Here’s my monthly real estate report for Corrales NM.
Corrales November Home Sales
There were 10 closed sales in Corrales during November. Two of the sales were foreclosure sales, the other 8 sale were regular sales.
Here are the stats on the 10 homes that sold:
Average Square Footage: 2742
Price per Square Foot: $175
Days on the Market: 189
Average Sales Price: $440,650
Currently there are 99 Corrales NM Homes for Sale. There are 49 3-bedroom houses, 49 4 bedroom homes and 74 homes with one or more acres. There are only a small handful of distressed properties for sale in Corrales. Out of the 115 available homes only 2 are bank owned homes and 7 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 and you will appreciate that Corrales has been relatively unaffected by foreclosure activity. 100 homes available with only10 homes closing last month means that there is a 10 month inventory of homes. It’s still a buyer’s market in Corrales!