30th June 2008

Downtown Albuquerque Sales Statistics May 2008

Albuquerque Home Market Report

Downtown Albuquerque Real Estate

Downtown Albuquerque

See the most up-to-date list of Downtown Albuquerque homes for sale, including single-family homes and lofts.

 

If you are looking to buy or sell a home in Downtown Albuquerque, please contact me today.

 

The Downtown Albuquerque area is bounded by I-25 and the Rio Grande River, and by I-40 and Cesar Chavez.

 

May 2008 # of Homes Median Lowest Highest
New Listing 55 $279,000 $74,900 $885,000
Pending 9 $219,000 $94,900 $615,000
Sold 17 $194,900 $122,000 $325,000
May 2008 Square Footage Bedrooms Bathrooms
Minimum 1000 1 1
Maximum 2462 4 3
May 2008 Days on Market Cumulative Days on Market
Minimum 0 0
Average 83 105
Maximum 224 387

Downtown Albuquerque Area Resources

Albuquerque Downtown Median Housing Prices

Albuquerque Downtown Average Cumulative Days On Market

These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 06/30/2008 at 2:00 p.m. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.

Albuquerque House Search

For Albuquerque real estate information contact:

Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty

Direct: 505.261.0389
Email Ashley

Or visit these pages:
Albuquerque NM Real Estate
Albuquerque Home Value - Complimentary CMA
Albuquerque House Search No registration required

[where: 87102] [where: 87104] [where: 87105]

posted in Albuquerque NM Real Estate, Downtown Albuquerque (MLS 80), Market Snapshots | 0 Comments

29th June 2008

Luxury Albuquerque Homes

Albuquerque Luxury Communities

Forbes highlights the most expensive home in the US with a starting price of $75 million. While Albuquerque’s luxury market doesn’t come close to those prices, we do have numerous luxury communities and I’m going to highlight a few of them today.

 

Tanoan Community Albuquerque NMTanoan is a gated, upscale community with a championship golf course and country club. The CNM Community College and private Albuquerque Academy is located nearby as well as numerous shopping and medical facilities.

 

 

 

 

 

 

 

 

 

 

Sandia Heights Albuquerque NMSandia Heights is located in the natural southwest topography of the foothills of the Sandias with breath-taking views of the city lights. Enjoy the many custom adobe homes on large lots, several neighborhood parks, and walking trails.

 

 

 

High Desert HomeHigh Desert features unique Southwestern architecture and several gated communities. You’ll have convenient access to the foothills open spaces, including Elena Gallegos Park, miles of walking trails, and numerous shopping strips within easy reach. Read more about High Desert.

 

 

 

 

North Albuquerque Acres HomeNorth Albuquerque Acres mixes country living with city conveniences and luxury homes on large lots. Horses are even welcomed in some areas.

 

 

 

 

 

 

Four Hills Albuquerque NMThe Four Hills area is minutes away from Sandia National Labs and Kirtland Air Force Base (KAFB) with country club living and an award-winning golf course. Development began with the first home in 1957 and continues with new construction today. Read more about Four Hills.

 

 

 

 

 

It is commonly considered that luxury homes in Albuquerque start at the $500,000 price point. The most expensive home currently for sale is priced at $2,950,000 and the highest priced home sold so far this year was $1,749,000.

 

Be sure to consult with a mortgage professional before beginning your luxury home search since you will want to have a pre-approval letter in hand; some homes will require one before scheduling a showing appointment.

 

View all luxury homes for sale in Albuquerque.

 

Albuquerque MLS Search

For Albuquerque real estate information contact:

Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty

Direct: 505.261.0389
Email Ashley

Or visit these pages:
Albuquerque Real Estate
Albuquerque Home Value - Complimentary CMA
Albuquerque MLS Search No registration required

posted in Albuquerque NM Real Estate, Buyers Tips, Luxury Real Estate, Neighborhood Spotlight | 2 Comments

29th June 2008

Quitclaim Defined

Define: Quitclaim deed

                                    Quitclaim Deed: A deed that conveys only the grantor’s right or interest in real estate, without stating the nature of the rights and with no warranties of ownership.

Simply stated…If you know the ownership and just need to add or remove a legal owner, a quitclaim deed is an easy way to do so. Commonly seen in a divorce or marriage, but also if one partner obtains the mortgage in their name and wishes to add the other partner to the deed. Being added or removed does not relieve you or make you responsible for the mortgage. This is a separate document.

 

For brief definitions of other terms, visit my Real Estate Glossary.

Albuquerque MLS Search

For Albuquerque real estate information contact:

Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty

Direct: 505.261.0389
Email Ashley

Or visit these pages:
Albuquerque NM Real Estate
Albuquerque Home Value - Complimentary CMA
Albuquerque MLS Search No registration required

posted in Albuquerque NM Real Estate, Buyers Tips, Real Estate Terms | 0 Comments

28th June 2008

Southeast Heights Housing Statistics May 2008

Albuquerque Home Market Report

Southeast Heights Real Estate

Southeast Heights

See the most up-to-date list of Southeast Heights homes for sale. If you are looking to buy or sell a home in Southeast Heights, please contact me today. The Southeast Heights area is bounded by Tramway to San Mateo and Central to Kirtland Air Force Base.

 

May 2008 # of Homes Median Lowest Highest
New Listing 23 $226,900 $149,900 $415,500
Pending 15 $223,000 $45,500 $329,000
Sold 10 $163,250 $107,900 $320,000
May 2008 Square Footage Bedrooms Bathrooms
Minimum 1099 2 1
Maximum 2693 4 2
May 2008 Days on Market Cumulative Days on Market
Minimum 4 4
Average 79 166
Maximum 178 461

Southeast Heights Area Resources

Albuquerque Southeast Heights Median Housing Prices

Albuquerque Southeast Heights Average Cumulative Days On Market

These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 06/28/2008 at 2:00 p.m. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.

Albuquerque MLS Search

For Albuquerque real estate information contact:

Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty

Direct: 505.261.0389
Email Ashley

Or visit these pages:
Albuquerque NM Real Estate
Albuquerque Home Value - Complimentary CMA
Albuquerque MLS Search No registration required

[where: 87102] [where: 87106] [where: 87107] [where: 87108] [where: 87123]

posted in Albuquerque NM Real Estate, Market Snapshots, Southeast Heights (MLS 71) | 0 Comments

27th June 2008

Albuquerque Open House MLS Search

Open Houses in Albuquerque

Albuquerque Open HousesWeekend of June 27th 2008

 

This weekend, there are 44 open houses in Albuquerque listed in the MLS. There are numerous luxury homes including three over a million dollars and six with over 3,500 sq. ft. of luxury living. If you are looking for something more moderately priced, there are 12 homes in the $100,000-$200,000 range.

 

View all open houses in Albuquerque that are listed in the MLS.

 

This weekend we are expecting isolated thunderstorms, so hopefully the rain won’t keep you from house hunting.

Albuquerque MLS Search

For Albuquerque real estate information contact:

Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty

Direct: 505.261.0389
Email Ashley

Or visit these pages:
Albuquerque Real Estate
Albuquerque Home Value - Complimentary CMA
Albuquerque MLS Search No registration required

posted in Albuquerque NM Real Estate | 0 Comments

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