El Paso Texas is an undervalued market.

Real Estate Agent with EPHomeSearch Real Estate Services LLC

I am a Broker Owner in El Paso Texas and came across the following interest research article. I know this is a great market and now everyone will know!!   According to the real estate research service, Local Market Monitor, six towns qualify as under-valued according to their most recent survey. An interesting note is that two are in Texas and all in more southern areas of the U.S.

Under-valued U.S. residential real estate markets:

Augusta, Georgia
El Paso, Texas
Fayetteville, North Carolina
Little Rock, Arkansas
Mc Allen-Edinburg, Texas
Memphis, Tennessee

Price per sq ft ranges from $60 to $110. Of course their are some high high ends and some serious bad ones but the average is aweome.  Buying El Paso Real Estate is a deal, a great deal.

Sellers, well it depends when they bought like in any market, but we are having success if the house is ready to show, easy to show, curb appeal, priced right.  This is the same criteria of any time and any market condition but I do find that market, market, market is what sets apart the solds from the ones still on the market.

Hey, what no mention of foreclosures, just undervalued.  I speak about El Paso and the undervalue comment is a fact.  And then with the market as it is, foreclosures and short sales, add to the formula of 30,000++ military descending upon the community between now and 2011, huge medical school complex, manufacturing capital of Mexico across the river, this spells BUY.  I am not talking today about flipping, but purchasing properties that are desirable rentals and cash flowing.  Imagine, if you will, owning, 10, 20, 30 or more properties paid in full and 100% occupancy.   Thought that dream went away?  Think it is possible in El Paso?  I do and I do it and my clients do it.  Just writing this opens my eyes and all I can say is WOW!        

Comments (2)

Ron Withers ----Retired Mortgage Professional
Kissimmee, FL


I hope that you see some improvement in your market during the course of 2009. Here is our local market the values have fell dramatically and not seeing much improvement. We purchase our home in late 1999 and it had appreciated  as much as 100% or so until the market changed. Now we are not far above its value in 1999.  I passed thru El Paso last summer while visit our daughter and family in Ft Worth. Planning to visit again this June. Maybe take a little time to take in the sights of El Paso.  Best wishes for a happy and prosperous 2009.

Jan 14, 2009 01:56 AM
Rob Lang
At Home Kansas - Shawnee, KS
Local Expert in NE Central Kansas Real Estate Home

http://www.youtube.com/watch?v=MgIzWmFTvpQ Shows a Holton, KS home for sale for $47.06 COST per sqft Holton Kansas Real Estate, one of Holton KS Homes for Sale largest sqft, two family rooms, 4 bedroom, 2 bath

Mar 06, 2012 02:20 PM