July 2024 Market Statistics

Highlights (the highlights are a comparison between July 2023 and July2024)

  • Median detached home price increased 5.8 percent to $370,305
  • Average detached home price increased 6.0 percent to $434,146
  • Overall inventory of detached homes for sales increased 23.7 percent to 1623

Additional Reports

  • July 2024 Showings Report
  • July 2024 Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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This is How...

The current absorption (marketing time) to sell a home now is 2.84 months. Home inventory is rising and interest rates have not fallen as expected, yet I was able to put this home on the market and get it sold! If you would like to have your home sell fast, give me a call to see how my marketing plan can work for you. Here is how I did it!

Initial Steps:

  • Sign a Listing Agreement
  • Take professional photos w/3D Tour and floor plan
  • Secure all details regarding the property
  • List in 'Coming Soon' status - This is a pre-MLS listing status that allows agents to share with their clients.
  • Put up a sign and lockbox
  • Create a 'Coming Soon' social media ad
  • Once Active initiate the below and send out to all agents using…

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Solar System Inspections

Over the years, solar energy systems have become increasingly popular, but as they age, several issues can arise. Some systemsmay have been improperly installed, the original installer may have gone out of business, or the solar panel type may no longer be accepted by PNM. Additionally, problems such as insufficient energy output, compromised panels, or faulty wiring can affect system performance. This is why it's crucial to consider having your solar setup inspected by a professional solar inspection company. A comprehensive inspection provides a detailed 15-page report, which covers:

  • System Type
  • Number of Panels
  • Manuracturer
  • Warranty status on panesl
  • Condition and size of batteries
  • Warranty Info
  • …

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JUST LISTED!

Welcome to 517 Espanola St NE, a beautifully updated home located in the heart of Albuquerque, NM 87108. This charming property boasts modern comfort with brand-new mini-split systems for efficient heating and cooling, ensuring year-round comfort. The electrical service has been fully upgraded, offering peace of mind and reliability. Inside, you'll find tastefully updated bathrooms, designed with contemporary finishes that enhance both style and functionality. Whether you're looking for a move-in ready home or a smart investment opportunity, this property is a perfect blend of convenience, quality, and value. Don't miss out on this gem!

517 Espanola St NE For Sale


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June 2024 Market Statistics

Highlights (the highlights are a comparison between June 2023 and June 2024)

  • Median detached home price increased 0.4 percent to $365,000
  • Average detached home price increased 2.9 percent to $426,015
  • Overall inventory of detached homes for sales increased 19.8 percent to 1576

Additional Reports

  • June 2024 Showings Report
  • June 2024 Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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DR Horton Homes Vista Grande Community

Welcome to Vista Grande, a new D.R. Horton community perfectly positioned at Northern Blvd. and Unser Blvd. in Rio Rancho, New Mexico. Situated within the Cleveland High School District, this community blends convenience and comfort seamlessly. Designed with modern families in mind, Vista Grande offers a range of thoughtfully crafted floor plans to suit every stage of life. Each home, built by America’s Number One Home Builder, combines comfort, style, and functionality.

Vista Grande extends beyond just homes, providing a wealth of amenities and recreational opportunities. Enjoy the natural beauty of nearby parks, walking trails, and green spaces. Take advantage of the convenience of shopping, dining, and…

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Does a Swimming Pool Boost or Hurt Your Home's Value?

Introduction Enjoying a pool at home on a hot day is a luxury many homeowners dream of. While pools can be a desirable feature, their impact on property value varies. Here's a detailed look at the factors influencing this.

Return on Investment

  • Homeowners can expect to recoup about 56% of their pool investment.
  • Potential home value increase of up to 7%, depending on various factors.

Key Factors

  1. Neighborhood Norms: In upscale areas where pools are common, not having one might make selling harder.
  2. Climate: In warm climates, pools are more valued. In colder areas, they’re a nice perk but not essential.
  3. Pool Condition and Design: A well-maintained, aesthetically pleasing…

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We Have Buyers Looking!

Are you considering selling your home in the Albuquerque area? Right now, we have 3,611 eager buyers in our database looking for homes just like yours!

Start your selling journey with us and gain access to a detailed report that includes:

  • Estimated Home Value: Understand your home's current market worth.
  • Home Value Trends: Track how the value of your home has changed over time.
  • Equity Information: See how much equity you’ve built up in your property.
  • Buyer Interest: Discover how many buyers are interested in a home like yours.
  • Market Trends: Stay informed about the latest trends in the Albuquerque real estate market.
  • Market Trend Analysis: Get a deep dive into the market dynamics affecting your home's…

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May 2024 Market Statistics

Highlights (the highlights are a comparison between May 2023 and May2024)

  • Median detached home price increased 5.9 percent to $372,500
  • Average detached home price increased 2.0 percent to $418,399
  • Overall inventory of detached homes for sales increased 29.4 percent to 1479

Additional Reports

  • May 2024 Showings Report
  • May 2024 Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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Assumable home mortgages offer a unique opportunity for both buyers and sellers in the real estate market. These loans allow a buyer to take over the seller’s existing mortgage, maintaining the original terms and interest rate. This can be highly advantageous, especially in an environment where interest rates are rising.

For buyers, assumable mortgages can mean significant savings. Instead of securing a new loan at a higher interest rate, the buyer inherits the seller’s lower rate. This can reduce monthly payments and overall interest costs, making homeownership more affordable. Additionally, assuming a mortgage can streamline the buying process, as it may bypass some of the rigorous underwriting procedures of new loans.

Sellers can also benefit…

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