---------------- 2009 ------------------------------------------------- May sales are up! Still around 12 homes to one buyer. 78 days on market. Average price was $222,070 down from last May ($25k). Pending sales are down 1.5% over last year. Area Closed Sales Detached homes 10-121 Albq. 413 130 Corrales 8 140-160 RR 89 170 Bernalillo 2 180 Placitas 3 210-293 E MTs 23 690-760 Valencia 30 total 566 To 99k 34 To 199k 299 To 299k 139 To 399k 48 To 499k 23 To 999k 20 Over 1 Mil 3 TOTAL 566 April Sales by areaDays on market 85 Average price $206,070 Median price $175,600MAR. Sales 2009 Average sale price $218,543 down from $236,394 in 08 Median price is $184,500 down as well from last year. 86 days on market average to sale an all time high. Area Closed Sales Detached homes 10-121 Albq. 326 130 Corrales 3 140-160 RR 77 170 Bernalillo 2 180 Placitas 9 210-293 E MTs 19 690-760 Valencia 29 total 465 To 99k 31 To 199k 238 To 299k 122 To 399k 33 To 499k 20 To 999k 21 Over 1 Mil 0 TOTAL 465 FEB. Sales 2009 "It's a Buyers Market STILL!" PRICES UP 6% Average sale price $209,515 down from $226,342 in 08 Median price is $184,900 down as well from last year. 96 days on market average to sale an all time high. Area Closed Sales Detached homes 10-121 Albq. 248 130 Corrales 1 140-160 RR 51 170 Bernalillo 2 180 Placitas 2 210-293 E MTs 17 690-760 Valencia 22 total 343 To 99k 18 To 199k 179 To 299k 97 To 399k 32 To 499k 13 To 999k 4 Over 1 Mil 0 TOTAL 343 JAN. Sales 2009 "It's a Buyers Market STILL!" Average sale price $214,872 down from $227,898 in 08 Median price is $175,00 down as well. 84 days on market average to sale Area Closed Sales Detached homes 10-121 Albq. 223 130 Corrales 3 140-160 RR 62 170 Bernalillo 3 180 Placitas 3 210-293 E MTs 17 690-760 Valencia 23 total 324 To 99k 19 To 199k 186 To 299k 73 To 399k 16 To 499k 16 To 999k 13 Over 1 Mil 1 TOTAL 324 THE YEAR IN REVIEW:
December sales:Days on Market 76 Nov. Sales 2008 "It's a Buyers Market Now!" Average sale price $212,088 down from $233,956 in 07 Median price is $180,00 down as well. 5,700 homes on the market with 80 days on market average to sale Area Closed Sales Detached homes 10-121 Albq. 293 130 Corrales 2 140-160 RR 74 170 Bernalillo 1 180 Placitas 2 210-293 E MTs 13 690-760 Valencia 26 total 411 To 99k 17 To 199k 288 To 299k 110 To 399k 33 To 499k 13 To 999k 9 Over 1 Mil 1
OCTOBER Sales: October 2008 details 72 Days on market down (seasonal) 5,962 homes on market down Average price $224,270 Down from Last year $246,522 Best sellers $100k to 200k August Sales: August 2008 details 74 Days on market to sale with the new statistical method that make it shorter. 119 days from contract to close. 6,381 homes on the market over 6,164 last August. Average price down $2,000 from last month $239,018 Best sellers were in the $200k -$250k range. July sales 2008 July home sales update: 871 homes under contract , 704 sales down 4.6% from last month down 29% last July average price down $24,986 still 69 days on market up 29 days from last July 1,882 new listings up, down from last July (2,615) Area Closed Sales Detached homes 10-121 Albq. 510 130 Corrales 3 140-160 RR 103 170 Bernalillo 7 180 Placitas 5 210-293 E MTs 23 690-760 Valencia 53 total 704 To 99k 22 To 199k 341 To 299k 199 To 399k 73 To 499k 35 To 999k 31 Over 1 Mil 3
June 2008 details Prices were little changed, number of sales down, inventory was up 13% 68 days on market for adverage home coming to the market. Average price $254,298 a year ago this month $248,375. See details.
SALES FOR MAY 2008 OVERVIEW:Albq adv. price $227k Days on Market 74, Rio Rancho price $219 DOM 61 24% less listings under contract than last may 5% increase in sales last month, 34% drop over last may Area Closed Sales Detached homes 10-121 Albq. 478 130 Corrales 6 140-160 RR 112 170 Bernalillo 2 180 Placitas 10 210-293 E MTs 29 690-760 Valencia 37 total 674 To 99k 18 To 199k 304 To 299k 214 To 399k 72 To 499k 24 To 999k 35 Over 1 Mil 7
April 2008 details Sales up 50 units from March to 1,668 days on market down to 66 from 71 Average sales price $227,281 median is $189,000 active DET listings 5,943
MARCH 2008 STATS: Average sale price down from last year to $236,394 Sales demonstrat a seasonal increase beginning. Listings has increased again to 1,800 Days on market has dropped two days to 69 DOM. Rio Rancho days on market is 68 and avg. price $187,723 318 listings. Area Closed Sales Detached homes 10-121 Albq. 441 130 Corrales 6 140-160 RR 108 170 Bernalillo 2 180 Placitas 11 210-293 E MTs 28 690-760 Valencia 28 To 99k 12 To 199k 334 To 299k 158 To 399k 62 To 499k 28 To 999k 27 Over 1 Mil 3 TOTAL SALES 624 up from last month FEBRUARY 2008 STATS: Number of new listings in February was 1,615 down from 1,817 in Jan. Total listings for Feb. 5,591 up from Jan. Sales up from 408 in Jan. to 532 for Feb. Pending sales are Down. The Days on Market(DOM) is still average 71. average sales price is $226,342 down from $227,898 in Jan. The area saw a decrease in closed sales for Detached and Attached from 820 in 07 to 592 in 08. Area Closed Sales Detached homes 10-121 Albq. 362 130 Corrales 4 140-160 RR 84 For Rio Rancho avg. Price $199k 1k listings 64 days on market 170 Bernalillo 2 180 Placitas 1 210-293 E MTs 30 690-760 Valencia 49 80k and under 9 To 99k 12 To 119k 23 To 139k 40 To 159k 74 To 179k 67 To 199k 56 To 249k 88 To 299k 75 To 399k 38 To 499k 19 To 749k 16 To 999k 6 Over 1 Mil 0
JANUARY SALES AND PRICES DECLINE FROM JANUARY 07... ITS A BUYERS MARKET!
YEAR END NUMBERS:
------------------2007----------------------------NOVEMBER 2007 STATS: Over a thousand listing left the market between Oct and Nov. Number of listings in November was 1,372 down from 2,393 in oct. Sales dropped 19% from 687 in Oct. to 556 for Nov. The Days on Market(DOM) is still average 51. average sales price is $233,956 down from $246,522 Area Closed Sales Detached homes 10-121 Albq. 386 130 Corrales 8 140-160 RR 98 170 Bernalillo 3 180 Placitas 6 210-293 E MTs 25 690-760 Valencia 30 80k and under 8 To 99k 8 To 119k 18 To 139k 54 To 159k 74 To 179k 83 To 199k 77 To 249k 82 To 299k 53 To 399k 52 To 499k 26 To 749k 13 To 999k 8 Over 1 Mil 2 New homes permits down lowest since 1992 for November. 170 permits with 59 in Rio Rancho. Top Builders are: Pulte Homes, Centex, Raylee/Vantage Homelife
Days on market (DOM) 51 (new method) Using the new method we now count homes from day of contract whether they close or not. This method shortens the time on market by an average of 30 days. Using the old method DOM would be 81 days. Total listings up totaled 6,131, 2,393 new.
Pending home sales are low as you see on the graph on the left. both average and median home prices for the area are dropping.
Sept. 2007 Home Sales Statistics Detached: Closed Sales 716 down from last month 14% New Listings 2,127 a strong supply over sales ratio Days on Market 79 up from last month Average sales price is $233k Median Price $192k both down from last month Natl Med price $212k Area Closed Sales 10-121 Albq. 504 130 Corrales 5 140-160 RR 117 170 Bernalillo 3 180 Placitas 6 210-293 E MTs 36 690-760 Valencia 45 80k and under 9 To 99k 1 To 119k 25 To 139k 64 To 159k 93 To 179k 116 To 199k 79 To 249k 122 To 299k 80 To 399k 64 To 499k 25 To 749k 25 To 999k 7 Over 1 Mil 2 July 2007 Home Sales Statistics: A 9.9 % decrease in sales for July over July 2006 Closed Sales 922 down from last month New Listings 2,615 a strong supply over sales ratio Days on Market 74 up from July 2006 Average sales price is $262k Median Price $214k Area Closed Sales 10-121 Albq. 722 130 Corrales 5 140-160 RR 153 170 Bernalillo 3 180 Placitas 9 210-293 E MTs 43 690-760 Valencia 57 80k and under 9 To 99k 11 To 119k 22 To 139k 87 To 159k 102 To 179k 100 To 199k 104 To 249k 188 To 299k 120 To 399k 111 To 499k 68 To 749k 45 To 999k 14 Over 1 Mil 7 JUNE.. 07 AVG. HOME PRICE $254k up Med. $201k up SALES 1,011 Down 76 days on market up Albuquerque area 10-120 790 Corrales area 130 8 Rio Rancho area 140-162 173 Bernalillo area 170 9 Placitas area 180 3 E. Mts. area 210-293 56 Valencia co. area 690-760 75 (the below includes attached and detached homes) SALES TO $99,999 38 $100K TO 199,999 536 $200K TO 299,999 326 $300K TO 399,999 100 $400K TO 499,999 48 $500K TO 999,999 74 OVER ONE MILLION 5 up 5,672 homes on the market up MAY.. 07 AVG. HOME PRICE $246k up Med. $199k up SALES 1,020 up 73 days on market down Albuquerque area 10-120 748 up Corrales area 130 7 same Rio Rancho area 140-162 150 up Bernalillo area 170 3 down Placitas area 180 8 down E. Mts. area 210-293 42 up Valencia co. area 690-760 62 up SALES TO $99,999 20 up $100K TO 199,999 494 up $200K TO 299,999 295 up $300K TO 399,999 119 up $400K TO 499,999 41 up $500K TO 999,999 44 down OVER ONE MILLION 7 up 5,292 homes on the market up 40% over last May Apr.. 07 AVG. HOME PRICE $243k up Med. $198k same SALES 910 78 days on market up Albuquerque area 10-120 685 down Corrales area 130 7 down Rio Rancho area 140-162 141 up Bernalillo area 170 7 up Placitas area 180 19 up E. Mts. area 210-293 32 down Valencia co. area 690-760 59 down SALES TO $99,999 18 same $100K TO 199,999 448 down $200K TO 299,999 254 down $300K TO 399,999 100 down $400K TO 499,999 37 down $500K TO 999,999 50 UP OVER ONE MILLION 3 same 4,990 homes on the market up Mar. 07 Its a buyers market 69 days to sale AVG. HOME PRICE $239k Med. $198k up from $181 Feb 06 SALES 1,083 up from Feb. totals down from last Feb 1,226 Albuquerque area 10-120 691 up Corrales area 130 11 up Rio Rancho area 140-162 135 down Bernalillo area 170 2 up Placitas area 180 10 same E. Mts. area 210-293 43 up Valencia co. area 690-760 71 up SALES TO $99,999 18 down $100K TO 199,999 478 UP $200K TO 299,999 270 UP $300K TO 399,999 105 up $400K TO 499,999 47 UP $500K TO 999,999 45 UP OVER ONE MILLION 3 UP 4,881 homes on the market up Feb. 07 Its a buyers market for most part TIME ON THE MARKET 72 DAYS down AVG. HOME PRICE $234k Med. $190k up from $173 Feb 06 SALES 741 up from Jan totals Albuquerque area 10-120 527 up Corrales area 130 3 down Rio Rancho area 140-162 137 up Bernalillo area 170 2 down Placitas area 180 10 up E. Mts. area 210-293 26 down Valencia co. area 690-760 36 down SALES TO $99,999 22 UP $100K TO 199,999 386 UP $200K TO 299,999 186 UP $300K TO 399,999 75 DOWN $400K TO 499,999 32 UP $500K TO 999,999 39 UP OVER ONE MILLION 1 UP 4,141 homes on the market Jan. 07 Its a buyers market for most part AVG. HOME PRICE $235k Med. $190k up from $173 Jan 06 SALES 662 down from Dec totals 93 days on market to sale Albuquerque area 10-120 458 Corrales area 130 6 Rio Rancho area 140-162 103 Bernalillo area 170 5 Placitas area 180 9 E. Mts. area 210-293 29 Valencia co. area 690-760 52 TO $99,999 17 $100K TO 199,999 344 $200K TO 299,999 162 $300K TO 399,999 79 $400K TO 499,999 26 $500K TO 999,999 34 OVER ONE MILLION 0 Dec. 06 AVG. HOME PRICE $238k Med. $196k up from $216k 2005 SALES 787 total Albuquerque area 10-120 549 Corrales area 130 14 Rio Rancho area 140-162 129 Bernalillo area 170 9 Placitas area 180 3 E. Mts. area 210-293 39 Valencia co. area 690-760 44 TO $99,999 18 $100K TO 199,999 378 $200K TO 299,999 250 $300K TO 399,999 67 $400K TO 499,999 31 $500K TO 999,999 42 OVER ONE MILLION 1 Oct. 2006 AVG. HOME PRICE $229k Med. $192k up from $171 2005 SALES 917 total Albuquerque area 10-120 636 Corrales area 130 9 Rio Rancho area 140-162 137 Bernalillo area 170 4 Placitas area 180 6 E. Mts. area 210-293 63 Valencia co. area 690-760 62 TO $99,999 29 $100K TO 199,999 459 $200K TO 299,999 271 $300K TO 399,999 81 $400K TO 499,999 39 $500K TO 999,999 38 OVER ONE MILLION 0 --------------------------------------------------------------------------------- Sept. 2006 AVG. HOME PRICE $226k interest rate 6.5% SALES 1,250 total listings 4,407 Albuquerque area 10-120 694 Corrales area 130 7 Rio Rancho area 140-162 157 Bernalillo area 170 1 Placitas area 180 6 E. Mts. area 210-293 51 Valencia co. area 690-760 74 TO $99,999 26 $100K TO 199,999 495 $200K TO 299,999 304 $300K TO 399,999 93 $400K TO 499,999 37 $500K TO 999,999 33 OVER ONE MILLION 2 --------------------------------------------------- August 2006 AVG. HOME PRICE $221k interest rate 6.52% SALES 1,250 total listings 4,407 Albuquerque area 10-120 808 Corrales area 130 7 Rio Rancho area 140-162 174 Bernalillo area 170 4 Placitas area 180 10 E. Mts. area 210-293 49 Valencia co. area 690-760 74 TO $99,999 26 $100K TO 199,999 555 $200K TO 299,999 323 $300K TO 399,999 111 $400K TO 499,999 52 $500K TO 999,999 54 OVER ONE MILLION 5 ------------------------------------------------- JULY: Home construction slid in July in Albuquerque. Building permits were 416 over 580 in June. Down 1/3 from last year. The trend is to cover higher cost of transportation and items. 4,031 homes for sale this month verses about 2,500 previously. Sales are still hot for the 5th month in a row with 1,000 plus homes sold each month. Home values are up 10.3% over last year so far. July 2006 AVG. HOME PRICE $234k interest rate 6.76% SALES 1,123 Albuquerque area 10-120 791 Corrales area 130 9 Rio Rancho area 140-162 194 Bernalillo area 170 4 Placitas area 180 11 E. Mts. area 210-293 41 Valencia co. area 690-760 73 TO $99,999 39 $100K TO 199,999 559 $200K TO 299,999 312 $300K TO 399,999 107 $400K TO 499,999 55 $500K TO 999,999 48 OVER ONE MILLION 3 ______________________________________________ June 2006 AVG. HOME PRICE $239k interest rate 6.68% SALES 1,140 Albuquerque area 10-120 817 Corrales area 130 13 Rio Rancho area 140-162 187 Bernalillo area 170 8 Placitas area 180 16 E. Mts. area 210-293 48 Valencia co. area 690-760 81 TO $99,999 29 $100K TO 199,999 569 $200K TO 299,999 309 $300K TO 399,999 122 $400K TO 499,999 55 $500K TO 999,999 51 OVER ONE MILLION 6 ---------------------------------------- May 2006 AVG. HOME PRICE $227k interest rate 6.20% SALES 3,180 Albuquerque area 10-120 824 Corrales area 130 10 Rio Rancho area 140-162 184 Bernalillo area 170 6 Placitas area 180 7 E. Mts. area 210-293 47 Valencia co. area 690-760 74 --------------------------------------------------- Apr. 2006 AVG. HOME PRICE $227k interest rate 6.11% SALES 1,002 Albuquerque area 10-120 699 Corrales area 130 8 Rio Rancho area 140-162 166 Bernalillo area 170 6 Placitas area 180 7 E. Mts. area 210-293 54 Valencia co. area 690-760 62 56% of all sold under $200k 36% of R2 sold under $100k
Mar. 2006 AVG. HOME PRICE $219k interest rate 5.91% SALES 1226 area 10-120 736 area 130 14 area 140-162 217 area 170 4 area 180 6 area 210-293 53 area 690-760 81 56% of all sold under $200k 36% of R2 sold under $100k
Feb. 2006 AVG. HOME PRICE $207k SALES 836 area 10-120 587 area 130 5 area 140-162 146 area 170 1 area 180 10 area 210-293 39 area 690-760 48
JAN. 2006 AVG. HOME PRICE $218,381 mfr. Home was $130,273 INTEREST RATE %5.73 SALES 840 LISTINGS 2,198 area 10-120 519 area 130 11 area 140-162 131 area 170 1 area 180 12 area 210-293 31 area 690-760 49
DEC. 2005 AVG. HOME PRICE $216,232 mfr. Home was $139,393 INTEREST RATE %5.78 SALES 924 LISTINGS 2,211 area 10-120 650 area 130 11 area 140-162 127 area 170 4 area 180 14 area 210-293 46 area 690-760 72
NOV. 2005 AVG. PRICE $219.949 INTEREST RATE %5.85 SALES 1130 LISTINGS 2263 area 10-120 731 area 130 17 area 140-162 146 area 170 2 area 180 10 area 210-293 50 area 690-760 65
OCT. 2005 AVG. PRICE $211.330 INTEREST RATE %5.6 SALES 1169 LISTINGS 2298 area 10-120 726 OCT AVG PRICE $550K area 130 10 $478 area 140-162 181 $175 area 170 9 $437 area 180 9 $450 area 210-293 52 $250 area 690-760 68 $152
SEPT. 2005 AVG. PRICE $211.997 INTEREST RATE %5.32 SALES 1319 LISTINGS 2,319 area 10-120 817 area 130 6 area 140-160 190 area 170 1 area 180 17 area 210-290 74 area 690-670 82
AUGUST 2005 AVG. PRICE $212,127 INTEREST RATE %5.33 SALES 1388 LISTINGS 2,350 area 10-120 901 area 130 16 area 140-160 189 area 170 6 area 180 20 area 210-290 60 area 690-670 75
JULY 2005 AVG. PRICE $213,850 INTEREST RATE %5.26 SALES 1339 LISTINGS 2,377 area 10-120 891 area 130 23 area 140-160 170 area 170 1 area 180 10 area 210-290 73 area 690-670 63
JUNE 2005 AVG. PRICE $206,677 INTEREST RATE %5.17 SALES 1159 LISTINGS 2,243 area 10-120 852 area 130 13 area 140-160 147 area 170 2 area 180 13 area 210-290 72 area 690-670 60
MAY. 2005 AVG. PRICE $202,273 INTEREST RATE %5.29 SALES 1029 LISTINGS 2,206 area 10-120 885 area 130 11 area 140-160 165 area 170 2 area 180 15 area 210-290 42 area 690-670 54
APR. 2005 AVG. PRICE $197,770 INTEREST RATE %5.46 SALES 937 LISTINGS 2,099 area 10-120 662 area 130 13 area 140-160 153 area 170 2 area 180 12 area 210-290 44 area 690-670 51
MAR. 2005 AVG. PRICE $192,980 INTEREST RATE %5.55 SALES 835 LISTINGS 2,276 area 10-120 592 area 130 18 area 140-160 127 area 170 1 area 180 6 area 210-290 37 area 690-670 54
FEB. 2005 AVG. PRICE $184,365 INTEREST RATE %5.21 SALES 725 LISTINGS 2,156 area 10-120 514 area 130 7 area 140-160 85 area 170 4 area 180 8 area 210-290 33 area 690-670 43
JAN. 2005 AVG. PRICE $185,452 INTEREST RATE %5.38 SALES 627 LISTINGS 2,267 area 10-120 466 area 130 9 area 140-160 85 area 170 2 area 180 7 area 210-290 32 area 690-670 26
DECEMBER 2004 The average interest rate for a 30-year fixed-rate mortgage in New Mexico was 3.37 percent lower in December 2004 than it was in December 2003 (5.37 percent cf. 5.54 percent in December 2003). The average and median prices for R1 homes continued to rise compared to the corresponding values in December 2003. The data are presented below. Class R1, average price: $167,578 in December 2003 $189,803 in December 2004, an increase of 13.26 percent Class R1, median price: $141,000 in December 2003 $150,000 in December 2004, an increase of 6.38 percent Class R2, average price: $113,577 in December 2003 $112,621 in December 2004, a decrease of -0.84 percent Class R2, median price: $98,250 in December 2003 $110,500 in December 2004, an increase of 12.47 percent. area 10-120 581 area 130 12 area 140-160 119 area 170 3 area 180 10 area 210-290 50 area 690-760 49 sales 824
NOVEMBER 2004 avg. price $181,722 over $175,542 2003 interest rate %5.31 sales 818 listings 2,572 area 10-120 591 area 130 6 area 140-160 120 area 170 4 area 180 7 area 210-290 42 area 690-760 48
SEPT. 2004 AVG. PRICE $178,152 INTEREST RATE %5.37 SALES 907 LISTINGS 2,559 area 10-120 654 area 130 12 area 140-160 117 area 170 2 area 180 12 area 210-290 48 area 690-670 62
August 2004 avg. price $186,095 interest rate % 5.54 sales 1,085 listings 2,984 area 10-120 718 sold area 130 17 sold area 140-160 163 sold area 170 3 sold area 180 7 sold area 210-290 65 sold area 690-760 57 sold total 1,023
July 2004 av. price $186,907 interest rate %5.44 sales 1131 listings 3,024 area 10-120 728 area 130 18 sold area 140-160 147 sold area 170 3 sold area 180 9 sold area 210-290 58 sold area 690-760 60 sold total 1,023June Statistics The number of sales reported by SWMLS for June 2004 (1,157) is the highest number ever reported for home sales in the Albuquerque area! The number of sales rose from 1029 in May 2004 to 1157 in June, an increase of 12.44 percent. The number of sales reported from the beginning of the year (5,147) is higher than the same statistic reported in 2003 (4,792), an increase of 7.41 percent. The average interest rate for a 30-year fixed-rate mortgage in New Mexico dropped from 6.01 percent in May 2004 to 5.98 percent in June, a decrease of 0.50 percent. The average interest rate in June 2004 (5.98 percent) was considerably higher than the interest rate in June 2003 (5.00 percent), a rise of 19.6 percent. The average and median prices for both R1 and R2 homes rose compared to the corresponding values in June 2003. The data are presented below. Class R1, average price: $173,932 in June 2003 $188,040 in June 2004, an increase of 8.1 percent Class R1, median price: $148, 500 in June 2003 $153,950 in June 2004, an increase of 3.7 percent Class R2, average price: $108,985 in June 2003 $114,842 in June 2004, an increase of 5.4 percent Class R2, median price: $103,000 in June 2003 $110,000 in June 2004, an increase of 6.8 percent.May 2004 compared to the data reported from May 2003. These values are presented below. Class R1, average price: $169,235 in May 2003 $183,288 in May 2004, an increase of 8.3 percent Class R1, median price: $138,998 in May 2003 $141,000 in May 2004, an increase of 1.4 percent Class R2, average price: $107,127 in May 2003 $119,488 in May 2004, an increase of 11.5 percent Class R2, median price: $104,500 in May 2003 $98,250 in May 2004, a decrease of -6.0 percent. AREA 1-12 666 AREA 13 13 AREA 14-16 117 AREA 17 2 AREA 18 8 AREA 21-29 56 AREA 69-70 58 $1-$99,99 126 $100K-$199,999 542 $200K- $299,999 162 $300K - $399,999 47 $400K - $499,999 21 $500K - $999,999 21 OVER $1 MIL 1
MARCH 2004: TOTAL LISTINGS 2,859 AVERAGE PRICE $173,058 INTEREST 5.16% AREA 1-12 548 HOMES AREA 13 12 AREA 14-16 101 AREA 17 1 AREA 18 12 AREA 21-29 29 AREA 69-76 46 TOTAL 749 SOLD TO $99,999 142 $100K TO 199,999 437 $200K TO 299,999 94 $300K TO 399,999 48 $400K TO 499,999 12 $500K TO 999,999 13 OVER ONE MILLION 3
FEBRUARY 2004: The number of sales reported by SWMLS for February 2004 (674) was higher than the numbers reported in January 2004 (533) and in February 2003 (627), showing increases of 26.45 percent and 7.50 percent, respectively. The number of sales from the beginning of the year (1,207) is slightly lower than the same statistic reported in 2003 (1,225), a decrease of 1.49 percent. The average interest rate for a 30-year fixed-rate mortgage in New Mexico continued to drop in February 2004: it was 5.33 percent compared to 5.39 percent in January 2004 and 5.54 percent in February 2003. The average and median prices for an R1 home increased compared to the corresponding values in February 2003. The average price of an R2 home also increased over this time period, but the median price dropped. These values are presented below. Class R1, average price: $158,569 in February 2003 $170,037 in February 2004, an increase of 7.2 percent Class R1, median price: $134,750 in February 2003 $141,000 in February 2004, an increase of 4.6 percent Class R2, average price: $107,099 in February 2003 $107,593 in February 2004, an increase of 0.5 percent Class R2, median price: $107,000 in February 2003 $98,250 in February 2004, a decrease of -8.2 percent. Where they sold: area 10-120 412 area 130 (corrales) 12 area 140-160 (RR) 88 area 170 (bernillio) 2 area 180 (placitas) 8 area 210-290 (east mt.) 30 area 690-760 (los lunas) 42
January Sales The number of sales (533) reported by SWMLS for January 2004 was the lowest number reported since February 2001. It was 27.09 percent lower than the number of sales reported in December 2003 (731) and 10.87 percent lower than the number of sales reported in January 2003. The average interest rate for a 30-year fixed-rate mortgage in New Mexico continued to drop in January 2004: it was 5.39 percent compared to 5.54 percent in December 2003 and 5.63 percent in January 2003. The average and median prices for an R1 or an R2 home have all increased compared to the corresponding values in January 2003, as indicated below. Class R1, average price: $157,015 in January 2003 $163,072 in January 2004, an increase of 3.9 percent Class R1, median price: $136,900 in January 2003 $141,000 in January 2004, an increase of 3.0 percent Class R2, average price: $102,630 in January 2003 $113,218 in January 2004, an increase of 10.3 percent Class R2, median price: $94,000 in January 2003 $98,250 in January 2004, an increase of 4.5 percent
Housing Sales, December 2003 The number of sales (731) reported by SWMLS for December 2003 was the highest number ever reported in December in the Albuquerque area! It was 7.66 percent higher than the number of sales reported in November 2003 (679) but lower than the values reported in March through October 2003. In comparison with the December 2003 sales, 684 homes were sold in the Albuquerque area in December 2002; thus, sales increased by 6.87 percent from December 2002 to December 2003. The total number of sales for 2003 is by far the highest on record: 10,216! (The total number of sales during 2002, also a record-breaking year, was 8,871.) This is an incease of 15.16 percent. The average interest rate for a 30-year fixed-rate mortgage in New Mexico dropped still lower in December: it was 5.54 percent in December, compared to 5.58 percent in November 2003 and 5.73 percent in December 2002. The average price for an R1 home has fallen slightly (from $170,073 in December 2002 to $167,578 in December 2003 although the median price has risen (from $138,000 in December 2002 to $141,000 in December 2003). Just the opposite was reported for R2 homes: the average price rose from $107,244 in December 2002 to $113,577 in December 2003, whereas the median price dropped from $106,943 in December 2002 to $98,250 in December 2003, as indicated below. Class R1, average price: $170,073 in December 2002 $167,578 in December 2003, a decrease of -1.5 percent Class R1, median price: $138,000 in December 2002 $141,000 in December 2003, an increase of 2.2 percent Class R2, average price: $107,244 in December 2002 $113,577 in December 2003, an increase of 5.9 percent Class R2, median price: $106,943 in December 2002 $98,250 in December 2003, a decrease of -8.1 percent.October 03 sales Class RI 780 avg. sales price $165,743 Class RII(condo/twnhm) 84 $108,757 Avg int rate %5.61 Total listings 5,014 152 homes under 100k 467 100-200k, 95 200k -300k 40 300-400k 15 400-500k 11 homes over $500k 0 over 1mil. R1 Where they sold: Albuquerque 560 Corrales 10 Rio Rancho 109 Placitas 6 east mts 55 Los Lunas areas 38 Sept. 03 sales Class RI 888 avg. sales price $168,848 Class RII(condo/twnhm) 98 $111,820 Avg int rate %5.72 Total listings 3.368 159 homes under 100k 514 100-200k, 135 200k -300k 44 300-400k 23 400-500k 13 homes over $500k 0 over 1mil. R1 Where they sold: Albuquerque 659 Corrales 11 Rio Rancho 109 Placitas 11 east mts 54 Los Lunas areas 40 August 03 sales Class RI 964 avg. sales price $175,730 Class RII(condo/twnhm) 90 $115,638 Avg int rate %6.00 Total listings 3,535 148 homes under 100k 583 100-200k, 147 200k -300k 47 300-400k 19 400-500k 17 homes over $500k 3 over 1mil. R1 Where they sold: Albuquerque 702 Corrales 20 Rio Rancho 122 Placitas 0 east mts 49 Los Lunas areas 57 June 03 sales Class RI 891 avg. sales price $173,932 Class RII(condo/twnhm) 91 $99,900 Avg int rate %5.00 Total listings 3,561 129 homes under 100k 528 100-200k, 156 200k -300k 46 300-400k 16 400-500k 16 homes over $500k 0 over 1mil. R1 Where they sold: Albuquerque 680 Corrales 12 Rio Rancho 99 Placitas 2 east mts 41 Los Lunas areas 46 May 03 sales Class RI 845 avg. sales price $158,374 Class RII(condo/twnhm) 50 $102,630 Avg int rate %5.18 Total listings 3,978 186 homes under 100k 3485 100-200k, 111 200k -300k 33 300-400k 22 400-500k 6 homes over $500k 2 over 1mil. R1 Where they sold: Albuquerque 624 Corrales 13 Rio Rancho 102 Placitas 1 east mts 48 Los Lunas areas 50 Jan 03 sales Class RI 548 avg. sales price $157,015 Class RII(condo/twnhm) 50 $102,630 Avg int rate %5.63 Total listings 3,440 119 homes under 100k 316 100-200k, 77 200k -300k 20 300-400k 11 400-500k 5 homes over $500k 0 over 1mil. R1 Where they sold: Albuquerque 399 Corrales 6 Rio Rancho 76 Placitas 4 east mts 22 Los Lunas areas 35Dec 2002 sales Class I 684 avg. sales price $170,073 Class II(condo/twnhm) 73 $107,244 Avg int rate %5.73 Total listings 3,524 139 homes under 100k 329 100-200k, 78 200k -300k 40 300-400k 9 400-500k 15 homes over $500k 1 over 1mil. Where they sold: Albuquerque 449 Corrales 9 Rio Rancho 61 Placitas 3 east mts 43 Los Lunas areas 37
August sales Class I 824 avg. sales price $164,751 Class II(condo/twnhm) 82 $113,812 Avg int rate %5.95 Total listings 4,055 166 homes under 100k 472 100-200k, 126 200k -300k 30 300-400k 18 400-500k 12 homes over $500k 0 over 1mil. Where they sold: Albuquerque 614 Corrales 17 Rio Rancho 96 Placitas 3 east mts 42 Los Lunas areas 44October sales Class I 714 avg. sales price $163,214 Class II(condo/twnhm) 84 $108,757 Avg int rate %6.59 Total listings 3,680 142 homes under 100k 417 100-200k, 101 200k -300k 33 300-400k 11 400-500k 8 homes over $500k 2 over 1mil. Where they sold: Albuquerque 513 Corrales 8 Rio Rancho 102 Placitas 5 east mts 41 Los Lunas areas 35June sales Class I 789 avg. sales price $161,833 Class II 75 $109,898 Avg int rate %6.39 Total listings 4,209 160 homes under 100k 441 100-200k, 116 200k -300k 43 300-400k 15 400-500k 8 homes over $500k 1 over 1mil. 75 Class II (condo/twnhm) Where they sold: Albuquerque 571 Corrales 10 Rio Rancho 90 Placitas 4 east mts 50 Los Lunas areas 51May sales Class I 715 avg. sales price $158,374 Class II 76 $102,811 Avg int rate %6.42 Total listings 4,190 151 homes under 100k 411 100-200k, 106 200k -300k 32 300-400k 7 400-500k 8 homes over $500k 0 over 1mil. 76 Class II (condo/twnhm) Where they sold: Albuquerque 652 Corrales 13 Rio Rancho 97 Placitas 5 east mts 51 Los Lunas areas 47Apr. 2002 sales Class I 651 avg. sales price $162,311 Class II 75 $95,502 Avg int rate %6.60 Total listings 4,148 137 homes under 100k 371 100-200k, 90 200k -300k 30 300-400k 14 400-500k 8 homes over $500k 1 over 1mil. Where they sold: Albuquerque 599 Corrales 19 Rio Rancho 99 Placitas 1 east mts 46 Los Lunas areas 47 Bernillio 10Feb. listings 3,978 Feb. 2002 avg. price $151,124 interest rate at 6.5% Avg. condo/twn home $99,072 566 sales, 141 homes under 100k 285 100-200k, 51 200k -300k 21 300-400k 7 400-500k 7 homes over $500k 0 over 1mil. 54 Class II (condo/twnhm) Where they sold: Albuquerque 368 48 c2 Corrales 8 Rio Rancho 65 3 c2 Placitas 1 1c2 east mts 29 Los Lunas areas 33 2 c2Jan. listings 3,757 Jan. 2002 avg. price $152,235 interest rate at 6.6% Avg. condo/twn home $94,180 494 sales, 110 homes under 100k 288 100-200k, 69 200k -300k 17 300-400k 7 400-500k 3 homes over $500k 0 over 1mil. 42 Class II (condo/twnhm)Nov. 2001 avg. price $153,888 interest rate at 6.49% Avg. condo/twn home $97,157 520 sales, 121 homes under 100k 305 100-200k, 65 200k -300k 17 300-400k 7 400-500k 5 homes over $500k 0 over 1mil. 74 Class II (condo/twnhm)Oct 2001 avg. price $135,300 adv. Interest rate 6.59% Avg. condo/twn home $101,000 616 sales, 144 homes under 100k 348 100-200k, 87 200k -300k 27 300-400k 4 400-500k 5 homes over $500k 1 over 1mil. 55 Class II (condo/twnhm)
12 month report Sept. 2001 US price increase for homes 8.39% New Mexico 5.31% Albuquerque 5.5 %Albuquerque home construction new permits Northwest area 1,701 Southwest area 966 Northeast area 665 Southeast area 224Sept. 2001 avg. price $124,925 interest rate at 6.4% Avg. condo/twn home $90,400 662 sales, 148 homes under 100k 340 100-200k, 77 200k -300k 14 300-400k 11 400-500k 8 homes over $500k 0 over 1mil. 64 Class II (condo/twnhm)
Greater Albuquerque Housing Trends--August 2001 Class Average Sales Price Average Interest Rate Aug. '00 Aug. '01 Aug. '00 Aug. '01 I $155,469 $156,000 8.03% 6.59% II $106,599 $113,812 Class Sales Contracts Written New Listings Aug '00 Aug '01 Aug '00 Aug '01 Aug '00 Aug '01 I 643 726 509 720 1,532 1,387 II 58 65 61 72 157 183 T+ 701 791 570 792 1,689 1,570 Area August 2001 Sales Total Pendings Class I Class II Class I Class II YTD sales 1-12 519 54 538 58 through 13 14 0 20 1 August 2001: 14-16 91 7 80 10 5884 (total 17 2 1 1 1 sales reported 18 11 0 7 0 from 1/1/01 to 21-29 48 0 39 0 8/31/01, Classes 68-76 41 3 35 2 I & II) Total 726 65 720 72 Category Median Prices ($) Active August Second Quarter Listings as of 2000 2001 2000 2001 8/31/01 Class I 131,250 130,000 132,500 131,320 3,101 Class II 102,750 101,000 95,000 98,500 404 3,505July 2001 year to date was 5,075 Avg. price $139,250 as compared to July last year $130,000 interest rate was 6.79% last year 8.15% Areas 1-12 597 area 13 12 area 14-16 88 area 17 1 area 18 6 area 21-19 45 area 69-76 49 total homes 798 new building permits for single fam. 454 Town homes 11June year to date sales was 4,059 homes. Avg. price class 1 homes Was $154,793 with interest rate at 6.88% avg. 649 class 1 homes sold. Areas 1-12 491 Area 13 10 corrales Area 14-16 67 rio rancho Area 17 4 placitas Area 18 5 bernillio Areas 21-29 42 east mts. Areas 69-76 30 south of albq. Class 1 active listings for June 3, 638
May was a record breaker. Med price was $129,900 With interest rates at 6.94% There were 4,154 homes for sale down 700 from Last year. 837 sold 70 more than our all time high from 8-95
April 2001 avg. price $150,783 interest rate at 6.85% Avg. condo/twn home $100,373 723 sales, 173 homes under 100k 377 100-200k, 73 200k -300k 27 300-400k 6 400-500k 8 homes over $500k 1 over 1mil. 59 Class II (condo/twnhm) Overall up 32.7% over Apr. 2000March 2001 avg. price $150,413 interest rate at 7-8.24% Avg. condo/twn home $101,244 612 sales 9 homes over $500k, 332 100-200kFeb. 2001 avg. price $152,627 interest rate at 7-8.33% Avg. condo/twn home $99,839 445 sales up from 381 in 2000 area 1-12 13 14-16 17 18 21-29 69-76 30 0 59 2 6 25 23 <$99k 100-200k 200-300k 300-400k 400-500k 500-1m over 1m 106 256 57 13 7 6 0 ___________________________________________________________________ January 2001 single fam. Detached class 1. Avg. price $146,935 condo/twn home $102,991 391 class 1 sold up 11.7% over last year and 18.6% over 12/00 area 1-12 13 14-16 17 18 21-29 274 5 66 2 4 14 other 26 <$99k 100-200k 200-300k 300-400k 400-500k 500-1m over 1m 91 182 34 12 1 2 1
YEAR END TOTALS. 2000 SALES DIPPED 4.8% FROM 1999. 7,379 SOLD
NOV. 2000 SALES DIPPED 10.5% FROM Nov. 521 SOLD
OCT. 2000 SALES UP SLIGHTLY WITH 582 SOLD
SEPT. 2000 SALES DROPPED 4% YTD 575 HOMES SOLD
average interest rate in SEPT. CLIMBED TO 9%
5,285 listings med. price of 3 bed class 1 was $119,900
August 2000 SALES UP 5.6% OVER July. 701 HOMES SOLD
average interest rate in AUGUST 8.03%
5,164 listings med. price of 3 bed class 1 was $125,200
condo/townhouse med. $102,750 med price over all was $129,500
JULY SALES DECLINE FROM JUNE... YTD DOWN 3.5% ITS A BUYERS MARKET! JULY INTEREST RATES SLIPPED TO 8.15% FOR AN AVERAGE OF 8.0% GOOD DEALS! 5,240 HOMES FOR SALE 664 SOLD IN JULY. TOTAL OF 4,007 HOMES SOLD THIS YEAR TO DATE
MARCH 2000 SALES UP 57% OVER JUNE. 677 HOMES SOLD
average interest rate in JUNE 8.29%
ABQ housing permits Jan-June 1,836
FEBRUARY 2000 SALES UP 15% OVER JAN. 431 HOMES SOLD
average interest rate in Feb. 8.5%
MEDIAN PRICE $127,950 OVER $126,900 LAST YEAR
DECEMBER 1999 SALES 7,077 HOMES FOR THE YEAR
508 SALES average interest rate in December 7.91%
MEDIAN PRICE $125,000 OVER $127,000 LAST YEAR
NOVEMBER 1999 SALES.
570 SALES average interest rate in November 7.4%
MEDIAN PRICE $129,6000 OVER $132,000 LAST YEAR
INTEREST RATES AT 7.6.86%
OCTOBER 1999 SALES.
552 SALES average interest rate in October 7.86%
SEPTEMBER 1999 SALES.
619 SALES average interest rate in September 7.9%
MEDIAN PRICE $128,250 OVER $129,900 LAST YEAR
INTEREST RATES AT 7.5%
AUGUST 1999 SALES.
729 SALES average interest rate in August 7.9%
MEDIAN PRICE $128,950 OVER $130,100 LAST YEAR
1.7% OVER LAST MONTH HIGHEST THIS YEAR
JULY 1999
MEDIAN PRICE $133,000 OVER $127,000 LAST YEAR
JUNE 1999 SALES.
685 SALES average interest rate in June 7.57%
MEDIAN PRICE $136,250 OVER $129,900 LAST YEAR
MAY 1999 SALES.
663 SALES average interest rate in May 7.11%
MEDIAN PRICE $125,000 OVER $133,000 LAST YEAR
MARCH 1999 SALES.
632 SALES
MEDIAN PRICE $129,000 OVER $124,900 LAST YEAR
FEBRUARY 1999 SALES HIGHEST EVER FOR A FEB.
488 SALES, WITH 4,830 HOMES ON THE MARKET
MEDIAN PRICE $126,900 OVER $125,000 LAST YEAR
JANUARY 1999 SALES UP 19% OVER LAST YEAR JAN
MEDIAN PRICE $131,950 OVER $130,000 LAST YEAR
Population growth 11th in the US at +14%
4th qtr of 98 median sales price Albuquerque $129,500 up 3.4% over 97.
USA median price $131,000
Northeast $148,200
West $174,400 DECEMBER 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP LAST YEAR MEDIAN HOME PRICE $127,000
NOVEMBER 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP LAST YEAR MEDIAN HOME PRICE $124,250
AVERAGE PRICE $132,000 OVER OCTOBER 98 $125,804
OCTOBER 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP 2.84% OVER LAST YEAR
SEPTEMBER 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP 4.19% OVER LAST YEAR MEDIAN HOME PRICE $134,000
AVERAGE PRICE $129,900 621 CLOSINGS
AUGUST 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP 11.1% OVER LAST YEAR MEDIAN HOME PRICE $127,500
AVERAGE PRICE $130,100 644 CLOSINGSJULY 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
UP 5.6% OVER LAST YEAR MEDIAN HOME PRICE $127,000
AVERAGE PRICE $147,004 729 CLOSINGSJUNE 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
MEDIAN HOME PRICE $129,900 AVERAGE PRICE $150,848MAY 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
MEDIAN HOME PRICE $125,000APRIL 98 HOME SALES AND MEDIAN HOME PRICE BY AREA
MEDIAN HOME PRICE $122,500MAR 98 HOME SALES
MEDIAN HOME PRICE $124,900 SALES UP %40FEB 98 HOME SALES
MEDIAN HOME PRICE $123,000
JAN 98 HOME SALES
DECEMBER 97 HOME SALES
NOVEMBER 97 HOME SALES
OCTOBER 97 HOME SALES
SEPTEMBER 97 HOME SALES
AUGUST 97 HOME SALES
JULY 97 HOME SALES
AVERAGE PRICE $142,403
ALBUQUERQUE AREA HOMES*
CLICK TO SEE ALBQ. AREA INFORMATION PAGE (new school scores)
RIO RANCHO NEW MEXICO HOMES west Albuquerque.
CORRALES NEW MEXICO HOMES north river Albuquerque
PLACITAS NEW MEXICO HOMES north of AlBUQUERQUE
LOS LUNAS NEW MEXICO HOMES south Albuquerque
CALL TRISH OR CHUCK ABOUT THIS HOME OR EMAIL
EMAIL US YOUR REQUIREMENTS
CLICK TO GET FREE RELO PAK!BACK TO INFORMATION AND LISTINGS
This page has been visited this many times:
PLEASE TAKE NOTE:
Click Here for COPYRIGHT AND DISCLAIMER NOTICE information from southwest mls and albq. journal
TRISH DAWSON, JD, REALTOR AND CHUCK DAWSON, MA, ASSOCIATE BROKER both with Coldwell Banker Legacy 898 2700 DIRECT 505-792 7632 HOME 505-898-9380 971-8584 PAGE 898-9372 FAX