Home prices (Las Cruces: real estate, mortgages, house prices)

[cjhper2013]

I am planning to move to Las Cruces from Atlanta - can you tell me why the home prices are down so drastically, and why are there so many home vacancies in the Orgon area.

[TigerLily24]

Average house prices in Las Cruces always have been low when compared to other cities, particularly those on the east coast.

Organ is a very rural area and is a ways from the city proper. There are very few services close in.

Beautiful views though.

[joqua]

I believe the growth spurts in housing construction result in fluctuations between buyer and seller markets. I'd have to say it's a buyer's market right now - just the thing for anyone contemplating moving there. I'll also ASSUME that tighter mortgages are having an impact. Even though there are plenty of new and resales, buyers are having a harder time qualifying.

[Deserterer]

Organ is a ghost settlement of battered buildings and pack rats.

[joqua]

Originally Posted by Deserterer

Organ is a ghost settlement of battered buildings and pack rats.

Ummmm...while there are certainly a lot of old dilapidated buildings, some dating back to the mining days, Organ is still a viable community with quite a few hearty souls who live there.

[Deserterer]

the point is dilapidated buildings drive prices down. There are living souls in Organ so technically its not a true ghost town.

[TKO]

Existing structures in Organ took the depreciation hit for those dilapidated properties many years ago. It would be a factor if you were considering building a new home though.

[seasick]

The real estate bubble hit Las Cruces as well as many spots in the nation. And, Organ is very...shall we say...funky. Funky...lots of home-built stuff...alternative...okay, just plain weird in places...