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About Sandoval County, NM

Rio Rancho Units Map Update

Tracy Venturi -  Albuquerque Real Estate: Real Estate Agent in Albuquerque, NM

We have updated our Rio Rancho Units map and added the line between the incorporated part of the City of Rio Rancho and the un-incorporated part that is administered by Sandoval County.  The Zoning rules are different between the city and county so it's important to know where the lot is when buying Rio Rancho Land.


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Rio Rancho Home Sales for April 2008

Tracy Venturi -  Albuquerque Real Estate: Real Estate Agent in Albuquerque, NM
From: http://www.WelcomeHomeABQ.com/

These statistics are averages for all Residential Detached Homes Sales. This report includes the Rio Rancho Real Estate Market areas of 140, 141,150, 151, 152, 160, 161, and 162. View the Rio Rancho MLS Areas map for more location information.

Number of Homes Sold

Listing Price

Home SqFt.

Listing $ Per SqFt.

Days On Market

Selling Price

Selling $ Per SqFt.

(86)

$226,055

1970

$114

117

$219,996

$111

For a detailed neighborhood market report visit www.Albuquerque-Home-Prices.com.

Corrales Real Estate Home Sales – April 2008

Tracy Venturi -  Albuquerque Real Estate: Real Estate Agent in Albuquerque, NM
From: http://www.WelcomeHomeABQ.com/

These statistics are averages for all Residential Detached Homes Sales. This report includes the Corrales Real Estate Market area 130. View the Albuquerque Area MLS map for more location information.

Number of Homes Sold

Listing Price

Home SqFt.

Listing $ Per SqFt.

Days On Market

Selling Price

Selling $ Per SqFt.

(7)

$529,114

2374

$227

128

$517,143

$221

For a detailed neighborhood market report visit www.Albuquerque-Home-Prices.com.

Consider Rio Rancho, NM...

RE/MAX Alliance: Real Estate Brokerage in Albuquerque, NM

Rio Rancho, NM prides itself on being a "City of Vision" for many reasons! The fastest growing city in New Mexico, and among the fastest growing in the entire country, Rio Rancho offers a unique blend of cultural resources, stat-of-the-art facilities, strong employment base, a thriving school system, and a strong and affordable real estate market.

Rio Rancho New Mexico

Rio Rancho is a new city, with the first homes being built there in the 1960's. By 1980, when the city chose to incorporate, the population was about 10,000; by 1990 it had reached 35,000, and the estimated population in 2006 was over 71,000. Rio Rancho's population growth has been fueled reasonably priced housing and athe attraction of large and prosperous businesses, including Intel (which employs more than 4,000 people), J. C. Penney's Telemarketing Center, Applied Materials, Air Products and Chemicals, Bergen Brunswig, Olympus Medical Corporation, Taco Bell Corporation's accounting division, and Intuit, the software company that produces Quicken.

The Santa Ana Star Center, a major component of the City of Rio Rancho's new master planned downtown, is a truly multi-purpose venue capable of hosting events ranging from trade shows to conventions, graduations to sporting events, plus performing arts, concerts, and family events. For example, you can see Cirque de Soleil perform there May 14th-17th, or watch Sesame Street Live on May 30th. Rio Rancho also plays host to two New Mexico Pro sports teams-- the New Mexico Scorpions Hockey team and the new, indoor professional football team, the New Mexico Wildcats.

In recent years, Rio Rancho schools separated from Albuquerque, forming the Rio Rancho schools system, with many escellent new schools, buildings and facillities. There will also soon be a Central New Mexico Community College campus in the heart of Rio Rancho's new downtown area.

Rio Rancho is located in central New Mexico, half an hour from Albuquerque, and within easy reach of many great historic, cultural and recreational resources. These include the Sandia Peak Tramway, Albuquerque's Old Town, the Rio Grande Nature Center, the Rio Grande Zoo, the Albuquerque Aquarium, the Natural History Museum, the Albuquerque Museum of Art and History, and much, much more. World-class shopping is available at Cottonwood Mall, just a few minutes drive from most Rio Rancho homes.

Visit the links below for more detailed information about Rio Rancho:

For more information about Rio Rancho, New Mexico, or to receive a Rio Rancho relocation package, contact us any time at (505)298-9999 or email info@homesnm.com .

Rio Rancho, New Mexico - Housing Market Declared a "Declining Market"

MELINDA POTCHER: Mortgage Company in Albuquerque, NM
Rio Rancho Declared a "Declining Market"

If you know anyone whose home is for sale in the 87124 and 87144 Zip Codes in Rio Rancho or in 87113 (Vista del Norte ONLY) in Albuquerque, have them check with their Mortgage Professional IMMEDIATELY.


On a development by development basis and/or a home by home basis (if on the market a long period of time), homes in our area FOR THE FIRST TIME now reflect what has happened in many areas around the country - Declining Market Designation.


A home with such a designation will require 5% MORE DOWN PAYMENT than a home without such designation. A Buyer assuming they can purchase for 5% down will now discover that particular house requires 10% - and the appraised value carries no weight.



If anyone you know has a home on the market in these areas, have them contact their Mortgage Professional IMMEDIATELY. This is not something either the client or the Realtor can research on their own. They will have to contact a mortgage company.


For More Information, call me; Melinda Potcher, Mortgage Maven. (505) 259-6397 ,

www.HomeLoansAlbuquerque.com