The Blue House: North Hills/Sierra Norte November 2013 Market Report

North Hills and Sierra Norte Area Market Report November 2013

Rio Rancho's North Hills and Sierra Norte neighborhoods are great areas to find incredible values. North Hills is a well established area with established trees and great parks. In recent years, more businesses have moved into the area along with some churches as well. Sierra Norte is a newer community with great views of the Sandia Mountains and the Rio Grande Valley. These neighborhoods are prime areas for value minded buyers and investors.

The real estate market for the Rio Rancho Central area, which includes both North Hills and Sierra Norte has seen some large changes in the last year. Active and new listings have increased 18% and 19%, respectively. The biggest changes are in homes under contract for sale and sold homes. The number of homes under contract is up a whopping 51% and sold homes are up an impressive 46%! Prices haven't changed much, so values are still there for value minded buyers and investors!

This Month's Best Values in North Hills

North Hills' best values for November are two homes on Lil Avenue. The first one is listed and $72,000, with two bedrooms, two bathrooms and 1080 square feet. The second one is a charming home also with two bedrooms, two bathrooms with 940 square feet and is listed at $80,000.

This Month's Best Sierra Norte Value

Sierra Norte's best value for November is a lovely 2035 square foot home with three bedrooms and 2.5 bathrooms on San Pedro Road. It is currently listed at $135,000. The price was recently reduced and is listed at only $66.34 per square foot. This one wont last long at that price ...

Click to see the full report

Below are highlight properties for North Hills and Sierra Norte Area Market Report November 2013. See more at the full report:

Highlights

Maps & Local

Schools


	Status: Active Elizabeth Ann Rd $85,000 2 BEDROOMS 2 BATHROOMS [ 2 FULL, 0 HALF, 0 (3/4th) ] LISTING MLS ID: 758992 Listing Courtesy of: Keller Williams
	Status: Active High Desert Circle $99,500 2 BEDROOMS 1 BATHROOMS [ 1 FULL, 0 HALF, 0 (3/4th) ] LISTING MLS ID: 765497 Listing Courtesy of: Coldwell Banker Legacy
	Status: Active Debra Place $95,000 2 BEDROOMS 2 BATHROOMS [ 2 FULL, 0 HALF, 0 (3/4th) ] LISTING MLS ID: 769699 Listing Courtesy of: Coldwell Banker Legacy
	Status: Active Peach Rd $109,500 2 BEDROOMS 2 BATHROOMS [ 1 FULL, 1 HALF, 0 (3/4th) ] LISTING MLS ID: 769456 Listing Courtesy of: Prudential ALLSTAR
	Status: Active San Pedro Rd $159,000 4 BEDROOMS 4 BATHROOMS [ 2 FULL, 1 HALF, 1 (3/4th) ] LISTING MLS ID: 801007 Listing Courtesy of: Keller Williams
	Status: Active Sierra Norte Loop $154,000 3 BEDROOMS 2 BATHROOMS [ 2 FULL, 0 HALF, 0 (3/4th) ] LISTING MLS ID: 763231 Listing Courtesy of: American Realty