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Market Trends
Commentary Provided byWalt Vieira If you can qualify, now is an exceptional time to buy a home in South Valley. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 505-250-8171 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Albuquerque | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $125,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $200,000 - $249,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in South Valley is | No Change | ||
| Seller Activity for the past 90 days in South Valley is | Increasing | ||
| Is Financing Available For Qualified Buyers in South Valley? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% | ||
| Housing Hot Spots | Most cities within the Bernalillo County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $125,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Walt Vieira
Riverside Lending & Realty Albuquerque, New Mexico 505-250-8171 walt@rslr.net Agent Home Page 
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South Valley Local News
News for South Valley, NM - Friday June 19th, 2009 12:59pm
It's a great time to buy. Take advantage of the $8,000 tax credit before it's gone.
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