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Listed below you will see our featured properties available for sale. These are homes that we currently represent at Legacy Real Estate Services. Please keep in mind homes under contract or recently sold are not displayed. If you are curious about any of the properties below or would like a personal tour, please contact us today. We’d love to share the features that make these homes noteworthy. If you would like to see YOUR home listed below, please give us a call at 915-494-0949 to receive a personal in-home consultation or click here to get your FREE home market analysis.

What Does 2021 Have in Store for Home Values?

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained:

“Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes on the market.

While the pandemic left many in positions of financial insecurity, those who maintained employment and income stability are also incentivized to buy given the record-low mortgage rates available; this is increasing buyer demand while for-sale inventory is in short supply.”

Where will home values go in 2021?

Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase.

Housing Supply

According to the National Association of Realtors (NAR), the current number of single-family homes for sale is 1,080,000. At the same time last year, that number stood at 1,450,000. We are entering 2021 with approximately 370,000 fewer homes for sale than there were one year ago.

However, there is some speculation that the inventory crush will ease somewhat as we move through the new year for two reasons:

1. As the health crisis eases, more homeowners will be comfortable putting their houses on the market.

2. Some households impacted financially by the pandemic will be forced to sell.

Housing Demand

Low mortgage rates have driven buyer demand over the last twelve months. According to Freddie Mac, rates stood at 3.72% at the beginning of 2020. Today, we’re starting 2021 with rates one full percentage point lower than that. Low rates create a great opportunity for homebuyers, which is one reason why demand is expected to remain high throughout the new year.

Taking into consideration these projections on housing supply and demand, real estate analysts forecast homes will continue to appreciate in 2021, but that appreciation may be at a steadier pace than last year. Here are their forecasts:

Bottom Line

There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of “supply and demand” mandates that home values in the country will continue to appreciate.

Our Featured Properties

5809 Valley Spruce Drive, El Paso $390,000

This beautiful brick Saratoga home was built in 2019 and sits on a quiet cul de sac on almost half of an acre! This home features a triple car garage, granite counters th...

4 Beds
3 Baths
2,328 SqFt.
2019 Year Built
79932 Zip Code
853161 MLS
ACTIVE Status

2837 Bear Rock Place, El Paso $215,000 ▲

JUST LISTED! MOVE-IN READY. Freshly painted inside and outside. All neutral colors, all tile flooring, no carpet, Open floor plan concept. Two living areas. Refri...

4 Beds
2 Baths
1,676 SqFt.
2010 Year Built
79938 Zip Code
853132 MLS
PENDING ACCEPTING OFFERS Status

12564 Paseo Alegre Drive, El Paso $241,899

Beautiful 2 story. 3 bedrooms and enormous loft upstairs. Formals. All Tile and laminate wood flooring (no carpet) and recently painted. Both front and backyard have ...

3 Beds
3 Baths
2,108 SqFt.
2005 Year Built
79928 Zip Code
852890 MLS
PENDING ACCEPTING OFFERS Status

244 Everest Drive, El Paso $1,050,000

Welcome to the prestigious community of Cumbre Estates where you will enjoy panoramic views of the entire southwest region without an HOA. The homes exterior is freshly p...

6 Beds
5 Baths
5,630 SqFt.
2002 Year Built
79912 Zip Code
852796 MLS
ACTIVE Status

14241 Patriot Point Drive, El Paso image

14241 Patriot Point Drive, El Paso $200,000

GREAT, open concept, home in the popular Tierra Del Este subdivision. Near schools, shopping, and entertainment, this home is waiting for you! Upon entering the home you ...

3 Beds
3 Baths
1,617 SqFt.
2008 Year Built
79938 Zip Code
852502 MLS
ACTIVE Status

14045 Tower Point Way, El Paso $275,000

Beautiful home in the desirable subdivision of Tierra Del Este. Upon entering the home is your spacious living room. Walk through to your gorgeous kitchen where you will ...

4 Beds
3 Baths
2,802 SqFt.
2009 Year Built
79938 Zip Code
852397 MLS
ACTIVE Status

3204 Tierra Palma Drive, El Paso $215,000

Magnificent home located in the Tierra Del Este subdivision. Fantastic curb appeal with low maintenance landscaping. The living room is spacious and has high ceilings and...

4 Beds
3 Baths
1,787 SqFt.
2005 Year Built
79938 Zip Code
851700 MLS
PENDING ACCEPTING OFFERS Status

4589 Robert Acosta Drive, El Paso $159,950

Welcome to the highly desirable North Hills subdivision. This home features a brand new 5-ton refrigerated air system, lush green fully landscaped backyard, no back-door ...

3 Beds
2 Baths
1,280 SqFt.
2000 Year Built
79934 Zip Code
850886 MLS
PENDING ACCEPTING OFFERS Status

10701 Mcallen Place, El Paso $135,000

Fantastic home with tons of charm and fantastic, low maintenance curb appeal. Wake Up and make your dreams come true at this one story home in Northeast El Paso. With eas...

3 Beds
2 Baths
1,301 SqFt.
1979 Year Built
79924 Zip Code
849964 MLS
PENDING ACCEPTING OFFERS Status

3101 Mountain Avenue, El Paso $120,000

Great Investment Opportunity!!! This property sits on a corner lot and has great potential. This property sits high and has views of downtown and all of south El Paso. T...

3 Beds
2 Baths
1,194 SqFt.
1950 Year Built
79930 Zip Code
849478 MLS
PENDING ACCEPTING OFFERS Status

14 Lone Crest Drive, El Paso $120,000

The perfect land to build the house of your dreams away from the hustle and bustle of the city. These lots offer an incredible view of the mountain that transmits peace. ...

79902 Zip Code
848110 MLS
ACTIVE Status

Anthony Pass Road, Anthony $250,000

6.43 acres of vacant land available for development. Located in Anthony, TX, adjacent to the city park and bordering the state line.

79821 Zip Code
846785 MLS
ACTIVE Status

3305 Capella Avenue, El Paso $171,000 ▲

BACK ON THE MARKET. MOVE-IN READY. Recent FHA appraisal & new survey on file for quick closing. PRIDE OF OWNERSHIP. This well maintained home features 3 bedrooms, 2 ba...

3 Beds
2 Baths
1,500 SqFt.
1957 Year Built
79904 Zip Code
846518 MLS
PENDING ACCEPTING OFFERS Status

0001 Macarena Tract B-4 Avenue, Anthony image

0001 Macarena Tract B-4 Avenue, Anthony $139,500

7.43 Acres of land for sale Zoned Residential. Tract B-4 on Macarena Avenue. Horses allowed. Covenants do not allow mobile homes. Threemore lots for sale each is 7.4 Acre...

0 Baths
1 Year Built
88021 Zip Code
845187 MLS
ACTIVE Status

0001 Cristo Vista Tract B-2 Avenue, Anthony image

0001 Cristo Vista Tract B-2 Avenue, Anthony $139,500

7.456 Acres of land for sale Zoned Residential. Tract B-2 Off Cristo Vista Avenue. Horses allowed. Covenants do not allow mobile homes.Three more lots available for sale ...

0 Baths
1 Year Built
88021 Zip Code
845185 MLS
ACTIVE Status

258 Mountain Vista Tract B-1 Road, Anthony image

258 Mountain Vista Tract B-1 Road, Anthony $139,500

7.45 Acres of land for sale Zoned Residential. Tract B-1. Corner of Cristo Vista Avenue and Mountain Vista Road. Horses allowed. Covenantsdo not allow mobile homes. Three...