Albuquerque Real Estate February 2014 Market Watch

by The Sugar Team on March 27, 2014

412-Wellesley-DR-SE-Nob-Hill-Albuquerque-Real-EstateMARKET WATCH!  In February 2014 the number of single-family detached sales increased 1.5% from the previous year.  The Median Sale Price was up to $169,000 and The Average Sale Price was $198,483.  And the Average Days on the Market was 83.  (Greater Albuquerque Association of Realtors)

The Sugar Team has revamped its Website.  Take a look at www.TheSugarTeam.com  It has more of a crisp, modern look and is much friendlier to mobile devices.

Let us sweeten your move!

Linda and Sutter

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Albuquerque’s Neighborhood Drive-by–Nob Hill

by The Sugar Team on March 25, 2014

A young lady shops for a “cute” skeleton mask in preparation for the upcoming Día de los Muertos celebration.  Across the street aNob-Hill-Albuquerque-Real-Estate teenage boy sifts through racks of pants, looking for the perfect pair of vintage jeans.  A university professor conducts a seminar with some graduate student about Don Quixote over a delicious pint of IPA craft beer.  A few blocks down the road an older couple celebrates their 50th wedding anniversary over a caprese salad and handmade, prosciutto-filled ravioli.  All this activity and it’s only Thursday!  This can only be described as the typical setting you will find in the Nob Hill neighborhood, Albuquerque’s shopping, social, gastronomical and intellectual epicenter.

Developed in the 1920’s and located along Albuquerque’s old Route 66, Nob Hill attributes its hip and cool atmosphere to its proximity to the University of New Mexico, historic Spruce Park and RidgecrestNob-Hill-ABQ-Real-EstateLocated in the heart of the city, Nob Hill’s borders are roughly defined by Lomas to the North, Garfield to the South, Washington to the East and Girard to the West.  Because of its convenient location and ideal mixture of commercial and residential properties many describe Nob Hill as one of the only walk-able neighborhoods in town.

Due to its cultural draw tourists choose Nob Hill as their prime destination when visiting Albuquerque.  And when homebuyers look to purchase real estate in Albuquerque they inevitably look to Nob Hill as a solid investment.

Nob Hill’s real estate data truly speaks for itself.  Going back a year and analyzing the data as of March 23, 2014 for detached ABQ-Nob-Hill-Real-Estatesingle-family homes the Average Sales Price was $266,253 the Average Price per Square Foot was $169.02 and the Average Days on the Market was only 57.  Compare those numbers to the entire Albuquerque Area where the Average Sales Price was $209,931 the Average Price per Square Foot was $103.21 and Average Days on the Market was 85 (Greater Albuquerque Association of Realtors®).

Distinguishing itself from homes in other parts of town, Nob Hill properties project pure character.  Here is where you can you find gleaming hardwood floors, sultry coved ceilings and crackling wood burning fireplaces.  To wit, The Sugar Team is offering a gorgeous home located on 412 Wellesley DR SE in the heart of Nob Hill.  Watch the Virtual Tour to truly enjoy its character:

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On a personal note, The Sugar Team has a deep, close connection with Nob Hill.  I graduated from the University of New Mexico inNob-Hill-Real-Estate 1999 and lived right on Jefferson while going to grad school.  I biked or walked to UNM every day as I didn’t have (nor needed) a car.  Presently, all of my favorite Albuquerque restaurants are located right in the neighborhood, whether I’m in the mood for Italian, French, Greek, Thai, Vietnamese, Venezuelan or Pub food.  ¡Viva Nob Hill!

Nob Hill Useful Links:

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412 Wellesley DR SE, Albuquerque, NM 87106–Nob Hill Pueblo

March 20, 2014

Nestled on a quiet residential street in the heart of Nob Hill, this perfectly remodeled pueblo showcases all the right improvements without losing any vintage charms.  The front door reveals gorgeous hardwood floors, coved ceilings and wood-burning fireplace, all flooded in natural light. This home has wonderful flow & can easily be made into a […]

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Albuquerque Real Estate January 2014 Market Watch

February 28, 2014

MARKET WATCH!  In January 2014 the single-family detached sales prices increased 9.48% from the previous year’s average and 6.27% from the previous year’s median.  Home sales also rose 12.29% from the previous year.  The Median Sale Price was $167,900 and The Average Sale Price was $203,687.  And the Average Days on the Market was still […]

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Why is Now the Right Time to Install Solar Panels?: an Albuquerque Realtor® Perspective (1 of 2)

February 20, 2014

I opened my electric bill a couple of weeks ago and my mouth just about dropped open…the bill was for $351.37!!!  And only a month ago it was over $370.00!!  I realized right there and then drastic action had to be taken if we were going to continue to afford our utility bills for our all-electric […]

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Albuquerque Real Estate December 2013 Market Watch

January 23, 2014

MARKET WATCH!  In December 2013 the single-family detached sales prices increased 9.14% from the previous year’s median and 4.13% from the previous year’s average.  Home sales also rose 7.91% from the previous year.  The Median Sale Price was $185,000 and The Average Sale Price was $219,909.  Finally, the Average Days on the Market was 70.  […]

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Albuquerque Real Estate September 2013 Market Watch

October 25, 2013

MARKET WATCH!  In September 2013 single-family detached home sales increased 17.80% from the previous year.  The Median Sale Price was $177,500 and The Average Sale Price was $212,307.  Finally, the Average Days on the Market was only 63.  (Greater Albuquerque Association of Realtors) But more importantly, do you smell the pumpkin pie?  We sure do!  […]

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8613 Horacio Place NE Albuquerque, NM 87111–4-Bedroom Castle in the Heights!

October 10, 2013

Not a home, but a castle.  Architecturally majestic 4-bedroom located in an established & quiet neighborhood delights from head to toe.  Open the robust front door to reveal an expertly designed floor plan with 2 living areas and formal dining room.  The upstairs private master suite with bathroom & 4th bedroom is the perfect getaway…it […]

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Albuquerque 2013 Balloon Fiesta Photo Blog

October 8, 2013

 

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521 Alvarado Dr NE, Albuquerque, NM 87108–Graceful Brick Beauty!

September 25, 2013

Graceful Brick Home. Conveniently located close to Nob Hill, UNM, Uptown & just 2 blocks from Fox Memorial Park, this superb home showcases all the amenities for pure comfort & any lifestyle. The updated kitchen w/ robust, concrete countertops, refrigerated air, 2 wood-burning fireplaces, wood floors & huge sunroom all ensure tasteful luxury. The huge […]

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