Corrales NM Real Estate Report for August 2010

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.