Real Estate Gazette

Las Cruces NM Home Sales Statistics

Las Cruces NM Home Sales Statistics

The Las Cruces Real Estate market has remained resilient in the first 6 months of 2011.  The area’s economy remains stronger than many other areas of the country but Las Cruces and Dona Ana County are far from being immune to the recession.  The first six months of 2010 witnessed 682 home sales.  Over that same time frame in 2011, the Las Cruces Real Estate market produced 559 home sales, a drop in sold homes by 18%.  Average price of homes sold has also declined.  A year ago the average sales price in Las Cruces was $192,612.  For the same time period in 2011 the average sales price is $186,859, down 3% showing values have not dropped significantly when looking at the market as a whole.

 There is a large disparity between the average sold price and the average active price which is currently $259,550. This disparity can be attributed to the lack of high end homes being sold but also a lack of effective pricing by many home sellers.  The average days on the market for homes sold are roughly 126 days.  The average active home has been on the market 158 days.  Some things in real estate never change; pricing homes correctly improves the chances of any particular home selling. 

Sales of real estate can vary by price range or neighborhood so for any true indication of a specific market, a professional home analysis is in order. While the overall market may be performing a certain way, there are definitely sectors that are outperforming the rest of the market.  One of the best ways to determine a certain part of the market can be local absorption reports.  For those reports CLICK HERE. Connie and Zane would be happy to look at your home and provide an in-depth analysis for you.

Forbes Magazine ranks Las Cruces No. 14 on its "Best Small Places for Business and Careers" list!

Las Cruces is once again in the national spotlight with another listing by Forbes.com! Las Cruces ranked # 14 in the category “Best Small Places for Business and Careers.”

The ranking results from statistics indicating high job growth levels, low unemployment rates, and projected annual growth. Also factored in is employment in high tech fields of almost 10%. (Employers such as White Sands Missile Range and White Sands Test Facility are major contributors to the number of federal government employees living in the city.)

The presence of New Mexico State University contributes to a placing of #43 in the Education category, and no doubt contributes to the fact that almost 27% of residents have college attainment.

Historically agriculture has provided a steady economic base in contrast to the high tech industries that are rapidly expanding in the area. Las Cruces boasts exceptionally good weather and the fertile Mesilla valley as assets in agriculture, but the climate also contributes to residents’ enjoyment.

Forbes ranked the cost of living in Las Cruces at 10.7% less than the national average. Combined with low unemployment rates, high job growth expectations, great quality of education, and a beautiful natural setting, Las Cruces offers exceptional opportunities for a high quality of life.

Mesilla NM Home For Sale!

Fantastic Home For Sale in Mesilla NM!

 

Fantastic home in the Mesilla Area for sale.This lovely One Owner home has had constant care and been updated beautifully. The interior was completely repainted in 2009. A Sunroom was finished in 2009 and the kitchen was remodeled in 2010 including granite and stainless appliances. Lots of new flooring, both tile and carpet, which was installed in 2010 and there is new lighting throughout the home. This home features two fireplaces including a Kiva in the family room. The lot offers privacy with trees and grass plus RV parking. Sitting just a short distance between the University and Historic Mesilla this home is in the perfect location!
Directions: North off University between Main & McDowell.

For More Information Click Here:

Construction Spending in Las Cruces, NM Growing!

Great article written by John Hummer, President and Qualifying Broker at Steinborn & Associates Real Estate here in Las Cruces NM.  I wanted to share this, I believe it is very interesting and revealing of what is currently happening in Las Cruces Real Estate.

 

Invest In Las Cruces and Dona Ana County, New Mexico!

by:  John L. Hummer

Las Cruces, Dona Ana County, New Mexico:   For the first 10 months of 2010, annualized, the following is a quick diagnosis of the health of the local construction spending in our community.

New Single Family Home Permits:

# Permits Over/Under 2009:  -5%

Value of Permits:  + 29% or $44,237,400

New Commercial Building Permits:

# Permits Over / Under 2009:  + 89%

Value of Permits:  + 127% or $3,440,676

All Permits Combined:

This includes new residential / commercial structures, remodels, demolition, churches, barns, metal buildings, rock walls, storage structures, garages, carports, swimming pools, expansions

# Permits Over / Under 2009:  + 1%

Value of Permits:  + 30% or $70,628,441

We expect this growth to continue well into the future based on, but not limited to, the following key factors:

1.  Growth of Ft. Bliss, TX (45 minutes to the south).  Ft. Bliss is undergoing a $5 Billion expansion.  Ft. Bliss has a shortage of 2,200 homes to house the 70,000 increase in soldiers and family members.  Add another 30,000 population from the increase in service industry spinning off to support this growth.  Las Cruces continues to be an attractive bedroom community to accommodate this growth.

2.  Our Reputation.  Las Cruces continues to grow based on its own merits as evidenced by the continued national recognition.  A few examples of such are:

• Projected 2009 - 2001 Employment Growth: 5th in US. Strengths: low business costs, population growth, military/govt.employment.
• Milken 2010 Best Performing Cities: Ranking #8.
• Money Magazine 2010 Ranking: 14th Best County in the nation for job growth over the last 9 years.
• Where to Retire / AARP: Over the past decade, Las Cruces has consistently ranked in the top 10 of best places to retire.

3.  City of the Future.  

a. Spaceport America.  The world's first purpose built commercial spaceport will open its launch pads and runways to the world in 2011.  Virgin Galactic, Armadillo Aerospace and UP Aerospace are but a few of the burgeoning companies who have called our community home.   

b. White Sands Missile Range, New Mexico State University's Physical Science Laboratory (PSL) and Arrowhead Research Park.  These entities in concert with the Department of Defense, NASA, Honeywell, Raytheon and many others are leading efforts in the testing and design of unmanned aviation technology.

c. Alternative Energy.  Dona Ana County is ground zero for the future growth of solar energy and biofuels.    Sapphire Energy (biofuel) and Edison Solar are two new companies that speak to such growth.

d. Diversity, The Great Outdoors & The Arts. Las Cruces has to be one of the most tolerant, diverse communities in the nation.  Its proud Spanish heritage combined with pioneering spirit of the Wild West has blended one of the most inviting communities.                 

Hiking, biking, horseback riding and nature trails are in abundance throughout our fertile Mesilla Valley or at the base of the majestic Organ Mountains. Our community also boasts outstanding and growing art, theatre, symphony and recreational activities.

Las Cruces, New Mexico is a vibrant city whose maximum potential is yet to be realized.  Come grow with us!

 

Las Cruces NM Home for Sale, exceptional location!

This Las Cruces New Mexico home has an terrific location and great features for the area.  This is a great investment opportunity or for a primary residence.  The home has been well cared for and upgraded.  This home must be seen.

Don't miss this chance!  Click here to view pictures and information.  And as always go to www.LasCrucesNMProperties.comfor all Las Cruces and Mesilla MLS information
 

Dona Ana County Ranks 14 in CNN Money Article!

CNNMoney.com lists Dona Ana County number 14 on thier list of 25 "Where the Jobs Are".  The article references 34.5% job growth from year 2000 to 2009.  Click the link to check it out!http://money.cnn.com/galleries/2010/moneymag/1007/gallery.best_places_job_growth.moneymag/index.html

New Home for sale in Las Cruces NM, Sonoma Ranch

In a time of uncertainty people tend to go with what they know and in Las Cruces we know Binns Construction has been building homes in Las Cruces for 47 years.  Those 47 years of experience were put into this home.  The home has high ceilings, is bright and open.  This is a home that must be seen to truly enjoy.  Large bedrooms are just one of the features that set this home apart.

 

See this Home here

Check out all Las Cruces homes and Mesilla Real Estate at www.LasCrucesNMProperties.com

Beekeeping, Another Las Cruces Economic Factor?

We knew Las Cruces and Southern New Mexico led the way for chile production.  We also knew about all the pecans raised in the Mesilla Valley.  . . and the onions, alfalfa and produce  grown in the area’s  fertile soil.  We even knew there were some wineries in the area.  What we didn’t know was Southern New Mexico is home to the two largest beekeeping operations in the state!

Bees?  Now we know bees are essential in the pollination process, but did you know that Mesilla Valley bees are shipped to other areas of the country?  The weather, location, and accessibility make Las Cruces a good place for beekeepers to raise their bees which they can rent to farmers around the country, especially California where they pollinate much of the produce we all eat.  Adding  to their productivity in pollination is their valuable by-product—HONEY!  No wonder beekeeping in the Mesilla Valley is a sweet deal!  

This is just one more example of the diversity that exists in southern New Mexico.  Read the article on bees in the Las Cruces Sun News here.  http://www.lcsun-news.com/ci_15473372?IADID=Search-www.lcsun-news.com-www.lcsun-news.com

Call Zane and Connie for all your Las Cruces Information Needs!

Las Cruces Home Sales for first six months of 2010 higher than same period in 2009

Results for the Las Cruces real estate market for the first 6 months of 2010 show a 9% increase in sales over the same period in 2009.  A strong showing in May (147 homes sold) and June (140 homes sold) boosted the first six months of 2010 total.  The total of 147 homes sold in Las Cruces in May was the best month of home sales since August 2007.  Last October came close with 145 homes sold. The 2010 sales year started slow with only 62 homes sold in the month of January, the lowest home count in recent history, but seems to be heating up.  Sales have improved and finished the first half of 2010 on a strong note. 

There is little doubt Las Cruces has a good real estate market but the real determining factor in selecting the best home always comes down to neighborhoods.  This is an area where only a strong Las Cruces Realtor can provide the correct information.  Connie and Zane are always happy to help you compare homes and  neighborhoods.  Call Zane Fikany and Connie Hettinga for all of your real estate needs.

Home for Sale on Sonoma Ranch Golf Course with Great Views!

This fantastic golf course home for sale sets the standard in Las Cruces NM.  The home features tremendous views of the Organ Mountains and the Sonoma Ranch Golf Course.  The floor plan centers upon breathtaking views.  This home has a great layout that is easy to live.  Master suite and kitchen offer everything one could want.  Click here to view all the details!

To see all the best homes in Las Cruces go to www.LasCrucesNMProperties.com

Call Zane at 575.640.4374

or Connie at 575.640.7279

Steinborn & Associates Real Estate

575.523.2850