Real Estate in Albuquerque

September 2011 Detached Home Sales

2011-10-16T10:07:00.000-07:00

The September 2011 detached home sales report is out, and here is a breakdown of the numbers. Albuquerque saw detached home sales increase 7.93 percent from the previous year! The sales volume increase carried over from the summer, and this continues to help decrease the inventory in Albuquerque.

Continue reading @ my website!

What is a real estate fixture?

2011-09-24T21:41:00.000-07:00

You found the home of your dreams, and everyone in your family is excited to buy it. Your children are especially excited with the idea of playing on the large play set in the backyard. You make your offer – it’s accepted, and now it’s move-in day. How exciting! Your children are more than eager to show you what they can do on that swing…

Only thing is… The play set is not there. The sellers took it with them.

Those jerks! What a disappointment for the kids!

You may or may not hear your agent use the term ‘fixture’ while you’re buying or selling a home in Albuquerque. It’s a technical term, but its importance can be vital.

So, what is a real estate fixture? Here is the term ‘Fixture’ defined. The legal definition is actually more complex, but this should be sufficient to give you a strong foundational understanding.

You can finish reading the blog by visiting: www.josephjonesrealty.com

August 2011 Albuquerque Sales

2011-09-12T20:26:00.000-07:00

The August 2011 detached home sales report is out, and here is a quick breakdown. Albuquerque saw detached home sales for August 2011 increase 3.36% from July, and 26.42% from August 2010! The sales volume increase is welcomed as it helped to decrease inventory in the Greater Albuquerque metropolitan area. A total of 646 detached home sales were recorded during August 2011 making it the highest August sales month since 2007. The downside to the report indicates the median sales price is $163,808, which represents a 10.24% decrease when compared to August 2010 and an 8.67% decrease from July 2011. The complete August 2011 sales reports can be viewed online by visiting: http://www.gaar.com/market_statistics/report/august_2011_market_report

July 2011 Albuquerque Sales

2011-09-10T19:12:00.000-07:00

Albuquerque saw July 2011 detached home sales increase by over 12% from the previous year. A total of 625 detached homes sales were successfully closed in July 2011, compared to 557 one year ago. July 2011 also saw the median sale price for detached single-family homes increase to $178,000, the highest level since December 2010. The numbers seem to indicate a stabilized housing market in the greater Albuquerque area, which is welcomed news to current homeowners.