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Corrales, NM

New Corrales Ordinance Angers Local Brokers

07-15-09
Laura Warden
Laura Warden: Real Estate Agent in Albuquerque, NM

At last month's Village Council meeting in Corrales, NM, councillors voted unanimously to adopt a new ordinance regarding sales tax impositions on real estate sales and construction and home improvements, despite vociferous opposition from many well-known local real estate brokers.

According to an article in the Corrales Comment, the measure imposes a gross receipts tax reporting requirement meant to insure that the Village of Corrales receives sales tax revenues on homes and imporvements made in the village, rather than having such sales tax revenues be inadvertently misdirected to Albuquerque or Rio Rancho, where real estate brokers and contractors often have their offices.

The new measure calls for Village permit signs to be posted on home sales, home construction, and remodeling projects so that all sub-contractors and other parties doing business at the site will be notified that the gross receipts taxes they charge on their invoices need to be coded correctly on their CRS forms (from the Taxation and Revenue Department), so that the village receives the revenues. The permit fee will cost $35. On the motion of councillor Gerar Gagliano, the measure was amended to provide that real estate brokers offering a home for sale did not have to pay for the permit at the time of listing, but rather would have to pay the fee at the time the property actually sold. This was in recognition of the fact that, particularly in the current market, brokers might otherwise have to pay the fee only to have the home fail to sell during the course of the listing. The council refused the suggestion from local broker Peter Parnegg that that the $35 permit fee be collected by the title company at closing. Although real estate brokers turned out in force to oppose the measure, indicating their feeling that this was not what was needed now, with the state of the economy, the council heeded few of their objections or suggestions, and voted 6-0 to approve the measure.

A similar measure was enacted in recent years in the village of Los Ranchos de Albuquerque, and it was reported that the measure resulted in an additional $400,000 in revenue for that village. The village staff indicated that their research showed that Corrales had probably lost $150,000 in revenues over the past five years due to misdirected gross receipts tax on home sales, leading the council to consider the measure appropriate.

Interested in more information about Corrales? Take a virtual tour of Corrales here:

Gus Wagner’s Farm and Chile Harvest visit in Corrales, New Mexico

Tracy Venturi -  Albuquerque Real Estate: Real Estate Agent in Albuquerque, NM

Corrales New Mexico is a great rural setting yet right at the edge of the metropolitan Albuquerque area. We usually visit Gus Wagner's Farm a few times during the fall to get our roasted Green Chile… sweet corn, any yes, caramel apples, too. This year, we've visited several times and just can't get enough of the wonderful smell of the roasting chile. We even went back to get pumpkins last weekend and since they were still roasting chile, we bought yet another sack of green so our freezer is overflowing and the Green Chile is sure to last a few months. J With our home being in Corrales, we really enjoy the benefits of the small village feel, the horses, llamas, goats, sheep, hay and corn fields, and friendly neighbors that come along with it. It always amazes me to drive out of Corrales and have great shopping and restaurants right here. While Corrales isn't for everyone, it sure is great for us.

Tracy

If you want to see Corrales homes for sale visit our Corrales Real Estate search Page.

Corrales, NM, is truly a Green Scene!

08-11-08
Laura Warden
Laura Warden: Real Estate Agent in Albuquerque, NM

Corrales, New Mexico, is really a "green scene" in so many ways!

This historic little village (around 7500 population) is located on the west bank of the Rio Grande, and has been an agricultural community from its founding in 1712! Known for its centuries-old cottonwoods, artists, agriculture, picturesque adobe homes, and horses galore, Corrales is small enough for residents to walk or bike around town, or better yet, ride horses right into the village center! Corrales residents love the quiet, peaceful atmosphere, with a single main road through town, with various "horse crossing signs, and one sign warning:"Drive slow, see or village:drive fast, see our judge."

With its plentiful irrigated land, Corrales fields are truly lush and green, but that's not the only way in which Corrales is "green."

  • Corrales growersAs I mentioned in an earlier post, Corrales boasts a wonderful local farm market, Wagner's Farm, where residents can purchase truly local and fresh-picked produce.
  • La Finca de Nuestras Madres, located at 78 Quirks Lane, in Corrales, is a small shop offering organic produce, honey, cider, jams, & pickles
  • The Corrales Growers Market is held every Sunday throughout the growing season, and provides another wonderful opportunity to purchase just-picked produce, often organic, from local growers. Local honey, jams, and baked goods are also available at the Growers Market, which is located at 4100 Corrales Road.
  • raspberriesIf you're from anywhere back east, you may miss the "U-Pick" orchards and berries that are so common there. But you don't have to! Right in Corrales is Heidi's Raspberry Farm, growing certified organic raspberries that are available at the Corrales Growers Market, and from July to Ocatober, are available "U-pick" at the farm at 600 Lindero del Drenaje (Andrew's Lane) in Corrales, NM. Wouldn't this be agreat experience for the kids or grandkids?
  • Want to plant your own organic garden, or maybe do some xeriscaping with native plants? Jericho Nursery has a branch in Corrales, at the Village Mercantile, to help you do just that. And, of course, if you find yourself in need of some all-natural, organic fertilizer (i.e. manure!), there are loads of Corrales horse properties whose owners would be please to provide all you want!
  • Corrales chiliHere's a double-whammy for anyone with a social conscience! ARCA, a non-profit organization that provides residential and vocational services to people with developmental disabilities, has a great venture in Corrales: ARCA Organics! ARCA Organics is is a greenhouse operation, located at 181 La Entrada in Corrales, that organically grows wheatgrass and supplies it to businesses in Albuquerque. And they employ individuals with developmental disabilities in the various steps of growing, preparing, packaging and distributing. And right next door is the La Paloma Greenhouses, La Paloma Greenhouses, which provide vocational experiences for adults with developmental disabilities. La Paloma grows more than 28,000 plants and flowers each year, including a world-class poinsettia crop. Wouldn't that be a great local resource come Christmas time?

 If you live in or near Corrales, you really owe it to yourself to check out some of the great, green opportunities this picturesque little village offers!

Corrales Real Estate Home Sales – April 2008

Tracy Venturi -  Albuquerque Real Estate: Real Estate Agent in Albuquerque, NM
From: http://www.WelcomeHomeABQ.com/

These statistics are averages for all Residential Detached Homes Sales. This report includes the Corrales Real Estate Market area 130. View the Albuquerque Area MLS map for more location information.

Number of Homes Sold

Listing Price

Home SqFt.

Listing $ Per SqFt.

Days On Market

Selling Price

Selling $ Per SqFt.

(7)

$529,114

2374

$227

128

$517,143

$221

For a detailed neighborhood market report visit www.Albuquerque-Home-Prices.com.

Corrales, New Mexico

Tony Olmi,   Qualifying Broker, SRES, EMS: Real Estate Agent in Albuquerque, NM
La Entrada Realty
Gateway to Corrales Real Estate and the magnificent Southwest!

Corrales

Village of Corrales real estate is a small, treasured oasis located within a large, fast-growing metropolitan area. Corrales real estate is bordered on the east by the Rio Grande and, across the river, by the Sandia Reservation. To the south is the City of Albuquerque while to the west and north is Rio Rancho real estate. You will see residents on horse back or bike riding throughout the Village of Corrales. Corrales was founded in 1712, and incorporated in 1971. Corrales got its name as it was a great place to stop and put livestock in "corrals" before the last leg of the trip to the Albuquerque.

In 2007 Corrales real estate was named #19 on www.cnnmoney.com top 100 places to live list for income brackets, school districts, cost of living, and even though the village is right in the middle of metropolitan life, it is a sanctuary for residents and wildlife alike. A strong sense of community comes with Corrales real estate as it offers country style comfort with the convenience and eclectic culture of neighborhood restaurants, shopping, small farms and a couple outstanding wineries. If you desire country living with convenience visit SWMLS area 130 for Village of Corrales real estate.

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