Corrales NM Housing Stats


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

Currently there are 113 Corrales NM Homes for Sale. There are 46 3-bedroom houses, 34 4 bedroom homes and 70 homes with one or more acres.

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!

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