Real Estate Market Overview for El Paso

FOR IMMEDIATE RELEASE

Contact:
Arnoldo Esparza
Broker / Owner
EXIT West Realty in El Paso
(915)585-3948
Arnold@exitwestrealty.com

Real Estate Market Overview for El Paso
EXIT West Realty offers insights into the local real estate market

El Paso, TX (Grassroots Newswire) January 11, 2011 -- According to the Greater El Paso Association of REALTORS (GEPAR), home sales in the El Paso market were up by 21.22% last month.

"What this means for home sellers is with less inventory lower interest rates and more closed transactions, it is an outstanding time to be on the market. There were 457 Closed Transactions in December 2010 vs. 377 in November 2010, with an Average Sales Price of $151,501 up from $144,679. Ending what was so called a slow year on an up beat note. We also have seen a decrease in inventory of about 8% for second month in a row. Average days on market are now 97.2 Days.", said Arnoldo Esparza, Broker / Owner, of EXIT West Realty. "And for homebuyers January and February are the best time of the year to buy, because these are historically slower months of the year, competition is low. With interest rates at historic lows, now is the time to make those offers."

This has been called by many professionals the best market in 20 years.

"El Paso continues to be a great place to live and raise a family," concluded Esparza.

EXIT West Realty is an independently owned and operated real estate franchise and Arnoldo Esparza is an expert in the local market. For more information about EXIT West Realty, please call (915)585-3948. EXIT West Realty is located at 299 Shadow Mountain, El Paso, TX 79912.