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market update: Market Update - In Albuquerque, New Mexico Real Estate is Local - 04/24/10 03:31 PM
All real estate is local so while we read the national news and stay abreast of what is happening in other states, we must remember that what is true of the markets in other parts of the country at any one point in time may not be not be true for Albuquerque, New Mexico.
The downturn wave in the real estate market reached the Greater Albuquerque area of New Mexico in the fall of 2007 almost a year later than several other states where the market heated up to bubble or near bubble proportions. In New Mexico, market appreciation started later, … (7 comments)
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market update: Paradise East, Westside Albuquerque (December through February) - 03/16/09 06:52 PM
Paradise East is a part of the Wetside Community of Greater Albuquerque. During the last three months, 19 homes sold in Paradise East. Currently, no homes are under contract awaiting escrow in the are. Seventy-two are actively listed for sale.
The homes that sold were on the market for an average of just over 75 days and sold at an average of 96% of their listed sales price. The average listing price of the sold homes was $230,000. The average selling price was $221,000. Homes currently listed are at an average price of $313,000.
Market Trends in the Greater Albuquerque Area
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market update: August Market Update - Greater Albuquerque Area - 09/13/08 01:01 AM
Given the facts of the August real estate market in the Greater Albuquerque Area, I'd say our region is having difficulty making up its mind which way to go. The inventory remains high with 6, 361 (9.28 months supply) homes for sale thus extending the buyers' market. Within this framework, we continue to experience the usual gentle fluctuations in the number of new listings coming on the market, the number of sales completed, and the average price of sold listings.
Continuing the yearly trend, the number of new homes that came on the market in August decreased slightly to balance out … (3 comments)
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Eloise Gift, Albuquerque New Mexico Real Estate
Albuquerque,
NM
More about me…
Gift Realty NM
Address: 5547 Timberfalls Road , Albuquerque, NM, 87114
Office Phone: (505) 554-2183
Cell Phone: (505) 363-5156
Email Me
Albuquerque, New Mexico real estate news, views, and information about Greater Albuquerque neighborhoods, real estate market; buying, selling, investing in Albuquerque homes by Eloise Gift, Managing Broker/Owner, Gift Realty NM; information about Northeast Albuquerque, Northwest Albuquerque, Southeast Albuquerque, Southwest Heights, Los Ranchos, North Valley, Placitas, Corrales, Rio Rancho, Los Lunas.
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