Albuquerque Foreclosure and Short Sale Report for December 2011

 

I’m proud to present my Albuquerque Foreclosure and Short Sale Report for December 2011. I’m disappointed to write that I will no longer be able to publish any data about short sales since this field is considered confidential by Southwest MLS. Instead, I will lump short sales and foreclosure information together as “distressed” sales.

If you are considering buying or selling real estate in the Albuquerque or Rio Rancho area, please contact me and I will be happy to provide you with specific stats for your Albuquerque neighborhood, including all the short sale stats you want.

View MLS Foreclosure Listings

December Home Sales

31.1% of December home sales were REO/Bank Owned/Foreclosure or short sales.

The graph below illustrates the ratio of distressed property sales to regular sales.

Albuquerque home sales including distressed property information December 2011

 


 

Foreclosure Sales by MLS Map Area

As usual, the majority of foreclosure sales were on the west side. MLS Areas 92 (Southwest Heights), 111 (Ladera Heights) and 120 (Ventana Ranch) led the pack. MLS Area 92 had nearly twice the bank owned sales of the other leading areas. MLS Area 50 (Northeast Heights) also experienced a high number for bank owned sales.

Here’s a breakdown of November Foreclosure/REO sales by MLS area:

Albuquerque Foreclsoures by Albuquerque MLS Area


Please check back next month for more Foreclosure and short sale stats.

If you’ve read this report and you appreciate the time and effort it has taken for me to publish it, then please consider hitting the Facebook “like” button or leaving a comment with you domain name. This is a do follow blog with a little bit of page rank, so leaving your domain name will give your website or Facebook page a small boost.

These statistics were compiled from Greater Albuquerque Association of REALTORS®data on 01/21/2012. Check our GAAR’s comprehensive market report here.

 

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