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
61 Properties Found.
Page 1 of 2
Photo of Listing #936001

13709 Quaking Aspen Place Ne

$1,295,000

Albuquerque, NM
4 Bed, 5 Bath, 5761 Sqft, 1.36 Acres
Residential

Photo of Listing #935969

11405 Signal Avenue Ne

$770,000

Albuquerque, NM
5 Bed, 6 Bath, 5489 Sqft, 0.89 Acres
Residential

Photo of Listing #935918

12111 Eagle Rock Avenue Ne

$625,000

Albuquerque, NM
4 Bed, 3 Bath, 2833 Sqft, 0.89 Acres
Residential

Photo of Listing #935941

4232 Aspen Avenue Ne

$569,000

Albuquerque, NM
3 Bed, 3 Bath, 3618 Sqft, 0.22 Acres
Residential

Photo of Listing #935932

5209 Deer Meadow Trail Nw

$459,900

Albuquerque, NM
4 Bed, 4 Bath, 3288 Sqft, 0.2 Acres
Residential

Photo of Listing #935974

6724 Vista Luces Street Nw

$455,613

Albuquerque, NM
4 Bed, 3 Bath, 2669 Sqft, 0.17 Acres
Residential

Photo of Listing #935948

5404 Moon Street Ne

$440,000

Albuquerque, NM
4 Bed, 3 Bath, 3096 Sqft, 0.22 Acres
Residential

Photo of Listing #936017

9247 Apache Pine Way Ne

$415,000

Albuquerque, NM
4 Bed, 3 Bath, 2143 Sqft, 0.13 Acres
Residential

Photo of Listing #935927

6627 Santo Lina Trail Nw

$369,900

Albuquerque, NM
4 Bed, 3 Bath, 2511 Sqft, 0.17 Acres
Residential

Photo of Listing #935899

8516 Chilte Pine Road Nw

$355,000

Albuquerque, NM
4 Bed, 3 Bath, 3177 Sqft, 0.15 Acres
Residential

Photo of Listing #936013

8728 Springhill Drive Nw

$320,000

Albuquerque, NM
4 Bed, 4 Bath, 3060 Sqft, 0.17 Acres
Residential

Photo of Listing #935958

4501 Yucca Hills Court Nw

$308,000

Albuquerque, NM
5 Bed, 5 Bath, 3155 Sqft, 0.18 Acres
Residential

Photo of Listing #935898

3809 Arlote Avenue

$305,000

Albuquerque, NM
2 Bed, 2 Bath, 1607 Sqft, 0.06 Acres
Residential

Photo of Listing #935880

14208 Encantado Road Ne

$289,500

Albuquerque, NM
4 Bed, 2 Bath, 2153 Sqft, 0.21 Acres
Residential

Photo of Listing #933345

1020 6th Street Nw

$287,500

Albuquerque, NM
3 Bed, 3 Bath, 1538 Sqft, 0.05 Acres
Residential

Photo of Listing #936007

831 Delamar Drive Nw

$285,000

Albuquerque, NM
4 Bed, 3 Bath, 2712 Sqft, 0.17 Acres
Residential

Photo of Listing #935925

1009 Matador Drive Se

$275,000

Albuquerque, NM
3 Bed, 2 Bath, 2669 Sqft, 0.17 Acres
Residential

Photo of Listing #935988

3504 Yipee Calle Court Nw

$269,000

Albuquerque, NM
2 Bed, 3 Bath, 1920 Sqft, 0.08 Acres
Residential

Photo of Listing #935902

9316 Warm Stone Street Nw

$267,295

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

Photo of Listing #935971

11624 Morenci Avenue Ne

$259,900

Albuquerque, NM
4 Bed, 3 Bath, 1900 Sqft, 0.28 Acres
Residential

Photo of Listing #935872

1940 Summer Breeze Drive

$259,900

Albuquerque, NM
3 Bed, 3 Bath, 2011 Sqft, 0.1 Acres
Residential

Photo of Listing #935905

4305 Cobblestone Place Ne

$259,900

Albuquerque, NM
3 Bed, 3 Bath, 2039 Sqft, 0.2 Acres
Residential

Photo of Listing #935903

9312 Warm Stone Street Nw

$251,740

Albuquerque, NM
3 Bed, 3 Bath, 1984 Sqft, 0.11 Acres
Residential

Photo of Listing #935868

6419 Santo Domingo Street Nw

$246,500

Albuquerque, NM
3 Bed, 2 Bath, 1951 Sqft, 0.17 Acres
Residential

Photo of Listing #936016

9912 Sun Chaser Trail Sw

$235,000

Albuquerque, NM
4 Bed, 3 Bath, 2730 Sqft, 0.29 Acres
Residential

Photo of Listing #935976

7916 Dragoon Road Nw

$225,000

Albuquerque, NM
4 Bed, 3 Bath, 2150 Sqft, 0.12 Acres
Residential

Photo of Listing #935153

9215 Lower Meadow Avenue Sw

$225,000

Albuquerque, NM
4 Bed, 3 Bath, 3019 Sqft, 0.15 Acres
Residential

Photo of Listing #935896

1005 Quincy Street Se

$220,000

Albuquerque, NM
3 Bed, 1 Bath, 1105 Sqft, 0.17 Acres
Residential

Photo of Listing #935949

9612 Sun Dancer Drive Nw

$215,000

Albuquerque, NM
3 Bed, 3 Bath, 2212 Sqft, 0.11 Acres
Residential

Photo of Listing #935875

2817 Utah Street Ne

$212,500

Albuquerque, NM
3 Bed, 2 Bath, 1342 Sqft, 0.22 Acres
Residential

Photo of Listing #935956

10932 Sandman Drive Nw

$200,000

Albuquerque, NM
3 Bed, 3 Bath, 1959 Sqft, 0.11 Acres
Residential

Photo of Listing #935991

8211 Wolverine Drive Nw

$199,900

Albuquerque, NM
3 Bed, 2 Bath, 1217 Sqft, 0.1 Acres
Residential

Photo of Listing #935953

779 Jaconita Place Sw

$195,000

Albuquerque, NM
4 Bed, 2 Bath, 1509 Sqft, 0.13 Acres
Residential

Photo of Listing #935986

5200 Gable Street Nw

$188,000

Albuquerque, NM
3 Bed, 2 Bath, 1595 Sqft, 0.12 Acres
Residential

Photo of Listing #935935

2704 Espanola Street Ne

$185,000

Albuquerque, NM
3 Bed, 2 Bath, 1832 Sqft, 0.2 Acres
Residential

Photo of Listing #936000

10312 Mcknight Avenue Ne

$185,000

Albuquerque, NM
3 Bed, 2 Bath, 1405 Sqft, 0.07 Acres
Residential

Photo of Listing #935912

6824 Boca Negra Place Nw

$185,000

Albuquerque, NM
3 Bed, 3 Bath, 1656 Sqft, 0.1 Acres
Residential

Photo of Listing #935908

7537 Lantern Road Ne

$185,000

Albuquerque, NM
2 Bed, 2 Bath, 1466 Sqft, 0.13 Acres
Residential

Photo of Listing #935716

504 San Pablo Street Ne

$180,000

Albuquerque, NM
3 Bed, 2 Bath, 1880 Sqft, 0.19 Acres
Residential

Photo of Listing #935942

831 Garden Road Sw

$179,900

Albuquerque, NM
3 Bed, 2 Bath, 2189 Sqft, 0.24 Acres
Residential

Photo of Listing #936003

2400 Broadway Boulevard

$175,000

Albuquerque, NM
3 Bed, 2 Bath, 1215 Sqft, 0.09 Acres
Residential

Photo of Listing #935699

5909 Las Humanas Road Nw

$172,500

Albuquerque, NM
3 Bed, 2 Bath, 1612 Sqft, 0.15 Acres
Residential

Photo of Listing #935933

2724 Washington Street Ne

$167,000

Albuquerque, NM
3 Bed, 2 Bath, 1832 Sqft, 0.17 Acres
Residential

Photo of Listing #935952

775 Jaconita Place Sw

$165,000

Albuquerque, NM
3 Bed, 2 Bath, 1224 Sqft, 0.11 Acres
Residential

Photo of Listing #935922

11031 Park North Street Nw

$162,500

Albuquerque, NM
3 Bed, 2 Bath, 1340 Sqft, 0.14 Acres
Residential

Photo of Listing #935482

1015 Omaha Street Ne

$155,000

Albuquerque, NM
2 Bed, 2 Bath, 1148 Sqft, 0.06 Acres
Residential

Photo of Listing #935989

8928 La Vida Lane Sw

$154,900

Albuquerque, NM
2 Bed, 2 Bath, 1235 Sqft, 0.08 Acres
Residential

Photo of Listing #935120

319 San Tomas Lane Sw

$150,000

Albuquerque, NM
2 Bed, 2 Bath, 1276 Sqft, 0.1 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 January 23rd, 2019 at 4:13am MST.