Corrales Home Sales in February 2011

 Here’s my monthly Corrales Real Estate report.

Corrales February Home Sales

There were 7 closed sales in Corrales during February. One of the sales was a foreclosure home, the other 6 sale were regular sales.

Corrales Horse PhotoHere are the stats on the 7 homes that sold:

Average Square Footage:           3,042

Price per Square Foot:                 $158

Days on the Market:                     188

Average Sales Price:             $475,571


Corrales Homes for Sale

Currently there are 95 Corrales NM Homes for Sale. There are  50  Scenic Homes for Sale in Corrales in Corrales and 75 Homes in Corrales.

There are only a small handful of distressed properties for sale in Corrales. Out of the 95 available homes only 4 are foreclosure homes and only 7 are short sales. That means that less than 15% of the available homes are distressed properties.

Compare that with some hard hit areas in Albuquerque that have up to 40% distressed properties for sale and you will appreciate that Corrales has been relatively unaffected by foreclosure activity.

95 homes available with only 7 homes closing last month means that there is a 13 month inventory of homes. It’s still a buyer’s market in Corrales!

Corrales Guinea Hens

These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 03/07/2011.

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