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Ask Us About Our Featured Listings
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.
Why Selling Your House on Your Own Is a Mistake (video)
Our Featured Properties
Located in the highly desirable private guard-gated community of Camino Estancias, this exceptional modern fusion home boasts impressive architectural design elements and...
- 5 Beds
- 7 Baths
- 6,342 SqFt.
- 1990 Year Built
- 79912 Zip Code
- 841172 MLS
- ACTIVE Status
NEW ON THE MARKET. Move-In Ready.Single story 3 bedroom home on Las Palmas gated community. Las Palmas community is designed with family in mind. You can enjoy the Resor...
- 3 Beds
- 2 Baths
- 1,379 SqFt.
- 2009 Year Built
- 79936 Zip Code
- 841138 MLS
- PENDING ACCEPTING OFFERS Status
MOVE-IN READY. Freshly painted exterior, refrigerated a/c, all tile flooring, no carpet, open floor plan design, 2 living areas, family room with fireplace, stainless ste...
- 4 Beds
- 2 Baths
- 1,697 SqFt.
- 2005 Year Built
- 79938 Zip Code
- 841137 MLS
- ACTIVE Status
MOVE-IN READY home awaits new owners. Three spacious bedrooms plus loft, All Bedrooms upstairs, High ceilings as you enter, All tile flooring on first level, New carp...
- 3 Beds
- 3 Baths
- 1,850 SqFt.
- 2004 Year Built
- 79938 Zip Code
- 841107 MLS
- ACTIVE Status
Gorgeous home in Gateway Estates with easy access to 375 and 20 minutes from Ft Bliss, directly across from a park. This home has outstanding curb appeal and low maintena...
- 4 Beds
- 3 Baths
- 1,855 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 840820 MLS
- ACTIVE Status
Gorgeous, newly renovated brick home nestled on a large corner lot in a quiet cul de sac. Outstanding curb appeal surrounded by stunning views in every direction. As you ...
- 3 Beds
- 2 Baths
- 2,218 SqFt.
- 1973 Year Built
- 79904 Zip Code
- 840690 MLS
- ACTIVE Status
Fantastic townhouse located in the prestigious Chaparral Park subdivision, directly across from Polk Elementary. This charming home offers a single car garage and a carpo...
- 2 Beds
- 2 Baths
- 1,686 SqFt.
- 1984 Year Built
- 79912 Zip Code
- 840230 MLS
- PENDING ACCEPTING OFFERS Status
Fantastic home located in a quiet neighborhood in Coronado Hills! This home has awesome curb appeal and exudes charm. As you enter the home, you are greeted by a long hal...
- 4 Beds
- 2 Baths
- 3,072 SqFt.
- 1962 Year Built
- 79912 Zip Code
- 839585 MLS
- ACTIVE Status
Stunning Historical home located on a corner lot with breathtaking views all around! The curb appeal is very stately and exudes elegance. This home offers tons of old wor...
- 4 Beds
- 2 Baths
- 2,872 SqFt.
- 1918 Year Built
- 79902 Zip Code
- 837727 MLS
- PENDING ACCEPTING OFFERS Status
Great potential Lot 1.88 acre with attached manufactured metal warehouse 30 feet x 50 feet, septic tank, back flow, driveway and drainage pit required by the city.Build y...
- 0 Baths
- 2019 Year Built
- 79938 Zip Code
- 837761 MLS
- ACTIVE Status
Own a piece of land over 3.5 acres for your horses, mobile home or start building your home. Surrounded by mountain views.
- 79938 Zip Code
- 837137 MLS
- ACTIVE Status
Over 3.5 acres of Land behind the Hueco Mountains. Drive into a serene and beautiful mountain views. Bring your mobile home or build your home.
- 79938 Zip Code
- 837134 MLS
- ACTIVE Status
What fun! This home is ideal for the large family that likes to entertain. Comfortable and spacious living areas create an inviting atmosphere with an open Kitchen, great...
- 5 Beds
- 5 Baths
- 6,329 SqFt.
- 1978 Year Built
- 79922 Zip Code
- 836130 MLS
- ACTIVE Status
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
- 835934 MLS
- ACTIVE Status
7.45 Acres of land for sale Zoned Residential. Tract B-1. Corner of Cristo Vista Avenue and Mountain Vista Road. Horses allowed. Covenants do not allow mobile homes. Thre...
- 0 Baths
- 1 Year Built
- 88021 Zip Code
- 835833 MLS
- ACTIVE Status
7.43 Acres of land for sale Zoned Residential. Tract B-4 on Macarena Avenue. Horses allowed. Covenants do not allow mobile homes. Three more lots for sale each is 7.4 ...
- 0 Baths
- 1 Year Built
- 88021 Zip Code
- 835811 MLS
- ACTIVE Status
7.448 Acres of land for sale Zoned Residential. Tract B-3 Corner of Macarena Avenue and Mountain Vista Road. Horses allowed. Covenants do not allow mobile homes. Thr...
- 0 Baths
- 1 Year Built
- 88021 Zip Code
- 835776 MLS
- PENDING ACCEPTING OFFERS Status
Beautiful luxury home located on a 12,264 sqft lot. Front patio and forge iron double doors accentuate the grand entrance. Textured walls, stone, and ceiling designs ac...
- 4 Beds
- 3 Baths
- 2,845 SqFt.
- 2012 Year Built
- 79938 Zip Code
- 835404 MLS
- ACTIVE Status
A magnificent view of the mountain and City - a beautiful backdrop to your lifestyle! Enter this gated, high-end community -- the home and location are quite exceptiona...
- 4 Beds
- 4 Baths
- 3,808 SqFt.
- 2004 Year Built
- 79912 Zip Code
- 835244 MLS
- ACTIVE Status
Tuscan style villa w/ commanding views located in prestigious & gated Estancias Coronado. Custom designed by one of El Paso's premier builders, this multi level home cap...
- 5 Beds
- 5 Baths
- 6,190 SqFt.
- 1993 Year Built
- 79912 Zip Code
- 828428 MLS
- ACTIVE Status
The Hoover is a fabulous 2 story open floor plan with a 3 car garage. Walk through a beautiful arbor and courtyard as you make your way to the entrance. Once inside, you ...
- 4 Beds
- 4 Baths
- 2,822 SqFt.
- 2021 Year Built
- 79928 Zip Code
- 827682 MLS
- ACTIVE Status
The Ross is an amazing 2 story open floor plan that is ideal for entertaining and comfort. You'll feel right at home. Your eyes will be drawn to the tall ceilings in the ...
- 4 Beds
- 3 Baths
- 2,405 SqFt.
- 2021 Year Built
- 79928 Zip Code
- 827676 MLS
- ACTIVE Status
The Roosevelt is an incredible 2 story open concept plan with a 2 car garage. Once inside, the study is to your left. You will pass a full guest bathroom as you enter the...
- 5 Beds
- 3 Baths
- 2,653 SqFt.
- 2021 Year Built
- 79928 Zip Code
- 827056 MLS
- ACTIVE Status
None
- 4 Beds
- 4 Baths
- 3,710 SqFt.
- 1996 Year Built
- 79904 Zip Code
- 815650 MLS
- ACTIVE Status
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