Ventana Ranch Area Stats Oct 2012

I’ve changed the name of the Ventana Ranch MLS Area MapParadise West MLS area stats to the Ventana Ranch area stats starting with this month’s report.

Officially called “Paradise West” MLS Area it includes Ventana Ranch, but also includes the older part of Paradise Hills west of Unser, Paradise Skies, Seville and Saltillo.

 

Click here to view Paradise West Homes for Sale.

Ventana Ranch Area Stats

Total Detached Home Sales 41
Price Range $85,000 to $232,000
Average Sales Price $161,055
Median Sales Price $152,500
Distressed Sales 19
% Distressed 46
Attached Sales 0

Ventana Ranch Area Home Sales

Home sales were up considerably in the area during October. In October 2011 there were 30 closed sales; that was up to 41 sales in October 2012.

Home sales were also up from September sales, increasing by 4 or up a little over 5%.

Pending sales took a large dip, however.

Ventana Ranch Area Stats

 

Average Price Per Square Foot

The average price per square foot continues to hold steady at $87. The price per square has shown little movement over the last 9 months. Over the last 12 months it has averaged $88, over the last 6 months $89, and over the last 3 months $88.

Ventana Ranch MLS Area 120 Average Price Per Square Foot

Ventana Ranch Area Home Inventory

Levels of home inventory have improved considerably over the last year, moving from 7 months of hoe inventory to 4.4 months of home inventory. This means homes in the area are in much greater demand.

Ventana Ranch Area Housing Inventory October 2012

Indeed, the market has improved considerably if you look at the balance of home inventory and the number of home sales. Hopefully, improvements in home prices will follow

Please check back next month for more Ventana Ranch Area Stats.

by Rich Cederberg, Albuquerque Real Estate Agent, 505.803.5012.

These Ventana Ranch Area/Paradise West real estate stats were compiled from Greater Albuquerque Association of REALTORS®data on 11/20/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

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