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Albuquerque Real Estate

Albuquerque Real Estate February 2018 Market Watch

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10420-Princess-Jeanne-NE-Albuquerque-Real-Estate-Sugar-TeamMARKET WATCH!  In February 2018 the Median Sale Price for single-family, detached homes rose significantly 4.1% from this time last year to $194,500 and the Average Sales Price .8% to $225,342. The overall inventory of detached homes for sale decreased 18.2% to 2,613, the number of closed sales increased 5.6% to 693, and the number of homes to go under contract (“pending”) increased a whopping 22.4% to 1,142.   The Absorption Rate (number of months it would take to sell the current housing inventory) dropped 25.7% to continue to give us a Seller’s market of 2.6 months (6 months is equilibrium).  The Average Days on the Market came down 10.8% to a paltry 56 days.  (GAAR)

The Sugar Team is proud to have just placed a delightful new home on the market, located at 10420 Princess Jeanne Avenue NE.  The location couldn’t be more ideal, as it is situated on a residential street in the North East Heights, close to all the best restaurants and businesses.  Contact Sutter (505) 850-9977 for a private tour!

Linda and Sutter

Albuquerque Real Estate January 2018 Market Watch

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2704-Espanola-NE-Albuquerque-NM-87110-Albuquerque-Real-Estate-The-Sugar-TeamMARKET WATCH!  In January 2018 the Median Sale Price for single-family, detached homes rose 1.1% from last year to $187,500 and the Average Sales Price increased .6% to $217,679. The overall inventory of homes for sale decreased 17.6% to 2,671, the number of closed sales increased 7.6% to 721, and the number of homes to go under contract (“pending”) rose 28.7% to 1,037.   The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 22.9% to give us a Seller’s market of 2.7 months (6 months is equilibrium).  The Average Days on the Market was down 6.5% to 58 days.  (GAAR)

Albuquerque Real Estate December 2017 Market Watch

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5300-Alberta-NE-Rio-Rancho-NM-87144MARKET WATCH!  In December 2017 for single-family detached, homes New Listings decreased 7.3% from last year, the Median Sale Price rose 2.1% to $193,900 and the Average Sales Price increased 3.9% to $230,180.  The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 22.2% to give us a Seller’s market of 2.8 months (6 months is equilibrium).  The Average Days on the Market was 54.  (GAAR)

We at The Sugar Team are super-pumped with our move to Q Realty.  We also have some new listings coming, including one in Antoine Predock’s community masterpiece La Luz!

Now is a great time to list your home.  Call (505) 850-9977 or (505) 301-8902 and ask us why.

Linda and Sutter

Albuquerque Real Estate February 2017 Market Watch

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711-Tramway-PL-NE-35-Albuquerque-NMMARKET WATCH!  In February 2017 the Median Sale Price for single-family, detached homes rose 6.6% from last year to $186,500 and the Average Sales Price increased 6.8% to $223,104. The number of new listings dropped a whopping 10.7% from this time last year and the overall inventory decreased 22.6% to a measly 2,849 listings.  The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 28.6% to give us a Seller’s market of 3 months (6 months is equilibrium).  The Average Days on the Market was 66.  (GAAR)

Shortly, The Sugar Team will be bringing you two new homes on the market, one in UNM Area-Netherwood Park, and the other nestled in the Foothills in High Desert.  Stay tuned!  We are very excited!

Linda and Sutter

Albuquerque Real Estate January 2017 Market Watch

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711-Tramway-PL-NE-35-Sandia-Heights-Albuquerque-Real-EstateMARKET WATCH!  In January 2017 the Median Sale Price for single-family, detached homes increased 7.2% from last year to $185,000 and the Average Sales Price rose 3.1% to $218,488. The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 24.4%, continuing to show us a Seller’s market of 3.1 months (6 months is equilibrium).  The Average Days on the Market was only 62.  The overall inventory of detached homes for sale continues to drop, coming down 20.3%. (GAAR)

Exciting upcoming events include Century 21 Unica’s annual Barking Lot Sale where all proceeds go to Animal Humane New Mexico (March 4th starting at 8AM).  Come on by to donate items which we can sell to help Animal Human or sell your own wares (and rent a table from us!).

The Sugar Team

Albuquerque Real Estate December 2016 Market Watch

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Albuquerque-Real-Estate-Sugar-Team

 

MARKET WATCH!  In December 2016 the Median Sale Price for single-family, detached homes was up 8.6% from last year to $190,000 and the Average Sale Price rose 7.8% to $222,115. The Absorption Rate (number of months it would take to sell the current housing inventory) decreased 25.6%, showing a robust Seller’s market of 3.2 months (6 months is equilibrium).  The Average Days on the Market was only 59.  The overall inventory of detached homes for sale dropped a whopping 20.9%. (GAAR)

What does this all mean to you?  The bottom line is there is a scarcity of listings, values are going up, and NOW is the absolute best time to put your home on the market!

Thank you all for making 2016 The Sugar Team‘s best year yet and helping us become the most successful Century 21 team in the state of New Mexico!

Linda and Sutter

Albuquerque Real Estate October 2016 Market Watch

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910-Forrester-NW-Albuquerque-Real-Estate-The-Sugar-TeamMARKET WATCH!  In the month of October 2016 the Median Sale Price for single-family, detached homes is up 3.3% from October 2015 to $189,000 and the Average Sale Price has come up 2.7% to $218,532.  The Absorption Rate (number of months it would take to sell the current housing inventory) has declined 21.6% to only four months (6-months is equilibrium) and the Average Days on the Market also is down to only 54 days which is 8.5% faster than this time last year. The overall inventory of detached homes has dropped significantly by 17.1% (GAAR)

What does all this tell us?  Thanks to continuing low unemployment, inventory and mortgage rates–although rates went up right after the election–now really makes this the perfect time to either put your home on the market and/or buy a new one.

And what would be a better Thanksgiving gift?…[this is a rhetorical question]…REAL ESTATE!

Joking aside, the absolute best Thanksgiving gift is being surrounded by friends and family during this time of year, creating wonderful food and memories for many years to come.  Don’t forget to spread the cranberry sauce…and the love!

Warmly,

The Sugar Team

Albuquerque Real Estate October 2015 Market Watch

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5420-Camino-Montano-NE-Albuquerque-Real-EstateMARKET WATCH!  In the month of October 2015 the Median Sale Price for single-family, detached homes was up 5.71% from last year to $185,000 and the Average Sale Price inched up to $216,252.  Home Sales was 835, up 10.16%.  The Absorption Rate (number of months it would take to sell the current housing inventory) continues to favor Sellers at 4.72 (6-months is equilibrium) and the Average Days on the Market continues to be down to only 59 days.  (GAAR)

We don’t know about you, but this is The Sugar Team’s favorite time of year.  The leaves turn color to a beautiful burnt orange, the temperature starts to drop, making it more comfortable to slip under those warm covers, and the aroma of pumpkin pie fills the air.

Happy Thanksgiving!

Linda and Sutter

Albuquerque Real Estate June 2015 Market Watch

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2302-El-Nido-NW-Albuquerque-Real-EstateMARKET WATCH!  In the month of June 2015 the Median Sale Price for single-family, detached homes was up 5.99% from last year to $190,788 and the Average Sale Price was up 6.01% to $226,337.  Closed Sales was 984, up 23%.  The Absorption Rate (number of months it would take to sell the current housing inventory) still shows a slight seller’s market of 5.44 and the Average Days on the Market was 56.  (GAAR)

However, the number of Active Listings (homes on the market) was 4,089 down 17.18% from last year.  If you are thinking of putting your home on the market, now is the time before the school year starts.  Contact The Sugar Team for a free Comparative Market Analysis and find out how much you could make from selling your home!

Linda and Sutter

Albuquerque Real Estate February 2015 Market Watch

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1906-Saturn-CT-NE-Albuquerque-NM-87112MARKET WATCH!  In the month of February 2015 the Median Sale Price for single-family, detached homes was $169,000 and the Average Sale Price was $199,196.  Pending Sale (homes that went under contract) was 921, up 16.14% from this same time last year.  The Absorption Rate (number of months it would take to sell the current housing inventory) continues to favor Sellers at 5.19 and the Average Days on the Market was also down to 73.  (GAAR)

According to real estate studies the best time of year to sell your home is mid-March to mid-April because it is when you sell your home the fastest and for the most amount of money.  So, what are you waiting for?!  Contact The Sugar Team (505) 850-9977 to get a free Comparative Market Analysis to find out NOW what your home is worth.

Linda and Sutter