2015 Market Report for Sonoma Ranch, Las Cruces, 88011
In Las Cruces, N.M. the housing market promises to be brisk this Spring. Home Buyers will likely still find great deals on homes in the 88011 zip code but they better not wait.
The Sonoma Ranch area is highly desired with its central proximity to eating, shopping, hospitals, schools, New Mexico State University and Dona Ana Community College.
Home Buyers and home Sellers will want to have a great real estate professional when house hunting or selling their home in Las Cruces. Find someone who knows the market and the area well.
The following stats come directly from Southern New Mexico MLS from January 1, 2015 - January 1, 2016 and include 392 Sold, Under Contract and Active listings in the Sonoma Ranch area of Las Cruces, N.M. 88011 that range in price from $104,990 - $799,000.
- Average DOM (Days On Market) in the Sonoma Ranch area was 134.
- The Median Price Range in the Sonoma Ranch area was $235,450
- The number of homes in the Sonoma Ranch area sold was 239.
The two-year outlook from December of 2013 to December of 2015 in the 88011 area of Las Cruces, N.M. taken from SNMMLS:
- The Median Sale Price in the 88011 area is up 24%.
- The number of new properties on the market is up 40%.
- The average days on market is only up 1%.
Comments(1)