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Rancho Encantado Albuquerque 87120 (Market Report) 2/01/12

By John McCormack, CRS

Real Estate Agent with Albuquerque Homes Realty 16572

February 02, 2012 04:03 PM

Rancho Encantado Albuquerque 87120 (Market Report) 2/01/12

Rancho Encantado Subdivision in Albuquerque is a pocket subdivision conveniently located on Albuquerque’s west side. The homes in Rancho Encantado Albuquerque are approximately 7-8 years. There is a small gated section of the community specifically for Rancho Encantado Condominiums. For this Market Report the condos are not inclusive. One of the nearby attractions for Rancho Encantado Albuquerque is the Petroglyph National Monument offering excellent trails and nature excursions.

You can view all available Rancho Encantado homes for sale in Albuquerque NM 87120
Where is the Rancho Encantado Subdivision anyway?
Find more community information here at Rancho Encantado Real Estate Blog

As of Feb 1, 2011 there is 1 Home for sale in Rancho Encantado

5924 Mesa Sombra Pl NW Albuquerque NM 87120
Listed Price $299,999
3,050 Sq.Ft, 3-4 Bedroom. 2 Full Bath, 1 Half Bath
Days on Market 4

Two homes are currently Pending final sale in Rancho Encantado

Asking price at time of contract. Low $210,000 to High $242,000
Average price at time of contract $226,000
Average size @ 2632 Sq. Ft
Average days on market 335

A total of 7 homes were recorded as sold from Jan 1, 2011 to Dec 31,2011

Low $191,000 to a High $290,000
Average Sold Price for the 7 homes $218,250
Median Price of the 7 Sold $196,000
Smallest home 1,726 Sq.ft
Largest home 2,700 Sq.ft
Average size of sold homes 2,309 Sq. ft
Average days on market 137

One of the pending homes in Rancho Encantado is a Short Sale which has skewed the days on market unfavorably. One of the sales was a bank owned property which may of had a slight negative affect pulling the over all values down just a bit. The neighborhood of Rancho Encantado is well kept and a Homeowners Association is in force to maintain the adherence to covenants. The large Rancho Encantado Park is well groomed and common areas clean.

This Rancho Encantado Albuquerque NM 87120 (Market Report) 02/01/12 is for general information only and does NOT replace a comprehensive market analysis. Each home and it amenities can range dramatically. You should always consult with a professional Realtor® or appraiser to determine your specific values. If you are considering the sale or purchase of a Rancho Encantado home I would love the opportunity to earn your business and exceed your expectations. Albuquerque Homes Realty John McCormack, Realtor®

Please watch for future Rancho Encantado market reports and community blogs.

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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

John, Such a great report on Rancho Encantado and all it has to offer. We know the time it takes to prepare these reports and you are doing a terrific job in getting these out!

Feb 02, 2012 11:22 PM

Roy Kelley

Retired - Gaithersburg, MD

Home buyers and home sellers should love your subdivision reports and they are ideal for a regular series.

It pays to know your local market when you are buying or selling a home and it is most important to select an agent that really knows the communities.

Have a great weekend.

Feb 02, 2012 11:39 PM

Toni Weidman

Sailwinds Realty - Trinity, FL

20+ Years Selling Homes in New Port Richey, FL

Good report for Rancho Encantado, John. Low inventory is good for pricing. The short sales do skew the DOM numbers, don't they!

Feb 02, 2012 11:48 PM

Keith Gilkey

Re/Max Chesapeake - Elkton, MD

410-920-7214, Re/Max Chesapeake

John, That's a great community and market report. I would like to live where they have trails in the subdivision! Have a nice day!

John, Thanks for the re-blog!

Feb 03, 2012 12:02 AM

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Hi Tim, One on the sales in Rancho Encantado was mine, this is a very nice neighborhood and well priced. Inventory is low and likely to low turnover. Prices fallen a bit but hanging in there.

Hi Rebecca, Appreciate your stopping by and taking a look at the site, it is always under construction is seems so bit our of sync right now.

Hey Anita, Thank you! I would love to work with a buyer or seller in this community. Just one left!

Hey Rog, Thanks for checking out the Video! We enjoyed the day taking all the photos and then narrating the thing, one of my earlier video challenges..

Hello Dori, Got to get those market reports and community profiles done, it never ends. Glad you like the video as well. Not sure if you watched the petroglpy or the Albuquerque one. Regardless, I do appreciate you!

Hi Michael, We are seeing sales move right along, inventory is getting low. We need some good inventory.

Hi Larry and Sheila, Yes, they are time consuming but a great way to stay connected with a community and offer those findings to the public. Hope they prove beneficial. Thank you!

Hello Roy, I agree buyers and sellers alike should be using an agent that knows the area and it's characteristics and values.

Hi Toni, Somewhat low turnover for this neighborhood mainly because the location is ideal for commutes. It does make a difference for many.

Morning Keith, Trying so share the joy and knowledge on these smaller communities. Great places to own and raise a family.

Feb 03, 2012 02:40 AM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

Hi there Qman! Nice job presenting this neighborhood. It's annoying when a short sale, or an abnormal price skews the reports... I'll check out all the links you have provided here too. Your are the guy to call in the Q, for any and all real estate needs.

Feb 03, 2012 02:46 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

John, you are the Realtor in the KNOW when it comes to neighborhoods in and around Albuquerque!

Rancho Encantado looks like a solid neighborhood!

Feb 03, 2012 03:41 AM

Roy Kelley

Retired - Gaithersburg, MD

Home buyers and home sellers will love your subdivision reports.

Have an outstanding weekend!

Feb 03, 2012 04:06 AM

Steve and Jan Bachman

RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA

Realtors - Northern Virginia

This tells 'em what they need to know John. I wish I could buy a house this affordably. Good value in the Q.

Feb 03, 2012 04:42 AM

Belinda Spillman

Aspen Lane Real Estate Colorful Colorado - Aurora, CO

Colorado Living!

Hi John, Rancho Encantado sounds like a great community. OK - you need to start translating what these names are in English. My Spanish is so bad but I would love to know what Rancho Encantado translates to. Is it entracne to the ranch??? See how bad I am.

Feb 03, 2012 04:52 AM

Kristine Ginsberg

Elite Staging and Redesign, LLC - Short Hills, NJ

NJ Home Stager

John - Rancho Enchantado is a beautiful place to live and raise a family! You couldn't get half the home for the same price in New Jersey which is funny because everyone makes fun of us - lol. Very clear, concise and easy to understand market report! Great job! Oh, and by the way, this is what NJ really looks like..

Feb 03, 2012 04:58 AM

Linda Holloway

Keller Williams Realty Tampa Central - Tampa, FL

REALTOR®, Your Next Home in Tampa Bay Starts Here!

Hi John, This is a great market report! I like the way you included the age of the homes in the subdivision. You are definitely the broker to call in Albuquerque!

Feb 03, 2012 05:44 AM

MichelleCherie Carr Crowe .Just Call. 408-252-8900

Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA

Family Helping Families Buy & Sell Homes 40+ Years

John you are providing a useful snapshot of what's happening here in NM.

Feb 03, 2012 05:49 AM

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

John,

What a nice market report and great links. I love the word encantado. We have a historic hotel here named Encantado that is being rebuilt. We used to often just go sit on the terrace and look at one of the most beautiful view in Santa Barbara. A

Feb 03, 2012 06:49 AM

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com

Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA

Tahoe Real Estate Agent Helping Buyers and Sellers

John - Great, local real estate market report. You've given everyone a lot of good information to use. This is why you are a local expert and why buyers and sellers would do well to work with you. Nicely done!

Feb 03, 2012 07:47 AM

Erika Rogers

Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT

St George Utah Real Estate & Relocation Specialist

Hi John, this is a fabulous, comprehensive report on the Rancho Encantado Albuquerque 87120 neighborhood! Hope you have a great weekend:)

Feb 03, 2012 10:26 AM

Karen Hawkins, MBA - Langley & Surrey, BC

Royal Pro Real Estate Network - Langley, BC

Very comprehensive market report, John. Great job at explaining the short sale and bank-owned effect on the statistics. Buyers seeking homes in Rancho Encantado shouldn't delay in getting in touch with you - a REALTOR that really knows his market!

Feb 03, 2012 03:29 PM

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Hi DJ, I agree it is annoying but unfortunately a fact of life we are all dealing with. The good news here is that it was only one of each

Hey Joan, Rancho Encantado really is a nice, comfortable and solid community. Thank you!

Hi Roy, Hopeful my reporting helps someone in their decision making process. They will need to call me for a more comprehensive analysis.

Hi Steve and Jan, There really are some excellent values here in Albuquerque.

HI Belinda, My best guess for the meaning of Rancho Encantado is Delightful Ranch..No promises however..LOL

Wow Kristine. What a gorgeous photograph. Thanks for sharing because this is NOT what I envision NJ being. Now I know!

Hello Linda, Trying to get these reports out to the public and hopeful it provides guidance they might need. Thank you!

Hi Michelle, Thank you kindly. Hope it all helps!

Hi Alexandra, I think the word mean delighted or delightful. It sounds like the views from the Hotel Encantado are certainly delightful!

Hello Laura, I do know the neighborhood and area well. Recently closed one in that community.

Hey Erika, Thank you kindly for the nod, have an enjoyable weekend in St. George.

Hi Karen, Would love to help some buyers or sellers considering Rancho Encantado as an option.

Feb 04, 2012 03:57 AM

Vickie Nagy

Coldwell Banker Residential Real Estate - Palm Springs, CA

Vickie Jean the Palm Springs Condo Queen

Great report to help all buyers and sellers in the Albuquerque area know what they need to know about the Rancho Encantado area!

Feb 05, 2012 04:03 AM

Roy Kelley

Retired - Gaithersburg, MD

Good Sunday morning.

Have an outstanding week as home buyers take advantage of the very attractive real estate market.

Feb 05, 2012 04:18 AM

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