As of today February 1, 2012 Realty Times reports that the average interest rate nationally for a 30 year fixed interest rate loan is 3.98% compared to 3.95% last month. During January 2012, there were no reported closings in High Desert compared to 2 homes that closed during January 2011. As of close of business on January 31st there were 50 homes on the market compared to 55 at the same time in 2011. The current homes have been on the market an average of 129 days compared to 168 days at the same time last year. There are 4 homes in pending status compared to 6 at the same time in 2011.
To best understand what is happening in High Desert you need to consider the trend over the past few years. That information, displayed below is: year; homes sold; ave. sales price; sales price per square foot and days on the market.
As of close of business on January 31st, there were 50 homes on the market averaging 3399 square feet at an average asking price of $720,824 and a median price of $574,900. The average per square foot asking price is $212. This includes 11 homes priced between $1,000,000 and $1,790,000. The average days on market is 129. Additionally, 4 homes are in pending status, meaning they have sold but not closed. These homes averaged 3416 square feet in size and were on the market at an average of $703,425 and a median price of $561,950. The average per square foot asking price is $206. These homes were on the market an average of 152 days. During the month of January there were no homes reported closed in High Desert as of close of business January 31st. .
.As my report shows the market continues to change. . I've had to totally change the way I market real estate. However, there are great opportunities out there for both buyers and sellers. If you are in the market to buy or sell you want to put your trust in someone who knows the market conditions in your area. Please contact us by phone (505-922-0622) or email (landjsalas@msn.com) if you are interested selling or buying in High Desert or elsewhere in the region or just in knowing the market conditions in a particular area of town, perhaps your own subdivision.
ZIP Code: 87111 Approximate Location Boundaries: East of Tramway Blvd, between Simms Park Rd and Bear Canyon Open Space
Location Characteristics: High Desert is one of Albuquerque's finest planned communities and is located in Albuquerque's far northeast quadrant in the foothills of the Sandia Mountains. High Desert occupies about 1000 acres of land and the various subdivisions and homes there have been designed and built by over twenty two of the very best of the custom builders. High Desert is found at an elevation just over 6,000 feet. It offers parks and miles of bicycle and walking trails as well as an abundance of indigenous flora and fauna. Because of this High Desert is one of the first places we show clients who are moving to Albuquerque from out of the area and many of them choose to buy here when they see the quality of the homes and the beauty of the area. High Desert offers some of the nicest homes in Albuquerque but also some of its most expensive.
About Larry and Judy Salas:
Both Larry and Judy are graduates of the University of New Mexico. Larry has a Master's Degree in Business Administration from the George Washington University and is a native New Mexican. With the Salas team you can expect: - Over 20 years of real estate experience. - Someone who will work tirelessly in your behalf. - Honesty and integrity above all.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
