Wednesday, November 6, 2013

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

 
See the Full North Hills and Sierra Norte Area Market Report November 2013
 
 
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Melanie Mclaughlin
Blue Door Realty
505-369-0093
melanie@bluedoorhomes.net
 
Information valid as of November 6, 2013. Please contact us for the most current information and status of these properties.