Placitas Home Sales in March
Sales have been slow in Placitas for some time now, this month was no exception.
There were only 4 closed sales in Placitas during March of 2011.
All 4 were regular sales. There were no short sales or foreclosure sales.
Here are the stats on the 4 homes that sold:
- Average Square Footage: 3,390
- Price per Square Foot: $168
- Days on the Market: 167
- Average Sales Price: $581,000
- Median Sales Price: $539,500
Placitas Homes for Sale
There are only a small handful of distressed properties for sale in Placitas. Out of the 90 available homes only 5 are short sales, and only 5 are bank owned homes (foreclosures). That means that less than 15% of the available homes are distressed properties. Compare that with areas in Albuquerque that have up to 50% distressed properties for sale and you will appreciate that Placitas has been relatively unaffected by foreclosure and short sale activity.
There are some great Placitas Homes for Sale, don’t miss your chance to buy while prices and interest rates are low!
These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 04/10/2011.