Highest priced homes lose marketshare to low and mid priced homes
February 14, 2010
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 Range | Percent Distribution | # of Sales | |||
| 2008 | 2009 | 2008 | 2009 | Change | |
| $29,999 or less | 0.1 | 0.3 | 5 | 16 | 237.31% |
| 30,000 - 39,999 | 0.3 | 0.4 | 14 | 21 | 49.92% |
| 40,000 - 49,999 | 0.6 | 0.5 | 29 | 27 | -6.30% |
| 50,000 - 59,999 | 1.2 | 1.3 | 57 | 70 | 21.81% |
| 60,000 - 69,999 | 1.7 | 2.3 | 81 | 124 | 52.12% |
| 70,000 - 79,999 | 4.1 | 4.2 | 196 | 226 | 15.18% |
| 80,000 - 89,999 | 6.8 | 5.7 | 325 | 306 | -5.75% |
| 90,000 - 99,999 | 8.1 | 7.6 | 387 | 408 | 5.50% |
| Under 100k | 22.9 | 22.3 | 1,094 | 1,198 | 9.49% |
| 100k - 119,999 | 15.8 | 17.9 | 755 | 961 | 27.38% |
| 120k - 139,999 | 15.5 | 16.8 | 740 | 902 | 21.87% |
| 140k - 159,999 | 10.3 | 11.4 | 492 | 612 | 24.45% |
| 100k - 160k | 41.6 | 46.1 | 1,987 | 2,476 | 24.60% |
| 160k - 179,999 | 8.8 | 8 | 420 | 430 | 2.22% |
| 180k - 199,999 | 5.7 | 5.4 | 272 | 290 | 6.52% |
| 200k - 249,999 | 9 | 9.1 | 430 | 489 | 13.69% |
| 250k - 299,999 | 5.1 | 4.2 | 244 | 226 | -7.40% |
| 300k - 399,999 | 4.3 | 2.9 | 205 | 156 | -24.17% |
| 400k - 499,999 | 1.4 | 1 | 67 | 54 | -19.69% |
| 500k and more | 1.2 | 1 | 57 | 54 | -6.30% |
The greatest increase came in the under $29,999 category, which shows 237 percent increase, even though this is only the difference of 11 homes. About half of the categories with positive increases have double digit increases.