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Paradise East Real Estate Stats for August 2011

By
Real Estate Agent with eXp Realty

Paradise East is an area of Northwest Albuquerque that goes from Coors Blvd west to Unser Blvd, and from Paseo Del Norte north to the border with Rio Rancho.

Paradise East Includes the nieghborhoods Paradise Hills, Congress Heights, Knolls of Paradise, Piedras Marcadas, Richland hills, Stonebridge, Tuscany and others.

THe graph below shows a 13 month history of home for sale, homes sold and pending sales.

Paradise East Real Estate Stats

Inventory is down considerably from this time last year. Home sales have held relatively steady for the last four or five months, as have pending sales.

In fact, this is the best time in recent memory to try and sell a home in paradise East as this graph below shows:

Supply/Demand Ratio

 

Considering selling your NW ALbuquerque home? Please CALL or Text me at 505.803.5012 for more information.

Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Rich,

Great report; The present market is good for sellers. Don't you think it's easier for buyers to make a decision when they're not overwhelmed with choices?

Steve

Sep 15, 2011 05:20 PM
Rich Cederberg
eXp Realty - Albuquerque, NM
eXp Realty Agent Albuquerque

Steve, that's a great point, there was almost too much choice last year. 

Sep 15, 2011 05:53 PM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Rich,

Your market absorption rate has shown great strides of improvement since January.  Hope the trends keep going in your favor... g

Sep 16, 2011 06:40 AM