Here is my October 2009 Northwest Albuquerque Real Estate Report for area 121. Area 121 extends from Unser blvd east to Coors Blvd, Paseo del Norte north the Rio Rancho/Albuquerque Border and includes these neighborhoods: Stonebridge, Paradise Heights, Seven Bar, Paradise Meadows, Paradise Green, Crystal Ridge, Paradise Hills and Eagle Ridge plus others.
Area 121 Total Closed Sales
The graph represents a 5 year history of the total number of closed sales.
There were 24 closed sales in October 2008 and 29 closed sales in October 2009, a 17% percent increase.
Area 121 Average Sales Price
The average sales price continues to decline.
The average sales price in October 2008 was 223,111 and in October 2009 was $204,458, an 8% decrease in average sales price.
Summary
In spite of a slight increase in closed sales in this part of Northwest Albuquerque, there was a slight increase in average sales price. View my latest Albuquerque Real Estate Report.
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.
Please call me on my cell at 505.750.1846, or at RE/MAX Elite at 505.798.1050 if you want 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.
Thanks
I love the 5 year graphs.... it make the information come alive and it is easy to spot the real trends.