Far Northeast Heights September 2012

Far Northeast Heights home Albuquerque MLS Area 30sales continued their normal seasonal decline in September. Prices appeared to be holding steady, which is a positive sign at this time of year. Pending home sales were up considerably while the number of active listings declined.

To view Far Northeast Heights homes for sale click here.

 

Far Northeast Heights Market Numbers

Here are the sales from the Far Northeast Heights during September:

Total Detached Sales 25
Price Range $169,000 to $875,000
Average Sales Price $322,732
Median Sales Price $257,900
Distressed Sales  0
% Distressed  0
Attached Sales  10

 

Decline in Home Sales Continues

As expected, home sales are tapering off as we approach the winter holidays. Home sales were down considerably from last month and from last year. Pending home sales were up considerably, and this could possibly be good news for the October sales numbers. We’ll have to wait and see.

Far Northeast Heights Home Sales September 2012

 

Average Price Per Square Foot Holding Steady

The average price per square foot has stabilized nicely over the last four months, averaging $130 per square during that time. That’s up from $124 per square foot over the last year. It’s not unusual to see prices start to diminish as we pass the peak of the real estate season. To see this stat holding steady during this time is a positive sign.

Average Price Per Square Foot Far Northeast Heights September 2012

Housing Inventory on the Climb

The actual number of homes for sale last month did not increase, but when you compare the number of available listings to the number of pending  sales which was down, the months of available inventory stat grew.

 

Far Northeast Heights Months of Home Inventory September 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 10/31/2012.

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