Stats show Clovis avoiding housing slump (Las Cruces: to rent, house prices, buy)

[clairz]

Today's Clovis News Journal leads off with an article on Clovis housing with the headline "Stats show Clovis avoiding housing slump." The average Clovis home price in 2007 was $119,568 and the average price in the first quarter of 2008 was $130,746, a percentage change of +9.3.

This information comes from numbers released on Tuesday by the Realtors Association of New Mexico. Statewide, the average home price increased by 2% in the same time period, from $190,247 to $194,114.

You can read the complete article online.

~clairz

[GregW]

If the place did not have a speculative boom, then it can avoid the bust. Those sound like reasonable house prices. Didn't you mention getting an old house for a real bargain price?

Clairz - you sound really pleased with NM in general and Clovis in particular. What do you or your DH do for work? Pleased you got the clevis pun.

[clairz]

Originally Posted by GregW

If the place did not have a speculative boom, then it can avoid the bust. Those sound like reasonable house prices. Didn't you mention getting an old house for a real bargain price?

Clairz - you sound really pleased with NM in general and Clovis in particular. What do you or your DH do for work? Pleased you got the clevis pun.

Greg, I'm getting to the place in life where I'm pretty much pleased to be anywhere! We have been big New Mexico fans since living in Las Cruces for a year in the 90s; we'll probably end up back there when my husband retires. He manages an industrial supply business and I am newly retired from teaching in New Hampshire.

You're right, we did buy a house for a reasonable price. As a matter of fact, we bought two; one very lovely 20 year old brick house for 172K and one older home to rent out to a family member for 56K. As you and I both know, we'll never see those kind of prices in New Hampshire! That's why this is such a great place for us Yanks to retire--that plus the weather and the scenery and the nice relaxed pace of life here.

~clairz

[GregW]

I'm already convinced. Now all I have to do is get my better half to agree.