The prices in real estate in Las Cruces, in the New Mexico region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Las Cruces has increased strongly during the last 6 months. In December, the average price per sq.feet was $125. In January this price pretty much remained the same at a value of $122 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 403 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $133.5 to $538 during April, and May.
Based upon to the price in Las Cruces (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is $260,803. In January This price remains at $249,955. During the following two months (February, March) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $248,944.5 to $207,061.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $216,519 they are 15 % more affordable than the average price for Las Cruces. The properties with the highest average price have 1 bedroom, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at $268,529.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $810 / sq.feet price in Las Cruces. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,075 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $216,519 it is 66 % cheaper than the average price in Las Cruces. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $228,692 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $87 / sq.feet followed by "Commercial" priced at $101 / sq.feet. "House" is the cheapest type of property with a $699 / sq.feet value followed by "Land" with an average price of $224 / sq.feet.