Albuquerque Sales Down; Rio Rancho Sales Continue to Rebound

Rio Rancho home sales continued their 2013 surge while home sales in Albuquerque were less than spectacular

Search homes for sale in Albuquerque or Rio Rancho.

These are preliminary stats based on the MLS sales that have been reported so far. Percentages noted below are comparisons of sales in November 2013 over November 2012.

Closed Home Sales by City

Homes Sales in Albuquerque

  • Home sales were down 8%
  • REO sales stayed the same
  • Short sales decreased 1%

Albuquerque Real Estate StatsNovember was a disappointing month for home sales in Albuquerque. 433 closed sales have been reported so far, down from 472 closed sales last year. That’s a 8% decrease.

In November 2012 26% of sales were distressed properties, meaning short sales and foreclosures (REO’s). That number remained about the same at 25% in November 2013.

Foreclosures stayed the same; short sales were down about 1%.

House Sales in Rio Rancho

  • Sales up 21%
  • REO sales were down 2%
  • Short saless were up 4%

Home sales in Rio Rancho were very strong once again, up approximately 21% year over year.

Distressed properties made up a whopping 44% of all home sales. 26% of the sales were REO’s or foreclosures, down from 28% last year, and 18% were short sales, up from 14% last year.

Sales in the Outlying Areas

Closed sales increased in Los Lunas, while sales declined in Placitas. Corrales and the east mountains appear to have stayed the same.

Thanks for reading my Albuquerque real estate market sneak peak for this month. Remember to check back, I will be updating the numbers as they roll in.

These Albuquerque real estate statistics were provided by the Greater Albuquerque Association of REALTORS®data on 12/05/2013. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

If you appreciate the time it takes me to research and publish these reports won’t you please take a fraction of a second to hit the “like” or the “+1″ button?  My post will not be automatically shared to your wall. Of course if you want to share it then please do! Please feel free to share and Tweet as well! Thank you.

Rich Cederberg, Albuquerque Real Estate Agent

(505) 803-5012

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