Thursday, June 13, 2013

Northern Meadows, Rio Rancho Market Report June 2013

Northern Meadows Market Report June 2013
Northern Meadows' Real Estate Market has had some interesting trends lately.The number of homes for sale in the Rio Rancho Central Region (which contains Northern Meadows) dropped almost 22% from April 2013 to May 2013 to the lowest level in more than the last 15 months. This could mean that the market is starting to shift from a buyer's market to more of a seller's market as the inventory of available homes drops. This is also shown in the average days on market of the homes for sale. From April 2013 to May 2013 the average number of days on market dropped almost 35%. The market shift has not been as large in the pricing of homes in Northern Meadows, so far. The average price per square foot has been relatively steady for the last 15 months, with a low of $73 and high of $82, with a current level of $79. Sale prices have also been relatively steady lately, between $131,000 and the current level of $141,000. If you're looking for a great deal in Northern Meadows they are still available, but with the market possiblly shifting, you may want to act quickly before they're gone!
For a more detailed market report, please contact me and I'll send it right over!
 Click to see the full report

Below are highlight properties for Northern Meadows Market Report June 2013. See more at the full report:

Highlights Photos Maps & Local Schools
Status: Active
Oasis Springs RD
$236,000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 758830
Listing Courtesy of: Pargin Realty ERA

Status: Active
Desert Pinon
$125,000
3 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 758619
Listing Courtesy of: Re/Max Alliance

Status: Active
Tranquil Meadows Dr
$179,900
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 75281
Listing Courtesy of: Consumer Advantage RE Services

Status: Active
Maple Meadows Dr
$169,000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 755976
Listing Courtesy of: Re/Max Alliance

Status: Active
Chama Meadows Dr
$105,500
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 (3/4th) ]
LISTING MLS ID: 754410
Listing Courtesy of: Rhino Realty

Status: Active
Winston Meadows Dr
$98,000
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 (3/4th) ]
LISTING MLS ID: 760842
Listing Courtesy of: Real Living Premier Realtors

See the Full Northern Meadows Market Report June 2013


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Melanie Mclaughlin
Kellogg Agency Sales
505-369-0093
melsellshomes@yahoo.com


Information valid as of January 23, 2013. Please contact us for the most current information and status of these properties.