Tag Archives: days on the market

A look at real estate sales in the past 8 months in Luna County NM

The numbers are a little different.  Part of that is good and part is not so good.  This is based on all residential sales in the county…in town, in the county, site built and manufactured.  It’s just a snapshot.  The prices ranged from $9,000 to $308,000.  It’s just something to take a look at.

Jan 1 thru Aug 31    Sold     $ Volume          Average Price     Median Price      DOM

2013                          87        $8,496,359        $97,659              $95,000            246

2014                         101       $9,091,725        $90,017              $78,000            200

What does this tell us?  I have no idea.  The good news is that more folks are buying house this year that they were this time last year.  If the increase is sales keeps up, the rest will work itself out.

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Ok…this looks good.

I just ran MLS sold stats from the first quarter of 2013 compared to the first quarter of 2012. And I think you’ll like it too!

Residential Sales Jan 1 – Mar 31. 2013. 28 sales closed for a total value of $3,178,184 with and average price of $113,507 and a median price of $112,500. Average days on the market – 205.

Residential sales from Jan 1 – Mar 31, 2012.  22 sales closed for a total value of $1,890,600 with an average price of $85,936 and a median price of $79,000. 183 average days on the market.

There is certainly room for improvement, but at we’re doing better than we were! Thank God! Let’s just hope it keeps improving!

There are still plenty of houses listed so give us a call! We’ll be happy to help you find the perfect house for you!

Sold stats Deming, NM Jan 2013

The sold stats from the local MLS seem to be in line with the state…we sold more residential properties in January, 2013 than in January, 2012 but for a little less money.  In January, 2013 there were 11 residential properties sold for a Total Price of $1,224,884 with an Average Price of $111,353, a Median Price of $110,000 and 219 Average Days On The Market.

In 2012 there were 6 residential properties sold for a Total Price of $801,000 with an Average Price of $133,500, a Median Price of $136,750 and 155 Average Days On The Market.

There are currently 229 residential properties listed for sale in the Deming/Luna County area.  The inventory is out there!  It’s time to buy!  Get qualified at your lender of choice and come see us!!!

Sales stats from Deming and Luna County

During the first three quarters of the 2012 we REALTORS in Deming have sold 79 residential properties for a total value of $7,347,634.  The average price is $93,008, the median price is $79,300 and the average days on the market is 193.

During the first three quarters of 2011 we sold112 residential properties for a total value of $9,476,229.  The average price was $84,609, the median price was $75,000 and the average days on the market was 192.

Sales stat from the REALTORS Assn. of NM

REALTORS Association of New Mexcio2012 RANM OFFICERS
Debbie Rogers CRS, GRI, e-PRO President
Cathy Colvin CRS President-Elect
Sandylee Pasquale, Treasurer
M. Steven Anaya Executive Vice President

For Immediate Release
Contact: M. Steven Anaya, 800-224-2282
Sales Numbers Continue to Increase; Median Prices Show Stabilization

The following numbers have been reported to the REALTORS Association of New Mexico (RANM):

September 2012 sales: 1,333
September 2011 sales: 1,110
September 2010 sales: 1,076
3rd Quarter 2012 sales: 4,193
3rd Quarter 2011 sales: 3,584
3rd Quarter 2010 sales: 3,352
Year to Date* 2012 sales: 11,261
Year to Date* 2011 sales: 9,978
Year to Date* 2010 sales: 10,418

September 2012 median: $170,000
September 2011 median: $170,011
September 2010 median: $180,000
3rd Quarter 2012 median: $170,000
3rd Quarter 2011 median: $170,000
3rd Quarter 2010 median: $179,000
Year to Date* 2012 median: $166,500
Year to Date* 2011 median: $167,500
Year to Date* 2010 median: $174,000

“The continued rise in the number of sales in New Mexico is good news,” says Debbie Rogers, 2012 President of RANM. “And it’s the same old story about median prices. Distressed properties are still affecting the median price of all homes sold. The good news is, the drop in median from the previous reporting period is less each report, indicating market prices are slowly stabilizing.” Median price indicates half of the properties sold for more and half for less.

“While the New Mexico market is seeing a light at the end of the tunnel, appraisals are still creating issues in the state and nationwide,” according to M Steven Anaya, RANM CEO. Anaya cites findings from a recent survey conducted by the NATIONAL ASSOCIATION OF REALTORS (NAR). “While most appraisers are competent and provide good valuations that are compliant with the Uniform Standards of Professional Appraisal Practice, appraisals generally lag market conditions and some changes to the appraisal process have been causing problems in recent years, including the use of out-of-area valuators who lack local expertise, full access to local data, inappropriate comparisons, and excessive lender demands.”

NAR’s national survey revealed 65 percent of REALTORS® surveyed in September report no contract problems relating to home appraisals over the past three months. 11 percent said a contract was cancelled because an appraised value came in below the price negotiated between the buyer and seller, 9 percent reported a contract was delayed, and 15 percent said a contract was renegotiated to a lower sales price as a result of a low valuation. These findings are notable given that homes in many areas are selling for less than replacement construction costs.

Lawrence Yun, NAR chief economist, said there has been a steady level of appraisal issues for quite some time. “Though the real estate recovery is taking place, the combined issues of stringent mortgage lending requirements and appraisal frictions are hampering otherwise qualified buyers from purchasing a home in a timely fashion, and in some cases are preventing them from buying at all,” he said.

The trends and numbers reported are only a snapshot of market activity. If you are interested in buying or selling, consult a REALTOR familiar with your market area; he/she can provide information on specific trends in your neighborhood.

*Year to Date = January through September

Statistical information and trends are based on information furnished by New Mexico Member Boards and MLSs to U. S. House Stats. Current reporting participants are: Greater Albuquerque Association of REALTORS, Las Cruces Association of REALTORS MLIS, New Mexico Multi-Board MLS (Artesia, Carlsbad, Clovis/Portales, Deming, Gallup, Grants, Hobbs, Las Vegas, Sierra County areas), Otero County Board of REALTORS, Roswell Association of REALTORS, Ruidoso/Lincoln County Association of REALTORS, Santa Fe Association of REALTORS, San Juan County Board of REALTORS, Silver City Regional Association of REALTORS, and the Taos County Association of REALTORS. Reports represent single family residential data only. Information does not necessarily represent all activity in any market/county. Figures based on reports run 10/18/12. Visit http://www.nmrealtor.com (housing trends) for county and board statistics.

The REALTORS Association of New Mexico is one of the state’s largest trade associations, representing over 5,500 members involved in all aspects of the residential and commercial real estate market.
2201 Brothers Road Santa Fe, NM 87505 505-982-2442 800-224-2282 fax 505-983-8809 nmrealtor.com

July Sold Stats from Deming and Luna County

The following numbers are taken from sales reported to the Deming-Luna County MLS.

In July 2012 there were 6 residential properties sold for a total price of $565,400. The Average Price was $94,233 and the Median Price was $101,500 with an average Days On The Market of 260.

In July 2011 there were 8 residential properties sold for a total price of $524,150.  The Average Price was $65,519 and the Median Price was $$73,950 with an average Days On The Market of 158.

From Jan. 1 til July 31, 2012 there were 55 residential properties sold for a total price of $5,032,035.  The Average Price was $91,492 and the Median Price was $81,035 with an Average Days On The Market of 214.

From Jan 1 til July 31, 21011 there were 86 residential properties sold for a total price of $7,295,529.  The Average Price was $84,832 and the Median Price was $74,950 with an Average Days On The Market of 187.

It’s a tough market.  Make your property as desirable as possible in curb appeal, condition and price!  We seem to have a little more activity lately…here’s hoping things are on an uphill swing.

Real Estate Stats from Deming, NM

In the month of June, 2012, four residential properties closed that were reported to the Deming Luna County Multiple Listing Service.  The average price was $126,875 and the median price was $103,750.  During the first half of 2012, 46 residential properties sold for a total value of $4,188,135 with an average price of $91,046 and a median price of $70,500 and an average of 198 “days on the market.”

In comparison, in the first half of 2011 there were 78 residential properties sold for a total value of $6,771,379 with an average price of $86,813 and a median price of $74,950 and average of 190 “days on the market.”

The land sales have had a similar record.  In the first half of 2012 there were 14 closed land transactions for a total value of $208,650 with an average price of $14,904 and a median price of $5,750 and 402 average “days on the market.” This compares to the first half of 2011 with 20 closed land transactions for a total value of $326,700 with an average price of $16,335 and a median price of $8,000 and an average of 327 “days on the market.”

Today we have 193 residential properties on the market. 86 of those properties are on site built single family residences inside the city limits; 47 are on site built residences in the county; 20 are manufactured home in town and 40 are manufactured homes in the county.  We also have 239 land listings in all sizes and prices.

What does this all mean???  If you are a seller, you need to make your property as competitive as possible.  Price it right for the market, make it as showable as possible and be realistic about the time it will take to find the right buyer.

If you are a buyer, what are you waiting for? There are many properties on the market and the prices are lower than they have been for many years. The interest rates are at a record breaking low.  You still have to have good credit and decent debt ratios and an income to support your loan but the banks are lending money.  Be realistic about your offers though…many of these properties have reasonable prices on them.  Don’t listen to your friends who tell you houses are selling for 25% or 30% lower than they were a few years ago and make your offer at that price.  Most of the properties on the market have a listing price based on current market values.  Don’t make the seller angry from the beginning…be reasonable!  He may some room to negotiate BUT NOT 50%!  Have the same respect for the seller that you would want a buyer to have for you in the same situation.

Come on by… Deming Realty Co.  We’ll be happy to help you find that right property!

Sold stats for Deming-Luna County NM

You’re getting sold stats for the country and the state on the net and in the news.  Here are local sold stats from the Deming and Luna County.

In 2010 from Jan. 1 thru Sept. 30 Residential Sales.  92 properties sold for a total of $8,518,050. The Average Price was $92,588 and the Median price was $75,000.  Average days on the market was 172.

In 2011 from Jan. 1 thru Sept. 30 Residential Sales.  112 properties sold for a total of $9,510,229.  The Average Price was $84,913 and the Median price was $76,500.  Average days on the market was 193.

In 2010 from Jan. 1 thru Sept 30 Multi-Family Sales.  3 properties sold for a total of $227,000.  The Average Price was $75,667 and the Median price was $$75,000.  Average days on the market was 115.

No Multi-Family properties sold in the first three-quarters of 2011.

In 2010 from Jan. 1 thru Sept. 30 Lots and Acreage.  29 properties sold for a total of $401,350.  The Average Price was $13,840 and the Median price was $8,500.  Average days on the market was 213.

In 2011 from Jan. 1 thru Sept. 30 Lots and Acreage.  30 properties sold for a total of $390,900.  The Average Price was $13,030 and the Median price was $10,500.  Average days on the market was 304.

In 2010 from Jan. 1 thru Sept. 30 Farms.  3 properties sold for a total of $1,830,000.  The Average Price was $915,000 and the Median Price was $915,000.  Average days on the market was 569.

In 2011 from Jan. 1 thru Sept. 30 Farms.  1 property sold for $128,000.  123 days on the market.

In 2010 from Jan. 1 thru Sept. 30 Commercial.  3 properties sold for a total of $239,500.  The Average Price was $79,833 and the Median Price was $82,000.  Average days on the market was 276.

In 2011 from Jan. 1 thru Sept. 30 Commercial.  3 properties sold for a total of $240,650.  The Average Price was $80,217 and the Median Price was $65,000.  Average days on the market was 101.

Looking strictly at stats on real estates sales doesn’t tell you a whole lot because there are so many variables…but it’s interesting.  And now you know!