South Valley Real Estate Market - View South Valley Real Estate Market Trends in New Mexico

Winter 2012 Market Update 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
Average Home Price	$125,000 - View Graph Trend

Average Price Compared to Last Year	Down 5-10%

Average Time on Market	More than 120 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$200,000 - $249,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than 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

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	10-15%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Albuquerque

Housing Hot Spots	Most cities within the Bernalillo County area are considered 'Housing Hotspots'

Average Sold Price	$125,000 - View Graph Trend

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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June 2009 (1)

Mortgage Rates

– Feb 9th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%

Home Values

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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South Valley Real Estate Market Trends – New Mexico

South Valley Real Estate Market Conditions and Trends