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February 11, 2012
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions
Reported by Judy Pierson, Pierson & Associates


Albuquerque, New Mexico
as of 2/8/2012:
The numbers of properties going under contract in ABQ continue on an accelerated track. For the past seven months now the number of homes going into a pending status has realized a 20% - 30% increase over the same month of the previous year. We can... MORE->

Downtown Albuquerque, New Mexico
as of 2/8/2012:
Total listing for the Downtown area have dropped to 134 down from 148 last year. Sales were slightly off to last January but the pending sales improved to 16 for this January compared to 12 for last year. Just Call Judy to get it done.... MORE->

East Mountain Area, New Mexico
as of 2/8/2012:
Total listings have fallen in January at 421 this year compared to 451 for last January. But the sold and pended properties remained about the same at 27 sold this year to 35 last and pending's at 24 for January 2012 to last years 33. Just... MORE->

Far Northeast Heights, New Mexico
as of 2/8/2012:
Average Price Jumps for the Far Ne Heights. The significant drop in total listings for the area is having a very positive impact on the average sales price. Last year there were 226 listing this year it is down to 142 the result is a $25,000... MORE->

Foothills South, New Mexico
as of 2/8/2012:
The number of properties that sold increased over last year at 11 for January 2012 and 8 for last year. The number of listings increased and the new pending's were off to last year by just 1 home. Just Call Judy to get it done. Certified... MORE->

High Desert, New Mexico
as of 2/8/2012:
The number of choices continue to decrease in High Desert now down to 51 and 3 more were added to pending. Just Call Judy to get it done. Certified Distressed Properties Expert for counseling on options for distressed homeowners and short... MORE->

North Albuquerque in Albuquerque, New Mexico
as of 2/8/2012:
Number of Listings Continue to Decline . The number of listings for Albuquerque Acres dropped to just 51 down from 80 last January. New pending's were at 10 and sold properties at 3. Just Call Judy to get it done. Certified Distressed... MORE->

Paradise Hills, New Mexico
as of 2/8/2012:
Ventana Ranch Listings fall again. The total number of listings have dropped almost 100 units compared to last January now at 180 compared to 271 last yea. Also the number of sold properties were up 24% to last year at 26 to 21. The average... MORE->

Rio Rancho, New Mexico
as of 2/8/2012:
Number of Listings in Rio Rancho drop 30% to compared to last year. Now at 643 compared to 905. Sales continue to reflect stronger market with 68 sold and 97 new pending's. This trend is due in large part to the opening of the Presbyterian... MORE->

UNM and NOB HILL, New Mexico
as of 2/8/2012:
The number of listings continue to fall. Now at only 123. This compares to well over 200 last January. Also the number of pending's increased to 40 for the month and the average price rose to $218,000 The lower inventory will continue... MORE->


For More Information:

Navigate: Top > New Mexico > Albuquerque


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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