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El Paso Texas and Southern New Mexico Real Estate Market
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Is Home Price Appreciation Accelerating Again?
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.
This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first quarter housing data. Here are their original forecasts and their newly updated projections:
Even with the increases, the updated projections still don’t reach the above 10% appreciation levels of 2020. However, a jump in the average projection from 5.3% to 7.7% after just one quarter is substantial. Demand will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.
Bottom Line
Entering 2021, there was some speculation that we might see price appreciation slow dramatically this year. Today, experts believe that won’t be the case. Home values will remain strong throughout the year.
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New on the Market - Just Listed Properties
A captivating view sets off this wonderful home in Resler Canyon setting. This large, inspiring, single-owner two-story targets today's multi-taskers beautifully. 3 bedro...
- 3 Beds
- 2 Baths
- 1,731 SqFt.
- 2010 Year Built
- 79912 Zip Code
- 847460 MLS
- ACTIVE Status
Looking for the ideal 'Turn-Key' Real Estate Investment opportunity? This Multi-generational Home is perfect for a large family w/ aging parents or adult kids who aren't ...
- 6 Beds
- 4 Baths
- 4,455 SqFt.
- 1968 Year Built
- 79925 Zip Code
- 847538 MLS
- ACTIVE Status
Prime Location! Only home on the market in the subdivision. Just shy of half an acre, located on a cul de sac, walking distance to El Paso Country Club. Single story, fou...
- 4 Beds
- 3 Baths
- 2,563 SqFt.
- 1960 Year Built
- 79922 Zip Code
- 847535 MLS
- ACTIVE Status
THIS IS A ONE OF A KIND CUSTOM HOME BUILT WITH ALL OF THE CREATURE COMFORTS IMAGINABLE. 12673 Arrow Weed is absolutely loaded with over 60 custom upgrades and amenities!!...
- 3 Beds
- 2 Baths
- 2,190 SqFt.
- 2018 Year Built
- 79938 Zip Code
- 847532 MLS
- ACTIVE Status
Come & experience the beauty of the southwest, beginning with a handsomely-landscaped native front yard. This charming home, located close to nature on a beautiful privat...
- 3 Beds
- 2 Baths
- 1,371 SqFt.
- 1998 Year Built
- 79912 Zip Code
- 847525 MLS
- ACTIVE Status
Beautiful Diamond home shows pride in ownership. Welcoming front landscape. Inviting Foyer w/ accent ceiling. Open concept makes entertaining easy. Family room includes B...
- 3 Beds
- 2 Baths
- 1,442 SqFt.
- 2018 Year Built
- 79938 Zip Code
- 847526 MLS
- ACTIVE Status
Spacious home located on large cul de sac lot in exclusive Eastside neighborhood. Home features two living areas, formal dining room, 4 bedrooms, breakfast area, bar pati...
- 4 Beds
- 4 Baths
- 13,662 SqFt.
- 1989 Year Built
- 79936 Zip Code
- 847522 MLS
- ACTIVE Status
Attractive front xeriscaping & a clay tile roof lend exceptional curb appeal to this delightful single-story home. An entrance hall w/ a vaulted tray ceiling leads you ...
- 3 Beds
- 2 Baths
- 1,838 SqFt.
- 2015 Year Built
- 79928 Zip Code
- 847521 MLS
- ACTIVE Status
COMING SOON! Available for showings 6/30. Charming home nestled on 1.93 acres surrounded by 65 Pecan Trees! This home is located in a quiet area and a perfect place to ''...
- 3 Beds
- 3 Baths
- 2,111 SqFt.
- 1987 Year Built
- 88021 Zip Code
- 847517 MLS
- ACTIVE Status
Located off Vista Hills Country Club Golf Coarse, 4 bedrooms, 2 full baths. Spacious living room that leads into breakfast area, wet bar and kitchen. Master bedroom has a...
- 4 Beds
- 2 Baths
- 2,573 SqFt.
- 1978 Year Built
- 79936 Zip Code
- 847516 MLS
- ACTIVE Status
Move-In Ready One Story Home In Tierra Del Este! This light and bright home features 2 living spaces, double pane windows, tile and laminate flooring, neutral tones and...
- 4 Beds
- 2 Baths
- 1,660 SqFt.
- 2004 Year Built
- 79938 Zip Code
- 847513 MLS
- ACTIVE Status
Location, Location, Location! Single story home, in close proximity to Ft. Bliss, Loop 375, restaurants and Walmart. It features 3 bedrooms, 2 bathrooms. Sunroom turned i...
- 3 Beds
- 2 Baths
- 1,505 SqFt.
- 1965 Year Built
- 79924 Zip Code
- 847509 MLS
- ACTIVE Status
Gorgeous home in the beautiful Northeast!!! This property offers 4 bedrooms. 2.5 baths in 2,181 square feet of living space with master downstairs. As you walk in you are...
- 4 Beds
- 3 Baths
- 2,181 SqFt.
- 2007 Year Built
- 79934 Zip Code
- 847505 MLS
- ACTIVE Status
One of a kind, beautiful, loving home ready for you to make amazing memories and live comfortably. The pool is ready for you to enjoy those summer nights with your loved ...
- 5 Beds
- 4 Baths
- 2,565 SqFt.
- 2005 Year Built
- 79938 Zip Code
- 847499 MLS
- ACTIVE Status
This charming corner lot home has plenty to offer. Great location in the Sandstone Ranch neighborhood, huge backyard fully landscaped with lush green grass, and multiple ...
- 3 Beds
- 3 Baths
- 1,682 SqFt.
- 2009 Year Built
- 79934 Zip Code
- 847495 MLS
- ACTIVE Status
Spectacular home with panoramic views of the Organ and Franklin Mountains, overlooking acres of farmland. Located on the edge of the west mesa adjacent to BLM land. Featu...
- 4 Beds
- 5 Baths
- 3,662 SqFt.
- 2004 Year Built
- 88021 Zip Code
- 847443 MLS
- ACTIVE Status
**Presenting offers Friday 6/18 @ 7pm**This beautifully maintained home with a large backyard and SWIMMING POOL sits on over a quarter of an acre and is ready for move in...
- 4 Beds
- 3 Baths
- 2,666 SqFt.
- 1975 Year Built
- 79935 Zip Code
- 847489 MLS
- ACTIVE Status
Enchanting!! This wonderful home offers 5 bedroom three full baths with a full of great space on elegant tall ceilings. The second floor features a very large master suit...
- 5 Beds
- 3 Baths
- 2,616 SqFt.
- 2003 Year Built
- 79938 Zip Code
- 847485 MLS
- ACTIVE Status
Super Great Big Home Great Location !!! Better than new, move in ready & priced to sell!! This great house is loaded with everything from 2 Master Suites, one up one down...
- 4 Beds
- 4 Baths
- 2,686 SqFt.
- 2017 Year Built
- 79938 Zip Code
- 847480 MLS
- ACTIVE Status
Investors don't let this one go you have a 4 Beds 3 baths home with 2 permitted apartments. Income flowing monthly. Live in the main home and collect off of current tenan...
- 4 Beds
- 5 Baths
- 2,223 SqFt.
- 1948 Year Built
- 79915 Zip Code
- 847479 MLS
- ACTIVE Status
This spacious home has 3 bedrooms, 3 bathrooms, and beautiful mountain views! Located in the Coronado Hills subdivision with no back neighbors, this home has lots of pote...
- 4 Beds
- 3 Baths
- 2,340 SqFt.
- 1971 Year Built
- 79912 Zip Code
- 847476 MLS
- ACTIVE Status
Come and view this well maintained home with five bedrooms, 2.75 baths, two living areas, small loft upstairs and laundry room. Three bedrooms plus master bedroom are ups...
- 5 Beds
- 3 Baths
- 2,608 SqFt.
- 2012 Year Built
- 79928 Zip Code
- 847472 MLS
- ACTIVE Status
Beautiful home located in a cul de sac in the Tierra Del Este subdivision in East El Paso. As you enter the home you are immediately greeted by the inviting living room w...
- 3 Beds
- 2 Baths
- 1,590 SqFt.
- 2010 Year Built
- 79938 Zip Code
- 847471 MLS
- ACTIVE Status
Single level brick veneer on corner lot. Large den with hardwood floors. Has study and lots of storage.
- 3 Beds
- 2 Baths
- 2,152 SqFt.
- 1965 Year Built
- 79925 Zip Code
- 847468 MLS
- ACTIVE Status
Location, Location, LOCATION!!! This hidden gem features 4 bedroom, 2 bath home in Crestmont Hills, near Sunland Park Drive . Has approximately 1,300 sq.ft. This one will...
- 4 Beds
- 2 Baths
- 1,260 SqFt.
- 1967 Year Built
- 79912 Zip Code
- 847465 MLS
- ACTIVE Status
Pride of Ownership! Almost new, single level home located in Horizon City. Beautiful, maintenance free landscaping in the front. Entertainment ready back yard with patio ...
- 3 Beds
- 2 Baths
- 1,373 SqFt.
- 2018 Year Built
- 79928 Zip Code
- 847462 MLS
- ACTIVE Status
Welcome to the well established subdivision Mesquite Hills. Here you will find a beautiful Edwards Home Resale that features 3 bedrooms and 2 baths. Semi open concept liv...
- 3 Beds
- 2 Baths
- 1,475 SqFt.
- 2019 Year Built
- 79934 Zip Code
- 847461 MLS
- ACTIVE Status
Beautiful 2302 sq ft home . Features a large living/dining area with tons of natural light, spacious kitchen with an open floor plan with the family room, access to the b...
- 3 Beds
- 3 Baths
- 2,302 SqFt.
- 2011 Year Built
- 79938 Zip Code
- 847457 MLS
- ACTIVE Status
WOW Five Bedrooms!!! Beautiful and imaculate home! Primary and Middle are two minutes from your front door. High school is around the corner. Montana, Loop 375, shopping...
- 5 Beds
- 2 Baths
- 1,966 SqFt.
- 2006 Year Built
- 79938 Zip Code
- 847456 MLS
- ACTIVE Status
Wow a must see. Open floor plan.Recently remodeled thru out. In Horizon City close to schools,retail & shopping centers. This is a property that will not last on the mark...
- 3 Beds
- 2 Baths
- 1,543 SqFt.
- 1997 Year Built
- 79928 Zip Code
- 847449 MLS
- ACTIVE Status
This gorgeous Cullers Home built in 2019 located in the desirable Cimarron Canyon Subdivision is a must see! Features include Chef's Kitchen with Farmhouse Sink, Quartz C...
- 4 Beds
- 3 Baths
- 2,102 SqFt.
- 2019 Year Built
- 79911 Zip Code
- 847446 MLS
- ACTIVE Status
Cozy single level home located in northeast El Paso. Spacious living room, and kitchen has ample cabinet space. Good size rooms . Two car garage, and the washer/dryer roo...
- 4 Beds
- 2 Baths
- 1,310 SqFt.
- 2004 Year Built
- 79934 Zip Code
- 847445 MLS
- ACTIVE Status
Well maintained Cul-de-sac home perfect for a starter home, this home offers 3 bedroom a loft and a small room that can be used as an office, and 2.5 bath. if you are l...
- 3 Beds
- 3 Baths
- 1,530 SqFt.
- 1991 Year Built
- 79936 Zip Code
- 847440 MLS
- ACTIVE Status
Great Location 2 Story 3Bedroom 2.5 Bath All Appliance included. Close BY Schools Shopping Centers Eatery and Nice Neighborhood Granite kitchen cabinets Big Back Yard
- 3 Beds
- 3 Baths
- 1,711 SqFt.
- 2010 Year Built
- 79938 Zip Code
- 847439 MLS
- ACTIVE Status
This beautiful, spacious home sits on a cul de sac in the Tierra Del Este subdivision. Equipped with 3 beds (all located upstairs), 2.5 baths, an extra spacious room upst...
- 3 Beds
- 3 Baths
- 2,399 SqFt.
- 2012 Year Built
- 79938 Zip Code
- 847431 MLS
- ACTIVE Status
Are you looking for a well-maintained home on a HUGE LOT!!?? Look no further, you found it!! This home features an updated kitchen with new cabinetry and living areas, in...
- 4 Beds
- 3 Baths
- 1,810 SqFt.
- 1987 Year Built
- 79936 Zip Code
- 847430 MLS
- ACTIVE Status
Amazing views of the sunset and the privacy of an established neighborhood in a great location. Architectural-height Ceilings and an Open Concept make this two level ho...
- 5 Beds
- 2 Baths
- 1,781 SqFt.
- 2004 Year Built
- 79932 Zip Code
- 847429 MLS
- ACTIVE Status
Welcome home! Come see this well-maintained, cozy West Side house, close to shops and restaurants and easy access to I-10, making your commute to downtown or Fort Bliss e...
- 3 Beds
- 2 Baths
- 1,525 SqFt.
- 1994 Year Built
- 79912 Zip Code
- 847365 MLS
- ACTIVE Status
Lovely Five bedroom home Two Master suites on large corner lot with plenty of parking. Plus Refrigerated Air .Featuring two living & two dining areas, & 3 baths.Beautiful...
- 5 Beds
- 3 Baths
- 2,390 SqFt.
- 1979 Year Built
- 79912 Zip Code
- 847351 MLS
- ACTIVE Status
Duplex in 79904. Each unit is identical at 922sq foot each side. Each unit holds 2 bedrooms, 1 bathroom, a kitchen, and living area.
- 4 Beds
- 2 Baths
- 1,844 SqFt.
- 1984 Year Built
- 79904 Zip Code
- 847420 MLS
- ACTIVE Status
West side gem a few blocks from Coronado High School. Very close to I-10 restaurants and shopping centers. 1/3 acre cul de sac lot. 4 bed room home plus maids room and 4 ...
- 4 Beds
- 4 Baths
- 3,076 SqFt.
- 1966 Year Built
- 79912 Zip Code
- 847407 MLS
- ACTIVE Status
This FAMILY-SIZED, single-story, 5-bedroom/2-bath home, on a good-sized cul de sac lot close to everything, is move-in ready! The carpeted formal living room offers a coz...
- 5 Beds
- 2 Baths
- 2,480 SqFt.
- 2007 Year Built
- 79835 Zip Code
- 847406 MLS
- ACTIVE Status
What a Gem! Waiting for the new owners, hurry won't last. This 3 Bedroom 2 full bath has a large Loft area that can be used as a spacious office or entertainment room. ...
- 3 Beds
- 2 Baths
- 1,554 SqFt.
- 2000 Year Built
- 79934 Zip Code
- 847397 MLS
- ACTIVE Status
This cozy Eastside home features 3 bedrooms and 2 baths. The paved backyard is perfect for grilling and get togethers with family and friends. Nearby Ponder Park is great...
- 3 Beds
- 2 Baths
- 1,360 SqFt.
- 1964 Year Built
- 79925 Zip Code
- 847390 MLS
- ACTIVE Status
It's Summer Time! Cool off in this salt water pool! This home is perfect for your backyard enjoyment with an outdoor kitchen, large covered patio, night lighting, waterfa...
- 4 Beds
- 2 Baths
- 2,371 SqFt.
- 2005 Year Built
- 79928 Zip Code
- 847389 MLS
- ACTIVE Status
Striking two story stucco home with a tile roof on a low traffic lane in Franklin Hills. This home has dual living and dining areas. The impressive living/dining room has...
- 4 Beds
- 3 Baths
- 2,550 SqFt.
- 2003 Year Built
- 79912 Zip Code
- 847388 MLS
- ACTIVE Status
Located in the Heart of Horizon, you will love everything this 4 bedroom, 2 bathroom home has to offer! From the artificial turf front landscaping, to the side courtyard ...
- 4 Beds
- 2 Baths
- 1,594 SqFt.
- 2007 Year Built
- 79928 Zip Code
- 847369 MLS
- ACTIVE Status
LUXURY LIVING IN HIGHLY SOUGHT AFTTER UPPER VALLEY PLACE COMMUNITY! This home is well suited for the home owner who wants a hacienda style retreat equipped with 4 bedroom...
- 4 Beds
- 3 Baths
- 3,048 SqFt.
- 2020 Year Built
- 79932 Zip Code
- 847366 MLS
- ACTIVE Status
Don't miss out on this beautiful custom home built by Punto Living in Cimmaron close to shopping, restaurants and more! Fabulous open floor plan with high ceilings. Beaut...
- 4 Beds
- 3 Baths
- 2,487 SqFt.
- 2013 Year Built
- 79911 Zip Code
- 847362 MLS
- ACTIVE Status
This beautiful spanish style Eastside home features 3 bedrooms, 2.5 baths, a fireplace, stainless steel appliances, beautiful granite countertops and shutters throughout....
- 4 Beds
- 3 Baths
- 1,791 SqFt.
- 2016 Year Built
- 79938 Zip Code
- 847363 MLS
- ACTIVE Status
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