About Albuquerque's Paradise Skies

Here's my monthly real estate report for Paradise Skies. Paradise Skies is a subdivision of newer homes in Northwest Albuquerque.

Paradise Skies Home Sales

There were 3 closed sales in Paradise Skies during September. 1 of the sales was a regular sale, the other 2 were distressed property sales.

Here are the stats on the 3 homes that sold:

Sq Ft	Beds	Baths	Sales Price	DOM	# Per Sq	Type
1500	3	2	135,000	48	90	REO
2150	5	2.5	144,900	1	67	REO
1988	4	2.5	198,500	488	100	Regular

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

Paradise Skies Homes for Sale

Currently there are 21 homes for sale in Paradise Skies. 15 are regular sales and 6 are short sales.

21 homes on the market and only 3 closings per month means there is a 7 month inventory of homes in Paradise Skies. Prices are down and interest rates are down too which make it a great time to buy.

Here's the year end Real Estate sales numbers for Paradise Skies NM.

There were 37 closed sales in Paradise Skies in 2009. The neighborhood was relatively unaffected by short sales with only 4 this year.  Only 1 sale was a bank owned property.

There were 36 canceled/expired listings during the year which means selling a home in Paradise Skies was a 50/50 proposition.

The average sales price has continued to decline since it's peak in 2006/2007.

Average days on the market was 74.

View Paradise Skies NM in a larger map

Paradise Skies is one of the most affordable neighborhoods in Northwest Albuquerque. The neighborhood consists of modest sized homes built primarily by Longford and DR Horton. I expect values on the neighborhood to do well over the next few years as many jobs will be moving into the area once the new Rio Rancho Presbyterian Hospital is completed. The hospital will be less than one mile from Paradise Skies.

 

Get an Estimate of your Paradise Skies Home

Search Paradise Skies Homes for Sale

First Time Home Buyer Guide

 

Are you looking for an Albuquerque Short Sale Opportunity? 6012 Full Moon NW in Northwest Albuquerque is For Sale!

You won't believe the price on this sweet little Home for Sale in Paradise Skies!

This is a great little two bedroom house that's on a larger lot with views. Ths house sits on one of the better lots in the neighborhood with a generous backyard and it's private too with no neighbors looking in to your backyard!

There's ceramic tile in almost the entire house. The only carpet is in the master bedroom. The nice size kitchen has a breakfast bar and pretty counter tops. The raised ceilings throughout the home makes the space feel very open.

Here's the stats: 765 Sq Ft, 2 bedrooms, 2 baths, 1 car garage.

The house has been gently lived in-there is no damage-and is the least expensive single family home for sale in Northwest Albuquerque!

This is a short sale opportunity.

The price? $100,000!!!

Click here to Schedule a Viewing

Don't miss your opportunity to buy this Albuquerque Short Sale, it won't last long.

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Looking for a new home? Search the MLS

Need to Sell Your House? Instant Home Valuation.

First Time Home Buyer? Check out my articles on First Time Home Buyers Guide

505.792.2255

Rich Cederberg, e-Pro, CDPE

Rich@BeautifulNMHomes.com

505.750.1846