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Las Cruces luxury-home sales are skyrocketing

Las Cruces luxury-home sales are skyrocketing Gary Sandler View Comments It’s no secret that home sales are setting records across the country. The same is true for the Las Cruces area, according to a May 31 report from the Las Cruces Association of Realtors. What sets this year’s sales numbers apart from previous years, however, is the percentage of luxury homes that are changing hands. Of the 937 closed sales of new and existing Las Cruces-area homes, townhomes and condominiums that took place between Jan. 1 and May 15 of this year, 271 were priced at $300,000 or more. For those of you who like to do math, that’s 28.9% of all sales. One year ago, the number was 18%. The year before that, just 12.5% of buyers paid $300,000 or more for their homes. Even more interesting is how the individual price ranges performed.

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