MARKET 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
MARKET 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)
Perched on a large corner lot in the Sandia Heights this detached home is as handsome as it is immaculate. Pass through the soothing blue gate & front door to discover Scandinavian Beech hardwood in all the high traffic areas & a home absolutely flooded with natural light. With 3 living areas–family room open to the kitchen, living room & upstairs loft–there are plenty of spaces to entertain your guests & enjoy the incredible views. And what views! From the downstairs living room & upstairs loft savor the pink hued sunset cast on the Sandias or the twinkling city lights from the upstairs balcony. Some of the luxe features include a downstairs master suite w/ its own refrigerated air, a walk-in closet, double sinks, jetted tub & comfortable hot H20 baseboard heating throughout. Perfect!
MARKET WATCH!
Nestled at the end of a cul-de-sac in glorious Glenwood Hills, picture windows flood the home with light & gorgeous views. The spacious entry leads to a large living room with soaring cathedral ceilings, fireplace & hardwood floors. The gourmet kitchen has granite countertops, stainless fridge & a beautiful bay window peering out to the jungle gym & apple tree. Upstairs you will find the HUGE master suite with its own sitting room & TWO Walk-in closets! The Master Bath even has a separate jetted tub & shower. Go downstairs to find a HUGE family room and 1/2 bath to separate the festivities from the upstairs R & R. The oversized 2-car garage has a work area, & there is side RV/boat parking for the whole fleet. Don’t miss the green grass of the terraced backyard & the bite of a juicy apple!
On the corner of Aspen & Wellesley in the tree-lined Summit Park/UNM North neighborhood, this immaculate home will absolutely delight upon opening the front door. Follow the oak planks of the gleaming hardwood floors past the wood burning fireplace & formal dining room to the superbly remodeled eat-in kitchen with stainless steel appliances. On one wing of the home you will find the den that could be used as a study, exercise room or 4th bedroom, & on the other side, the master suite, the other 2 bedrooms & full bathroom which has been beautifully remodeled. The crowning jewel?: the covered patio & private backyard. The green grass begs to throw around a football or a garden party & the oversized 2-car garage with extra off-street parking allows you to invite all the guests you desire.
