Enchanted Hills Real Estate

Here's my monthly real estate report for Enchanted Hills. Enchanted Hills is a subdivision of newer homes in Rio Rancho NM.

Enchanted Hills September Home Sales

There were 8 closed sales in Enchanted Hills during September. 4 of the sales were regular sales, the other 4 were distressed property sales.

Here are the stats on the 8 homes that sold:

Sq Feet	Beds	Baths	Sales Price	DOM	$ Per Sq	Type
2766	5	2.5	121,000	115	44	REO
1384	3	1.5	126,000	7	91	REO
1659	3	2.0	132,155	13	80	HUD
1550	3	2.0	150,000	68	97	Regular
2423	3	2.0	190,000	26	78	REO
2859	4	2.0	240,000	99	84	Regular
2376	4	2.0	258,500	407	109	Regular
3022	4	3.0	2752,500	473	90	Regular

DOM=Days on the market
$ Per Sq=Price per square foot
Type=REO (Real Estate Owned or bank owned)

Enchanted Hills Homes for Sale

Currently there are 72 homes for sale in Enchanted Hills. 39 are regular sales, 29 are short sales and 4 are bank owned homes.

The high number of short sale homes available is indicative of the general market conditions in Rio Rancho. In fact, 44% of all September closed sales in Rio Rancho were distressed property sales. If you want to get a good deal on a home in Enchanted Hills, you'll most likely need to buy one of these homes.

Search for short sale property in Rio Rancho or foreclosed houses for sale in Rio Rancho today!