The NMWelcomeHome Team Real Estate Blog

Highlights (the highlights are a comparison between November 2017 and November 2018)

  • The median detached home price rose 3.6 percent to $207,000
  • The average detached home price rose 4.1 percent to $247,168
  • Overall inventory of detached homes for sale decreased 15.5 percent to 2,939
  • The number of closed sales for detached homes increased 7.3 percent to 896
  • The number of detached homes going under contract rose 17.1 percent to 912

Click Here to Download Full Report

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Recently MDS Funding, a recently formed investment group purchased 2,800 acres out of the 12,900 acre master planned community Mesa Del Sol.  Now Westway Homes which had also purchase 3 acres to build a dozen homes upped the ante and purchased an additional 35 acres to build up to 135 homes ranging from the $200s up to $400s. These ultra modern homes will be 2,200 to 3,000 square feet and the AlbuqUrban floor plans will range 1,600-2,000 square feet.

Call us to help you move in to this up and coming development (505) 886-1432

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Highlights (the highlights are a comparison between October 2017 and October 2018)

  • The median detached home price rose less than .01 percent to $199,000
  • The average detached home price decresased 2.1 percent to $231,462
  • Overall inventory of detached homes for sale decreased 15.8 percent to 3,140
  • The number of closed sales for detached homes increased 3.6 percent to 1,017
  • The number of detached homes going under contract rose 15.6 percent to 1,094

Click Here to Download Full Report

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Haunted House Albuquerque

Albuquerque Press Club is housed in what was formerly The Whittlesey House. The property was built in 1903 as a family residence.

It is a three-story property built in the same manner as a Norwegian Villa with low pitch roofs, exposed log fronting, and rough cut log facades.

It is a very rustic look and was far removed from the family’s previous residence in Chicago!

When it was first built it stood on its own since the town had not yet grown out towards that area. There would not have been any vegetation or trees in the area either which gave the property fantastic views of the Sandias, the river, and the volcanoes.

In short – the location is pretty picturesque, which seems at odds with the fact that the building is considered to be one

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Highlights (the highlights are a comparison between September 2017 and September 2018)

  • The median detached home (single family residence) price decreased 0.5 percent to $199,990.
  • An increase to the average detached home price by 1.7 percent to $239,282.
  • Overall inventory of detached homes for sale decreased 15.8 percent to 3,298.
  • Another notable number is closed sales for detached homes. They saw an increase 3.1 percent to 1,031.
  • Significant increase in the number of detached homes going under contract (pending). Rose 22.1 percent to 1,037.

Click Here to Download Full Report

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Los Ranchos Balloon Glow

Looking for a more intimate balloon glow? Visit the 4th Annual Glow in the Village of Los Ranchos presented by Sadies of New Mexico on October 9, 2018 from 6:00 PM to 9:00 PM. This event is free family fun event with a car show, music, food truck, prizes and beer/wine garden.

 

 

 

 

Los Ranchos Homes For Sale

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