It was the best month over the last year for home sales in Albuquerque’s Paradise East MLS area. Sales were up considerably from last year, and home prices held steady while home inventory shrank.
To view homes for sale in Paradise East, click here.
Quick Stats for Paradise East
Here’s last month’s sales activity:
|Total Detached Sales||34|
|Price Range||$107,000 to $410,000|
|Average Sales Price||$204,064|
|Median Sales Price||$197,000|
Good schools are important to a neighborhood whether you have school age children or not. You may want to research these Paradise East public shools.
|Elementary Schools||Sierra Vista, Sunset View, Ventana Ranch|
|Middle Schools||James Monroe|
July Was a Strong Month for Home Sales
34 homes sold in July 2012, up considerably from 23 in July 2011. Home sales were up from last month as well. 36 houses were in pending status, the highest number of pending sales over the last year.
Average Price Per Square Foot is Holding Steady
The average price per square foot continues to average $95 over the last year and $94 over the last 6 months.
Home Inventory is Shrinking
The increase in homes sales created a very competitive market in the area during July. There were less than 4 months of home inventory available for purchase.
It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home.
These Paradise West Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 09/17/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.