| Cabezon Market Report August 2013 | ||||||||||||||||
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The Cabezon neighborhoods' real estate market has seen some interesting changes over the last few months . The largest change in the Rio Rancho South Region (which contains Cabezon) has been the number of homes for sale. After reaching a peak of 148 in March, the inventory has dropped consistently each month down to July's level of 122. This may indicate a shift to a seller's market and the price per square foot may indicate that as well. The price per square foot has risen slightly in the last two months to $89 in July, but that is still on the lower end of the per square foot prices in the past year or so. The average sale price has risen about 11% since the prices had dropped to the lowest level in the past 15 months in May. Though the prices have risen somewhat in the last two months, there are still some great deals on homes available in the Cabezon neighborhoods! For a more detailed market report, please contact me and Ill send it right over! |
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| Below are highlight properties for Cabezon Market Report August 2013. See more at the full report: | ||||||||||||||||
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| See the Full Cabezon Market Report August 2013 | ||||||||||||||||
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| Information valid as of August 7, 2013. Please contact us for the most current information and status of these properties. |
Wednesday, August 7, 2013
Cabezon Rio Rancho Market Report August 2013
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! For a more detailed market report, please contact me and I'll send it right over! Click to see the full report |
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| Below are highlight properties for Northern Meadows Market Report August 2013. See more at the full report: | ||||||||||||||||
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| See the Full Northern Meadows Market Report August 2013 | ||||||||||||||||
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| Information valid as of August 7, 2013. Please contact us for the most current information and status of these properties. |
Enchanted Hills August 2013 Market Report
| Enchanted Hills August 2013 Market Report |
| The market in the Enchanted Hills area of the Rio Rancho North region has seen some changes in the last few months. Sold homes have risen over 10% from July 2012 to July 2013, and homes for sale have dropped about 5% in that time. Pending sales have almost doubled since July 2012. The price per square foot has slowly risen over the last four months, from $87 per square foot to $91 per square foot in July 2013. The best news is that the average days on market has continued to drop from 76 days in May to 72 days in July. The Enchanted Hills market may be slowly changing to more of a seller's market, but there are still some great deals you can buy now!
The Enchanted Hills neighborhood is a great area for those who commute to Santa Fe and Albuquerque. Soon the construction expanding the US 550/Interstate 25 interchange will be completed, which should make the commute easier.
For a more detailed market report, please contact me and I'll send it right over! |
Below are highlight properties for Enchanted Hills August 2013 Market Report. See more at the full report:
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Information valid as of August 7, 2013. Please contact us for the most current information and status of these properties.