Rio Rancho, NM Real Estate News

By Tego Venturi
(Keller Williams Realty)
With Rio Rancho New Mexico continuing to grow and attract businesses, we've found ourselves working with buyers and sellers of Rio Rancho real estate more this year than ever before. We continually hear good news about Rio Rancho ... their schools are rated among the best in the whole metropolitan area, the aquatic center is ourstanding ...as well as the libraries.  Houses in Rio Rancho include new homes, as well as resale homes, luxury homes, executive homes, golf course homes and homes on larger lots.  New home builders include Pulte Homes, Centex Homes, Artistic Homes, DR Horton Homes, Beazer Homes, Stillbrook Homes, and others.  We can represent you in your new home purchase and ensure that you are getting the best price and options.  We know the areas well and we would love to work...
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By Tego Venturi
(Keller Williams Realty)
As the city of Rio Rancho continues to grow, it is essential that there should be enough water for all the homes and businesses we have now and much more so, for our future. New home construction keeps flourishing in Rio Rancho and slowly but surely new businesses are arriving too. Rio Rancho recently added a beautiful Lowes home improvement store to the Loma Colorado area and we also have a new WalMart in Bernalillo by Enchanted Hills. The “City of Vision” is going to need water to keep up with its future demands. Looks like there’s water in “them thar hills”! Check out the link below from the Rio Rancho Observer for more info about a deepwater aquifer that may answer Rio Rancho’s water needs. Here are the stories for the Journal and the Observer... http://www.abqjournal.com/news/stat...
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By Tego Venturi
(Keller Williams Realty)
With more than 75,000 people in Rio Rancho alone, new hospitals are a welcomed site in Sandoval County! Presbyterian Healthcare Services and the University of New Mexico are asking voters to support a tax increase. Click on the link below for more insight on this Levy. ABQJOURNAL RIO RANCHO: Hospitals Push for Levy Approval Visit our supersite for more information on Rio Rancho homes for sale and to search for homes and land in Albuquerque and Rio Rancho.
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Full steam ahead for Hewlett-Packard's state-of-the-art customer service and technical support center in Rio Rancho. It look like the contract will be finalized in the next week. It will be nice to see more construction at the Rio Rancho City Centre. Here is the story from the Rio Rancho Observer... News : Council approves $5.2 million bond for Hewlett-Packard - Rio Rancho Observer: "The day that Hewlett-Packard breaks ground in Rio Rancho is getting closer" Visit our Rio Rancho Real Estate website for Albuquerque area homes search and listings.
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
The new Presbyterian Hospital in Rio Rancho broke ground last week and plans to be open in 2010. The 66 acre site is east of Unser Blvd, north of Black Arroyo Blvd, and south of the Cabezon master planned community. The plan calls for 120 private patient rooms in 340,000 sf of hospital space, a full-service emergency department with helicopter pad, a medical office building with four floors providing more than 110,000 sf of medical services, and will have more than 140 physicians and 500+ employees. This $200 million project is just the first of two major hospitals coming to Rio Rancho. The University of New Mexico is planning a teaching hospital as part of it's campus in the City Centre area. Here is more information on the Presbyterian Rio Rancho Medical Center. Presbyterian: Rio Ran...
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By Tego Venturi
(Keller Williams Realty)
From: www.WelcomeHomeABQ.com  Considering its beginnings, Rio Rancho has come a long way.  At one time considered a land scam, Rio Rancho Estates has really done well for itself. Buildings in Rio Rancho are generally less than 40 years old - an anomaly in New Mexico with rich culture and a long history.The people who live in Rio Rancho have chosen to live here and in the last few years Rio Rancho, dubbed "The City of Vision", has seen phenomenal growth. Between 1961 (the year I was born) and 1977, AMREP sold more than 75,000 lots in "Rio Rancho Estates" to thousands of people in other parts of the country. In 1970, Rio Rancho welcomed their 500th family's move to town, and built the Rio Rancho Golf and Country Club. In the early '80's, they recognized the need for employers and establis...
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
A 115 acre area of Unit 13 has received approval of a residential neighborhood plan called Cuesta Al Este. The site is south of the Rio Rancho City Centre in an area that has many development projects in the works. The plan consists of 491 home sites surrounding centralized neighborhood park and a network of walking trails. The plan also shows a neighborhood clubhouse, open space set asides, and a dog park. There is no indication of the timeframe for the build out of this project. News : Cuesta Al Este Master Plan approved by city council - Rio Rancho Observer: "The Rio Rancho city council approved the Cuesta Al Este Master Plan and amended the Preferred Growth Scenario Map, which is under the umbrella of the City of Rio Rancho’s Vision 2020 Integrated Comprehensive Plan." Visit our Ri...
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
We recently listed a home in the Vista Entrada Neighborhood of Rio Rancho. The Vista Entrada Subdivision is adjacent to a 69 Acre site that is being developed as a mixed use complex named La Plazuela de Sandoval. Since some of the details are hard to find I have put together the following summary of the Master Plan (based on all the information I have). The site is located at the Northwest corner of NM 528 and Idalia Roads. The site will have a new North South route off Idalia that will serve as an additional entry/exit to the Enchanted Hills Neighborhood to the north. Also Oersted Road will extend to the east into the plan area. Currently the site is home of the $9.3 million Sandoval County Judicial Complex that opened in August 2005. The 45,699 sq/ft complex is home to the Sandoval Co...
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
We've been fortunate to work with several clients lately who have made purchases in the Loma Colorado neighborhood by Pulte Homes.  This neighborhood is very busy building and selling homes, for a variety of reasons.  The location in Rio Rancho is great.  It's right by the Aquatic Center, Blades Indoor Ice and Soccer Arenas, Rio Rancho High School, Loma Colorado Library, and the High Resort Sports Complex with baseball and soccer fields, and a skateboard park.  It's also very close to Target, Albertson's and other shops and restaurants. Another great thing about Loma Colorado is that all of the homes are built as models so you can walk through the homes to see which you prefer (I think there are 20 different homes/floor plans).  There is definitely a floor plan to match most needs.   I ...
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By Tego Venturi
(Keller Williams Realty)
In case you have not heard, Hewlett-Packard announced Wednesday that they will be building a "Customer Service and Technical Support Center" in Rio Rancho. We understand that the building will be in the City Centre area not too far from the Santa Ana Star Center and the City Hall. This is also in the area that Lionsgate Entertainment is planning to build a movie studio. We are thrilled about this announcement look forward having HP as a member of the community. Here is a roundup of stories... HP Expected To Bring RR 'Huge Boost' HP plans NM support center with 1,300 jobs by 2012 (AP) Most HP jobs in Rio Rancho will pay at least $45,000 (New Mexico Business Weekly) Springs jittery over HP announcement (Denver Post) Hewlett-Packard plans service and support centers in Arkansas and New Mex...
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By Tego Venturi
(Keller Williams Realty)
From: www.Rio-Rancho-Land.com I have participated in this tour in years past and have enjoyed it immensely. If you have any interest whatsoever in the future and direction of Rio Rancho you should try to attend. This will be a good chance to see the vision of the new Mayor and city manager. Hope to see you there - Tego Click here for the details... The Official Site of Rio Rancho, NM: "On Friday, June 20th the Rio Rancho Journal and City of Rio Rancho will be conducting a guided bus tour of the city. This event is free, but space is limited." Rio Rancho NM Real Estate
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By Tego Venturi
(Keller Williams Realty)
This road would be great for North Rio Rancho residents that need to travel to the East mountains. Also, it will be a way for people that live in the East mountains to travel to Rio Rancho and the Northern Albuquerque area (say... to come to an event at the Santa Ana star center). I Hope the County and the BLM get it figured out quickly. Here is the story... ABQjournal West_News: Brakes Put on Placitas Road: "Sandoval County staff will postpone any plans for a new road to serve the Placitas area until, at the earliest, the Bureau of Land Management completes its land-use planning for the area, according to Sandoval County spokesman Gayland Bryant." Rio Rancho Real Estate
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We are thrilled to see how the new mayor of Rio Rancho has really hit the ground running. Over the past few years there has been quite a bit of turmoil in the city management and it's nice to see Mayor Swisstack pushing to get things going again. I feel that in the past year the city has been in a lull but with the new administration in place things should really start picking up with the many projects that need to get done. It's going to be difficult for the city to put together cohesive master plans because of the antiquated planting. But so far I give the mayor kudos for setting positive tone and really trying to move the city forward. Tego Here's a summary from the Observer article... The Observer Online: "Mayor Tom Swisstack gives credit to the people of Rio Rancho for its growth....
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By Tego Venturi
(Keller Williams Realty)
We have added the Market Snapshot to our Rio Rancho Real Estate Website. It provides live data from the Albuquerque and Rio Rancho MLS and up-to-the minute MLS graphical reports. Visit our new Rio Rancho Home Prices website at www.Albuquerque-Home-Prices.com/Free neighborhood market conditions report with live data from the Albuquerque and Rio Rancho MLS. - Gauge how the Albuquerque Real Estate market is trending - Find out what has sold in your neighborhood and for how much - View homes for sale in your neighborhood on interactive map - Assess the market conditions and estimate your home's value .........
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
Rio Rancho will soon have two higher educaion schools to call it own. Central New Mexico (CNM) Community College and the University of New Mexico (UNM) West will occupy sites near the new Rio Rancho City Centre. CNM has a 40 acre site and plans to be open for students in the spring of 2010. UNM already has 200 acres of Rio Rancho Real Estate and has started the design process amd is finalizing the funding.  Visit the City of Rio Rancho site for more details... http://www.ci.rio-rancho.nm.us/index.asp?nid=898
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
We have updated our Rio Rancho Units map and added the line between the incorporated part of the City of Rio Rancho and the un-incorporated part that is administered by Sandoval County.  The Zoning rules are different between the city and county so it's important to know where the lot is when buying Rio Rancho Land. View Larger Map
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By Venturi Realty Group, Albuquerque's Trusted Real Estate Team
From: http://www.WelcomeHomeABQ.com/ These statistics are averages for all Residential Detached Homes Sales. This report includes the Rio Rancho Real Estate Market areas of 140, 141,150, 151, 152, 160, 161, and 162. View the Rio Rancho MLS Areas map for more location information. Number of Homes SoldListing PriceHome SqFt.Listing $ Per SqFt.Days On MarketSelling PriceSelling $ Per SqFt.(86)$226,0551970$114117$219,996$111 For a detailed neighborhood market report visit www.Albuquerque-Home-Prices.com.
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By RE/MAX Alliance
(RE/MAX Alliance REALTORS)
Rio Rancho, NM prides itself on being a "City of Vision" for many reasons! The fastest growing city in New Mexico, and among the fastest growing in the entire country, Rio Rancho offers a unique blend of cultural resources, stat-of-the-art facilities, strong employment base, a thriving school system, and a strong and affordable real estate market. Rio Rancho is a new city, with the first homes being built there in the 1960's. By 1980, when the city chose to incorporate, the population was about 10,000; by 1990 it had reached 35,000, and the estimated population in 2006 was over 71,000. Rio Rancho's population growth has been fueled reasonably priced housing and athe attraction of large and prosperous businesses, including Intel (which employs more than 4,000 people), J. C. Penney's Tel...
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Rio Rancho Declared a "Declining Market" If you know anyone whose home is for sale in the 87124 and 87144 Zip Codes in Rio Rancho or in 87113 (Vista del Norte ONLY) in Albuquerque, have them check with their Mortgage Professional IMMEDIATELY.On a development by development basis and/or a home by home basis (if on the market a long period of time), homes in our area FOR THE FIRST TIME now reflect what has happened in many areas around the country - Declining Market Designation.A home with such a designation will require 5% MORE DOWN PAYMENT than a home without such designation. A Buyer assuming they can purchase for 5% down will now discover that particular house requires 10% - and the appraised value carries no weight.If anyone you know has a home on the market in these areas, have them...
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By Tony Olmi, Qualifying Broker, SRES, EMS
(La Entrada Realty)
La Entrada RealtyGateway to Rio Rancho Real Estate and the magnificent Southwest!Rio Rancho Real Estate is HOT because Rio Rancho is Hot! Rio Rancho, which touts itself as the "City of Vision", is "on the grow". Rio Rancho real estate has caught the attention of investors for many years. However, in the last few years Rio Rancho residential and commercial real estate has experienced rapid appreciation as the city is developing a new downtown, government district, sports arena (Santa Anna Star Center). Both custom and tract housing has been developed. If you missed out on an early investment in Rio Rancho real estate it's still not too late as the city continues its boom. There are several areas that can be searched in SWMLS for Rio Rancho Real Estate. They are 140, 141, 150, 151,152, 16...
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