Rio Rancho, NM Real Estate News

By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Rio Rancho Real Estate Market Update September 2011 The City of Rio Rancho Real Estate Market also experienced a downward tick for single-family detached homes in the month of September - In comparison to the month of August...there were 22 homes less on the market, a 3% decrease from August, and an overall 6% decrease when compared to six months ago.   In terms of pending sales there was a 28% increase from the month of August, while there was a 1.8% increase over the six month period.  Closed sales however was a different story...there was a 33% decrease chen compared to the month of August, but a 3% decline for the six month period. View Original Post at blog.LloydMcKenzie.com
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By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Rio Rancho Real Estate Market Update and Analysis hav Six months Average List Price versus Average Sold Price for Homes in Rio Rancho For the potential buyers who are currently sitting on the fence this information should provide some confidence that if you are being represented by a seasoned REALTOR, there are opportunities to purchase your dream home in Rio Rancho, at a very reasonable price.  The Data speaks for itself...over the past six months in Rio Rancho, the Average List Price when compared with the Average Sold Price, has an average difference of apporximately $54,000 savings for Buyers.  This, in conjunction with the low interest rates, provide great buying opportunities.   From the Sellers perspective...what does this mean?  Take a closer look at the pricing strategies that ...
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By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
Rio Rancho Real Estate Market Update August 2011 Below you will find six of the most important market statistics for Detached Homes in Rio Rancho, New Mexico.  As we compare today’s real estate market to those of six months ago, a marked increase in the averag priceof homes.  By understanding today’s real estate market, we will be prepared to price your home appropriately to sell for the highest possible price in the shortest amount of time. The data indicates that more homes are entering the market than are being sold, so we are in a still in a "buyers market." There has been a 3.5% decrease in the amount of homes available for sale. The expected result is a increase in price...Average Price of Sold Homes increased appoximaely 0.6% from $177,000 six months ago to $178,000 in the month ...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
You won't believe the price on this Wonderful Wallen home at 1512 Blue Spruce DR NE Rio Rancho.  At $81 per square foot this beautiful home is priced like a short sale or foreclosure, but it's not! In fact it's a beautifully well-maintained home that is move in ready! Check out the large living room! That's a very large sectional sofa in the picture and it barely takes up half of it! The home has a spacious floorplan with four bedrooms plus an office. There is one bedroom downstairs that is large enough to be a downstairs master bedroom (there's a full bath right next to it) and there's a large office downstairs too.  The master bedroom is nice and large. There's a huge bathroom and walk in closet too. There's a balcony with views. 1512 Blue Spruce DR NE has 2836 Square Foot, 4-5 bedroo...
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By C. Lloyd McKenzie, Living Albuquerque
(Living Albuquerque)
PAWS & STRIPES HELPING VETERANS Imagine for a moment having a family member who after serving his or her country, is diagnosed with Traumatic Brain Injury (TBI) or Post Traumatic Stress Disorder (PTSD).  And what if the medication prescribed is not working; what do you do? There is no easy way out here...This is difficult.  Families Suffer.  The men and women who we call OUR HEROES need our help.  Right here in Albuquerque and Rio Rancho, we have had some very welcome developments.  This is a Good News Story...PAWS & STRIPES is a local Albuquerque/Rio Rancho Organization that is answering the call of hundreds of veterans right here in New Mexico and across the country.  Today KOB TV 4, did a report on the organization.  See the Video below:   Read the Full Story PAWS & STRIPES is my opi...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Rio Rancho Presbyterian Hospital is nearing completion. I stopped by the other day to take some photos. The hospital is shaping up!It really wasn't that long ago that the hospital looked like this: Today as I snooped around "The Presbyterian Rust Medical Center" I saw a new angle of the building: According to the Presbyterian Rio Rancho Medical Center Facebook Page, the hospital will be opening in October, with  Ob-Gyn, Orthopedics, Podiatry and Cardiology being among the first departments to move from the facilities now located on High Resort. It will be good to see healthcare options expand in Rio Rancho and Northwest Albuquerque. It's also good to see the jobs that the new facility will bring. Neighborhoods near Presbyterian Rust Medical Center include Loma Colorado, Cabezon, Stonebr...
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  Why Should School Districts across the nation be forced to raise the cost of Meals for our Children? Albuquerque Journal reported that  the "Rio Rancho School Meal Cost May Rise 15 Cents" According to the Journal," U.S. Department of Agriculture sent a memo to school districts nationwide last month saying districts were relying too heavily on federal subsidies to cover the cost of each meal, and directed the districts to either raise lunch prices or put up local funds to make up the difference. "  The Rio Rancho School Board, taking steps to address this issue will convene on Monday at 5:30pm at 500 Laser Road NE. "The proposal before the board, if approved, would raise elementary lunch prices to $2 and breakfasts to 90 cents. Lunch for older students would be $2.15 and breakfast, $1....
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By Kirsten Shafer, Real Estate Broker in Arizona 480-440-3446
(Russ Lyon Sotheby's International Realty)
New Nextage Realty Office Announced in Rio Rancho, New Mexico Real Estate Careers - Become A Real Estate Agent Home to the New Mexico Thunderbirds of the NBA Development League and the New Mexico Mustangs of the North American Hockey League, Rio Rancho is New Mexico's fastest growing city, one that is thriving on this invited change. With their motto, “Meet the future, be enchanted,” it sounds like a brilliant choice for the location of our newest Nextage Realty franchise. Congratulations to Johnathan Lambert, proud owner of Nextage Desert Sands Realty. The official office address is 4001 Barbara Loop, Suite 105, Rio Rancho, NM 87124. Wishing you the best of luck, Jonathan. Rio Rancho has its sights set on a vibrant and exciting future and Nextage Realty is thrilled to be a part of it! ...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
I'm in negotiation on a property this weekend on a Rio Rancho Home. When I showed my buyer clients the house we noticed that there were for "For Sale" tags on many of the pieces of furniture. I didn't think much of this until later, when we were starting to negotiate, when my buyers wanted to ask for some of the furniture to be included in the offer to purchase. The sellers do have some nice furniture, and for whatever reason they don't want to take it with them where they are going, but I insisted that we needed to keep it out of the contract. In fact, I wanted to keep it out of negotiations entirely, and we did until the final counteroffer (#3). Then, at my clients insistance, we asked verbally if they would please consider leaving the patio set behind. It turns out the seller was fin...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Shame on you Albuquerque listing agents who promise your sellers that you are going to follow up after showings but then never do! In addition to listing Albuquerque Homes for Sale, I work with a lot of Albuquerque and Rio Rancho home buyers. Since I already knew that most listing agents don't follow up the showings on their listings with calls to get feedback, I thought it would be an interesting to do a study and see the exact percentage of agents that followed up with me after about two week's worth of home showings. Albuquerque Home sellers you will be shocked to hear this! Out of the 40 homes that I showed I only received 9 feedback requests. NINE! That's less than one out of four! (22.5% to be exact) Now there can be some good reasons why a listing agent might not follow up with a...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
They've made great progress on the new Rio Rancho Presbyterian Hospital. I stopped by to take some pictures last week. Ha ha, fooled ya, that's not the hospital that's just a cool mural they have posted on the construction fence. That's what the hospital really looks like! Rio Rancho needs this new hospital and the jobs it will bring. The hospital is scheduled to open in 2011. Once it's open it's promising to bring 450 permanent jobs to Rio Rancho. That's awesome but no doubt the impact will spread even further as other hospital related services will be needed. Look at the beautiful Sandia Mountains in the background! I believe the new Rio Rancho Presbyterian Hospital and the jobs it will bring will impact several nearby neighborhoods including Cabezon in Rio Rancho, and Stonebridge, Pa...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here's my monthly real estate report for Cabezon. Cabezon is a subdivision of newer homes in Rio Rancho NM. Cabezon September Home Sales There were 13 closed sales in Cabezon during September. 8 of the sales were regular sales, the other 5 were distressed property sales. Here are the stats on the 13 homes that sold:  Sq Feet    Beds     Baths Sales Price DOM $ Per Sq Type 977 2 1 128,151 49 131 Regular 1616 3 2 152,500 72 94 REO 1250 2 2 153,000 53 122 Regular 1500 2 2.5 153,600 101 102 Short sale 1865 2 2.5 173,270 42 93 Regular 2200 4 2 179,000 11 81 REO 1781 3 2.5 180,000 77 101 REgular 2538 5 2.5 185,000 410 73 Short sale 2009 4 2 203,000 42 101 Regular 2690 4 3 205,000 146 76 Regular 2141 3 2 215,000 41 100 Regular 2180 3 2.5 237,000 172 109 Regular 3475 5 4.5 287,000 81 83 Short s...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here's my monthly real estate report for Enchanted Hills. Enchanted Hills is a subdivision of newer homes in Rio Rancho NM. Enchanted Hills September Home Sales There were 8 closed sales in Enchanted Hills during September. 4 of the sales were regular sales, the other 4 were distressed property sales. Here are the stats on the 8 homes that sold: Sq Feet Beds Baths Sales Price DOM $ Per Sq Type 2766 5 2.5 121,000 115 44 REO 1384 3 1.5 126,000 7 91 REO 1659 3 2.0 132,155 13 80 HUD 1550 3 2.0 150,000 68 97 Regular 2423 3 2.0 190,000 26 78 REO 2859 4 2.0 240,000 99 84 Regular 2376 4 2.0 258,500 407 109 Regular 3022 4 3.0 2752,500 473 90 Regular DOM=Days on the market $ Per Sq=Price per square foot Type=REO (Real Estate Owned or bank owned) Enchanted Hills Homes for Sale Currently there are...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here's my monthly real estate report for Northern Meadows. Northern Meadows is a subdivision of newer homes in Rio Rancho NM. Northern Meadows September Home Sales There were 8 closed sales in Northern Meadows during September. 4 of the sales were regular sales, the other 4 were distressed property sales. Here are the stats on the 8 homes that sold: Sq Feet Beds Baths Sales Price DOM Per Sq Type 1059 3 1.5 $118,000 7 111 REG 1774 4 2 $139,000 7 78 REO 1203 3 2 $140,000 270 116 REG 1438 3 2 $152,000 112 106 REG 2460 4 2.5 $157,000 45 64 REO 2575 3 2.5 $172,000 257 67 Short Sale 2168 4 2.5 $175,000 231 81 REG 2965 4 2.5 $190,000 290 64 Short Sale Northern Meadows Homes for Sale Currently there are 82 homes for sale in Northern Meadows. 48 are regular sales, 28 are short sales and 6 are b...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Are you interested in MLS Homes for Sale in Cabezon? You've come to the right place! View Homes for Sale in Cabezon The Neighborhoods of Cabezon Cabezon is a master-planned community in southern Rio Rancho located near the intersection of Unser and Southern Boulevards. Cabezon is a mixed-use community with single family detached homes, townhomes, semi-custom homes and commercial properties. There are approximately 2,600 home sites in Cabezon. Cabezon Communities is made up of about a dozen different residential neighborhoods including: Arbolera del Este (semi-custom homes) Astante Astante Villas (townhomes) Hacienda Corazon Las Brisas Rancho Oro Rancho Plata Toscana Villa Corazon Yucatan The Home Builders of Cabezon Many of the Albuquerque Metro Areas most popular builders have built ho...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
Here are some Cabezon Real Estate Stats for August 2010. Cabezon is a master planned community in southern Rio Rancho. Total Sales: 15High Sale: $335,000Low Sale: $162,500Average Sales Price: $217,167Median Sales Price: $211,005Average Days on the Market: 115 days Distressed properties, foreclosure houses and short sale houses, made up a whopping 40% of the closed home sales in Cabezon during August. Currently there are 44 homes for sale in Cabezon. 5 are bank owned homes and 9 are short sales. That means that 30% of the Cabezon houses for sale are distressed properties. This has had a definite effect on the average sales price which declined from $234,419 in August 2009 to $217,167 in August 2010. The average sales price has declined from $106 per square foot to $90 per square foot dur...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
No doubt you've heard that buying a Rio Rancho bank owned home is a great way to get a good deal on a house, but here's the actual proof. I have examined August home sales of all types in August to see just how good a deal bank owned homes are. Here's what I found: Bank Owned Homes Made Up Almost 1/3 of the August Home Sales in Rio Rancho  Bank owned homes, also called REO's or foreclosure homes, made up almost 30% of the closed sales in August. Distressed property sales-bank owned homes and short sales-made up 38% of all Rio Rancho closed sales in August.  Here's a graph that illustrates the breakdown of sales by type including regular sales, short sales and bank owned: Bank Owned Homes Have the Best Prices in Town Bank Owned homes sold for a lower price on average than either regular ...
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Rio Rancho NM New Construction Real Estate is attracting a number of investors. There are a variety of home plans available with these new construction homes and you can find a range of desirable amenities.  The city is one of the fastest developing areas in the nation and is home to several master planned communities, including the latest additions of Cabazon and Loma Colorado.  The Rio Rancho real estate market has something in store for everyone. No matter what your persuasion, you can choose from affordable homes, luxury properties, equestrian estates - you can find virtually everything in Rio Rancho. Rio Rancho is a splendid place in which to live.  There are several things to do in the city, as well as in the surrounding area. Visit the J&R Vintage Museum and have fun at one of th...
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By Rich Cederberg, eXp Realty Agent Albuquerque
(eXp Realty)
If you're looking for an Affordable New Construction home in Rio Rancho, NM, I've got a great builder to recommend. Sivage Homes is just getting started with a new community in Rio Rancho called High Range.    Here's 9 great reasons to consider Sivage Homes at High Range: Great Location: Located in central Rio Rancho near the new downtown area including the Santa Ana Event Center, the new HP Facility and the new UNM Rio Rancho campus. A Unique Look: The beautiful houses Sivage Homes is building in this community look different than any other homes in Rio Rancho or Albuquerque. Competitive Pricing: Homes by this reputable New Mexico Builder start at $147,900. Big Savings on Utilities: Sivage Homes at High Range are Energy Star Certified. This means big savings every month on your utility...
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