Corrales, NM

Located north of Albuquerque and near Rio Rancho is a quaint village called Corrales NM. In Corrales you're just as likely to see someone riding into town on horseback as you are to see artists, actors and chefs.

August Home Sales

There were 10 sales this month ranging in price from $180,000 to $860,000. All 10 were regular sales, there were no short sales or foreclosure sales.

Details on the 10 homes that sold:

Corrales Homes for Sale

116 Corrales NM Homes are for currently for sale. Today there are 64 Scenic Homes for Sale in Corrales, 95 1 story homes in Corrales and 54 Three bedroom houses.

Currently there are four foreclosure homes and fourteen short sale homes for sale in Corrales. That's about 10% of the home inventory.

View Corrales in a larger map These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 09/05/2011.

Link to Original Post

Corrales NM is a beautiful village on the outskirts of Albuquerque NM. The population is around 7,500 and offers an old world feel. You will find beautiful homes tucked away in the Bosque or Cottonwood forest. Many properties have outstanding Sandia Mountain and Albuquerque city light views. Corrales is part of the Albuquerque metropolitan statistical area. With excellent proximity to The Rio Grande and the Bosque on the eastern edge the village provides refuge for native animals and plants. Corrales is an equestrian community and its quite common to see horses grazing or being ridden down the winding roads. The village fights hard to maintain its old world ambiance while being surrounded by the large cities of Albuquerque and Rio Rancho NM.

During the later summer and fall months chile and other produce are brought in from the local farms and sold in various markets. Wagner Farms is a favorite for locals and visitors alike. They will roast 50lb bags of Chile on sight so you can put them up for the winter months. Green chile is used prominently in these parts for many delicious and spicy recipes. Don’t forget the apples, peaches, melons and so much more. Come enjoy Corrales New Mexico during the chile harvest!

If your looking for a rural community but still near the city of Albuquerqe Corrales, NM may just be a perfect fit! Here are just a few of the gorgeous homes found in this enchanting community.

Corrales Homes For Sale

Search All Albuquerque Area Homes For Sale

Here is a summary of Corrales NM real estate activity for August 2010.

Total Sales: 8
High Sale: $690,000
Low Sale: $285,000
Average Sales Price: $436,750
Median Sales Price: $363,500
Average Days on the Market: 232 days

Currently there are 125 Corrales NM Homes for Sale. There are 65 3-bedroom houses, 65 4 bedroom homes and 91 homes with one plus acres.

There are only a small handful of distressed properties for sale in Corrales. Out of the 125 available homes only 1 is a bank owned home and only 9 are short sales. That means that less than 10% of the available homes are distressed properties. Compare that with areas in Albuquerque that have 30% distressed properties and you will appreciate that Corrales has been relatively unaffected by foreclosure activity.

With 8 homes closing last month and 125 homes available there is a 16 month inventory of homes on the market in Corrales.

Please check back next month for a summary of Corrales NM real estate activity in September.

Here is my Corrales real estate market report for the first half of 2010. There is good news for home sellers in Corrales, with all four area I'm reporting on-total sales, average sales price, average price per square foot and average days on the market-showing positive movement.

Total sales increased from 31 in 2009 to 36 in 2010.

The average sales price increased from $439,760 to $463,681.

The average price per square foot increased from $156 to $163.

The average days on the market decreased from 210 days to 189 days.

These positive signs might be an indication that the beginning of a recovery for the Corrales real estate market is upon us.

Start your search for Corrales NM Affordable Homes or Corrales NM Properties with Barns today before prices start to really increase!

Recently I spent an afternoon in beautiful Corrales New Mexico.

It all started with a nice relaxing lunch at the Indigo Crow Cafe.

Corrales is located along the banks of the Rio Grande just north of Albuquerque and south and east of Rio Rancho.

One of the nice things about Corrales is that even on a 95 degree day in Albuquerque you can drive to Corrales to escape some of the heat.

Even though it was really HOT that day, we ate outside in the shade of the tree-covered patio and were very comfortable.

Corrales is located in the Rio Grande Valley, and even though it's only minutes from Albuquerque and Rio Rancho it might as well be hours away.

Not only are the temperatures cooler in Corrales, it's a totally different setting than the nearby city.

As you drive into Corrales you are welcomed by a sign that says "Slow Down, we are an animal friendly Village."

There are some businesses too, along the winding 30 MPH road that snakes through town, but not too many, just enough to get by.

As you drive through town you'll see a vineyard and an orchard, and you may even see a resident riding through town on horseback. It's so commonplace to see people riding in town that the locals barely notice. Don't look too hard or they'll know you're a tourist!

But if you get off that winding road that goes through town, you'll experience more of the rural Corrales charm that locals love and that fuels the dreams of many Albuquerque homeowners like me and my wife.

You'll see irrigated fields with apples and grapes, you'll see open fields and grazing horses, cattle, sheep and even some guinea hens.

"Guinea Hens on Patrol"

I hope you've enjoyed reading a little bit about Corrales. You might even want to live here some day, and of course if you do I'd love to show you around. And don't be worried about the cost, there is a wide variety of homes for sale from Corrales affordable homes to Corrales Luxury Homes and everything in-between.

Wouldn't you love to live in Corrales NM? I know I would.