Albuquerque Housing Market Report - February 2014

The amount of listings on the market increased from a year ago while the amount of homes in pending dropped.  One month of data does not indicate a trend, but it's possible be are heading into a buyer's market.


The happy middle is that closed sales stayed steady with a slight increase.  This is really what matters most when talking about volume.  In fact, the closed sales were the highest GAAR has reported in February since 2007 and that slow down in pendings could just be seasonal.

When looking at prices, you will see the average sales price dropped slightly, but the median price stayed stable.  Roughly 77% of homes sold in February were for less than $250k.  To me, that means there are still lots of great deals out there if you are in the market for a home.

View all of the GAAR stats here

And to find your next home visit www.LynnM.com

22 Bowersville Rd (Algodones, New Mexico)

Here it is! Great country living just minutes to Hwy & no stop lites to airport! Classic Northern NM home.Lovely rural setting on fenced & cross fenced 3AC w acequia water rights. Spectacular Stylish remodel showcases character & ambiance of the Territorial look w engineered hardwood flrs,crown & floor moldings & framed windows coupled w today's updates. 3469 sf, 4BR, 2.5 Ba multilevel hm offers formal & informal spaces for today's busy families. Main level w gracious living & dining,lovely country kitchen w nook,casual family room w energy efficient wood stove & powder room. Upstairs offers MBR w sitting area & ba, guest BR w bath & 3rd BR. Lower level w 4th BR+media rm+ play/craft + 15x14 storage/wine cellar. Garage w upstairs 588 sf Heated for studio/office spaces.



22 Bowersville Rd
Algodones, NM 87001





Price: $425,000
MLS#: 807091
Bedrooms: 4
Baths: 3
Sq Ft: 3469
Garage: Yes
Acres: 3.0
View This Algodones Home
 

3 Tips When Investing In Real Estate - Tip #3

If you have plans of investing in a residential real estate, here are some tips that you might find helpful:

Check out the Intro, Tip #1 and Tip #2 to get caught up



Tip #3 Continue learning about real estate investments 
Once you have invested in a real estate property, you should never stop learning about the real estate world. Continuous learning would help you improve your property, as well as keep you aware of the pros and cons of investing and other helpful information that you could use in the future.

Investing in real estate properties could be a bit risky, but if you know where to find the best deals, talks to experts, and follow simple tips, then you should be able to find the house you've been dreaming all your life.

More Real Estate Investing Information

Article Source: http://EzineArticles.com/8143701

3 Tips When Investing In Real Estate - Tip #2

If you have plans of investing in a residential real estate, here are some tips that you might find helpful:

Check out the Intro and Tip #1 to get caught up

Tip #2. Inspect the property before buying it
Although it is very common nowadays to search online for available properties for sale, looking at the property up close is important. Of course you can talk to the dealer online about the features of the property, and other details, but once you have decide that you want the house, go for a visit. Check out the location, check out the neighborhood, have a real feel of the house. This would give you an idea of how comfortable you'd be once you move to the new house.

Question: Would you buy a home site unseen?

www.LynnM.com

Article Source: http://EzineArticles.com/8143701

3401 Calle Suenos SE (Rio Rancho, New Mexico)

Great New Price. Sellers New Home is ready! So Check this out! This home has it all. Bring the Family wanting 4 Bedrooms, sound proof media(5th Bedroom), study...or the Chef wanting a Killer Kitchen with sunny breakfast nook which opens to Great Room...or bring the Man wanting room for his toys with 4 car garage (golf cart welcome), workshop. Bring owners wanting Master Bedroom suite on main level with sitting room, fireplace, exercise room & luxury bath. Bring the engineer or savvy buyer wanting 13 zoned Radiant Heating System plus 3 A/C units. Fully landscaped yards with wrap around patios for great outdoor living! Water Feature too! My goodness. What a pleasure to view!



3401 Calle Suenos SE
Rio Rancho, NM 87124





Price: $498,800
MLS#: 737493
Bedrooms: 4
Baths: 3
Sq Ft: 4274
Garage Spaces: 4
See More About This Luxurious Rio Rancho Home



www.LynnM.com

3 Tips When Investing In Real Estate - Tip #1

If you have plans of investing in a residential real estate, here are some tips that you might find helpful:

Check out the Intro to get caught up

Tip #1 - Secure Your Funding
Nothing feels worse than finding a great property and ending up not getting it. So before you start searching for properties, be sure that you have the funds you will need for your investment. There are financing options that you can choose from for your funding. But be choosy when picking the firm that will provide you financial assistance, as there are a lot out there that may have higher fees or less desirable communication and customer service.

Question to the Reader:  Have you ever been surprised by a loan at the closing table?

www.LynnM.com

 

 

 

Article Source: http://EzineArticles.com/8143701

607 Walden Rd (Corrales, New Mexico)

Charm & Casual Elegance. East side Corrales Casa beautifully sited on 1 AC w views, horse facilities & ditch irrigation too. One minute to Bosque! Fully fenced & electric gate offers privacy & seclusion. Adobe & frame construction offers Saltillo & hardwood floors, talavera tile, 2 wood stoves, one pellet stove, radiating vigas, latillas, wood ceils, skylites, clerestory wind, stained glass & so much more. Inviting sala welcomes you in. Relax in the enchanting living room. Enjoy the Gracious dining & country kitchen. Head up stairs to delightful 12x20 loft perfect for office/study. Spacious 3 BR, 3 BA including separate owners suite with luxury bath & French doors open to covered portal. Remarkable outdoor amenities. Barn & stalls. Screened porch. Orchard with fruit trees. Passive solar energy efficient. $210 month average electric bill.



607 Walden Rd
Corrales, NM 87048





Price: $594,800
MLS#: 802925
Bedrooms: 3
Baths: 3
Sq Ft: 3161
Click for More Details
 


www.LynnM.com

3 Tips When Investing In Real Estate - Intro

 

People always have that one same dream, own a house; a special place where the family can share special memories together; a place where the couple could spend the rest of their lives thinking of how that same house brought them happiness, sorrow, success, and failure.



Buying a house is one of the major decisions done by a person, whether he is buying it for himself or for his future family. For most people, buying a house means preparing for the future and accepting responsibilities. While purchasing a home can be understood internally as a gift to their loved ones, some have hesitations in deciding what the right house is for them. This is the reason why real estate agents offer their services in finding the most appropriate house.


That's enough of a hook.  In our next entry we will actually go over the three tips.  Tune back in then :)

Question to the Reader: Has owning a home been a lifelong dream?

www.LynnM.com

Article Source: http://EzineArticles.com/8143701

600 Cielo Azul (Corrales, New Mexico)

Timeless Adobe Casa atop Corrales 0.9 acres.  Private gated entrance.  Marvelous Million Dollar Views!  3 BRs,+study.  Adobe Courtyard entry.  Stunning exposed adobe walls, 3 Kiva Fireplaces, Saltillo & Brick Floors. Formal Living & Dining room with Viga & Latilla Ceilings & curved wall of view windows, Chefs Kit with gorgeous talavera tile counters, eating bar & breakfast nook opens to cozy family room. Gracious owners suite with sitting area & Kiva opens to Ramada & awesome east facing backyard with meandering walkways, Courtyards & Portals! 184sf hot tub room.



600 Cielo Azul
Corrales, NM 87048




Price: $673,800
MLS#: 766809
Bedrooms: 3
Baths: 3
Sq Ft: 3950
Acres: 0.9
Click for More Details




www.LynnM.com