Clovis is different from the rest of the country and we are in a "HOUSING BUBBLE" The Clovis area is experiencing steady growth in the area, as people have been inquiring about housing from various areas all over the country. Our market is stable and steady.
With substantial growth with AFSOC, we encourage those in the market to buy homes to do so now while we have the inventory, as we are already seeing a great influx of home purchases. Some buyers are choosing to buy in neighboring Texas communities to find a more affordable home and better buys.
Interest rates are still very low. Our local lenders are still making loans. First Time Buyer New Mexico Finance Authourity have some remarkable programs available.
Also, as Cannon Air Force Base continues to expand with the AFSOC mission, we expect continued, substantial steady growth as a result of this new Special Operations mission throughout the next several years.
Southwest Cheese, one of the largest cheese plants in the world has also added to the recent growth of our area as well.
We also have been experiencing a significant increase of growth in the Dairy,Cattle & Wind Farm Industries in the area.
We are very excited about the economy and the future of Clovis, Cannon AFB and the surrounding area.
Home Sales are down from recent months, and buyers are encouraged to take advantage of the market while there are homes to choose from before we see the demand go up. There are 4 new sub-divisons with new construction.Builders are being competetive with reasonable offers for qualified Buyers.
There are currently over 350 properties to choose from in our Clovis MLS System and buyers are still getting great buys because of lower interest rates and sellers are reducing prices on older recently renovated homes to compete with new construction.
Lenders are more cautious, but fixed rates are readily available. Also, there are still New Mexico Finance Authority First Time Buyer lower interest rates available. Some local lenders are offering FHA 203 K loans for remodeling to older homes in conjunction with Lowe's Home Imorovement partnership.
NOW IS THE TIME TO BUY! CURRENT INTEREST RATES ARE 3.5% 30 YEAR FIXED
ZIP Code: 88101 Approximate Location Boundaries: TEXICO, PORTALES, MELROSE, FARWELL
Location Characteristics: Clovis stands at the gateway to the Land of Enchantment and serves as the retail and service hub for a trade area of 165,000 people in Eastern New Mexico and West Texas. U.S. Highways 60/84 and 70 intersect with New Mexico Highway 209 in Clovis, connecting businesses and visitors to the entire Southwest. Clovis is also strategically located on the main East-West line of the Burlington Northern Santa Fe Railroad. Private and commercial air service is available at the FAA certified Clovis Municipal Airport serviced by Great Lakes Airlines. Clovis is centrally located on the High Plains of Eastern New Mexico at an elevation of 4,280 feet. The climate is ideal with a mean temperature of 57 degrees and average rainfall of 17 inches. The high altitude and dry air make for pleasant days and cool nights. Seldom does the temperature drop below freezing in the winter, and the arid climate makes warm sunny days more enjoyable. Mild spring and autumn days allow Eastern New Mexicans year-round outdoor enjoyment. The sun shines an average of 355 days. Clovis is home to the 27th special operations wing at Cannon AFB, Burlington Northern Santa Fe Railroad, Dairy & Agriculture Industries, and soon to open one of the World's Largest Cheese Plants in the U.S. Clovis has hospitality as big as it's skies! We welcome people from all walks of life and love visitors, and we would like to welcome you in advance!
About Sharon Hicks-Broker/Agent:
Over 39 years of service to the real estate needs of people moving to and from the Greater Clovis and West Texas areas. Let us put that experience to work for you!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
