Here’s my monthly real estate report for Corrales NM.
Corrales December Home Sales
There were 7 closed sales in Corrales during December. One of the sales was a foreclosure home, the other 6 sale were regular sales.
Here are the stats on the 7 homes that sold:
Average Square Footage: 2,330
Price per Square Foot: $200
Days on the Market: 82
Average Sales Price: $458,193
Corrales Homes for Sale
There are only a small handful of distressed properties for sale in Corrales. Out of the 113 available homes only 7 are bank owned homes and 14 are short sales. That means that less than 10% of the available homes are distressed properties. Compare that with areas in Albuquerque that have 30% distressed properties for sale and you will appreciate that Corrales has been relatively unaffected by foreclosure activity.
113 homes available with only 7 homes closing last month means that there is over a year’s worth inventory of homes. It’s still a buyer’s market in Corrales!