Market Updates Lloyd's of Albuquerque

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 336. See more city of Albuquerque real estate.
(all data current as of 2/22/2012)

$64,900 : 1512 Wheeler Ave, Albuquerque

2 beds, 1 part bath

Home size: 900 sq ft

Lot size: 6,300 sq ft

Days on market: 1

Walk Score®: 20
$64,900 : 401 62nd St, Albuquerque

3 beds, 1 full, 1 part baths

Home size: 1,150 sq ft

Lot size: 6,970 sq ft

Parking spots: 1

Days on market: 1

Walk Score®: 58
$66,000 : 9639 Atrisco Ranch Rd, Albuquerque

4 beds, 2 full baths

Home size: 1,557 sq ft

Lot size: 5,227 sq ft

Year built: 2001

Parking spots: 2

Days on market: 2

Walk Score®: 40
$115,000 : MLS # 728415 in Albuquerque

3 beds, 2 full baths

Home size: 1,445 sq ft

Lot size: 4,574 sq ft

Year built: 2006

Parking spots: 2

Days on market: 2

Walk Score®: 3

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

Albuquerque Real Estate Market Update

September 2011

The Albquerque Real Estate Market saw a downward tick for single-family detached homes in the month of September – In comparison to the month of August…there were 179 homes less on the market, a 6% decrease from August, and an overall 5% decrease when compared to six months ago. Whereas the pending sales were comparable for both August and September, there was a 22% decrease in the number of closed transactions. The overall decrease for the six month period is 12%

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C. Lloyd McKenzie, MBA

7001 Prospect Place NE Suite 200
Albuquerque NM 87110
Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

YOUR HOME SOLD IN 59 DAYS, GUARANTEED!(Certain restrictions apply.)

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Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Rio Rancho Real Estate Market Update

September 2011

The City of Rio Rancho Real Estate Market also experienced a downward tick for single-family detached homes in the month of September – In comparison to the month of August…there were 22 homes less on the market, a 3% decrease from August, and an overall 6% decrease when compared to six months ago. In terms of pending sales there was a 28% increase from the month of August, while there was a 1.8% increase over the six month period. Closed sales however was a different story…there was a 33% decrease chen compared to the month of August, but a 3% decline for the six month period.

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Beautiful Bernalillo County,LivingAlbuquerque, andLloyd & Associates Real Estate.

C. Lloyd McKenzie, MBA

7001 Prospect Place NE Suite 200
Albuquerque NM 87110
Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

Showing properties 1 - 5 of 500+. See more city of Rio Rancho real estate.
(all data current as of 2/22/2012)

$237,900 : 308 Paseo Vista Loop, Rio Rancho

4 beds, 2 full baths

Home size: 1,997 sq ft

Lot size: 8,712 sq ft

Year built: 2009

Parking spots: 2

Days on market: 1

Walk Score®: 29
$115,000 : 403 Wagon Train Dr, Rio Rancho

3 beds, 1 full, 1 part baths

Home size: 1,414 sq ft

Lot size: 6,098 sq ft

Year built: 1983

Parking spots: 1

Days on market: 1

Walk Score®: 46
$149,500 : 1117 Desert Paintbrush Loop, Rio Rancho

4 beds, 2 full, 1 part baths

Home size: 2,222 sq ft

Lot size: 5,489 sq ft

Parking spots: 2

Days on market: 1

Walk Score®: 0
$325,000 : 4906 El Picador Ct, Rio Rancho

3 beds, 2 full, 1 part baths

Home size: 2,667 sq ft

Lot size: 12,632 sq ft

Year built: 1993

Parking spots: 3

Days on market: 1

Walk Score®: 31
$171,000 : 5929 Chaco Loop, Rio Rancho

3 beds, 2 full baths

Home size: 2,150 sq ft

Lot size: 17,424 sq ft

Parking spots: 2

Days on market: 1

Walk Score®: 3

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

Albuquerque Real Estate Market Update

There are Many Bargains Available

Exhibit 1 – Distressed Properties

Exhibit 2 – Regular Resale Homes

Prospective buyers of Albuquerque Real Estate need to be educated about the many bargains that are available for them in today’s market. The above comparison between Albuquerque Distressed Properties abd the Non-distressed Albuquerque Resale Homes helps bring to light the fact that there are still many bargains to be had in the Albuquerque Real Estate Market.

The six-months price trend for both Albuquerque Distressed Properties and Regular Resale Homes tells the true story. The Average Price for Regular Resale Homes in the month of September was $207,000 while the Average Price of Distressed Properties was $134,000.

Prospective Homebuyers should contact a local Realtor to start their Albuquerque Home Search.

Here are my Facebook Fan Pages. I would appreciate it if you visit and like Like them.

Beautiful Bernalillo County,LivingAlbuquerque, andLloyd & Associates Real Estate.

C. Lloyd McKenzie, MBA

7001 Prospect Place NE Suite 200
Albuquerque NM 87110
Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

YOUR HOME SOLD IN 59 DAYS, GUARANTEED!(Certain restrictions apply.)

Subscribe to my Blog
LivingAlbuquerque: New Mexico’s Fastest Growing Fan Page
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Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Rio Rancho Real Estate Market Update and Analysis

hav Avg. List Price versus Avg Sale Price for Detached Homes in Rio Rancho

Six months Average List Price versus Average Sold Price for Homes in Rio Rancho

For the potential buyers who are currently sitting on the fence this information should provide some confidence that if you are being represented by a seasoned REALTOR, there are opportunities to purchase your dream home in Rio Rancho, at a very reasonable price.

The Data speaks for itself…over the past six months in Rio Rancho, the Average List Price when compared with the Average Sold Price, has an average difference of apporximately $54,000 savings for Buyers. This, in conjunction with the low interest rates, provide great buying opportunities.

From the Sellers perspective…what does this mean? Take a closer look at the pricing strategies that your agent is using. A Rio Rancho Property that is priced correctly is more likely to get more offers than others, all things remaining constant. Time on the market is costly to the seller. That must also be taken into consideration..

If you are interested in being represented as a buyer or seller, Please contact me at (505)750-8552.

Here are my Facebook Fan Pages. I would appreciate it if you visit and like Like them.

Beautiful Bernalillo County,LivingAlbuquerque, andLloyd & Associates Real Estate.

C. Lloyd McKenzie, MBA

7001 Prospect Place NE Suite 200
Albuquerque NM 87110
Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

YOUR HOME SOLD IN 59 DAYS, GUARANTEED!(Certain restrictions apply.)

Subscribe to my Blog
LivingAlbuquerque: New Mexico’s Fastest Growing Fan Page
Follow me on Twitter

Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Lloyd's of Albuquerque

Albuquerque Market Update – November 2011: Overall Decline in Distressed Properties

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