Albuquerque Market Update – November 2011

Overall Decline in Distressed Properties

The  Albuquerque Real Estate market has seen a decline in distressed properties Sales for the month of November.  When compared to June 2011 this is a 28.2% decline…at the same time that the Average Sale Price of Distressed Properties declined from $154,000 to $139,000.

All three key indicators, Number of Distressed (Short Sale and REO) Homes for Sale, the Number of Pending Sales,  and the Number of Closings saw double-digit declines when compared to June 2011.

Decline in 3 Key Indicators

What does this mean for the Albuquerque Real Estate Market? Continued decline in the distressed properties would means that there is less downward pressure on the market. Overall, good news for all concerned.

In the meantime, there are still many bargains available in the Albuquerque Real Estate Market.

Albuquerque remains a relatively good investment.

Showing properties 1 - 4 of 277. See more city of Albuquerque real estate.
(all data current as of 5/19/2012)

1. $84,900 : 8400 Fence Post Rd, Albuquerque
   
   3 beds, 2 full baths

   Home size: 1,045 sq ft

   Lot size: 5,358 sqft

   Year built: 2002

   Parking spots: 2

   Days on market: 1

   Walk Score®: 22
2. $109,999 : 2903 Camillo Ln, Albuquerque
   
   3 beds, 1 full bath

   Home size: 1,542 sq ft

   Lot size: 6,360 sqft

   Days on market: 1

   Walk Score®: 58
3. $65,000 : 2837 John St, Albuquerque
   
   3 beds, 1 full bath

   Home size: 1,144 sq ft

   Lot size: 5,227 sqft

   Days on market: 1

   Walk Score®: 20
4. $99,900 : 6507 Wayne Rd, Albuquerque
   
   3 beds, 2 full baths

   Home size: 1,568 sq ft

   Lot size: 6,970 sqft

   Parking spots: 2

   Days on market: 1

   Walk Score®: 20

Listing information deemed reliable but not guaranteed. Read full disclaimer.