| Loma Colorado Market Report July 2013 | ||||||||||||||||
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Rio Rancho’s Loma Colorado community is a centrally located neighborhood that is full of beautiful, eco-friendly homes and enchanting mountain views and recreational areas. Homes in the neighborhood vary from one-story three-bedroom homes to two-story, six-bedroom luxury homes and the resale housing market for Loma Colorado is heating up for the summer! The developer of Loma Colorado, Pulte Homes, is still selling brand new homes and those homes are directly competing with existing home sales, so the analysis of the values of existing homes in the market is complicated. The current resale market for Loma Colorado (since June 1) has seen two homes’ sales close at around $125 per square foot and 13 homes under contract for a pending sale. There are currently 36 active home listings available in Loma Colorado, and here are a couple of the highlights of the market:
This Month’s Most ExpensiveHome
Loma Colorado’s most expensive active listing is a two story, six-bedroom, five-bathroom, 4200 square foot home, currently listed at $444,000. This wonderful home has a tile roof, incredible views and two garages with room for three cars.
This Month’s Best Value Home
Loma Colorado’s best value home is a three-bedroom, two-bathroom beauty that has 1603 square feet and is very close to Rio Rancho High School. This charming home is currently listed at $199,500.
If you’d like to check out these homes, or … |
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| Below are highlight properties for Loma Colorado Market Report July 2013. See more at the full report: | ||||||||||||||||
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| See the Full Loma Colorado Market Report July 2013 | ||||||||||||||||
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| Information valid as of July 12, 2013. Please contact us for the most current information and status of these properties. |
Category Archives: Real Estate Information
Cabezon, Rio Rancho June 2013 Market Report
| Cabezon Market Report June 2013 | ||||||||||||||||
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The Cabezon neighborhoods real estate market has seen some changes since the start of the year. The largest change in the Rio Rancho South Region (which contains Cabezon) has been the number of homes for sale. After being consistently between 103 and 121 homes for sale between March 2012 and January 2013, the number of homes for sale has risen to a peak of 148 and a current level of 132. This may indicate a shift to a buyers market and the price per square foot indicates that as well. The price per square foot is at its lowest level in the past 15 months at $85 per square foot. The average sale price has dropped to its lowest level in the past 15 months. If you are looking for a great deal on a home in Rio Rancho, the Cabezon neighborhoods are a great place to look!
For a more detailed market report, please contact me and Ill send it right over!
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| Below are highlight properties for Cabezon Market Report June 2013. See more at the full report: | ||||||||||||||||
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| See the Full Cabezon Market Report June 2013 | ||||||||||||||||
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| Information valid as of January 8, 2013. Please contact us for the most current information and status of these properties. |
Northern Meadows, Rio Rancho Market Report June 2013
| Northern Meadows Market Report June 2013 | ||||||||||||||||
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Northern Meadows’ Real Estate Market has had some interesting trends lately.The number of homes for sale in the Rio Rancho Central Region (which contains Northern Meadows) dropped almost 22% from April 2013 to May 2013 to the lowest level in more than the last 15 months. This could mean that the market is starting to shift from a buyer’s market to more of a seller’s market as the inventory of available homes drops. This is also shown in the average days on market of the homes for sale. From April 2013 to May 2013 the average number of days on market dropped almost 35%. The market shift has not been as large in the pricing of homes in Northern Meadows, so far. The average price per square foot has been relatively steady for the last 15 months, with a low of $73 and high of $82, with a current level of $79. Sale prices have also been relatively steady lately, between $131,000 and the current level of $141,000. If you’re looking for a great deal in Northern Meadows they are still available, but with the market possiblly shifting, you may want to act quickly before they’re gone!
For a more detailed market report, please contact me and I’ll send it right over!
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| Below are highlight properties for Northern Meadows Market Report June 2013. See more at the full report: | ||||||||||||||||
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| See the Full Northern Meadows Market Report June 2013 | ||||||||||||||||
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| Information valid as of January 23, 2013. Please contact us for the most current information and status of these properties. |
Enchanted Hills, Rio Rancho June 2013 Market Report
| Enchanted Hills June 2013 Market Report | ||||||||||||||||
| The market in the Enchanted Hills area of the Rio Rancho North region has been fairly consistent over the past 15 months, however many of the market indicators have risen sharply over that time. Sold homes have risen over 28% from March 2012 to May 2013, new listings have risen 33% in that time, homes for sale has risen 9.5% and pending sales have risen over 41%. The price per square foot has ranged from a high of $102 down to a low of $77, with price per square foot between $87 and $91 the last three months. The best news is that the average days on market has dropped from a high of 117 days in March 2012 down to only 76 days in May 2013.
The Enchanted Hills neighborhood is a great area for those who commute to Santa Fe and Albuquerque, and soon construction will begin that will expand the US 550/Interstate 25 interchange to make traffic flow more smoothly through the area. For a more detailed market report, please contact me and I’ll send it right over!
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| Below are highlight properties for Enchanted Hills June 2013 Market Report. See more at the full report: | ||||||||||||||||
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| See the Full Enchanted Hills June 2013 Market Report | ||||||||||||||||
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| Information valid as of June 6, 2013. Please contact us for the most current information and status of these properties. |
Loma Colorado Rio Rancho, NM Market Report February 2013
| Loma Colorado Market Report February 2013 | ||||||||||||||||||
| Loma Colorado, Rio Rancho homes for salestatistics are difficult to interpret.There are huge flucuations in the data which can be partly attributed to the sale of new homes in the community competing with resales. For instance, in December 2012 the months of inventory was 3.8 but in January 2013 the number jumped up to 15 months of inventory. Pulte Homes is actively building homes in the area and place their inventory homes on the MLS system. Those are included in the statistics. What is not included in the statistics are the homes already purchased but not built.
Loma Colorado, excluding new home sales, has had an average of 3 homes sold per month over the last 15 months. The number of homes for sale has been between a low of 11 in July 2012 to a high of 30 in January 2013.
This Months Most Expensive This Months Least Expensive
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| Below are highlight properties for Loma Colorado Market Report February 2013. See more at the full report: | ||||||||||||||||||
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| See the Full Loma Colorado Market Report February 2013 | ||||||||||||||||||
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| Information valid as of February 6, 2013. Please contact us for the most current information and status of these properties. |
Ventana Ranch Market Report January 2013
| Ventana Ranch Market Report January 2013 | ||||||||||||||||||||||||||
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Ventana Ranch, Albuquerque, NM Homes for Salepricing has stayed fairly consistentmonth to month for the last five months, averaging between $87/square foot to a high of $90/square foot in November and December 2012.
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| Below are highlight properties for Ventana Ranch Market Report January 2013. See more at the full report: | ||||||||||||||||||||||||||
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| See the Full Ventana Ranch Market Report January 2013 | ||||||||||||||||||||||||||
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| Information valid as of January 29, 2013. Please contact us for the most current information and status of these properties. |
Northern Meadows Market Report January 2013
| Northern Meadows Market Report January 2013 | ||||||||||||||||||
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The market in Northern Meadows has been fairly consistent over the last 15 months. Sold homes have fluctuated between 88 and 123 in the Rio Rancho Central region where Northern Meadows is located. The average price per square foot has also stayed with in a small range of $73 to $82 per square foot. The good news is the average days on market has dropped from a high of 163 days in November 2011 to 63 days in December 2012.
HP, a major employer in the Rio Rancho area and located near Northern Meadows, announced recently they will be moving 200 jobs out of the state. It is too soon to tell how this will affect the housing market in Northern Meadows but it will have an impact. This will be a major issue to watch in the next couple of months.
For a more detailed market report, please contact me and … |
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| Below are highlight properties for Northern Meadows Market Report January 2013. See more at the full report: | ||||||||||||||||||
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| See the Full Northern Meadows Market Report January 2013 | ||||||||||||||||||
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| Information valid as of January 23, 2013. Please contact us for the most current information and status of these properties. |
Rio Rancho home buyer grant program
Did you know the City of Rio Rancho has a down payment assistance grant? Many people don’t know this and it is a great program. The idea is to assist lower income households in purchasing homes in Rio Rancho. The funds are usually renewed each year but go fast! The great thing about the grant is that you can use it to offset the upfront cost of buying a home. Combined with FHA financing and a 3.5% down payment, buying a home can be affordable.
The Down Payment and Closing Assistance Grant will provide a grant up to $5,000 to qualified first time homebuyers. A first time homebuyer is defined as someone who hasn’t owned a home in the last three years. There are income guidelines as well based on family size. Home ownership counseling is a big part of the program and helps you to understand the complex process of financing and other ownership issues. Attendance at one of these sessions will prepare you to become a homeowner.
With rental rates going up, the monthly cost of a mortgage is lower than renting a comparable home in a lot of cases. Call or email me to get more details on the Down Payment and Closing Assistance Grant. I can even get you in contact with a lender familiar with the grant program.
January 2013 Cabezon Market Report
| Cabezon Market Report January 2013 | ||||||||||||||||
| Homes listed for sale in Cabezon are shown by neighborhood. Please contact me for specifics on each home. Full Statistics at Cabezon Market Report and is updated monthly.
December 2012 Statistics on Cabezon *
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2013: What will happen?
The new year is here and everyone is asking: Will the housing market continue to improve? Will mortgage rates go up? Is this a good time to buy? Is this a good time to sell? Will anymore Real Estate agents starve? Just kidding on that last question. Most people are not worried about us because we are a tough bunch but the rest of the questions are asked everyday. I may not have a crystal ball but I can read the trends and see what is happening in our neck of the woods. I will be posting regular market reports for specific neighborhoods starting this week.
My first market report will be on the Cabezon neighborhood in Rio Rancho, NM. I have another blog with general community information on Cabezon if you are interested, but the market reports will also be posted here. The market reports will have the most current homes on the market with some general information including price. I will also include the trends for the neighborhood like number of homes sold, days on the market, etc.
The next few neighborhoods I will be featuring are Ventana Ranch area, Northern Meadows, and Loma Colorado. Stay tuned!
If you do not want to miss out on any of the reports, subscribe and receive email notifications when a new market report is uploaded.
Thanks and enjoy!
Melanie
505-489-8504
