Far Northeast Heights August 2012

After three strong months home Albuquerque MLS Area 30sales in the Far Northeast Heights declined in August. The average price per square foot continues to be up slightly and has been holding steady for the last three months. Home inventory is on the rise, although it is still within manageable levels.

To view Far Northeast Heights homes for sale click here.

 

Quick Stats for the Northeast Heights

Here’s what sold last month in the Far Northeast Heights:

Total Detached Sales 31
Price Range $130,000 to $521,000
Average Sales Price $281,204
Median Sales Price $257,050
Distressed Sales  1
% Distressed  3
Attached Sales  16

 

Home Sales Declined in August

31 homes closed in August 2012, the same as last August, but sales were down from the last three months. 30 homes were in pending status.

 

Homes for Sale, Pending Sales, Homes for Sale August 2012

Average Price Per Square Foot Holding Steady

The average price per square foot appears to be stabilizing, averaging $125 per square foot over the last 6 months compared to $123 per square foot over the previous 6 months.

Average Price Per Square Foot August 2012

 

Housing Inventory on the Climb

The months of inventory stat is on the climb. This stat is important because it depicts what the market feels like out there on the streets.

Months of Home Inventory August 2012

 

Written by Albuquerque Real Estate Agent Rich Cederberg. Please call or text (505) 803-5012 for more information or to receive a complimentary market analysis for your home.

These Far Northeast Heights real estate stats were provided by the Southwest MLS on 09/19/2012.

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