About Albuquerque's Sandia Heights

Sandia Heights is a popular neighborhood in northeast Albuquerque. Sandia Heights has a wide variety of home styles and types and has a distinctive look due to the emphasis on natural landscaping in the neighborhood.

Here are some real estate stats for Sandia Heights:

This chart shows the ratio between the total number of homes for sale in Sandia Heights vs. The number of homes sold over the last 15 months.

There has been some fluctuation in the average price per square foot in Sandia Heights, but overall it looks like prices have not been falling.

Homes in the area are selling for close to list price, and the average days on market last month was 100 days, or just slightly over 3 months.

This chart show, in graphic detail, the difference between the average sales price versus the average sold price.

Months of inventory is an important stat. The national association of Realtors says that anything over 6 months of inventory indicates a buyer's market. Sandia Height housing inventory peaked in December of 2010 and has been declinig ever since.

I hope these real estate stats give you an idea of the real estate market conditions in Sandia Heights. Please visit my website to view Homes for Sale in Sandia Heights.

These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 05/13/2011. Information was obtained from sources deemed but not guaranteed. This information should not be used to determine the value of any specific property.

I recently met with a couple who purchased their first home from me in 2004 -Oh the good ole days, we watched the new listings daily and were outbid on several nearly on terms offers but finally they bought a great house in an even greater location. It was close, there was another house they nearly bought, nicer house, less money, and not a bad location but it was too close to future commercial development.

They knew I liked the one they bought better "Always Think Resale!" they remembered; I could tell they liked the one near the commercial (and I'm talking light Manufacturing in this case). Business has been good for them, their family is growing they want to move up and have seen prices in next price range coming down.

First, they were afraid their Albuquerque house had dropped a lot of value- they had watched a lot of news and read a lot of headlines - but surprise! - no their value had not increased - but the decline in their prime area on the smaller houses was a whole lot less than they expected.

So they asked me, point blank, what features did I look for when I say "Always Think Resale!"

Now that's a huge question, I look at hundreds of factors - but here a few I shared with them:

Is is convenient? This used to be a lot further down my list, but what sells today is close to as many daily items as possible. How far is it to the grocery store? How about to a Freeway, bus or rail line.

Is it quiet? How about nearby traffic - can you hear it? Does the street carry other traffic than it's own?

Show me the view. We have glorious mountains & spectacular sunsets, sure there is price that comes with them, but a home with views just sells better - and in this case I think they will get their money back on resale on the one they bought in '04.

First Impression - Curb Appeal. You know it when you see it. Tasteful well thought out landscape, the home is attractive and you like it before you ever get out of the car!

So we are out looking. What are some considerations at the top of your "Always think Resale!" list?

Thanks for sharing your ideas and opinions.

Kent Davis, QB, MBA

La Entrada Realty
Gateway to Sandia Heights Real Estate and the magnificent Southwest!

Sandia Heights

Sandia Heights boasts and hosts the base of the world's longest aerial Tramway. Sandia Heights real estate was developed in the 1960s and was the first development to introduce the truly exotic and exclusive living 2000 feet above Albuquerque's Rio Grande valley, and Old Town Albuquerque, which sits at about 5200 feet above sea level.

Architectural design of most homes built on Sandia Heights' premium real estate usually takes advantage of seventy miles of westerly views and the immediate 3000 ft rise of the Sandia Mountains and the top of the Tram from their eastern facing windows and decks. Sandia Heights real estate typically holds its values and actually leads in appreciation and desirability. Pinon, scrub oak and High Desert flowers and fauna along with mountain wildlife grace Sandia Heights real estate. Look in area 10 in SWMLS for Sandia Heights real estate.