Are You Waiting For Prices to Drop?

Posted by NMWelcomeHome Team Associates (505) 886-1432 on Friday, August 24th, 2018 at 10:42am.

We all keep hearing the same thing, the market is going to slow or have a correction in the near future. While that may be true a complete market crash is not likely and prices will most likely hold steady or decrease slightly even as interest rates continue to climb.

We know rate will go up (it has to) but if you are waiting for the prices to drop you may be taking the wrong course. Take a look at our example below...

200K @ 4.5% = Payment of $1013*.  Loan cost over 30 years $364,813

178K @ 5.5% = Payment of $1010*.  Loan cost over 30 years $388,367 (21% drop in price to maintain similar payment)

Rate has everything to do with cost over time. This example assumes a price drop of 10% which is not likely...so in the end it waiting could cost you A LOT MORE!

Payment example of principal and interest only.

HOT NEW LISTINGS

Price, Highest First
55 Properties Found.
Page 1 of 2
Photo of Listing #932406

9460 Riverfront Road

$1,600,000

Albuquerque, NM
9 Bed, 8 Bath, 9900 Sqft, 1 Acre
Residential

Photo of Listing #932381

10896 Elena Avenue Ne

$1,200,000

Albuquerque, NM
4 Bed, 5 Bath, 4601 Sqft, 0.87 Acres
Residential

Photo of Listing #932422

13512 Red Yucca Avenue Ne

$695,000

Albuquerque, NM
4 Bed, 3 Bath, 3663 Sqft, 0.34 Acres
Residential

Photo of Listing #932410

5820 Mesa Vista Trail Nw

$589,900

Albuquerque, NM
3 Bed, 3 Bath, 3590 Sqft, 0.17 Acres
Residential

Photo of Listing #932369

12604 Sunset Ridge Place Ne

$529,000

Albuquerque, NM
3 Bed, 3 Bath, 2481 Sqft, 0.2 Acres
Residential

Photo of Listing #932416

13705 Vic Road Ne

$402,000

Albuquerque, NM
3 Bed, 3 Bath, 2875 Sqft, 0.25 Acres
Residential

Photo of Listing #932367

6437 Glen Oak Ne

$395,000

Albuquerque, NM
3 Bed, 2 Bath, 1873 Sqft, 0.16 Acres
Residential

Photo of Listing #932411

2100 Coyote Creek Trail

$380,000

Albuquerque, NM
2 Bed, 2 Bath, 2089 Sqft, 0.14 Acres
Residential

Photo of Listing #932412

11704 Tracy Court Ne

$335,000

Albuquerque, NM
3 Bed, 2 Bath, 2700 Sqft, 0.16 Acres
Residential

Photo of Listing #932413

2730 Burton Avenue Se

$325,000

Albuquerque, NM
4 Bed, 2 Bath, 1970 Sqft, 0.13 Acres
Residential

Photo of Listing #931803

13112 Deer Dancer Trail Ne

$315,000

Albuquerque, NM
4 Bed, 3 Bath, 2756 Sqft, 0.32 Acres
Residential

Photo of Listing #932441

7224 Valle Jardin Lane Nw

$309,990

Albuquerque, NM
4 Bed, 3 Bath, 2181 Sqft, 0.14 Acres
Residential

Photo of Listing #932396

8816 Valle Huerto Lane Nw

$309,990

Albuquerque, NM
4 Bed, 3 Bath, 2181 Sqft, 0.15 Acres
Residential

Photo of Listing #932494

9770 Summer Shower Place Nw

$309,900

Albuquerque, NM
4 Bed, 3 Bath, 3754 Sqft, 0.17 Acres
Residential

Photo of Listing #932455

201 Arno Street Apt 101

$299,900

Albuquerque, NM
2 Bed, 2 Bath, 1644 Sqft, 0.15 Acres
Residential

Photo of Listing #932394

5300 Van Christopher Drive Ne

$299,000

Albuquerque, NM
4 Bed, 2 Bath, 2064 Sqft, 0.2 Acres
Residential

Photo of Listing #932486

3040 Casa Del Norte Drive Ne

$297,000

Albuquerque, NM
3 Bed, 3 Bath, 2187 Sqft, 0.21 Acres
Residential

Photo of Listing #932426

13004 Antelope Dancer Trail

$285,000

Albuquerque, NM
4 Bed, 3 Bath, 2182 Sqft, 0.22 Acres
Residential

Photo of Listing #932356

6620 Mia Street Ne

$285,000

Albuquerque, NM
4 Bed, 2 Bath, 2052 Sqft, 0.22 Acres
Residential

Photo of Listing #932457

10205 Cristalino Road Sw

$279,000

Albuquerque, NM
4 Bed, 3 Bath, 2923 Sqft, 0.19 Acres
Residential

Photo of Listing #932379

9301 Silver Mesa Street Nw

$271,675

Albuquerque, NM
4 Bed, 3 Bath, 2265 Sqft, 0.11 Acres
Residential

Photo of Listing #932402

3305 Utah Street Ne

$265,000

Albuquerque, NM
5 Bed, 3 Bath, 2423 Sqft, 0.2 Acres
Residential

Photo of Listing #932492

13132 Argon Avenue Ne

$260,000

Albuquerque, NM
3 Bed, 3 Bath, 1708 Sqft, 0.09 Acres
Residential

Photo of Listing #932440

1816 Stanford Drive Se

$259,900

Albuquerque, NM
4 Bed, 4 Bath, 1928 Sqft, 0.18 Acres
Residential

Photo of Listing #932409

1209 Chama Street Ne

$259,000

Albuquerque, NM
4 Bed, 3 Bath, 2223 Sqft, 0.2 Acres
Residential

Photo of Listing #932415

11836 Kings Canyon Place Se

$256,900

Albuquerque, NM
4 Bed, 2 Bath, 1749 Sqft, 0.18 Acres
Residential

Photo of Listing #932397

12500 Mountain Ridge Place Ne

$245,000

Albuquerque, NM
4 Bed, 2 Bath, 1735 Sqft, 0.13 Acres
Residential

Photo of Listing #932460

11200 Malaguena Lane Ne

$240,000

Albuquerque, NM
3 Bed, 2 Bath, 1582 Sqft, 0.12 Acres
Residential

Photo of Listing #932465

6736 Tempe Avenue Nw

$239,900

Albuquerque, NM
4 Bed, 3 Bath, 1798 Sqft, 0.11 Acres
Residential

Photo of Listing #932442

8009 Corn Mountain Place Nw

$235,000

Albuquerque, NM
4 Bed, 2 Bath, 2312 Sqft, 0.14 Acres
Residential

Photo of Listing #932437

8227 Chilte Pine Road Nw

$235,000

Albuquerque, NM
3 Bed, 3 Bath, 2080 Sqft, 0.15 Acres
Residential

Photo of Listing #932418

2912 Ghiradelli Street Ne

$220,000

Albuquerque, NM
2 Bed, 3 Bath, 1749 Sqft, 0.05 Acres
Residential

Photo of Listing #932404

10012 Sun Chaser Trail Sw

$219,000

Albuquerque, NM
4 Bed, 3 Bath, 2567 Sqft, 0.14 Acres
Residential

Photo of Listing #932478

3912 Trailing Drive Nw

$210,000

Albuquerque, NM
3 Bed, 2 Bath, 1450 Sqft, 0.14 Acres
Residential

Photo of Listing #932428

716 Luna Road Sw

$205,000

Albuquerque, NM
3 Bed, 2 Bath, 2340 Sqft, 0.25 Acres
Residential

Photo of Listing #932430

9328 Nationwide Street Nw

$199,900

Albuquerque, NM
4 Bed, 3 Bath, 2250 Sqft, 0.12 Acres
Residential

Photo of Listing #932405

2814 Euclid Avenue Ne

$199,000

Albuquerque, NM
3 Bed, 2 Bath, 1800 Sqft, 0.1 Acres
Residential

Photo of Listing #932373

10309 Pintura Place Nw

$192,017

Albuquerque, NM
3 Bed, 3 Bath, 1775 Sqft, 0.16 Acres
Residential

Photo of Listing #932302

3505 Morningside Drive Ne

$179,900

Albuquerque, NM
3 Bed, 2 Bath, 1370 Sqft, 0.18 Acres
Residential

Photo of Listing #932476

2133 Martha Street Ne

$175,000

Albuquerque, NM
3 Bed, 2 Bath, 1481 Sqft, 0.15 Acres
Residential

Photo of Listing #932438

732 Landman Place Ne

$175,000

Albuquerque, NM
3 Bed, 2 Bath, 1557 Sqft, 0.14 Acres
Residential

Photo of Listing #932479

1021 Waldie Road Sw

$165,000

Albuquerque, NM
3 Bed, 2 Bath, 2035 Sqft, 0.33 Acres
Residential

Photo of Listing #932384

7612 Cleghorn Court Nw

$165,000

Albuquerque, NM
3 Bed, 3 Bath, 1462 Sqft, 0.11 Acres
Residential

Photo of Listing #932450

3309 Valencia Drive Ne

$155,000

Albuquerque, NM
3 Bed, 2 Bath, 1300 Sqft, 0.13 Acres
Residential

Photo of Listing #932420

2431 Red Polard Court Nw

$154,000

Albuquerque, NM
4 Bed, 3 Bath, 1780 Sqft, 0.1 Acres
Residential

Photo of Listing #932434

336 General Marshall Street Ne

$152,000

Albuquerque, NM
3 Bed, 3 Bath, 1136 Sqft, 0.17 Acres
Residential

Photo of Listing #932459

7513 Prospect Avenue Ne

$145,000

Albuquerque, NM
3 Bed, 1 Bath, 996 Sqft, 0.14 Acres
Residential

Photo of Listing #932431

5021 Bluewater Road Nw

$142,000

Albuquerque, NM
4 Bed, 2 Bath, 1745 Sqft, 0.15 Acres
Residential

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on November 13th, 2018 at 7:13pm MST.