El Paso is a city in and the seat of El Paso County, Texas, United States. It is situated in the far western corner of the U.S. state of Texas.
El Paso stands on the Rio Grande river across the Mexico–United States border from Ciudad Juárez, the most populous city in the Mexican state of Chihuahua. The two cities, along with Las Cruces in the neighboring U.S. state of New Mexico, form a combined international metropolitan area sometimes referred to as the Paso del Norte or El Paso–Juárez–Las Cruces. The region of over 2.7 million people constitutes the largest bilingual and binational work force in the Western Hemisphere.
The city is the headquarters of Western Refining, a Fortune 500 company, and three publicly traded companies, as well as home to the Medical Center of the Americas, the only medical research and care provider complex in west Texas and southern New Mexico, and the University of Texas at El Paso, the city's primary university. The city hosts the annual Sun Bowl college football post-season game, the second oldest bowl game in the country.
El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss call the city home. Fort Bliss is one of the largest military complexes of the United States Army and the largest training area in the United States. Also headquartered in El Paso are the DEA domestic field division 7, El Paso Intelligence Center, Joint Task Force North, United States Border Patrol El Paso Sector, and the US Border Patrol Special Operations Group (SOG).
In 2010, El Paso received an All-America City Award. As of January 2014, El Paso has been ranked the safest large city in the U.S. for four consecutive years and has ranked in the top three since 1997. As of July 1, 2016, the population estimate for the city from the U.S. Census was 683,080. Its U.S. metropolitan area covers all of El Paso and Hudspeth counties in Texas, and has a population of 841,971. The El Paso metropolitan area forms part of the larger El Paso–Las Cruces CSA, with a population of 1,056,178.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in El Paso, Texas. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In El Paso, Texas, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Texas, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Houston-The Woodlands-Sugar Land||$235,600||8.40%|
|San Antonio-New Braunfels||$222,600||5.70%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Texas.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the census of 2010, 649,121 people, 216,694 households, and 131,104 families resided in the city. The population density was 2,263.0 people per square mile (873.7/km²). There were 227,605 housing units at an average density of 777.5 per square mile (300.2/km²).
According to the 2010 US Census, the racial composition of El Paso was:
Ethnically, the city was:
There were 182,063 households out of which 42.4% had children under the age of 18 living with them, 54.6% were married couples living together, 18.5% had a female householder with no husband present, and 22.5% were not families. About 19.2% of all households were made up of individuals, and 7.2% had someone living alone who was 65 years of age or older. The average household size was 3.07 and the average family size was 3.54.
In the city, the population was distributed as 31.0% under the age of 18, 10.0% from 18 to 24, 29.1% from 25 to 44, 19.2% from 45 to 64, and 10.7% who were 65 years of age or older. The median age was 31 years. For every 100 females, there were 90.4 males. For every 100 females age 18 and over, there were 85.0 males.
The median income for a household in the city was $32,124, and for a family was $35,432. Males had a median income of $28,989 versus $21,540 for females. The per capita income for the city was $14,388. About 19.0% of families and 22.2% of the population were below the poverty line, including 29.8% of those under age 18 and 17.7% of those age 65 or over.
El Paso has a diversified economy focused primarily within international trade, military, government civil service, oil and gas, health care, tourism and service sectors. The El Paso metro area had a GDP of $29 billion in 2011. There were also $92 billion worth of trade in 2012. Over the past 15 years the city has become a significant location for American-based call centers. Cotton, fruit, vegetables, and livestock are also produced in the area. El Paso has added a significant manufacturing sector with items and goods produced that include petroleum, metals, medical devices, plastics, machinery, defense-related goods and automotive parts. The city is the second busiest international crossing point in the U.S. behind San Diego.
El Paso is home to one Fortune 500 company, Western Refining, which is listed on the New York Stock Exchange. This makes the city one of six Texas metro areas to have at least one Fortune 500 company call it home; the others being Houston, Dallas-Fort Worth, San Antonio, Austin and Corpus Christi. The second publicly traded company is Helen of Troy Limited, a NASDAQ-listed company that manufactures personal health care products under many labels, such as OXO, Dr. Scholl's, Vidal Sassoon, Pert Plus, Brut and Sunbeam, and the third is El Paso Electric listed on the New York Stock Exchange, a public utility engaging in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. The fourth publicly traded company is Western Refining Logistics also traded in the New York Stock Exchange. It is a Western Refining subsidiary which owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets.
|Largest Employers in El Paso|
|2||El Paso Independent School District|
|3||City of El Paso|
|4||Ysleta Independent School District|
|5||T & T Staff Management L.P.|
|7||University of Texas at El Paso|
|8||El Paso Healthcare System, LTD.|
|9||El Paso County|
|10||El Paso Community College|
|11||U.S. Customs and Border Protection|
|12||Automatic Data Processing, Inc.|
|13||University Medical Center|
|15||Texas Tech University Health Sciences Network|
More than 70 Fortune 500 companies have offices in El Paso, including AT&T, ADP, Boeing, Charles Schwab, Delphi, dish network, Eureka, Hoover, Raytheon, Prudential Financial, USAA and Verizon Wireless. Hispanic Business Magazine included 28 El Paso companies in its list of the 500 largest Hispanic owned businesses in the United States. El Paso's 28 companies are second only to Miami's 57. The list of the largest Hispanic owned businesses includes companies like Fred Loya Insurance, a Hispanic 500 company and the 18th largest Hispanic business in the nation. Other companies on the list are Dos Lunas Spirits, Dynatec Labs, Spira Footwear, Datamark, Inc. and El Taco Tote. El Paso was home to El Paso Corporation formerly known as El Paso Natural Gas Company.
The city also has a large military presence with Fort Bliss, William Beaumont Army Medical Center and Biggs Army Airfield. The defense industry in El Paso employs over 41,000 and provides a $6 billion annual impact to the city's economy. Fort Bliss was chosen as the newly configured U.S. Air Force Security Forces Regional Training Center which will bring 8,000 to 10,000 Air Force personnel annually.
In addition to the military, the federal government has a strong presence in El Paso to manage its status and unique issues as an important border region. Operations headquartered in El Paso include the DEA domestic field division 7, El Paso Intelligence Center, Joint Task Force North, U.S. Border Patrol El Paso Sector and U.S. Border Patrol Special Operations Group (SOG).
Call center operations employ more than 10,000 people in the area. Automatic Data Processing has an office in West El Paso, employing about 1,100 people with expansion plans to reach 2,200 by 2020.
Tourism is another major industry in El Paso, bringing in $1.5 billion-a-year and over 2.3 million visitors annually due to the city's sunny weather, natural beauty, rich cultural history and many outdoor attractions.
Education is also a driving force in El Paso's economy. El Paso's three large school districts are among the largest employers in the area, employing more than 20,000 people among them. UTEP has an annual budget of nearly $418 million and employs nearly 4,800 people. A 2010 study by the university's Institute for Policy and Economic Development stated the university's impact on local businesses is $417 million annually.