Just this past week there was an article about how the merger of Pulte and Centex has finally enabled Albuquerque to get the Del Web that was promised so long ago. This is great news as it will finalize Pulte's promise to bring that to NM and provide a great living community! Centex was building a community like this, but it was not the same. As the article stated, Pulte will be investing more money to bring the community up to Del Web standards. Growth and opportunity continue to move NM!
Wow! Below is a snapshot of our market. This is a great snapshot of what is going on in our market. Every market is different, and each should be evaluated accordingly!
October 2009 Market Report
Monthly Highlights
· Single-family home sales in the Greater Albuquerque market areas are up 10.59 % from the previous month and increased 43.05 % compared to October 2008.
· October 2009 is the 2nd highest sales month for this year and the 3rd highest sales month since September 2007.
· Pending sales for single-family homes in the Greater Albuquerque market areas rose 56.52 % when compared to October 2008. This is also the 4th time this year pending sales have been 900 or higher.
We are in the Parade of Homes Season! This is a great time to get out and see what custom builders have been preparing all year long! Below is the link to a map as well as more information. Feel free to call me with any questions!
http://www.homesofenchantmentparade.com/parade_2009/images/map_lg.gif
http://www.homesofenchantmentparade.com/
Valerie
505-681-6261
Albuquerque and Rio Rancho saw a decline in the number of homes for sale for the month of February (14.2% compared to January) and an overall decline from the year before (21.2% from February of 2008).
Also, their was an incline in the percentage of detached homes that closed in February (5.9% increase), in comparison to January.
The median sales price for detached homes is up 5.7% from last month.
This continues to show how Albuquerque is very different from the rest of the United States, homes are increasing in value and homes are selling!
Valerie Almanzar, bilingual has her MBA in Marketing and Operations Management. She works with RE/MAX Finest helping sellers and buyers with all their real estate needs. www.findyourcasa.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
