THE MARKET IN LAS CRUCES IS STILL DOWN ABOUT 35% IN SALES VOLUME COMPARED TO PREVIOUS YEARS, BUT THINGS ARE STARTING TO PICK UP.  LOCALS ARE BUYING IN THE UNDER $200,000 PRICE RANGE. SOME OUT OF STATE BUYERS STILL ARE COMING, BUT THEY ARE HAVING A HARD TIME GETTING THEIR HOMES SOLD IN CALIFORNIA, ETC. 

WE ARE SEEING A LOT MORE "SHORT SALES" AND FORECLOSURES HERE ALSO. NOT A GOOD SIGN. SELLERS ARE TAKING A REAL BEATING IF THEY ARE TRYING TO RECOUP WHAT THEY PAID BETWEEN 2003- 2007. VALUES ARE DOWN.  BUYERS ARE ONLY LOOKING FOR A REAL "BARGAIN" AND ARE LOW-BALLING, SOMETIMES UNDER 40% EXPECTING TO GET IT ACCEPTED. BUT OUR MARKET ISN'T AS BAD AND DIDN'T GET HIT AS HARD AS OTHER STATES, SO SELLERS ARE NOT EVEN COUNTER-OFFERING ON THESE KINDS OF OFFERS.

THERE ARE A LOT OF GOOD BARGAINS HERE THOUGH.  IF LOOKING FOR A HOME IN LAS CRUCES, NM, I AM GLAD TO HELP.  CALL ME AT 575-640-1332 OR EMAIL ME AT DMCHOREY@COMCAST.NET