Monday, September 27, 2010

Market Condtions: Sept 2010 report of listings for sale

This number crunch article takes a close look at the inventory of homes currently for sale in the Greater Albuquerque market areas.  Information such as average list price, days on market and a breakdown of where homes are being sold will provide a clear picture of what is going on in the local Albuquerque real estate market.  The designated SWMLS Areas represent the different cities, towns, villages and counties in the Greater Albuquerque market. 
Specific information about home sales activity can be found in the August 2010 monthly market report, previously posted on this blog.  Active listing information was obtained from the SWMLS database on Tuesday, September 21, 2010.

Single-family detached

Active listings as of Sept. 21, 2010:5,830
Original median list price:$225,000
Current median list price:$219,050
Current average list price:$298,470
Average Days on Market:112
Offering Seller Assistance:11.5%
Green Certified Homes:110
% of all Residential inventory:86.3%

Attached (condos/townhomes)

Active listings as of Sept. 21, 2010:649
Original median list price:$154,000
Current median list price:$149,900
Current average list price:$168,406
Average Days on Market:78
Offering Seller Assistance:12.0%
Green Certified Homes:7
% of all Residential inventory:9.6%

Greater Albuquerque Market Areas


Areas 10-121 - City of Albuquerque

Active listings as of Sept. 21, 2010:3,624
Original median list price:$220,000
Current median list price:$213,000
Current average list price:$291,476
Average Days on Market:102
Offering Seller Assistance:12.7%
Green Certified Homes:71
% of all detached inventory:62.2%

Area 130 - Corrales

Active listings as of Sept. 21, 2010:116
Original median list price:$630,000
Current median list price:$586,750
Current average list price:$663,510
Average Days on Market:135
Offering Seller Assistance:2.6%
Green Certified Homes:2
% of all detached inventory:2.0%

Areas 140-162 - Rio Rancho

Active listings as of Sept. 21, 2010:897
Original median list price:$199,000
Current median list price:$189,900
Current average list price:$233,812
Average Days on Market:109
Offering Seller Assistance:12.3%
Green Certified Homes:19
% of all detached inventory:15.4%

Area 170 - Bernalillo/Algodones

Active listings as of Sept. 21, 2010:75
Original median list price:$315,000
Current median list price:$298,000
Current average list price:$437,262
Average Days on Market:139
Offering Seller Assistance:12.0%
Green Certified Homes:3
% of all detached inventory:1.3%

Area 180 - Placitas

Active listings as of Sept. 21, 2010:109
Original median list price:$525,000
Current median list price:$495,000
Current average list price:$547,797
Average Days on Market:155
Offering Seller Assistance:0.9%
Green Certified Homes:2
% of all detached inventory:1.9%

Area 210-293 - East Mountains

Active listings as of Sept. 21, 2010:485
Original median list price:$298,000
Current median list price:$285,000
Current average list price:$370,722
Average Days on Market:144
Offering Seller Assistance:8.9%
Green Certified Homes:7
% of all detached inventory:8.3%


Areas 690-760 - Valencia County

Active listings as of Sept. 21, 2010:524
Original median list price:$190,000
Current median list price:$184,950
Current average list price:$238,084
Average Days on Market:141
Offering Seller Assistance:8.4%
Green Certified Homes:6
% of all detached inventory:9.0%
Source: Southwest MLS, Inc.  Information deemed reliable but not guaranteed.

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