The Blue House: Northern Meadows August 2013 Market Report

Northern Meadows Market Report August 2013

Northern Meadows' Real Estate Market has had some interesting trends lately. After 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, the number has risen about 14% through June and July. The level is still well below the levels through most of last year and early this year. The number of sold homes in the region in July 2013 was more than double the number from July 2012. These numbers may be showing the start of a switch in the market to more of a sellers market. This is also showing 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% and has continued to drop through July 2013. The market shift is shown in the steady rise in the average price per square foot in Northern Meadows. The average price per square foot has risen from $75 per square foot in April to $84 per square foot in July. However, the average sale prices have been dropping lately. After reaching an average of $140,000 in May, the average sales price has dropped down to $129,000 for July. Great deals are still available in Northern Meadows, but with the market possibly shifting, you may want to act quickly before they're gone!

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


	Status: Active Spruce Meadows $167,999 4 BEDROOMS 3 BATHROOMS [ 2 FULL, 1 HALF ] LISTING MLS ID: 757898 Listing Courtesy of: Primetime Realty
	Status: Active Morgan Meadows $77,000 2 BEDROOMS 2 BATHROOMS [ 2 FULL ] LISTING MLS ID: 765632 Listing Courtesy of: Asset Solutions Realty
	Status: Active Oasis Springs $129,000 3 BEDROOMS 2 BATHROOMS [ 2 FULL ] LISTING MLS ID: 764661 Listing Courtesy of: The Home Store Inc
	Status: Active Morning Meadows $114,000 3-4 BEDROOMS 2 BATHROOMS [ 2 FULL ] LISTING MLS ID: 760882 Listing Courtesy of: The Real Estate Center
	Status: Active Burton Meadows $95,900 2 BEDROOMS 1 BATHROOMS [ 1 FULL ] LISTING MLS ID: 765510 Listing Courtesy of: Pargin Realty ERA
	Status: Active Cimarron Meadows $124,900 3 BEDROOMS 2 BATHROOMS [ 1 FULL, 1 (3/4th) ] LISTING MLS ID: 764367 Listing Courtesy of: Tanya Leonard Real Estate