South Valley Real Estate Market Report - Bernalillo, New Mexico
South Valley, New Mexico - Bernalillo County
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Walt 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

Report DateFall 2009
Nearest Metro AreaAlbuquerque
Buyers’ or Sellers’ MarketMore sellers than buyers
Average Time on MarketMore than 120 days
Market TrendIncreasing
Housing InventoryGood 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 YearDown 5-10%
Prices As % of Asking Price90-95%
Multiple Offers?No
Greatest ActivityFirst Time Buyers
Buyer Activity for the past 90 days in South Valley isNo Change
Seller Activity for the past 90 days in South Valley isIncreasing
Is Financing Available For Qualified Buyers in South Valley?Yes
Existing Home Prices for the past 90 days areDecreasing
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Housing Hot SpotsMost cities within the Bernalillo County area are considered 'Housing Hotspots'
Reason to Buy/SellPopulation 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
Walt Vieira
Riverside Lending & Realty
Albuquerque, New Mexico
505-250-8171
walt@rslr.net
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Riverside Lending & Realty

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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505-250-8171
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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