The prices in real estate in Las Cruces, in the New Mexico region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Las Cruces has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $810. In the following month the price per sq.feet decreased considerably to $603. The price for the following two months in (July, August) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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 $585 to $266 during September, and October.
Based upon to the price in Las Cruces (cities), these have remained the same in the last 6 months. The average price during our first sample month during May, is $216,519. During June the price went through a considerable rise reaching $270,084. During the following two months (July, August) the average price had a considerable reduction of 85 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $224,774.25 and $225,427 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $212,846 they are 56 % more affordable than the average price for Las Cruces. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $219,114.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $60 / sq.feet, with an average $182 / sq.feet price in Las Cruces. The properties with the highest average prices have 4 bedrooms. They are 649 % more expensive than the average followed by properties with 1 bedroom with a price at $937 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $212,846 it is 58 % cheaper than the average price in Las Cruces. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $227,548 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $38 / sq.feet followed by "Townhouse" priced at $82 / sq.feet. "House" is the most costly type of property with a $597 / sq.feet cost followed by "Land" with an average price of $497 / sq.feet.