Albuquerque Homes
Albuquerque homes offer beautiful home settings for everyone, whether you're hoping to live in the shadow of the Majestic Sandia Mountains or if you're more at home in the cooler Rio Grande valley. If you are browsing for Albuquerque NM Four Bedroom Homes or New Property in Albuquerque NM, this real estate website has what you're seeking. The Home search results are already categorized to make your search for Albuquerque Homes faster and easier than ever. You'll can even find short sale homes or foreclosures houses here. This site links to the real Southwest MLS database and updates automatically every day, so visit often so you don't miss any great Albuquerque Homes!
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Albuquerque Home Sales Were Up in August!
This month's Albuquerque Real Estate report contained some of the most promising news yet for home sellers in Albuquerque. The number of closed sales in Albuquerque increased by 26% over last year. Pending home sales were also up 14%, which bodes well for September home sales. More good news is that new listings were down by 14%. More sales and fewer listings means we are moving away from the strong buyer's market to a more balanced and normal market.
However, both the median and average sales prices were down around 10% in August reflecting what most Albuquerque Realtors on the street already know, that most of today' buyers are bargain hunters loooking for the best possible deals they can find on Albuquerque homes.
There are still a good number of foreclosure homes or bank owned homes for sale, but at least they have not been increasing. 30% of closed home sales in Albuquerque were distressed properties-either short sales or REO/Bank Owned/Foreclosure homes. This may sound high, but compared to nearby markets like Phoenix and Las Vegas, those numbers look good.
Home inventory is lower in most areas of town than it is has been in recent memory, with some areas of Albuquerque at 6.5 to 7 months of inventory. No doubt the amount of home inventory will grow as fall transitions into winter as it normally does, but perhaps by next spring we'll be experiencing a more energetic market than we have the last several years.
Still a Great Time to Buy and Albuquerque Home
For home buyers it;s still a great time to buy. Interest rates are incredibly low, in the low 4's. Prices are down and most home sellers have realized that to sell they not only need to price their homes aggresively but they need to remodel and update them in addition to keeping them clean and show ready. Of course they are always exceptions, but in general the quality of the homes I have been showing has been very good lately.
Condos are still very difficult to buy as HUD/FHA changed their requirements for condo complexes to be eligible for financing. In order to buy a condo, not only does the borrower have to be qualified for a loan, but so does the condo complex. With lower priced homes flying off the market, the condo market would be hot now-if anyone could get financed. Condos are a great option right now for anyone looking to pay cash. There are so many to choose from it's not hard to find sellers who will sell for really great prices.
Don't worry If you don't have cash for closing costs. In a market like this most sellers are willing to help out qualified home buyers with cash for closing costs. Plus, the MFA program is still available hwere low and middle income families can receive assistance for down payment funds as well. Sometimes without any repayment necessary!
Begin Now: Search our Albuquerque, NM MLS
With such across-the-board realty alternatives, including Million Dollar Homes in Albuquerque NM, everybody can find a home here, and enjoy the wonderful Albuquerque, NM way of life. Peruse now to find the Albuquerque, NM dwelling that fits your preferences – and funds. With so many options, it would seem that one and all can obtain a home in Albuquerque, NM without trouble.
We recognize that Albuquerque, NM Homes are tremendous investments, and that not every Albuquerque, NM home suits every home buyer. Our no-registration Multiple Listing Service even contains Golf Community in Albuquerque NM, and more. Your potential Albuquerque, NM abode is closer than you might think. After you pinpoint a few Albuquerque, NM homes that fit your needs, learn more by contacting Rich Cederberg as soon as possible. Rich Cederberg can be reached at 505-750-1846. The Albuquerque, NM living space you’ve been wanting may not be available forever, so begin the search now by surveying our no-charge Albuquerque, NM MLS. From Albuquerque NM Horse Real Estate to Albuquerque NM Gated Homes, the online catalog has the realty you want!
Venture Realty Group - 2001 Gold Ave SE, Suite 18, Albuquerque , NM 87106 - 505-750-1846
