Four Hills: 2012 vs 2011 Housing Market Update

You're probably noticing more "sold" signs on many properties and those homes are typically not "on the market" as long.  Here's a summary of what happened in Four Hills in 2012 vs 2011.

In 2012, there were 78 properties that sold thru our MLS.  Compared to 57 in 2011.  That is a 27% increase!  In the $249,999 price range or less, there were 41 sales vs 25 or a 39% increase.

The average price per square foot was $109.03 vs $106.06 and the days on the market was 148 vs 169.  In the $250,000+ price range, there were 37 sales vs 32, the average price per square foot was $118.18 vs $115.37 and the average days on the market was 102 vs 135.

So what does all this mean?  Well, with most indicators showing improvement, the real estate market is heading in the right direction.  If interest stay where they currently are I think the real estate market for 2013 in Four Hills will be a good one!

If you would like more specific information, please feel free to contact me anytime.

www.GregLobb.com

14004 Oak Butter Rd NE (Albuquerque, New Mexico)

Beautiful 4 bdrm FOOTHILLS home with terrific curb appeal! Enter into the light and bright living room with soaring vaulted ceiling, a gas fireplace and a stunning staircase. Large eat-in kitchen with quartz counters and bar top, as well as custom built-in nook seating. Well maintained terraced backyard with lush grass, waterfall, and 2 powered storage units; one of which would make a perfect hobby rm or art studio hidden behind mature bushes. Large master suite w/private balcony. Gorgeous!!


14004 Oak Butte Rd NE
Albuquerque, NM 87112



Price: $399,000
MLS#: 760040
Bedrooms: 3
Baths: 3
Sq Ft: 2,420
Garage Spaces: 3
Acres: 0.28
Click for More Details

Extras:

Alarm System
Bar In Kitchen
Breakfast Nook
MB Jetted Tub
Ceiling Fan(s)
Raised Ceiling
Formal DR
Study/Office
Patio Covered
Deck
Rock
Walled Backyard

 

www.GregLobb.com

Buying A House? You Need A Checklist. (Part 4)

In this series we are looking at creating a checklist of things you need to consider when purchasing a house.  Feel free to revisit Part 1, Part 2 and Part 3.


Finding the Right Real Estate Agent

A good Realtor will will be able to supply you with a far greater understanding of the local market.  Working with one of these professionals and utilizing all they have to offer can ensure that you are able to experience superior success with you efforts.  You may be limiting you options far more than you expect if you attempt to navigate the real estate market and inventory that is available without the consultation of the right Realtor.  Professional knowledge, experience and resources can make a huge difference in your efforts to finding the perfect home.

Question to the Reader: Have you ever tried to shop for a home without a Realtor?  What was your experience like?


www.GregLobb.com

Albuquerque Realizes Highest 1st Quarter Sales Since 2008

Sales of single family detached homes increased 12.65% from the first quarter of the year prior, according to the latest quarterly numbers published by the Greater Albuquerque Association of Realtors.  This led to a first quearter of closed sales totaling 1,736, the most since 2008.  In addition, the median price of a single family detached home (the price that exactly half the sales were more than and half were less than) increased to $168,000, an improvement of 5%, from the first quarter of 2012.

“The real estate market recovery is slow and steady,” said Julie Greenwood, President of the Greater Albuquerque Association of REALTORS®.   “Interest rates are still low and affordability has never been better.  Some renters can purchase their own home for close to the same or lower than their rent payment,” said Greenwood.

Do you think your home has held its value over the past five years?

www.GregLobb.com

Albuquerque Housing Market Report - March 2013

Over the past two months our market has seen an increase in the average sales price of single family detached homes.  March saw an increase over the prior year of 6.82% to an average of $202,605.  From March 2012 the median sales price of a single family detached home rose 10.06% to $175,000.

March was the fifteen straight month where sales surpassed the same month of the prior year, seeing an increase in sales of single family detached homes in the greater Albuquerque area of 12.75% from the year prior.  Single family detached homes also saw an increase in pending sales, rising 8.52% from March 2012 and 21.36% from February 2013.

“Sales are increasing steadily,” said Julie Greenwood, 2013 President of the Greater Albuquerque Association of REALTORS®, “which are good signs for the housing market.”  “The fact that we have seen some movement in price indicators is also a good sign that the market place is reacting to low interest rates and affordable prices,” she added.

Read the full March 2013 Market Report here.

www.GregLobb.com