About Sandoval County, NM

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.

------------------------------------------------------------------------------------------------------------------------------

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.

---------------------------------------------------------------------------------------------------------------------------

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.

--------------------------------------------------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------------------------------------------------

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.

---------------------------------------------------------------------------------------------------------------------------

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.

---------------------------------------------------------------------------------------------------------------------------

The average sales price continues to decline.

---------------------------------------------------------------------------------------------------------------------------

Average days on the market has continued to increase significantly.

---------------------------------------------------------------------------------------------------------------------------

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.

---------------------------------------------------------------------------------------------------------------------------

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

<!--StartFragment-->

Have you ever wondered about New Homes in Rio Rancho?

If you have not see what Rio Rancho has to offer when it comes to Homes then you really need to check into it. Maybe you live in Albuquerque and have only been out to Rio Rancho to visit a friend or two. Or maybe you are relocating to town and you do not know the area very well.

If you have lived in Albuquerque you are probably used to an older home that has its ups and downs. Maybe it is time for a move. I would suggest that you take a drive out to Rio Rancho to look at New Homes.

If you are relocating to the Albuquerque metro you might be like a fish out of water. I can point you in a good direction and put the fish back in the bowl. Rio Rancho is definitely a great place to look after you have seen everything else that is on the market. If schools are important to you then you will be looking at two different school districts. La Cueva schools which is located on the north east side of Albuquerque. The second place you will look will be the Rio Rancho area.

Ok let’s talk about New Homes. Well Rio Rancho is one of the places that you are going to be able find something new. The reason being is there is just more vacant land in Rio Rancho. Who are the Builders?

They include:

• · Pulte Homes
  
• · Centex Homes
  
• · Dr Horton Homes
  
• · Beazer Homes
  
• · Vantage Homes
  

Those right there are the main players when it comes to New Homes in Rio Rancho.

Some of them have better qualities then others. For a list of the locations just shoot me an email and I will point you in the right direction.

What do you get when you get new home Vs. a resale home? Well it definitely has it its benefits like:

• Piece of mind knowing that you are the only person that has lived in the home.
  
• · Usually get a larger back yard then average.
  
• · New Home tend to have the latest in construction technology to include superior materials and all the latest code updates.
  
• · Warranties on a New Home cannot be beat. Some builders have better warranties than others.
  

That is just to name a few of the pluses.

So if you have some time on your hands take a little drive out to Rio Rancho and look at some New Homes. I think you will like what you have to see.

<!--EndFragment-->