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Affordable Homes and El Paso’s Unique Real Estate Market

Every home buyer is looking for a good deal. El Paso is a great market for affordable homes, as the standard of living is not sky high but there is still a lot of growing industry and development. This makes for ripe territory to build great new homes at an affordable cost.

The El Paso market is impacted by a lot of factors. Just like any other real estate market, the state of the economy in the country lays a huge role in how people are buying homes. As it stands today the market is doing really well. There is economic independence and growth throughout the nation and there is confidence in investing and the stock market. These are good signs for any real estate market and El Paso is seeing the fruits of this.

In fact, El Paso is ranked one of the fourth hottest real estate markets in 2018. The El Paso Times reported that El Paso ranked ahead of Fort Worth, Austin,  and San Antonio. This ranking was done by Trulia.com, one of the biggest real estate websites in the nation. It indicates the state of affordable houses in El Paso and the demand for great homes.

A Diverse Community

Part of what makes El Paso a burgeoning market is the fact that we are quite a diverse community. We not only see people moving here from Mexico, but also military families that get stationed at Fort Bliss. This creates a lot of demand and that makes homes more affordable and gives families an opportunity to get their dream home without paying a huge price.

In late 2017, KVIA reported that according to the Texas Association of Realtors several neighborhoods in El Paso saw a great surge in home sales. These include the east side of town and some of the growing communities in those areas.

Buyers Want Newly Built

It was also reported that there is a big demand in the area for newly built homes. There seems to be quite the indication that this is what buyers want. Newly constructed homes are still affordable homes, but they come with a whole new set of benefits and perks that home buyers are looking for today. Some of these new benefits include newer amenities, higher energy efficiency,  and modern layouts. Home buyers also know this means less upfront maintenance and stress over malfunctioning parts of the house. A new home is a new start and many people are looking to start new in the growing Sun City.

Get Affordable Homes with Palo Verde

As a locally owned and operated company, Palo Verde Homes are highly dedicated to the El Paso community and part of our mission is to build beautiful and affordable homes that are unmatched in performance and quality. Check out our floor plans and see for yourself! Gives us a call today and get your dream started.