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Alex & Jenn Huereca
THREE REASONS TO USE HOME FINDER EL PASO WEBSITE.
- This website is managed by the Realtors Alex Huereca and Jenn Huereca, Real Estate agents that live in El Paso TX and know the city.
- The listings of homes for sale are updated daily.
- The most important reason is that we are Professional Real Estate Agents of ERA Sellers & Buyers Real Estate, and can answer all your real estate questions.
The best way to find homes for sale in El Paso, TX. Is by using a local real estate website, that will help you find the most accurate information straight from the Multiple Listing Services. Also, known by the real estate community and general public, as MLS Listings. HOMEFINDERELPASO.COM will help you find single family homes for sale in El Paso, Texas, Horizon City, Socorro, San Elizario, Anthony TX, its neighborhoods and surrounding areas.
Usually big national real estate websites generalize the market by using and analyzing information across the United States, and in many cases the information they show is inaccurate. Why? because the housing market always has been local. Even when we compare cities within the same estate, we cannot compare prices or days on the market because that would give us wrong information. For example, the Houston, Austin and San Antonio residential market is hot and homes are selling fast, sometimes in one day. However, here in El Paso TX the houses take a little longer to sell and buyers still are able to negotiate prices and conditions of the contract.
According to the information from El Paso’s Multiple Listing Services (MLS) Resales or used homes with at least 1 bedroom, listed in El Paso TX area from January to April of 2017. The average size is a 2,009 square feet home with 3 bedrooms and 2 bathrooms, and the average listing price is $180,776. The average selling price of the resale properties listed and sold during this same period, was $153,417 with an average of 71 days on the market.
Using the same criteria on new homes in El Paso area and taking in consideration all the active home builders. The average Listing price was $183,704 and the average size was 1,741 square feet home with three bedrooms, two bathrooms and refrigerated air. The average selling price was $186,458. The selling price is higher than the listing price, because the buyers sometimes add upgrades or lot premiums with the purchase of the home. The days on the market shown in the MLS is 104 days, but with the new homes is a little bit harder to really know the accurate amount of days it took to sell a house, because many times the houses are not complete or have to be build and it may take up to six months to complete the home for the new homeowners.
For the month of May 2017, there are over 3,200 homes for sale in El Paso TX area. There are houses available on all parts of the city and the price for these properties ranges from the low $40,000 to more than two million. There are many different established communities and neighborhoods in our city where the homes are selling faster or for higher prices than other parts of town, but the hottest or most active areas particularly for new construction, are the homes for sale in zip code 79912 and zip code 79911 which are in the westside area of El Paso TX, the homes in zip code 79928 in the Horizon City area, and lastly, the fastest growing area in the city is the far-east area. Here most of the builders, are building new homes for sale in the zip code 79938, and many of the current residents that have lived in the Tierras Del Este area for years, are putting their homes for sale looking to purchase one of those new homes.
According to the Greater El Paso Association of REALTORS®, on their April 2017 Market Report.
Single-family detached homes sales in El Paso were 751 for June 2017, up 9% from June 2016. Resale homes represented 70 percent of single-family sales, with new homes at 30 percent. Single-family homes saw the median sale price at $150,950 and average sale price at $164,521. The average showed an increase of 1 percent from June 2016. 699 Pending sales were reported in June 2017, down 3.7% from June 2016. The average days on Market, from listing date to pending date, was 82 days in June.
Please contact us with any real estate questions that you may have, and if you would like to know what is your home value please send us a market analysis request.
Alex & Jenn Huereca