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November 26, 2009
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  CONDITIONS™
By Local Real Estate Experts  

Market Conditions for Albuquerque, New Mexico

Reported by Holly Womack & Margaret Olivarez, REALTOR

Updated September 1, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Whether you purchased in the Petroglyphs a few years ago or are considering a purchase now, it is still a great investment! Prices have come down in the area, due to a significant amount of homes for sale across the West Side this year. However, the amenities and asthetics of the area continue to keep property values up and we'll see home prices soar as major growth heads this direction in terms of retail, restaurants, and more. In a community of over 1,000 homes now, happy homeowners abound and the community maintains positive communication and maintenance.

To Homeowners: Keep your smart investment, if you can. Over a short period of time we will see more growth in our area and home prices once again climb.

To Home Buyers: If you can buy in this community now, do it. This community offers amenities, relationships, events, and planned growth which will grow our investments.

ZIP Code: 87120

Approximate Location Boundaries: Albuquerque Petroglyphs, Sundoro, Sundoro South, Stormcloud, Watershed, Prima Entrada

Location Characteristics: For the family: There are multiple parks in each neighborhood, all owned and/or maintained by the Homeowner's Association. This includes a 5-acre park with large gathering area, playground and basketball courts, a water-feature park with a playground, a athletic park for soccer or football, a dog park, and many additional sitting areas and gathering spots. There are also miles of walking trails. Homes were all constructed between 2004-present and new construction continues. The neighborhood's are very family-friendly and events are planned regularly for the kids to meet and play. All streets are well maintained and shared landscaping is kept well-groomed.

For More Information:

View Market Conditions of other areas served by Holly Womack & Margaret Olivarez

Navigate: Top > New Mexico > Albuquerque

About Holly Womack & Margaret Olivarez:
How To Get Your Agent To Work Twice As Hard
Hire A Team of Professionals!
~Our experience in multiple markets and creative networking is the key to your success in our current market.
~We are each specialists in our own fields, and bring individual talents to provide support when needed.
~Our focus is always on the client and their unique situation and needs. We accept a high level of responsibility for your satisfaction.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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