Here’s my monthly real estate report for Northern Meadows in Rio Rancho for February 2011. Northern Meadows is located in Northern/Central Rancho NM.
Northern Meadows February Home Sales
There were only 2 closed sales in Northern Meadows during February. Both of the sales were bank owned homes.
Here are the stats on the 2 homes that sold:
Average Square Footage: 1,928
Price per Square Foot: $70
Days on the Market: 25
Average Sales Price: $133,700
Northern Meadows Homes for Sale
Today (03/09/2011) there are 81 homes for sale in Northern Meadows. 45 are regular sales, 29 are short sales and 7 are bank owned homes.
Nearly half the houses in Northern Meadows are either short sales or foreclosure sales. If you want to get the best possible deal on a home in Northern Meadows, you should consider buying one of these homes.
These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 03/09/2011.