Southwest Albuquerque Real Estate Market Report - Bernalillo, New Mexico
Southwest Albuquerque, New Mexico - Bernalillo
| Market Commentary Provided by Walt Vieira If you can qualify, now is an exceptional time to buy a home in Southwest Albuquerque. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 505-250-8171 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Walt Vieira
Riverside Lending & Realty Albuquerque, New Mexico 505-250-8171 walt@rslr.net Agent Home Page  |
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| Nearest Metro Area | Albuquerque | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $150,000 - View Graph Trend | ||||
| Best Selling Price Range | $100,000 - $149,000 | ||||
| Worst Selling Price Range | $200,000 - $249,000 | ||||
| Compared to Last Year | Up 5-10% | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Southwest Albuquerque is | No Change | ||||
| Seller Activity for the past 90 days in Southwest Albuquerque is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Southwest Albuquerque? | 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 | $150,000 - 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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(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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