Here’s my monthly real estate report for Cabezon Communities in Rio Rancho. Cabezon is a subdivision of newer homes in Rio Rancho NM.
See homes for sale in Cabezon.
Cabezon October Home Sales
There were 9 closed sales in Cabezon during October. All 9 of the sales were regular sales, there were no foreclosures or short sales closed.
Here are the stats on the 9 homes that sold:
Average Square Footage: 2193
Price per Square Foot: $100
Days on the Market: 30
Average Sales Price: $216,808
Compare this to last month’s Cabezon Real Estate Report stats when 38% of the closed sales were distressed properties and I think you will agree it was a good month for Cabezon home values.
Cabezon Homes for Sale
Currently there are 84 homes for sale in Cabezon. 57 are regular sales, 21 are short sales and 6 are bank owned homes.
The high number of short sale homes available is indicative of the general market conditions in Rio Rancho. In October, 32% of all closed sales in Rio Rancho were distressed property sales. Read my Rio Rancho Foreclosure Report. If you want to get the best possible deal on a home in Cabezon, you’ll most likely need to buy one of these distressed properties.