Real Estate News from Popular New Mexico Cities

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Real Estate News from Popular New Mexico Counties

By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 2
679 Calle De Blas SOLD AS IS part of an estate, home is located on a very private Corrales road with a full acre of horse property. 3 bedrooms and 2 baths with an open floor plan, multiple levels provide great views from most bedrooms. Stucco needs some TLC but most of home is in great shape. ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 3
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home. The asking price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than the list price. It was unthinkable to pay more than what the seller was asking.Today is different.The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some ca...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 3
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.The Biggest Perk for Buyers: Low Mortgage Rates Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):This is a huge advantage for buyers and helps to make owning a home...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 1
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares:“Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.” (See graph below):When buying a home, it’s important to determine a monthly budget so you can plan for and understand what you can afford. However, when you need to stick to your budget, even a small increase in the mortgage rate can make a big difference.According to the National Association of Realtors (NAR), today, the median exis...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 2
As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares:“In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic.”With more opportunities to work from home and a growing interest in having extra space for things like virtual school, working out, and cooking more meals, the desire to own a home that can meet these needs cont...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 1
Keller Williams Realty Riverside located at 6240 Riverside Plaza Ln Ste 100, Albuquerque, NM 87120 is the perfect company to go to for finding that perfect home in Albuquerque, New Mexico. They have streamlined the process just listed homes for sale of buying or selling a home to make it easier for you! They have built a team of industry experts to make sure you have access to local home inspectors, contractors, interior designers, service providers, property managers, lending professionals, title and escrow companies, painters, gardeners, plumbers, electricians, home warranty companies and more to provide you with the best service possible. Visit their website at https://newmexhomes.com to contact a real estate professional today!If you have real estate in Albuquerque NM to invest, you...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 5
Look at the decline from July 2018 to February 2021!This is a good visual aid to understand why we are experiencing multiple offer scenarios with our Buyer's. We are experiencing low inventory levels across the country. It's very important you pick a team that has the experience to get that winning offer. In regards to our Seller's, we will make sure your property is priced competitively which will cause your property to sell faster and attract multiple offers. Contact me today!Phillip GonzalesAssociate BrokerJT & AssociatesKeller Williams Realtyphillipnmrealtor@gmail.com(505) 930-1413Homes For Sale Albuquerque
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 2
There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. With these busted myths in hand, be sure to also work with a trusted real estate advisor so you can decipher local facts from fiction along the way. Here are 5 common misconceptions about today's competitve market. It's better to get pre-approved after you find the perfect home to buy.Reality= You should get pre-approved before you begin your home search, so you know your budget and can act quickly when you're ready to make an offer. It makes your offer stronger to sellers, too. Always start with your lowest offer when buying a home.Reality= ...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 2
We have been working with numerous buyers looking to purchase a home for sale in Albuquerque. With low inventory levels driven by historic low interest rates and the current forebearance that is in place for home owners, it has become challenging for FHA/VA buyers. Cash buyers and in some cases conventional buyers have more options at their disposal. A big one is the appraisal waiver. This is something FHA/VA can't accomodate. We are seeing this happen in many cases win the deal. If Buyer has money to use for an escalation clause, this may be an option. We must be transparent with buyer when going this route. We never want to create a situation where a Buyer is left with having to cover a 15k difference. This happens in a escalation clause sitution. Other methods we can use is asking fo...
By Phillip Gonzales, We Make It Happen!
(Keller Williams Riverside)
Comments 9
It's definitely a seller's market. I have buyers, and I must write creative offers. I wake up and have my coffee. I then login to flexmls. I see the low inventory we have. I start reserving showings and that's complicated. Listings getting multiple showings. Buyers are making offers without even looking at the house physically. It's hard to get a tour scheduled. Renters are now realizing they want to buy because of the historic low rates. Sellers are on pause because of the pandemic. Demand is higher than supply. There are times a listing sells for 20k above asking price. We are now using an escalation clause. Maybe even 1k towards sellers closing costs. What are you doing to be creative?
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 2
4 Calle Cienega Court A custom home in Placitas with 3 Bedroom 2 1/2 baths, 3 car garage all on one level. Kitchen has a center island that opens to the breakfast area with a cozy kiva woodburning fireplace & features decorator colors & stainless appliances. Sliding patio doors in the living room leads out to another massive patio with open space and more views. Large master bedroom has wood beams, walkout patio doors & a luxurious master bath which has been recently upgraded with deep soaking tub & glass shower. Interior of home has adobe blocks, new tile flooring, wood ceilings, huge laundry room, carved front courtyard gates, several patios all with amazing views of mountains & mesas. Roof refurb w/warranty & 2 brand new coolers w/10 yr warranty. The entire home is situated on a leve...
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 1
11935 Pocono Road Southeast Welcome to one of the most highly sought after floorplans in four Hills! This fabulous home includes a Casita and is ready for immediate move-in! This home is a lovely modern Southwest style home complete with traditional vigas, kiva style fireplace and beautiful tile countertops! This is a fantastic floor plan and offer a spacious bedroom as well as great closet space. It will not be available for long now is your chance to make it yours! ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​
By John Myers, Your Trusted Real Estate Advisor
(Myers & Myers Real Estate, Inc)
Comments 0
Albuquerque Housing Market August 2020Albuquerque real estate market experienced huge increases in home prices, average home price is up 15.8 percent, and median home prices increased by 14.2 percent.  This is the direct result of low inventory and strong demand to purchase homes.  It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Home owners in the $200,000 price range are receiving multiple offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.The number of pending sales increased by 32.1 percent, I expect to see home sales increase in September because of this increase in pending sales.This is going to remain a sellers’ market as inventory is low. This won’t ch...
By John Myers, Your Trusted Real Estate Advisor
(Myers & Myers Real Estate, Inc)
Comments 3
Albuquerque Housing Market July 2020July real estate market in Albuquerque has made a shift since June 2020.  Inventory is down by 53.7 percent compared to July last year. Average home prices are up 9.4% and median home prices are up 8.3%. The number of homes sold in July is up an astounding 22.6 percent. It is really surprising to see home sales surge with so little inventory.  It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Home owners in the $200,000 price range are receiving multiple offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.The number of pending sales increased by 20.8 percent, I expect to see home sales increase in August because of this increa...
By John Myers, Your Trusted Real Estate Advisor
(Myers & Myers Real Estate, Inc)
Comments 0
Albuquerque Housing Market June 2020June real estate market in Albuquerque is a little bit more normal. However, inventory is down by 55.2% compared to June last year. The number of homes sold in June is up 1.2%. With inventory so low, it is no surprise home sales increased by only 1.2% It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Home owners in the $200,000 price range are receiving 5 or more offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.  The number of pending sales increased by 34.3%, I expect to see home sales increase because of this increase in pending sales.This is going to remain a sellers’ market as inventory is low. This won’t change until h...
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 3
800 Vargas Drive Welcome to this fantastic Semi-Custom Stillbrooke home! This 5 BEDROOM possible home is located on a corner lot with a beautiful park just across the street. This community provides the best of what the area offers with great views of the sandias, easy access to the bosque, river and trails, and quick route to Santa Fe and Albuquerque through I-25. Some great upgrades this home boasts are, oversized garage with tandem garage, instant hot water, exquisite knotty alder cabinets, granite countertops, extended wash room, tons of storage space throughout, relaxing jetted tub in master, whole house wired for surround sound inside and outside patio, sensors for exterior garage lights to conveniently turn on when dark, cozy outdoor kiva fireplace, large storage closet upstairs,...
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 1
10648 Neptune Street Northwest A great one story with 3 to 4 bedrooms in the Paradise Skies subdivision with mountain views from the backyard. This home has a convenient office right off living room, or it could be a 4th bedroom if needed. Loads of upgrades, newer windows, kitchen appliances are newer and stainless. With beautiful granite counters and tile backsplash it makes for a kitchen you can cook for thew entire family. New laminate wood floors through out the home. Clean and ready for you. ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 4
4003 Piedras Pase Road Northeast Located in the prestigious Loma Colorado. This 3 bedroom 2 story home is ready to move into today. Kitchen features a large island with sink, large pantry and tons on cabinets & counter top space for the chef. Open floor plan & family room with fireplace & doors to a large covered patio & large landscaped yard with concrete pad that also has electric power. Newer hot water heater, new garbage disposal, motorized blinds, sun and privacy window screens on the back of the house saving heating bills, WiFi enabled thermostats, ring security system. ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 5
1632 Cerro Crestado Drive Northwest Beautiful brick Sivage Thomas home built in a location that's hard to beat in this premier location of Los Lunas! Walking through the door you will feel the warmth and welcoming open living area and kitchen that will make it easy to envision festivities with family or quiet days of solitude. Inside home provides ideal comfort with a recently installed water heater, cooling and heating system and the backyard gives tremendous openness perfect for any occasion. At this price with this beauty, this home will not last. ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​
By Valerie Almanzar, MBA
(Your Casa Team - Keller Williams Realty)
Comments 1
3165 Llano Vista Court Northeast Located in the prestigious Loma Colorado. From the moment you step up to the front door you see the features of this grand home with 5 bedrooms, wood floors , 1st floor bedroom or home office w/full bath. Kitchen features granite counters w/tile backsplash, SS appliances, separate dining area, large granite island, abundance of storage space & a bonus PPC study area for homework/office just off of the kitchen. Open floor family room leads to a large covered patio & landscaped yard, amazing sunset & mountain views, outdoor fireplace, seating area and a patio block yard & faces open space area. Master bath has 2 walk-in closets. Each bedroom has walk-in closets. All bathrooms have upgraded granite counters. Huge second floor loft space is perfect for enter...

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