ALBUQUERQUE HOME SELLER TIPS

Tuesday, January 25, 2005

Possible opportunity for new jobs

TheNewMexicoChannel.com New Mexico Remains In Running For Aircraft Plant POSTED: 10:31 am MST January 25, 2005 ALBUQUERQUE, N.M. -- New Mexico is the only state still in the running for a plant that could employ 2,500 people. The Albuquerque Journal on Tuesday reported that Canada's Bombardier Aerospace wants to open a new plant that would make commercial aircraft. The company's board is expected to decide in March whether they will open the proposed plant -- and, if so, where it would be located. Copyright 2005 by TheNewMexicoChannel.com

Albuquerque Housing Review

It's four and counting. For the fourth year in a row, Albuquerque has set a record in sales of existing homes - and it didn't take a year to do it. The record was broken in November when 900 homes were sold, bringing the year's total to 10,347, 131 more than the 2003 count of 10,216. With the exception of January, new monthly records have been set every month this year through November. October was the sixth month in a row that more than 1,000 homes were sold, a showing unrivaled in the more than 20 years that records have been kept by the Albuquerque Metropolitan Board of Realtors. The city had never topped 1,000 homes sales in a month until July of last year, when 1,110 were sold. Some 1,054 homes sold the following month, and then sales dropped below the 1,000 mark. Sales hit 1,029 in May of this year, followed by 1,157 in June, 1,131 in July, 1,146 in August, 1,022 in September and 1,001 in October, all monthly records. The 674 homes sold in February were the highest of any February on record, and the same held true for the 833 homes sold in March and 921 in April. The total through November was 9.1 percent ahead of the same 11 months of 2003. November's sales were 32.5 percent higher than last November. First time buyers are fueling the market in homes under $135,000. At the higher end are buyers benefiting from the city's improving economic climate. With a job growth rate of about 2 percent this year, Albuquerque is one of the more thriving cities in the country. More people are buying homes as an investment. Real estate purchases are allowed within certain types of individual retirement accounts, called self-directed IRAs.On Dec. 1, there were 2,572 existing single-family homes in the board's Southwest Multiple Listing Service, which covers Albuquerque, Rio Rancho, Placitas, Corrales, Los Lunas and the area in the mountains east of Albuquerque. The number of listings has topped 5,000 in other years. It's a wonderful time to learn about the Albuquerque market, and a wonderful time to start investing in Albuquerque's future.

Saturday, January 22, 2005

Thinking of investing in Albuquerque?

Wednesday, January 19, 2005 December 2004 December 2004 was the eleventh consecutive month in which the number of sales reported by SWMLS for the month is the highest number ever reported for home sales in the Albuquerque area in that month! There were 916 sales reported for December 2004. The number of sales rose slightly from November to December (from 900 to 916), a rise of 1.78 percent. The increase in the number of sales from December 2003 (731 sales) compared to December 2004 was 25.31 percent! The number of sales reported from the beginning of the year (12,263) was 10.25 percent higher than the year-end number in 2003 (10,216). The average interest rate for a 30-year fixed-rate mortgage in New Mexico was 3.37 percent lower in December 2004 than it was in December 2003 (5.37 percent cf. 5.54 percent in December 2003). The average and median prices for R1 homes continued to rise compared to the corresponding values in December 2003. The data are presented below. Class R1, average price: $167,578 in December 2003$189,803 in December 2004, an increase of 13.26 percentClass R1, median price:$141,000 in December 2003 $150,000 in December 2004, an increase of 6.38 percentClass R2, average price:$113,577 in December 2003$112,621 in December 2004, a decrease of -0.84 percent Class R2, median price:$98,250 in December 2003$110,500 in December 2004, an increase of 12.47 percent. For the full report from SWMLS, click on December statistics.Posted at 02:48 PM Fourth Quarter Statistics The number of sales reported in the Albuquerque area for the fourth quarter of 2004 (2,817) was remarkably high for this time of year, even exceeding the 2,274 sales reported during the fourth quarter of 2003! This was a gain of 23.88 percent over the fourth-quarter sales for 2003, which was a record-breaking number for the fourth quarter! For the full report from SWMLS, click on fourth quarter 2004 report. This report includes a graph showing the sales overview of sold and closed single-family homes in the years 2001, 2002, 2003, and 2004. Posted at 02:45 PM

Linda DeVlieg, ePro Posted by Hello

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About Me

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I believe in a consultative approach to buying and selling homes.  Albuquerque is my home and I love the gorgeous surroundings, the breathtaking scenery and blue skies that are everywhere.

I love the pueblo style homes and the contemporary masterpieces that our artists have created - everywhere there is beauty!