Average home sales prices in Valencia County, NM, appreciated quite a bit in 2007 over 2006. Statistics from the Albuquerque Metropolitan Board of Realtors indicate that average sales prices in Valencia County were up nearly $10,000 for single-family, detached homes, compared to the figures from the previous year.

As the chart indicates, the average sales price for 2007 was $184,803 in 2007, vs. $175,068 for 2006. The average listing price for these properties was $190,485, compared to an average list price of $178,499 in 2006.

These are not bad figures at all for home sellers in such Valencia County towns as Bosque Farms, Peralta, Los Lunas, and Belen! These rural homes and small town properties are continuing to have excellent appreciation! The figures also indicate that sellers are not having to negotiate down very much from their list prices, either. In fact, the average home sold for 97% of asking price!

A little less positive note is struck by the figures for days on the market, and number of actual homes sold, though. The average days on the market for homes closed in 2006 was 64, but in 2007 that figure went up to an average of 70 days on the market. Similarly, 2006 saw 834 closings of single-family residential properties in the area, but there were only 630 such sales in 2007. So there are fewer buyers out there, and it is taking longer to sell a home. It is increasingly important that sellers

• Make sure the home is "staged to sell."
• Get an accurate market analysis and price the property in line with its market value
• Choose an experienced, agressive agent who can, and will market the property effectively.