New Mexico

Rancho Encantado Albuquerque 87120 (Market Report) 2/01/12

Rancho Encantado Subdivision in Albuquerque is a pocket subdivision conveniently located on Albuquerque’s west side. The homes in Rancho Encantado Albuquerque are approximately 7-8 years. There is a small gated section of the community specifically for Rancho Encantado Condominiums. For this Market Report the condos are not inclusive. One of the nearby attractions for Rancho Encantado Albuquerque is the Petroglyph National Monument offering excellent trails and nature excursions.

You can view all available Rancho Encantado homes for sale in Albuquerque NM 87120
Where is the Rancho Encantado Subdivision anyway?
Find more community information here at Rancho Encantado Real Estate Blog

As of Feb 1, 2011 there is 1 Home for sale in Rancho Encantado

• 5924 Mesa Sombra Pl NW Albuquerque NM 87120
• Listed Price $299,999
• 3,050 Sq.Ft, 3-4 Bedroom. 2 Full Bath, 1 Half Bath
• Days on Market 4

Two homes are currently Pending final sale in Rancho Encantado

• Asking price at time of contract. Low $210,000 to High $242,000
• Average price at time of contract $226,000
• Average size @ 2632 Sq. Ft
• Average days on market 335

A total of 7 homes were recorded as sold from Jan 1, 2011 to Dec 31,2011

• Low $191,000 to a High $290,000
• Average Sold Price for the 7 homes $218,250
• Median Price of the 7 Sold $196,000
• Smallest home 1,726 Sq.ft
• Largest home 2,700 Sq.ft
• Average size of sold homes 2,309 Sq. ft
• Average days on market 137

One of the pending homes in Rancho Encantado is a Short Sale which has skewed the days on market unfavorably. One of the sales was a bank owned property which may of had a slight negative affect pulling the over all values down just a bit. The neighborhood of Rancho Encantado is well kept and a Homeowners Association is in force to maintain the adherence to covenants. The large Rancho Encantado Park is well groomed and common areas clean.

This Rancho Encantado Albuquerque NM 87120 (Market Report) 02/01/12 is for general information only and does NOT replace a comprehensive market analysis. Each home and it amenities can range dramatically. You should always consult with a professional Realtor® or appraiser to determine your specific values. If you are considering the sale or purchase of a Rancho Encantado home I would love the opportunity to earn your business and exceed your expectations. Albuquerque Homes Realty John McCormack, Realtor®

Please watch for future Rancho Encantado market reports and community blogs.

It's always important to recognize the people around us when they do a great job, but it's an extra special pleasure for me to recognize someone who's a member of our ActiveRain community!

This week I've had the pleaure to work with Carra Riley, the author of Cosmic Cow Pie.

I can't remember how we first contacted each other, but I think it was when I was trolling around the newest and coolest social media site, Google+, looking for someone to interact with. After a trading a few +1's, commenting on each other's posts and sharing some circles of friends, we made contact via phone.

In our first conversation Carra took plenty of time showing me around Google+ helping me strategize, teaching me some cool tricks and helping to find some fun people to follow. She encouraged me to fully complete my profile and how to create my business pages. I recognized right away that her level of comfort with Google+ was very high, so I encouraged her to write this guest post about Google+ for my blog ExpertRealEstateTalk.com.

One thing led to another, and before you know it she had invited me to appear as a guest on Carra's BlogTalkRadio show.

We talked several times over the next week preparing for the radio show, plus we did a Free 1/2 Hour Plan of Action Consultation. Use the link and you can have your free consultation too!

During my Plan of Action Consultation it was very clear that Carra's expertise was not limited to Google+ and in fact I learned that she was once a top producing Realtor in Colorado. She listened attentively as I described my successes and my failures as a real estate agent, then made some great suggestions about how I could improve my real estate business. I'll admit, I'm not the most coachable person out there, but Carra was not fazed and took my stubborness in stride.

Whether you're looking to increase your understanding and participation in social media or blogging, or if you're looking for a real estate coach, I would highly recommend that you contact her.

Connect with Carra Riley on Google+

New Mexico Marmot

My wife and I spotted this New Mexico Marmot while on a high altitude wilderness hike. New Mexico Marmots are ground-dwelling rodents of the squirrel family. In North America they are called groundhogs or woodchucks. New Mexico Marmot use lookouts to watch for predators. When a predator is spotted, the lookout whistles loudly. Marmots are excellent diggers, and construct an elaborate system of burrows, each with both a main entrance and an escape tunnel. Their burrows are used as dens by other animals, including skunks and foxes. During the summer, Marmots gain weight in order to prepare for hibernation. New Mexico Marmot usually hibernate all winter and may lose as much as half their body weight by February.

Happy Groundhog / Marmot Day

If you’re considering the sale or purchase of an Albuquerque, Rio Rancho or Central New Mexico home please contact me, John McCormack, Albuquerque Realtor®. I am prepared to exceed your NM real estate expectations! Albuquerque Homes Realty

The home has closed. Tony gets his refi.

This all started with a post about "is it greed or is it me". 168 comments.

This post went wild with comments about the banking industry. Lenders who want to help and those who don't.

Well yesterday, Tony signed the papers on his home. He will save about $280.00 per month after the "refi" of his home. He went fron 6.75% rate to 3.99%rate.

His bank did not even offer a refi, nor would they even talk about a Re cast loan as mentioned by John in a comment.

There will be a twenty year payment schedual, with one final payment in the last month.

I wanted to add a picture of his home but he declined my request to do so.

I hope this is a lesson to the bank on how they can loose business and how a bank can gain new business.

Here's hoping all have a great day.