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Jul 28, 2017 Las Cruces commercial market poised to expandPublished 28 July 2017 LAS CRUCES – The face of retail in Las Cruces is changing – for the better. After years of waning commercial rental rates and increased vacancies, commercial investment is on the rise in the Mesilla Valley. Take the retail sector, for example. “Business is steady,” said Jake Redfearn, principal associate broker at NAI
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Jul 21, 2017 New-home permits, sales on the rise
Published 21 July 2017 LAS CRUCES – The number of new-home building permits pulled by local homebuilders can tell a lot about state of homebuilding in Las Cruces. Since the process of building a home can take up to six months from the date a permit is issued, builders have to be confident at the
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Jul 14, 2017 June home sales in Las Cruces best in a decadePublished 14 July 2017 LAS CRUCES – Local Realtors have been busy. Sales of new and existing homes, townhomes and condominiums rose in June to the highest level seen in the past 10 years, according to a July 11 report from the Las Cruces Association of Realtors. The 195 sales reported last month outpaced May’s 193 sales by
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Published 16 June 2017 LAS CRUCES – The Las Cruces real estate market is on the move. The combined average sales price of $189,333 for the 686 new and existing homes, townhomes and condominiums sold during the first five months of this year represents a 9 percent increase over the $173,571 average sales price posted during
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May 26, 2017 Home values vary depending on location
Published 26 May 2017 LAS CRUCES – “Location, location, location” is a real estate mantra that been around for eons. The message behind the proverbial chant is that homes located in the most popular areas typically sell for more than homes located in less desirable areas. That’s true to a certain extent. But age, size
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May 12, 2017 Production rises as mortgage rates decline
Published 12 May 2017 LAS CRUCES — Las Cruces area Realtors sold more homes during the first four months of this year than they did during the same period last year, according to statistics provided by the Las Cruces Association of Realtors on May 9. Sales of new homes increased by two units, or just under
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