About Sandoval County, NM

Dr Horton Homes For Sale | Diamond Ridge | Rio Rancho New Mexico

Have you ever visited the Dr Horton Homes for Sale at Diamond Ridge in Rio Rancho?

Well if you are looking for amazing value then you should problably check these out. All of the home sites in the almost built out community are at least 10,000sqft. In fact most of the lots in Diamond Ridge are .25 to .5 of an acre. That will give you plenty of space to have a large backyard. Not only that but all of the lots are large enought to have a 3 car garage. Here are some photos of some of the Dr Horton Homes that are for sale right now.

This is a large Single Story with a 3 car Garage home for sale in Diamond Ridge. Pricing on this home is amazing. It features 3 bedrooms and an office. Two tone paint. More more information on pricing and special programs and additonal photos Click Here.

Another great Single story with a 3 car garage. Remember these homes have tile roofing and large backyards. This particular home has a great east facing back yard that faces the Sandia mountians. The home is over 2000sqft. For pricing on these homes for sale in Diamond Ridge. I just can't stress how good the deals are on these homes. Under 250k for a brand new home on a larger lot than you will find in any subdivision in Rio Rancho that has paved roads.

Diamond Ridge is Close to alot of great amenities like:

• The New Lowes Home improvment store
• Loma Colorado Library
• The Loma Colorado Aquatic Center
• Great schools in Rio Rancho
• Easy access to Hwy 528 that can take you into Albuquerque or out towards Santa Fe.
• Close to Grocery Stores.

Builder Michael Sivage has returned to the Albuquerque/Rio Rancho Real Estate market with Sivage Homes at High Range. If you know Northwest Albuquerque Real Estate, then you'll recognize the Sivage name as part of the Sivage Thomas brand that was so popular in the 1990's and into the 2000's in popular neighborhoods like Richland Hills, Congress Heights, Shenandoah, Parkway and Ventana Ranch.

Sivage Thomas homes built their reputation on building elegant homes using quality construction. In the early 2000's Sivage Thomas was bought by Pulte homes and disappeared from the local market. Several years later Michael Sivage came back and began building luxury custom homes in northern Rio Rancho at Mariposa.

What's so exciting about Sivage Homes at High Range is not only are the homes beautiful and well built, they are very affordable too. In fact, they are some of the most affordable homes for sale in Rio Rancho. Home prices start in the upper 140's for the 1160 square feet 3 bedroom homes. They build larger homes too, up to 2300 square feet for under $200,000.

Energy efficiency is as important as ever these days, and Sivage Homes are Energy Star Certified. Blown-in insulation is used, plus all the homes are refrigerated air and have 95% energy efficient gas furnaces. Another nice feature is the in wall pest defense system.

I make a point of staying current with Rio Rancho Home Builders inventory and the buyer incentives they offer, so feel free to contact me for more information about Sivage or any other builders. Contact me at Rich@BeautifulNMhomes.com.

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Enchanted Hills is located in northern Rio Rancho. The neighborhood is west of NM 528 and south of US 550.

View Map

Let's start with a look at the overall market in the area over the last 30 days.

As you can see from the graphic to the left the number of closed sales over the last 30 days was very low. 6 to be exact.

However, the number of pending sales is quite high. This suggest two possible things. First that the market is picking up, or second, that there are a lot of short sales in pending status that are not making it to closing.

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A closer look at the curent pending sales shows that most of the transactions are regular homes, and that short sales and REO's (bank owner properties) make up only a small percentage of the pending sales.

This indicate a reasonaly healthy market without much forclosure activity.

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Short sale and REO's make up only a small percentage of the homes currently for sale.

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There were not many closed sales over the last 30 days in Enchanted Hills.

However, the transactions that did close were mostly regular sales, with a slightly higher percentage of short sales but with no REO sales.

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Although the number of closed sale seemed low in September, it was an increase over the last two years.

The peak of sales was in September of 2006.

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The average sales price continues to decline.

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Average days on the market has continued to increase significantly.

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Average Sales Price/List Price Ratio continues to decline.

This means the average amount that sellers are negotiating off of price is 4%.

It's crucial to understand market conditions when you are planning to buy or sell. You should work with a Realtor who understand and can help you interpret these numbers.

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Search Rio Rancho Homes for Sale

View my latest Rio Rancho Real Estate Report

View my latest Albuquerque Real Estate Report

Golfing | Santa Ana | New Mexico

I had the pleasure of Golfing Santa Ana golf course today. I must say that it is one of the more beautiful courses in New Mexico. For the money you can not beat this course. My buddy John and I played 18 holes for $38 dollars per person. Wow!!

I had to take some photos because the scenery was unbeliveable. It is fall here in New Mexico and the Golfing weather is just right. 65 degrees and the colors of the leaves are just AWESOME.

Check out some of these golfing photos I took while I was there.

The above the Bosque. Cottonwood trees are amazing.

A view from the tee box.

I love living in New Mexico because of things like this.

Enjoyed it very much

Here's my latest Rio Rancho Real Estate Report for September 2009.

There is some good news to report this month! Year -to-date (YTD) Closed sales in Rio Rancho were up 14.89%.

Pending Sales were also up 22.31% in September which bodes well for October Closings.

Active Listings

The number of Rio Rancho homes for sale in September 2009 decreased 22% since September 2008.

The number of townhomes and condos on the market is too small to report.

The decrease in inventory is a result of fewer new listings hitting the market combined with an increase in closed sales. Supply and demand is beginning to rebalance.

New Listings

The number of new listings in September was down 17% year to date.

New listings of single family homes continue their decline as more Rio Rancho homes have sold and as sellers who have the option of moving or not are choosing to sit tight.

Pending Sales

The number of pending sales increased 22%, a dramatic increase in the number of houses under contract but not yet closed.

This is the fourth consecutive month the market has experinced a large increase in pending sales.

Closed Sales

Closed sales were up 15% year to date!

This is the ***third consecutive monthly increase*** we've seen in the number of closed sales in a year!

I expect to see a continued increase in closings continuing into October and November as first time homebuyers take advantage of the $8,000 tax credit.

The Rio Rancho Real Estate Market continues to be very strong when compared to other cities in the U.S, and stronger than the Albuquerque Real Estate Market.

As the end to the $8,000 first time homebuyers tax credit nears expiration, I expect to see an increase in sales until December 1st. Expiration of the tax credit could have a dramatic effect on the market, and could lead to a very slow winter. There has been at least one bill introduced in congress to extend and possibly expand the first time homebuyer tax credit, but nothing is certain yet.

Albuquerque Real Estate Report for September 2009

Rio Rancho Real Estate Report for August 2009