has yet to close. When the upper and lower lines are in close proximity to one another, sellers enjoy an advantage. Just the opposite is true when the lines are separated by a wide gap, as they are at present
PENDING SALES: NEW & EXISTING
New Homes Under Contract
Existing Homes Under Contract
Total Homes Under Contract
How many new and existing homes, townhomes and condominiums currently have contracts pending? These charts will provide individual overviews of the number of contracts pending on both new and existing-homes. Pending sales are the best indicators of future sale production because they precede the actual closings by 30 to 60 days.
OUR CURRENT LISTING INVENTORY
New and Existing Home Inventory - Number of Active Listings
How many new and existing-homes, townhomes and condominiums are currently for sale in the Las Cruces area? This graph will reveal exactly how many “units” are currently “on the shelf”, as well as the total combined number currently in inventory.
NUMBER OF CLOSED SALES
Number of Closed Sales - New and Existing Homes
On this graph you’ll instantly notice the ups and downs our market has experienced over the past three-or-so years. Data include new-home production, existing-home production, and the combined total of both.
NUMBER OF DAYS ON THE MARKET
Average Number of Days on the Market Before Sale - New and Existing Homes
Just how long does it take to sell a new or existing Las Cruces area home, townhome or condominium? How long did it take to sell a similar property in 2005? Trendlines for both new and existing-home sales reveal a 3-year history of how long it takes to sell a local area home.
AVERAGE AND MEDIAN SALES PRICES
Average and Median Prices of Homes Sold - New Homes Only
Average and Median Prices of Homes Sold - Existing Homes Only

What are the average and median sales prices of new and existing-homes sold in our area? (The median price is where half the homes sold for more and half sold for less.) These graphs will answer that question and provide a 3-year history of the direction our local home prices have taken.
LIST-PRICE TO SALES-PRICE RATIO

List Price to Sale Price Ratio - New and Existing Homes

Are local homes selling for full price or are their prices being discounted? On this graph you'll notice the final outcome of negotiations between literally thousands of local buyers and sellers.

 
Building Permits

2005-2008 Building Permits Issued - Las Cruces and Dona Ana County
2005-2008 Building Permits Issued vs. New Homes Sold - Las Cruces and Dona Ana County
Mortgage Rates

30 and 15 Year Fixed Rate Mortgage 2007 and 2008
Las Cruces Area Home Sale Data
 
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Gary Sandler Inc., Realtors® • Office: 575-525-2400 • Toll Free: 1-888-880-9611 • Fax: 575-532-0440
1240 South Telshor Blvd Suite A • Las Cruces, NM 88011 • gary@garysandler.com
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