Rio Rancho, NM Real Estate News

By A. Peter Veres
(Pete Veres, CRS RE/MAX Elite - Elite Asset Management Team)
3010 Ilford is a beautiful custom home situated on a .5 acre fully landscaped lot which is located next to open space that will provide you that additional privacy. This home features an open floor plan with great views, lots of light and upgrades throughout. The gourmet kitchen features custom cabinets, granite counter tops, stainless steel appliances and wonderful lighting which opens into the dining and living areas. Enjoy two separate living areas, both include their own fireplaces and the main living area boasts beautiful tongue and groove ceilings with large vigas and an incredible two way kiva fireplace which faces a second eating area. The spacious master bedroom provides lots of light and a two way fireplace that opens into an inviting master bath complete with a whirlpool bat...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here's my November 2009 Enchanted Hills Real Estate Report.There are currently 72 homes for sale in Enchanted Hills.51 of the available homes are regular sales.Average list price:                   $230,884Average Square Footage:               2185Average price per square:              $10917 of the available homes are short sales, and 4 are bank owned properties.13 homes closed in November 2009. 11 were regular sales.Average list price:               205,646Average Square Footage:         2241Average price per square:          $941 short sale and 1 bank owned property. Days on the Market in Enchanted HillsAverage DOM:             86 Quickest Sale:              5 daysSlowest Sale:             468 daysEnchanted hills is located in Northern Rio Rancho near the intersection of 528 and 550....
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Do you want to search for Rio Rancho NM Homes for Sale?   If you are considering buying a Rio Rancho Home you need to understand current Rio Rancho Real Estate Market trends to make sure you don't overpay for your new home. To help you understand what the real estate market is doing I publish monthly Rio Rancho Real Estate Reports.   Search Rio Rancho Real Estate November was another good month for the Rio Rancho Real Estate Market.   This graph illustrates that the number of closed sales for detached homes in November 2009 (114) were a significant increase over the number of closed sales in November 2008 (74). This is a 54% increase. November 2009 sales were the strongest since 2006.The drastic increase in November closed sales is most likely due to the rush of first time home buyers w...
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By Dynamic Page Solutions
(Dynamic Page Solutions)
It is often said that the heart of New Mexico beats in the central region that encompasses the Albuquerque Metro, and if this thriving, dynamic hub takes credit as the state's central life force, then the adjoining city of Rio Rancho can certainly claim title as the main artery!  This bustling center sits just to the west of the majestic Sandia Mountain Range in a valley that boasts a mild, high desert climate perfectly suited for all that the region encompasses.  Cool mountain forests are easily accessible, as are all the rich historical offerings of Albuquerque proper, and a mere 45-minute drive away is the cultural center of the Southwest, Santa Fe.  Rio Rancho is referred to as the "City of Vision" and it lives up to this name by constantly striving to set and maintain high standard...
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By Dynamic Page Solutions
(Dynamic Page Solutions)
As the largest city in New Mexico's Sandoval County and a rapidly growing economic hub, Rio Rancho has certainly come a long way since the days of its shady beginnings as a land scam.  The city has managed to do away with the negative reputation it once bore in favor of a new face that serves as quite the anomaly in a land of such rich heritage and culture as New Mexico.  Most of the town's structures are generally less than 40 years old - a distinct contrast to the architectural offerings of neighboring Albuquerque!  The phenomenal growth of the area in and around Rio Rancho has fueled the popularity of a new nickname, "City of Vision," which is substantiated by the influx of cutting edge industry (like Intel), the development of a vibrant downtown area, and the construction of modern,...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Well respected home builder Michael Sivage has returned to the Albuquerque/Rio Rancho Real Estate market with Sivage Homes at High Range. If you know Northwest Albuquerque Real Estate, then you'll recognize the Sivage name as part of the Sivage Thomas brand that was so popular in the 1990's and into the 2000's in popular neighborhoods like Richland Hills, Congress Heights, Shenandoah, Parkway and Ventana Ranch to name a few.Sivage Thomas homes built their reputation on building elegant homes using quality construction. In the early 2000's Sivage Thomas was bought by Pulte homes and disappeared from the local market. Several years later Michael Sivage came back and began building luxury custom homes in northern Rio Rancho at Mariposa.What's so exciting about Sivage Homes at High Range is...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Enchanted Hills is located in northern Rio Rancho. The neighborhood is west of NM 528 and south of US 550. View Map                         Let's start with a look at the overall market in the area over the last 30 days. As you can see from the graphic to the left the number of closed sales over the last 30 days was very low. 6 to be exact. However, the number of pending sales is quite high. This suggest two possible things. First that the market is picking up, or second, that there are a lot of short sales in pending status that are not making it to closing. ---------------------------------------------------------------------------------------------------------------------------                         A closer look at the curent pending sales shows that most of the transactions are r...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here's my latest Rio Rancho Real Estate Report for September 2009. There is some good news to report this month! Year -to-date (YTD) Closed sales in Rio Rancho were up 14.89%. Pending Sales were also up 22.31% in September which bodes well for October Closings.       Active Listings The number of Rio Rancho homes for sale in September 2009 decreased 22% since September 2008. The number of townhomes and condos on the market is too small to report. The decrease in inventory is a result of fewer new listings hitting the market combined with an increase in closed sales. Supply and demand is beginning to rebalance.     New Listings The number of new listings in September was down 17% year to date. New listings of single family homes continue their decline as more Rio Rancho homes have sold a...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here is my Rio Rancho Real Estate Report for the month of August 2009. New Listings New listings in Rio Rancho were down 38% YTD, with 197 new listings in August 2009 compared to 317 new listings in August 2008.  Total Listings Available The total number of listings available in Rio Rancho decreased 25%. Pending Sales Pending sales, houses that are under contract but have not yet closed, increased 22%. Closed Sales Rio Rancho closed sales were up 8%. Median Sales Price The median sales price was down 4%, decreasing from $176,500 in August 2008 to $169,700 in August of 2009. Average Sales Price The average sales price was up 1%, increasing slightly from $197,078 in 2008 to $198,615 in 2009.  Average Days on the Market Average days on the market in Rio Rancho increased 11% from 80 days to...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Looking for Rio Rancho Homes for Sale Under $150,000?  There are many nice houses available for not a lot of money in Rio Rancho, many on oversize lots. Are you interested in a new neighborhoods with affordable homes? You might want to consider Northern Meadows or Enchanted Hills. Northern Meadows is located to the west of Unser Blvd. and to the North of Northern Blvd. Northern Meadows is an up and coming development near the new City Center. Here you'll find the Santa Ana Event Center, the Rio Rancho City Offices and the New Sue Cleveland High School. HP will be opening a customer service center near there too and The University of New Mexico has plans for a new Rio Rancho Campus.   Another great area to find Rio Rancho Homes for Sale Under $150,000 is Enchanted Hills which is further ...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Please stop by my Open House at 2280 High Desert Circle in Rio Rancho. I'll be holding the house open from 1 to 4pm on Sunday August 23rd. You'll love the updated kitchen and baths in this little gem. The kitchen has been updated with a New Gas Stove/Oven, a New Built-in Microwave and a New Dishwasher. Both bathrooms have been upgraded with Granite Countertops, New Oiled Bronze Fixtures, New Decorative Mirrors, New Lighting. Other updates/upgrades include Custom Bamboo Roman Shades, Real Golden Bamboo floors, New Valspar Designer Paint and Upscale Ceiling Fans. Landscaping has been upgraded too with fruit trees-Peach, Cherry, Plum and Pear plus a new lawn. There is an Office/Sunroom (heated and cooled) too. All appliances stay. Bring your pickiest buyers!         Look at the beautiful G...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Did you know that there is a Rio Rancho Homebuyer Tax Credit program? It's similar to the Federal $8,000 First-time Homebuyer Tax Credit. The program is actually called the Home Down Payment and Closing Cost Assistance Program and is a grant (no repayment), and is administered through the U.S. Department of Housing and Urban Development (HUD) in conjunction with the City of Rio Rancho. Who is Eliglble? Anyone who has not owned a home in the last three years. Annual household income cannot exceed 80% of the Median Family Income for Rio Rancho-$33,300 for one person, $38,100 for two people, $42,850 for three people. The home must be within the city limits of Rio Rancho. The property can be a single family home, townhome, condo or new manufactured home on a permanent foundation. How Much M...
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By Tego Venturi
(Keller Williams Realty)
Rio Rancho residents along with those involved with economic development will be glad to know that the expansion of Paseo del Volcan is progressing nicely. The city is now moving forward with taking bids for the construction work on this expansion. The projected completion goal is set for January 2011. When working on the future of Rio Rancho, this expansion is a winner giving additional access around Rio Rancho and especially to the future of the city our own Downtown City Center. ABQJOURNAL RIO RANCHO: City Seeks Bids for Paseo del Volcan Rio Rancho Real Estate
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By Susan Agostini
(American Realty)
   I HAVE FOUND THAT MOST PEOPLE CANNOT STAGE THEIR OWN HOMES.  THERE IS SUCH AN ATTACHMENT, THAT IT IS VERY HARD TO DE-PERSONALIZE THAT HOME.  ONCE YOU DECIDE TO PUT YOUR HOME ON THE MARKET, THAT HOME NO LONGER BELONGS TO YOU.  THE HOUSE MUST ATTRACT PERSPECTIVE BUYERS. WHEN THEY WALK THROUGH YOUR DOOR, IT TAKES 15 SECONDS FOR BUYERS TO DECIDE WHETHER OR NOT THEY LIKE THE HOME OR NOT. IN 2007, I EARNED MY ACCREDIATION IN STAGING AND NOW I AM NOT ONLY STAGING MY OWN LISTINGS, BUT ALSO THE OTHER AGENTS THAT WORK IN OUR OFFICE.  MY BROKER LISTED A PROPERTY AND BEFORE HE PUT IT INTO THE MLS, I MET WITH THE SELLER AND WENT FROM ROOM TO ROOM AND TOLD HIM WHAT NEEDED TO BE REMOVED AND DONE. HE WAS VERY RECEPTIVE AND DID EVERYTHING I HAD SUGGESTED.  WE STAGED THE HOUSE, LISTED IT INTO THE MLS ...
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By Susan Agostini
(American Realty)
First time homebuyers have a great advantage right now. Not only are the interest rates the lowest in years, but if you haven't owned a home in 3 years you can possibly be eligible for an $8000 tax credit. What more could you ask for??  The first step is to contact a local mortgage company (if you are working with a realtor,they should be able to provide you with someone they work with) and get yourself pre-qualified. That way you are not looking at houses that are way out of your price range.   Based on your credit, income and other assets you may have the loan officer will be able to tell you how much you qualify for.  Once you get that pre-qualification letter, you're set to go!! Contact your realtor and start looking for your new home.  During the process of finding your home, don't...
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
2009 Welcomes new economic development to Rio Rancho with the breaking ground of the Hewlett-Packard call center in just a few days. Economic growth and development is a welcome addition to the City of Vision. The Hewlett-Packard call center in Rio Rancho plans to employ 1,340. The vision of Rio Rancho is to allow people to live, work and play in the same city. This HP addition will help Rio Ranchoans follow that vision.Go to the link below for more information.http://www.abqjournal.com/riorancho/01911343066west01-01-09.htmVisit our supersite for more information on Rio Rancho real estate and to search for homes or land in Albuquerque and Rio Rancho.
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
The Hewlett-Packard center, Central New Mexico campus & University of New Mexico campus are all moving forward with ground breaking for each of their prospective facilities in the Rio Rancho City Center. Looking into water issues along with Rio Rancho’s infrastructure is also in development. This onward momentum is a benefit for the city and people of Rio Rancho. ABQJOURNAL RIO RANCHO: Bright Future Ahead: "The new year looks" Rio Rancho City Councilors had a busy night... The Star Center in Rio Rancho will be going under contract with different management. City councilors voted to approve termination of the current management team and are ready to take a look at new proposals from other teams. Officials also approved items assisting Hewlett-Packard with their move to Rio Rancho. Plans...
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By Tego Venturi
(Keller Williams Realty)
The Spy Next Door is a new movie under production starring Jackie Chan, George Lopez, & Billy Ray Cyrus.  Being filmed right here in New Mexico, they are spending many days filming at Pulte Homes Loma Colorado New Homes subdivision in Rio Rancho.  We have sold homes in Loma Colorado to several families, so it will be interesting to hear from them their star sighting stories!  If you're thinking of buying a home any time soon, interest rates are great, and it would be fun to show you Loma Colorado while the filming is taking place.  Give us a call... we'll go spy on the Spy Next Door together and find a great home too!    :-) Search for Rio Rancho Real Estate at our WelcomeHomeABQ.com website
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By Tego Venturi
(Keller Williams Realty)
Rosalie Rayburn from the Rio Rancho Journal put together a summary of Rio Rancho news for the past five years (since the RR Journal started being published). Yes, we have seen our ups and downs but the prospects for the city are great. We are excited about future. No, I don’t have rose colored glasses on… Even with the decline in Rio Rancho home sales (just like everywhere) things look bright. RR is a great place to live with a low cost of living. More Businesses, Schools, and Hospitals will be coming into Rio Rancho over the next five years and will provide the catalyst to move the city forward. Here is the article… ABQJOURNAL RIO RANCHO: New Downtown, Population Growth Among Top Stories: "It's been a roller coaster ride for the city in the five years since the Rio Rancho Journal firs...
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
It appears that Hewlett Packard has chosen a temporary site to begin in New Mexico... and although they plan to eventually be near the Rio Rancho City Center, their temporary location will be in Albuquerque at 4411 The 25 Way NE, Albuquerque, NM.  This is good news for the HP Employees as there are many great restaurants nearby like Genghis Grill, Twin Peaks, Bostons the Gourmet Pizza, P.F. Changs China Bistro, Fox & Hound English Pub, Pars Cuisine, Jersey Jack's Deli, & Mimi's Cafe. Visit our Albuquerque Homes website for Albuquerque area homes search and listings.
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