- Closed sales for detached single-family homes in February are up 7.89 percent from the previous year and up 12.95 percent from previous month.
- The median sale price for detached homes in February increased 1.06 percent from the previous year. Condo/townhome sales saw the median sale price increase 8.65 percent from the same period.
- Dollar volume for single-family homes sales was at $90.3 million for February 2011, up 6.60 percent from the previous year.
Showing posts with label Market Report. Show all posts
Showing posts with label Market Report. Show all posts
Tuesday, March 15, 2011
February 2011 Market Report
Thursday, March 3, 2011
Your Latest Local Market Report
Every housing market is unique. These Local Market Reports provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each downloadable report evaluates a number of factors affecting home prices, including:
- The health of the local job market
- Foreclosure rates
- Housing inventory
- Debt-to-income and mortgage-servicing-costs-to-income ratios
Monday, January 24, 2011
Wednesday, January 19, 2011
Year-End 2010 U.S. Foreclosure Market Report
RealtyTrac, a leading online marketplace for foreclosure properties, released its Year-End 2010 U.S. Foreclosure Market Report, which shows a total of 3,825,637 foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on a record 2,871,891 U.S. properties in 2010, an increase of nearly 2% from 2009 and an increase of 23% from 2008. The report also shows that 2.23% of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 2.21% in 2009, 1.84% in 2008, 1.03% in 2007 and 0.58% in 2006.Foreclosure filings were reported on 257,747 U.S. properties in December, a decrease of nearly 2% from the previous month and down 26% from December 2009—the biggest annual drop in foreclosure activity since RealtyTrac began publishing its foreclosure report in January 2005 and giving December the lowest monthly total since June 2008.
December Default notices (NOD, LIS) decreased 4% from the previous month and were down 35% from December 2009; Scheduled foreclosure auctions (NTS, NFS) decreased 3% from the previous month and were down 20% from December 2009; and bank repossessions (REO) increased nearly 4% from the previous month—thanks in part to substantial month-over-month increases in some states such as Nevada (71% increase), Arizona (52% increase) and California (47% increase)—but were still down 24% from December 2009.
Foreclosure filings were reported on 799,064 U.S. properties in the fourth quarter, a 14% decrease from the previous quarter and an 8% decrease from the fourth quarter of 2009. The fourth quarter total was the lowest quarterly total since Q4 2008.
“Total properties receiving foreclosure filings would have easily exceeded 3 million in 2010 had it not been for the fourth quarter drop in foreclosure activity—triggered primarily by the continuing controversy surrounding foreclosure documentation and procedures that prompted many major lenders to temporarily halt some foreclosure proceedings,” said James J. Saccacio, chief executive officer of RealtyTrac. “Even so, 2010 foreclosure activity still hit a record high for our report, and many of the foreclosure proceedings that were stopped in late 2010—which we estimate may be as high as a quarter million—will likely be re-started and add to the numbers in early 2011.”
Nevada, Arizona, Florida post top state foreclosure rates
More than 9% of Nevada housing units (one in 11) received at least one foreclosure filing in 2010, giving it the nation’s highest state foreclosure rate for the fourth consecutive year despite a 5% decrease in foreclosure activity from 2009. Nevada foreclosure activity in December increased 18% from the previous month and was up 14% from December 2009. Fourth quarter foreclosure activity in Nevada decreased nearly 7% from the previous quarter but increased 19% from the fourth quarter of 2009.
More than 9% of Nevada housing units (one in 11) received at least one foreclosure filing in 2010, giving it the nation’s highest state foreclosure rate for the fourth consecutive year despite a 5% decrease in foreclosure activity from 2009. Nevada foreclosure activity in December increased 18% from the previous month and was up 14% from December 2009. Fourth quarter foreclosure activity in Nevada decreased nearly 7% from the previous quarter but increased 19% from the fourth quarter of 2009.
Arizona registered the nation’s second highest state foreclosure rate for the second year in a row, with 5.73% of its housing units (one in 17) receiving at least one foreclosure filing in 2010, and Florida registered the nation’s third highest foreclosure rate, with 5.51% of its housing units (one in 18) receiving at least one foreclosure filing during the year.
Other states with 2010 foreclosure rates ranking among the nation’s 10 highest were California (4.08%), Utah (3.44%), Georgia (3.25%), Michigan (3.00%), Idaho (2.98%), Illinois (2.87%), and Colorado (2.51%).
California, Florida, Arizona, Illinois and Michigan account for half of national total
Five states accounted for 51% of the nation’s total foreclosure activity in 2010: California, Florida, Arizona, Illinois and Michigan. Together these five states documented nearly 1.5 million properties receiving a foreclosure filing during the year despite annual decreases in the three states with the most foreclosure activity.
Five states accounted for 51% of the nation’s total foreclosure activity in 2010: California, Florida, Arizona, Illinois and Michigan. Together these five states documented nearly 1.5 million properties receiving a foreclosure filing during the year despite annual decreases in the three states with the most foreclosure activity.
A total of 546,669 California properties received a foreclosure filing in 2010, a decrease of nearly 14% from 2009 but still the largest state total. After hitting a two-year low in November, California foreclosure activity rebounded nearly 15% higher in December but was still down 18% from December 2009.
Florida posted the nation’s second biggest total in 2010, with 485,286 properties receiving a foreclosure filing—a 6% decrease from 2009. Florida foreclosure activity in December hit the lowest monthly level since July 2007, down 22% from the previous month and down nearly 54% from December 2009.
A total of 155,878 Arizona properties received a foreclosure filing in 2010, a 4% decrease from 2009 but the third biggest state total for the third straight year. Arizona foreclosure activity in December jumped nearly 31% higher from a 32-month low in November, but was still down nearly 33% from December 2009.
Illinois posted the fourth biggest state total, with 151,304 properties receiving a foreclosure filing in 2010, and Michigan posted the fifth biggest state total, with 135,874 properties receiving a foreclosure filing during the year. Foreclosure activity in both states increased about 15% from 2009.
Other states with 2010 totals among the 10 biggest in the country were Georgia (130,966), Texas (118,923), Ohio (108,160), Nevada (106,160), and New Jersey (64,808).
RISMEDIA
Tuesday, January 11, 2011
December 2010 Market Report for Albuquerque Areas
- Closed sales for detached single-family homes in the month of December climbed to 505, up 7.68 percent from the previous month.
- Pending home sales for December show an increase of 13.45 percent from the previous year.
- The median sale price for single-family detached homes saw a year-over-year increase for the 4th consecutive month. The average sale price for the same homes shows a year-over-year increase for the 6th consecutive month.
Monday, December 13, 2010
November 2010 Market Report for Greater Albuquerque
• Closed sales for detached single-family homes in the month of November were at 469, up 2.85 percent from the previous month. This is the first time since 2005 there has been a positive increase in home sales from October to November.
• The median sale price for single-family detached homes saw a year-over-year increase for the 3rd consecutive month..
• NEW CHART on page 9. This chart identifies changes in the median and average sales prices over a ten-year period for the months of November.
Contact: Mark Pando, 2010 GAAR President, 505-249-0188
Thursday, October 28, 2010
2010 3rd Quarter Home Sales Report & RECAP for the Greater Albuquerque Area
•Homes sales for single-family detached homes in the Greater Albuquerque Market Areas are down 23.66 percent from 3rd Quarter 2009.
•When compared to 3rd Quarter 2009, 6 MLS areas in the City of Albuquerque and City of Rio Rancho saw positive increases in home sales while 7 areas saw increases in the median sales price.
Monday, October 11, 2010
September 2010 Market Report for Albuquerque and Surrounding Areas
• Pending sales for detached single-family homes decreased 28.82 percent from the previous year and are down 14.45 percent from August 2010.
• The median sale price for single-family detached home sales saw an increase of 1.72 percent in September to $183,000, when compared to the previous year.
• Active listing inventory for single-family, detached homes is at 5,759 for the second consecutive month, up 11.70 percent from the previous year.
Monday, September 27, 2010
August 2010 Market Report
Monthly Highlights
• Pending sales for detached single-family homes rose 2.13 percent from the previous month yet monthly home sales declined for the fourth consecutive month.
• The median sale price for single-family detached home sales saw a modest decline in August to $182,500, down 1.88 percent from both the previous year and previous month.
• Active listing inventory for single-family, detached homes is at 5,759, up 8.68 percent from the previous year.
Read the full August 2010 Market Report
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.
Tuesday, August 17, 2010
July 2010 Market Report
Monthly Highlights for Greater Albuquerque
• July saw a 14.06 percent decrease in pending sales and 24.22 percent decrease in closed sales, when compared to the previous year.
• The median sale price for single-family detached home sales rose in July to $186,000, up 0.54 percent from the prevous year and up 2.76 percent
from the previous month.
• Active listing inventory for single-family, detached homes is at 5,803, up 5.97 percent from the previous year.
Read the full July 2010 Market Report Thursday, July 1, 2010
2010 HOUSING REPORTS for New Mexico
Statewide figures show the number of reported sales up 25% from last month!...
Click here for the reports!
Click here for the reports!
Thursday, June 10, 2010
May 2010 Real Estate Market Report
Monthly Highlights
•731 single-family detached homes were reported sold for May 2010, the highest number of May sales since 2007.
•Compared to May 2009, detached home sales in Albuquerque are up 28.09 percent and Rio Rancho sales rose 37.08 percent from the same period.
•The median sale price for single-family detached home sales stayed at $175,000 for the 3rd consecutive
month.
Read the full May 2010 Market ReportMonday, May 10, 2010
April 2010 Market Report
Monthly Highlights
•678 single-family detached homes were reported sold for April 2010, the highest number of April sales since 2007.
•Pending home sales for single-family detached homes are up 52.03% from the previous year and increased 18.01% from the previous month. April 2010 is the 2nd month this year that pending home sales passed the 1,000 mark.
•The median sale price for single-family detached home sales held steady at $175,000 for the 2nd consecutive month.
Contact: Mark Pando, 2010 GAAR President, 505-249-0188
Read the full April 2010 Market Report Monday, April 12, 2010
March 2010 Market Report
Monthly Highlights
• March saw signficant increases in single-family detached home sales, up 36.34 percent from March 2009 and up 66.84 percent from the previous month.
• There were 1,077 Pending sales for single-family detached homes in March 2010, rising 43.98 percent from the previous year and up 38.25 percent from the previous month. This is the highest
number of Pending sales for single-family homes since June 2007.
Read the full March 2010 Market Report Thursday, February 11, 2010
January 2010 NM Market Report
Monthly Highlights
• January is the fifth consecutive month where closed sales have increased over the same month in the previous year.
• January saw 349 single-family detached home sales, up 7.72 percent from January 2009.
• Pending sales for single-family detached homes are up 29.60 percent from the previous year and
increased 55.46 percent from the previous month.
Read the full January 2010 Market Report
• January is the fifth consecutive month where closed sales have increased over the same month in the previous year.
• January saw 349 single-family detached home sales, up 7.72 percent from January 2009.
• Pending sales for single-family detached homes are up 29.60 percent from the previous year and
increased 55.46 percent from the previous month.
Read the full January 2010 Market Report
Tuesday, January 26, 2010
Tuesday, January 12, 2010
Albuquerque Area December 2009 Market Report
Monthly Highlights
• There were 543 single-family detached homes sales in December, the 9th consecutive month home
sales were above 500 in 2009.
• Rio Rancho single-family detached home sales are up 55.38 percent from December 2008.
• $175,875, the median sales price for single-family detached homes, is on the rise for the third
consecutive month.
Subscribe to:
Posts (Atom)
Posts
