About Rio Rancho's Northern Meadows

Here's my monthly real estate report for Northern Meadows. Northern Meadows is a subdivision of newer homes in Rio Rancho NM.

Northern Meadows September Home Sales

There were 8 closed sales in Northern Meadows during September. 4 of the sales were regular sales, the other 4 were distressed property sales.

Here are the stats on the 8 homes that sold:

Sq Feet	Beds	Baths	Sales Price	DOM	Per Sq	Type
1059	3	1.5	$118,000	7	111	REG
1774	4	2	$139,000	7	78	REO
1203	3	2	$140,000	270	116	REG
1438	3	2	$152,000	112	106	REG
2460	4	2.5	$157,000	45	64	REO
2575	3	2.5	$172,000	257	67	Short Sale
2168	4	2.5	$175,000	231	81	REG
2965	4	2.5	$190,000	290	64	Short Sale

Northern Meadows Homes for Sale

Currently there are 82 homes for sale in Northern Meadows. 48 are regular sales, 28 are short sales and 6 are bank owned homes.

The high number of short sale homes available is indicative of the general market conditions in Rio Rancho. In fact, 44% of all September closed sales in Rio Rancho were distressed property sales. If you want to get a good deal on a home in Northern Meadows, you'll most likely need to buy one of these homes.

Search for short sale property in Rio Rancho or foreclosed houses for sale in Rio Rancho today!

Northern Meadows | Rio Rancho

If you are looking for value in Rio Rancho then look no further. One of the most under valued neigborhoods right now in Rio Rancho is Northern Meadows. Where else can you find 2100sq feet for $179,000. Fully landscaped and quality contruction. The community of Northern meadows has several parks that scattered throughout the community.

Not to mention the new schools and close proximity to the New Rio Rancho Downtown and all the jobs that are being created in the area. If you are wanting to see the major value that Northern Meadows and Rio Rancho has to offer feel free to browse the links below.

Rio Rancho NM Homes

• Rio Rancho Homes $150-250,000
• Rio Rancho Homes $250-350,000
• Rio Rancho Homes $350-500,000
• Rio Rancho Homes $500-750,000
• Rio Rancho Luxury Homes
• Rio Rancho Foreclosures
• Rio Rancho Short Sales

There are some exciting reasons why Northern Meadows subdivision in Rio Rancho NM is quickly becoming a more desirable location.

Here's a few:

Santa Ana Star Center near Northern Meadows

The Santa Ana Star Center is home to a wide variety of fun events such as concerts, Rodeo, Monster Truck shows, Cirque Du Soleil and the Annual Home and Remodeling show.

HP Customer Service and Technical Support Center near Northern Meadows

The new Hewlett Packard Center opened in December 2009 and is expected to eventually have 1350 full time employees. I was out there today and the parking lot was full. That's a lot of jobs people! Buy HP!

University of New Mexico West near Northern Meadows

This building is just part of phase one of the UNM West campus. The plan is to have a large campus of as many as 28 buildings.

Rio Rancho City Hall Near Northern Meadows

The new city hall has been open for awhile.

There's a lot happening in Northern Meadows. Don't blink, you might miss something exciting!

Cheap Houses for Sale in Rio Rancho NM

If you are looking for a good deal on Rio Rancho NM Homes for Sale, Northern Meadows could be a good option for you.

Where is Northern Meadows Located?

Northern Meadows is located in north/central Rio Rancho near the intersection of Unser and King Blvds. When they were first building in Northern Meadows it seemed like the middle of nowhere. Now there are many homes, improved roads like Paseo de Volcan and other nearby developments like Mariposa and Northern Meadows seems much less isolated.

Who Built the Homes in Northern Meadows

The first homes in Rio Rancho were built by AMREP in the mid to late nineties. More recently DR Horton, RayLee/Vantage, Fuller, KB, Centex and Tiffany have built there. Dr Horton is still building there today, and so are Fuller and Vantage.

What is the Average Sales Price of Homes in Northern Meadows?

Since January 1, 2010, there have been 23 closed sales. 5 of the sales were Bank owned properties, 2 were short sales and 2 were HUD Homes. The average size of these homes was 1760 square feet, the average sales price was $159,134 or $94 per square foot. The median sales price was $150,040.

Is Northern Meadows a Good Place to Buy a Home?

Northern Meadows is a great place to buy a home. Northern Meadows continues to grow, including the Santa Ana Event Center, the new Hewlett Packard (HP) facility, the new Rio Rancho City Center, UNM Rio Rancho Campus and the new Sue Cleveland High School.

Northern Meadows is a great place to buy a home. Whether you're looking for a Rio Rancho Short Sales, bank-owned property or HUD Homes, there are plenty of home choices for you. Prices may have bottomed out, don't miss your chance to own an affordable Rio Rancho Home.

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