Hondo, NM

Hondo is a small town located in the southwestern corner of New Mexico. The population is just over 2,000 people and the median household income is just over $40,000. Hondo has a strong agricultural economy and is home to several large ranches. However, the town's real estate market has been growing rapidly in recent years as more and more people are looking for affordable housing options in close proximity to major metropolitan areas.

There are currently three major real estate companies operating in Hondo: Berkshire Hathaway HomeServices (BHHS), Coldwell Banker Residential Brokerage (CBRB), and Keller Williams Realty Southwest (KWRS). Together, they have over 100 years of experience in the local market and are well-equipped to meet the needs of buyers and sellers alike. The average sale price for homes in Hondo during 2017 was $209,000, which represents an increase of almost 20% from 2016. In addition, there has been a significant increase in the number of homes available for sale throughout Hondo – currently there are approximately 150 listings available on Zillow compared to just 30 listings five years ago.

One reason why Hondo's real estate market has been so successful is that it offers residents a variety of housing options that range from single-family homes to apartments/condos. Additionally, many homeowners have decided to convert their properties into rental units due to the high demand for affordable housing within close proximity to major metropolitan areas such as Albuquerque and Santa Fe. As a result, there are now numerous rental properties available throughout Hondo – both new construction projects as well as older properties that have been remodeled or updated.

Overall, Hondo's real estate market continues to be very strong – especially given its relatively small population size – which makes it an ideal location for those looking for affordable housing options within close proximity to major metropolitan areas. If you're interested in buying or selling property in Hondo, be sure to contact one of the local real estate companies listed above – they will be able to help you find what you're looking for!