El Paso Real Estate

El Paso’s January surprisingly bad

January is notoriously bad for real estate. This January is specifically bad for El Paso. In January 2010, there were 253 home sales, which is a 17 percent drop from January 2009’s 304 sales and 15 percent below the 299 sales in January 2008. It is also the lowest number of sales in at least [...]

El Paso’s January surprisingly bad is a post from: http://www.elpasorealestatequest.com

Highest priced homes lose marketshare to low and mid priced homes

El Paso’s market is the only market in Texas to have posted positive home sales consistently throughout 2009. When reviewing final price distributions for 2009, it’s clear low and middle priced homes increased not only in share, but also number. Homes above $250,000 lost marketshare. Two categories between $300,000 and $499,999 had double digit loses. Price [...]

Highest priced homes lose marketshare to low and mid priced homes is a post from: http://www.elpasorealestatequest.com

El Paso leads Texas with percentage increase in sales, but prices are terrible

Sales in December 2009 are up 22 percent from 363 to 444 in El Paso. This market is remarkable as they are even up 23 percent from 2007’s 362 sales. El Paso is the only big market in Texas to show this type of growth. Year Month House Sales 1 Yr Change 2 Yr Change Average Home Price % Price Change Median Home [...]

El Paso leads Texas with percentage increase in sales, but prices are terrible is a post from: http://www.elpasorealestatequest.com

El Paso distribution shifts toward low and moderately priced homes

El Paso continues to show a shift toward moderate and low priced homes. Recently released data, running through October 2009, suggest end of year trends will reveal vast increases in low priced homes and healthy increases in middle priced homes, see table. El Paso Price Range Percent Distribution # of Sales 2008 2009* 2008 2009* Change $29,999 or less 0.1 0.3 5 13 173.62% 30,000 - 39,999 0.3 0.4 14 17 21.61% 40,000 [...]

El Paso distribution shifts toward low and moderately priced homes is a post from: http://www.elpasorealestatequest.com

El Paso’s October is bright spot for state

El Paso’s home sale gains continue to exceed the other large markets in Texas. There were 541 homes sold in October 2009, which is the highest number since August 2007. Not only that, but they were 31 percent higher than October 2008 and 23 percent higher than 2007, as seen below. Year Month House Sales 1 Yr Change 2 Yr [...]

El Paso’s October is bright spot for state is a post from: http://www.elpasorealestatequest.com

Price distribution of El Paso home sales

Data from the first three quarters of 2009 have been released for the price distribution of home sales in El Paso, see table below. El Paso Price Range Percent Distribution # of Sales 2008 2009* 2008 2009* Change $29,999 or less 0.1 0.3 4.78 11.45 139.64% 30,000 - 39,999 0.3 0.4 14.33 15.26 6.50% 40,000 - 49,999 0.6 0.5 28.66 19.08 -33.43% 50,000 - 59,999 1.2 1.4 57.31 53.41 -6.81% 60,000 - 69,999 1.7 2.5 81.19 95.38 17.47% 70,000 - 79,999 4.1 4.2 195.82 160.23 -18.17% 80,000 - 89,999 6.8 6 324.77 228.90 -29.52% 90,000 - 99,999 8.1 7.4 386.86 282.31 -27.02% Under 100k 22.9 22.7 1093.70 866.01 -20.82% 100k - 119,999 15.8 18.2 754.61 694.33 -7.99% 120k - 139,999 15.5 16.1 740.28 614.22 -17.03% 140k - [...]

Price distribution of El Paso home sales is a post from: http://www.elpasorealestatequest.com

Mixed result for August 2009: Sales Up, Prices Down

August 2009’s 485 home sales were 15 percent higher than August 2008’s 433 sales. Although sales were 12 percent down from August 2007’s 554 sales, El Paso’s August managed to not only be the top sales month of the summer, but also the year. Year Month Homes Sold One Year Change Two Year Change Average Price One Year Change Median Price One Year Change Active [...]

Mixed result for August 2009: Sales Up, Prices Down is a post from: http://www.elpasorealestatequest.com

El Paso struggles to meet 2008 sales numbers and prices

El Paso had 478 home sales in July 2009. This is a 5 percent drop from July 2008’s 502 sales, and a 17 percent drop from July 2007’s 573 sales. July had three less home sales than June 2009. Year Month House Sales 1 Yr Change 2 Yr Change Average Home Price % Price Change Median Home Price % 1 Yr Change Active Listings % 1 [...]

El Paso struggles to meet 2008 sales numbers and prices is a post from: http://www.elpasorealestatequest.com

No relief for June 2009 El Paso real estate market

El Paso gained 41 sales for June 2009’s 481 over May 2009’s 440 home sales; however, this is the first month in a quarter where the home sales were not a gain over the preceding year’s counterpart. June 2009 sales were down 1 percent from June 2008’s 487 sales. They were also down 21 percent [...]

No relief for June 2009 El Paso real estate market is a post from: http://www.elpasorealestatequest.com

May sales up in El Paso, but prices down

El Paso’s real estate agents moved 440 homes during May 2009. This is an increase of 3 percent over May 2008, which had 429 sales. The increase is not as impressive when one considers there were 640 sales in May 2007, so there was really a 31 percent drop over the past two years, as [...]

May sales up in El Paso, but prices down is a post from: http://www.elpasorealestatequest.com