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People make houses a HOME and a COMMUNITY!
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"Variety is the Spice of Life!" Albuquerque & Rio Rancho diversity is more vibrant and spicier than ever! There is always something exciting to do or see.
Our Southwestern culture is unique, blessed by a colorful ethnic history. It is the people that make Albuquerque special. This is a place to work, live and call home. Following is our SW MULTIPULE MARKET STATISTIC REPORT FOR June of 2008!
Your REALTORS® Welcome You to Albuquerque
Located in central New Mexico, Albuquerque is the largest city in the state and the perfect location to experience the authentic Southwest. From the dormant volcanoes in the west to the majestic Sandia Mountains in the east, stretching north and south along the Rio Grande River Basin, the Albuquerque Area embraces a plentitude of beautiful landscapes. Albuquerque combines a unique blend of multi-culturalism, natural beauty, profound historic attractions, spectacular climate with four distinct seasons, museums, galleries and shopping to create a diverse and unforgettable visit for every kind of visitor. With museums, fiestas, theatres, cuisine, music and sports, Albuquerque is a high desert city full of activities for everyone. Albuquerque's unique location provides big city conveniences with rural charm.
REALTORS® put 1,769 homes under contract in the month of June. For our Market Area, sales are up 9.5% for Detached homes since May. Mediam and Average Sales prices are up for Detached and Attached properties since last year at this time. The number of new listings is going down since last month. This may be telling us that the Market is finally leveling off.
Homes sales in our Market Area have been increasing since January 2008. Our top three selling areas, Area 50 (NE Heights), Area 92(SW Heights) and Area 120 (Paradise West) continue to be the top selling areas for May and June.
Most of the homes that are selling in our Market Area are between $200K and $250K. With FHA modernization the cap is about $271,000 and with the Average Sales price of $248,375 in Greater Albuquerque, we'll see more consumers use the FHA Product. NMFA Bond mcontinues to help first time homebuyers achieve Homerownership.
Statistics for Rio Rancho for single-Family Detached:
Average Price $211,439
Median Price $185,750
Existing Condo/Townhomes:
Average Price $125,454
Median Price $123,750
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“Houses can form a neighborhood but only people can make it a Community."
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Community is an essential part of family, of lifestyle, and of real estate.
Understanding local conditions in Albuquerque is important when it comes to buying and selling real estate, but the neighborhood you choose can have a dramatic impact on all other aspects of your life as well.
When it’s time to move, call me for information on the Albuquerque market knowledge, and the confidence to help you make the best transaction possible. Enjoy! Mary
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Complimentary Neighborhood Kit
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The Neighborhood Kit includes:
Upcoming Community Events
Public and Private School Information
Current Real Estate Listings
Local Maps
Brochures and Photos
To receive your neighborhood kit simply fill in this form and include your mailing address in the comments section.
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Tips for Finding the Perfect Neighborhood
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1. Make a list of all of the amenities that are close by in the neighborhood you are considering as your new residence. Keep in mind what distances and routes to each of these places are acceptable and what are not.
2. Determine what the best features of the neighborhoods are. This is especially helpful if you are deciding between a few different neighborhoods.
Are there parks nearby?
Is it scenic and visually appealing?
Are there quiet areas, streets, culs de sac?
Are the people friendly in the neighborhood?
Is the neighborhood clean? Yards, streets, parks?
Are there nice trees and foliage?
Do the lots have large or small yards?
Are there walkways and are they easily accessible?
Is it a safe neighborhood?
What are the market values of the homes in the area?
Are there many houses for sale?
How long ago was the community developed?
What is the average age of the people in the area?
Are there families with small children in the area?
What is the proximity to schools?
Are there community events or organizations?
3. Walk around in the neighborhood. The best way to determine the cleanliness and friendliness of the neighborhood is to walk around in it and meet its residents.
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