Here is my October 2009 Northwest Albuquerque Real Estate Report. This report is for Area 120, which encompasses Ventana Ranch, Ventana Ranch West, Cantabella at Ventana Ranch, La Scala, Vittoria, Rio Vista, Seville, Paradise Skies, Los Suenos, Sundance Estates and all other Albuquerque listings west of Unser Blvd, north of Paseo Del Norte and south of the Rio Rancho border.
Area 120 Closed Sales
The graph shows a 5 year history of the number of closed sales in October.
The number of October closed sales has been increasing since 2007.
There were 40 sales in 2008 and 43 sales in 2009, a 7% increase in the total number of October closed sales.
Area 120 Average Sales Price
The average sales price has continued to decline since since it's peak in 2006.
The average sales price in October 2008 was $195,370.
The average sales price in October 2009 was $173,424, a decrease of 11%.
Summary
It's important to understand local market conditions when you are looking to buy or sell. When you examine real estate data remember that market conditions can vary greatly from state to state, city to city and neighborhood to neighborhood.
These are general numbers that show the overall condition of the current Northwest Albuquerque Real Estate Market. My purpose of posting these numbers is to show the current trends, not to suggest a sales price for any particular home.
To receive a complimentary market analysis for your property, email or call me with your home info including square feet, number of bedrooms and baths, etc, and I will get back to you with an approximate value.
Please call me on my cell at 505.750.1846 or at RE/MAX Elite at 505.798.1050 if you are looking for a Realtor who is familiar with Real Estate in Northwest Albuquerque or Rio Rancho.
NW Albuquerque Homes for Sale from $150,000 to $175,000
NW Albuquerque Homes for Sale from $175,000 to $200,000
NW Albuquerque Homes for Sale from $200,000 to $250,000
NW Albuquerque Homes for Sale from $250,000 to $300,000
NW Albuquerque Homes for Sale from $300,000 to $400,000
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Albuquerque Realtor Rich Cederberg works for RE/MAX Finest in Albuquerque New Mexico. Previously Rich worked for RE/MAX Elite and the Vaughn Company Realtors for 5 years. He specializes in Albuquerque Real Estate, Northwest Albuquerque Real Estate, Rio Rancho Real Estate and Los Lunas Real Estate. He especially enjoys working with First Time Home Buyers. Call 505.803.5012 or email Rich Cederberg if you need a Albuquerque REMAX agent.
Your numbers are not unique, and I believe most markets are really behaving the same way.
Yes Jim, you're probably right except our declines haven't been as sharp or as deep.
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