Albuquerque, NM Real Estate News

By Kimberly Grant, Real Estate Agent - Huntsville Alabama
(Exit Leon Crawford Realty)
City Spotlight: Albuquerque New Mexico...Everything from Deserts to Horse Properties!Submitted by: Kimberly Grant, Huntsville Real Estate Agent Huntsville Real Estate Blog Its that time again!!!  Time for another spotlight of a great city in our country.  This time our target is Albuquerque New Mexico.  Did you know that Albuquerque is the largest city in the state of New Mexico?  Yes it is!  It was founded in 1706 and its no wonder its the county seat of Bernalillo County.  The city now operates under the leadership of Mayor Martin Chavez.  Recent estimates put the populations of Albuquerque around 505,000.  Albuquerque is also ranked as the 33rd largest city and the 61st largest metropolitan area in the United States.The beauty of Albuquerque truly lies in the natural beauty of its su...
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By Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate
(Century 21 Camco Realty)
 The hottest housing market in the U.S., according to Housing Predictor, is Albuquerque, New Mexico, with a forecast average appreciation of 9.1% for 2007. The service lists the top 25 market in America, based on forecast average appreciation, all of which indicate 2007 appreciation rates over 5%.So which markets are the very best? The top 5 real estate markets, all with forecast average appreciation rates over 8%, are:Albuquerque, New MexicoMcAllen, TexasSalt LAke City, UtahAustin, TexasSeattle, WashingtonInterestingly, with the exception of Seattle, all are in the Southwest region of the country. Which real estate markets are doing the worst? According to Housing Predictor, the 5 worst appreciation rates in the country belong to:Miami, FloridaSan Diego, CaliforniaLos Angeles, Californ...
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By Ashley Drake Gephart
(Drake Intel Group)
5 Great Things to do in Fantabulous Albuquerque  Sandia Peak Aerial Tramway Take a ride on the world's longest aerial tramway. Dine at the top of the Sandia Peak at the High Finance Restaurant and Tavern.  Albuquerque Biological Park The Biological Park consists of the Albuquerque Aquarium, Rio Grande Botanic Gardens, Rio Grande Zoo, and Tingley Beach. Enjoy dining at The Shark Reef Café at the Aquarium.  Elena Gallegos Picnic Area This beautiful 640 acre park has an elevation of approx 6,500 feet. A network of paths is available for hikers, bikers, and equestrians. There are also two paths for hikers only.Read more... NM Museum of Natural History & Science Located in the Old Town area of Albuquerque and housing the LodeStar Astronomy Center, this is a perfect day activity for all. Chec...
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By Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate
(Century 21 Camco Realty)
Is your local real estate market one that's "Cool for Sellers" or is it a "Red-Hot Buyers' Market"?If you're like most homeowners, you're probably wondering, "just how is the market holding up for houses like mine?" You may even have diligently read all sorts of market data about sales and prices being down (or up) in your city. The trouble is, statistics about your city will tell you very little about the market as it applies to your specific property! Here's why:Everything in real estate always come down to three main issues:LocationLocation, andLocation (aw, you guessed it!)This "truism" is as true as ever, and "location" does NOT mean your city. It is much more specific than that. It refers to your immediate neighborhood, and adjacent properties, services, and amenities. Within the ...
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By Tego Venturi
(Keller Williams Realty)
Here is a list of area websites that can be helpfull. City and County City of Albuquerque - www.cabq.govCity of Rio Rancho - http://www.ci.rio-rancho.nm.us/Town of Bernalillo  http://www.townofbernalillo.org/Village of Los Ranchos de Albuquerque http://www.villr.com/Village of Corrales - http://www.corrales-nm.org/Placitas - http://www.placitaschamber.com/Bernalillo County - www.bernco.govSandoval County - http://www.sandovalcounty.com/ NewsAlbuquerque Journal - www.abqjournal.comAlbuquerque Tribune - www.abqtrib.comNew Mexico Business Weekly - albuquerque.bizjournals.comRio Rancho Observer http://www.observer-online.com/ Travel and TourismAlbuquerque Chamber of Commerce - www.abqchamber.comTourism site for the city of Albuquerque - www.itsatrip.orgRio Rancho Economic Development Corpor...
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Top Real Estate Markets Appreciating Rapidly Albuquerque makes the list again. From our perspective, it seems that the Albuquerque Real Estate market is slow. But compared to other parts of the country, we are doing well. We have lots of home for sale in Albuquerque and Rio Rancho, but they are selling (if priced right), and homes and land continue to appreciate. http://www.welcomehomeabq.com/
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market report Albuquerque Acres West (MLS Area 21) View a current list of Albuquerque Acres West homes for sale.For a complimentary Albuquerque home valuation contact me today.  The Albuquerque Acres West area is bounded by Ventura and I-25 and Paseo Del Norte and I-25.June 2007#  of HomesMedian PriceLowest PriceHighest PriceNew Listing57$ 349,900$ 199,999$ 860,000Pending20$354,450$214,000$860,000Sold20$ 329,750$ 224,000$ 909,000Last 12 months SalesSquare FeetBedroomsBathroomsMinimum67221.5Maximum438364.25Last 12 Months SalesDays on MarketMinimum0Average33Maximum215Albuquerque Acres West is served by Albuquerque Public Schools Albuquerque ResourcesAlbuquerque Home SearchAlbuquerque NM Relocation Information City of ABQIf you are looking to buy or sell a home in Alb...
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market reportHigh DesertFor a current list of High Desert homes for sale search Albuquerque home listings.For a complimentary Albuquerque home valuation contact me today.Read more about High Desert.The High Desert area is bounded east of Tramway in the foothills of the Sandias, accessible from Academy and Tramway as well as Spain and Tramway.June 2007# of HomesMedian PriceLowest PriceHighest PriceNew Listing16$ 549,900$ 229,900$ 1,985,000Pending10$519,900$229,900$1,180,900Sold8$ 581,250$ 304,000$ 980,000Last 12 months SalesSquare FeetBedroomsBathroomsMinimum126621.75Maximum781654.75Last 12 Months SalesDays on MarketMinimum0Average40Maximum242  High Desert Schools:Albuquerque Public School DistrictGeorgia O'KeefeEisenhower MiddleEldorado HighAlbuquerque Resources:Alb...
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By Brian Warden
(Choices Real Estate)
According to yesterday's Albuquerque Journal, historic homes in downtown Albuquerque are a really hot new market. The area bounded by Central and Mountain to the north and south, and by 6th St. and 19th St. on the east and west, features an eclectic mix of pueblo-style homes, brick and ston cottages, and even some new construction. And this is one of Albuquerque's hottest real estate markets. There are five registered historical districts, tow of which require city historical reviews before owners make any exterior modifications. Properties here range from real fixer-uppers to lovingly restored creampuffs, and residents love the variety of architecture, the shade trees, and the ability to walk to jobs, restaurants, and nightlife.Most of these historic properties were built between 1910 ...
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By Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate
(Century 21 Camco Realty)
 Market absorption rate is a good way to get a feel for how hot the real estate market is in your area. Absorption rate basically represents the time it would take to sell all the existing inventory of homes in a certain market at the rate they currently are selling, if no additional properties came on the market in the mean time.Richard Dolbeare recently created a great blog post that visually demonstrated absorption rate in his Hawaii market with a color-coded chart that really grabbed me as a way of showing very graphically what is goin on in a given market. Using his tip, I've created a graphic presentation of what is currently going on with the market in some of our Albuquerque horse-friendly areas, by analyzing the current absorption rates in Albuquerque's North Valley areas, Corr...
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market reportUptownView  a current list of Uptown homes for sale.  For a complimentary Albuquerque home valuation contact me today.  The Albuquerque Uptown area is bounded by Wyoming and I-25 and Montgomery and I-40.June 2007#  of HomesMedian PriceLowest PriceHighest PriceNew Listing48$ 199,700$ 79,000$ 429,900Pending29$180,000$79,000$375,000Sold22$ 198,250$ 123,000$ 414,450Last 12 months SalesSquare FeetBedroomsBathroomsMinimum4800.75Maximum350053.5Last 12 Months SalesDays on MarketMinimum0Average25Maximum223Albuquerque Uptown is served by Albuquerque Public Schools Albuquerque ResourcesAlbuquerque Home SearchAlbuquerque NM Relocation Information City of ABQIf you are looking to buy or sell a home in Uptown Albuquerque, please contact me today. For all your Albuqu...
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market report Cherry Hills For a current list of Cherry Hills homes for sale search Albuquerque home listings.  For a complimentary Albuquerque home valuation contact me today.  Cherry Hills is located in NE Albuquerque East of Wyoming and North of Harper.    June 2007#  of HomesMedian PriceLowest PriceHighest PriceNew Listing3$ 299,900$ 283,000$ 339,900Pending2$319,900$299,900$339,900Sold0000Last 12 months SalesSquare FeetBedroomsBathroomsMinimum163031.75Maximum370043.5Last 12 Months SalesDays on MarketMinimum0Average25Maximum64Neighborhood SchoolsAlbuquerque Public SchoolsDennis Chavez Elementary Madison Middle La Cueva High Albuquerque ResourcesAlbuquerque Home SearchAlbuquerque NM Relocation Information Elena Gallegos Picnic Area >> Albuquerque NM City of ABQ I...
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          The Albuquerque Home Market report   North Albuquerque Acres View current list of North Albuquerque Acres homes for sale. View current North Albuquerque Acres Market Reports. North Albuquerque Acres is located west of Tramway and South of Elena.  June 2007 #  of Homes Median Price Lowest Price Highest Price New Listing 41 $ 659,900 $ 360,000 $ 1,550,000 Pending 14 $ 537,400 $ 360,000 $ 1,195,000 Sold 19 $ 599,000 $ 315,000 $ 1,350,000   Last 12 months Sales Square Feet Bedrooms Bathrooms Minimum 1569 3 1.75 Maximum 7001 6 6   Last 12 Months Sales Days on Market Minimum 0 Average 53 Maximum 321 Neighborhood Schools Albuquerque Public Schools Edmund G. Ross Elementary Dennis Chavez Elementary Double Eagle Elementary Desert Ridge Middle Madison Middle La Cueva High Albuquerque R...
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market report Sandia Heights View current list of Sandia Heights homes for sale.  June 2007#  of HomesMedian PriceLowest PriceHighest PriceNew Listing20$424,450$250,000$1,650,000Pending2$336,810$314,900$358,719Sold17$465,000$279,900$970,000Last 12 months SalesSquare FeetBedroomsBathroomsMinimum120021Maximum867055Last 12 Months SalesDays on MarketMinimum0Average50Maximum320Neighborhood SchoolsAlbuquerque Public SchoolsDouble Eagle ElementaryDesert Ridge Middle La Cueva HighAlbuquerque Resources:Wind Energy in New Mexico Albuquerque NM Relocation Information City of AlbuquerqueAlbuquerque Home SearchFor all your Albuquerque Real Estate needs: Ashley Drake Gephart Keller Williams Realty Cell: 505.261.0389If you are looking to buy or sell a home in Sandia Heights, plea...
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By Ashley Drake Gephart
(Drake Intel Group)
We celebrated the 4th of July in Albuquerque at the "Freedom Fourth" bash at the Balloon Fiesta Park. After a heavy storm that brought hail, we were able to get out. The city had a free Park & Ride that made shuttling back and forth a breeze. We got to the park in time to hear our own Mayor Martin Chavez take to the stage and play for two songs. Over 65,000 people showed in spite of the weather to see the fireworks and rock out with Joan Jett and the Blackhearts. I have to say the city's Cultural Services Department did a great job with this event. It was only one dollar admission, free bus service, and free bottled water. All in all, it was a great time.  The photos aren't that great since I was unable to hold the camera steady enough for nighttime. The firework photos where taken wit...
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By Ashley Drake Gephart
(Drake Intel Group)
The Albuquerque Home Market Report Four Hills June 2007 See the most up-to-date list of Four Hills homes for sale. View current Four Hills Market Reports Four Hills is located SE of Tramway and Central. Just off Route 66.Read more about Four Hills. June 2007 # of Homes Medium Price Lowest Price Highest Price New Listing 33 $333,012 $179,000 $720,000 Pending 8 $339,950 $179,000 $795,000 Sold 8 $238,000 $173,000 $383,500   Last 12 months Sales Square Feet Bedrooms Bathrooms Minimum 950 2 1 Maximum 5453 5 5   Last 12 Months Sales Days on Market Minimum 0 Average 35 Maximum 230 Neighborhood Schools Albuquerque Public Schools Apache Elementary Grant Middle Manzano High Albuquerque Resources: Wind Energy in New Mexico Albuquerque NM Relocation Information City of Albuquerque Albuquerque Home...
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By Brian Warden
(Choices Real Estate)
The greater Albuquerque real estate market had a pretty good month of May, according to the real estate sales figures recently released by the Albuquerque Board of Realtors. But where exactly are homes selling best? And in what price ranges?The Greater Albuquerque Real Estate market actually consists of a number of areas:Albuquerque itselfCorralesRio RanchoPlacitasBernalillo and Algodonesthe East MountainsValencia CountyNaturally, the city of Albuquerque itself posted the largest number of sales, followed by Rio Rancho, and then Valencia County. The table at right shows the actual number of single family homes in each area that closed during the month of May, 2007.   Sales by AreaAlbuquerque748Corrales7Rio Rancho150Bernalillo/Algodones3Placitas8East Mountains42Valencia county62Certain p...
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By Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate
(Century 21 Camco Realty)
Real estate news in Albuquerque for May, 2007 was pretty good, in many respects.The Albuquerque Metropoitan Board of Realtors reports that home sales increased 12% from April to May, with 1020 sales.  The average price for a single family home in the Albuquerque Metro Area was also up, with a sales price average of $246,062 for May, compared with $243,023 for April. All good news, so far. But there are some less palatable statistics available, too. While the number of sales was up compared to April, it was still below figure for the same month last year. In May, 2006, 1301 existing single-family homes sold in the Albuquerque Metro area, so the number of sales is down almost 22% when compared with the same month a year ago. Another issue is the fact the the number of homes on the market ...
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By Ashley Drake Gephart
(Drake Intel Group)
ENCHANTING ENTERTAINMENTCome play, escape, and relax at the Sandia Resort & Casino, a stunning Sandia-Pueblo style entertainment complex!    LOCATIONSandia Resort and Casino is located off I-25 at the Tramway exit, approximately 8.5 miles from the intersection of I-25 and I-40.      CASINOStep into the 110,000 sq. ft. casino area and enjoy Las Vegas style gaming. Sandia Casino offers high stakes blackjack, craps, roulette, and over 1,700 slots and video poker. Want to enjoy the casino smoke free? Sandia offers a smoke free area with select games.   DININGBien Shur offers roof top dining business casual dress codeThe Council Room Steakhouse is located off the hotel lobby and gaming areaThur Shan Buffet offers a Seafood buffet every Friday nightPa Shur Deli is located on the gaming floor...
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By Ashley Drake Gephart
(Drake Intel Group)
.ashHeader { font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 14px; font-weight:600; color:#3d5da4; text-decoration:none; display:block; } The Albuquerque Home Market report  UNM South View current list of UNM South homes for sale. If you are looking to buy or sell a home in UNM South, please contact me today. UNM South is South of Central between San Mateo and I-25.  May 2007#  of HomesMedian PriceLowest PriceHighest PriceNew Listing38$ 268,000$ 36,000$ 795,000Pending12$ 201,500$ 36,000$ 815,000Sold25$ 219,900$ 88,621$ 371,500Last 12 months SalesSquare FeetBedroomsBathroomsMinimum5771.75Maximum504564Last 12 Months SalesDays on MarketMinimum0Average35Maximum290Neighborhood SchoolsAlbuquerque Public SchoolsMonte Vista ElementaryBandelier ElementaryWilson Middle Jefferson M...
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