Paradise East Report Nov 2012

 

Paradise East home sales were considerably improved over last year and slightly improved over last month. The average price per square foot continues to hold steady and the months of home inventory stat dropped during November.

Click here to view homes for sale in Albuquerque’s Paradise East neighborhood.

Search for homes in other Albuquerque Neighborhoods.

 

Paradise East Real Estate Fast Stats

Here’s what happened last month:

Total Detached Sales 24
Price Range $130,000 to $326,000
Average Sales Price $190,390
Median Sales Price $171,450
Distressed Properties 8
% Distressed 33
Attached Sales 1

Paradise East Sales Up in November

Home sales were both year over year, nearly doubling. In November 2012 there were 24 closed sales as compared ti 12 sales in November 2011. Sales were up from October as well. Pending sales held steady from October to November.

Paradise East Home Sales Stats November 2012

Average Price Per Square Foot

The average price per square foot has fluctuated widely over the last year. Looking at the year as a whole, however, it has held very steady. Over the last 13 months , $95, over the last 6 months, $95, and over the last 3 months, $95.

Paradise East Average Price Per Square Foot November 2012

Months of Home Inventory

The months of home inventory stat moved back down with the increase in sales and the decrease of inventory.

Paradise East Months of Home Inventory November 2012

View more Albuquerque real estate stats.

These Paradise West Real Estate stats were compiled from the Greater Albuquerque Association of REALTORS®data on 12/17/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

Paradise East Real Estate Stats for August 2012

 

Here’s my Paradise East real estate report for August 2012. After the best month in over a year, home sales returned to more normal levels. The average price per square foot was up significantly, matching the peak over the last year at $100.

Click here to view homes for sale in Albuquerque’s Paradise East neighborhood.

Search for homes in other Albuquerque Neighborhoods.

 

Paradise East Real Estate Fast Stats

Here’s what happened last month:

Total Detached Sales 29
Price Range $118,000 to $530,000
Average Sales Price $190,334
Median Sales Price $173,000
Distressed Properties 8
% Distressed 28
Attached Sales 0

Home Sales Down in August

After a strong July, home sales were back down in August. 29 homes closed, the same as this time last year, but down from last month. Pending sales were down sharply as well.

 

Paradise East Real Estate Stats August 2012

Price Per Square Foot Spikes

The average price per square foot spiked up to $100. That’s the highest it’s been in nearly a year. The price per square has been erratic, but it has averaged $95 over the last year and $96 over the last 6 months.

 

Paradise East Real Estate average price per square foot August 2012

Home Inventory is Shrinking

Decreased home sales caused the months of inventory stat to move back up. The area has experienced a rebalancing of inventory over the last year as the graph below demonstrates.

 

Paradise East real estate months of home inventory August 2012

It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home. Please check back next month!

View more Albuquerque real estate stats.

These Paradise West Real Estate stats were compiled from the Greater Albuquerque Association of REALTORS®data on 10/17/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

Paradise East Real Estate Market Stats for July 2012

 

It was the best month over the last year for home sales in Albuquerque’s Paradise East MLS area. Sales were up considerably from last year, and home prices held steady while home inventory shrank.

To view homes for sale in Paradise East, click here.

 

Quick Stats for Paradise East

Here’s last month’s sales activity:

Total Detached Sales 34
Price Range $107,000 to $410,000
Average Sales Price $204,064
Median Sales Price $197,000
Distressed Properties 11
% Distressed 32
Attached Sales 0

 

Area Schools

Good schools are important to a neighborhood whether you have school age children or not. You may want to research these Paradise East public shools.

Elementary Schools Sierra Vista, Sunset View, Ventana Ranch
Middle Schools James Monroe
High Schools Cibola

APS Maps-Elementary, Middle and High School Use the APS School Locater Tool to check any address

July Was a Strong Month for Home Sales

34 homes sold in July 2012, up considerably from 23 in July 2011. Home sales were up from last month as well. 36 houses were in pending status, the highest number of pending sales over the last year.

Homes for Sale vs Homes Sold July 2012

 

Average Price Per Square Foot is Holding Steady

The average price per square foot continues to average $95 over the last year and $94 over the last 6 months.

Average Price Per Square Foot

 

Home Inventory is Shrinking

The increase in homes sales created a very competitive market in the area during July. There were less than 4 months of home inventory available for purchase.

Months of Home Inventory

 

It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home.

These Paradise West Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 09/17/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

Paradise East Real Estate Stats for June 2012

Here are my monthly real estate Albuquerque MLS Area 121 Mapstatistics for Albuquerque’s Paradise East. Paradise East includes the neighborhoods Paradise Hills, Stonebridge, Tuscany, Seven Bar Ranch, Congress Heights, Knolls of Paradise, Las Marcadas, and Richland Hills.

Click here to view NW Albuquerque Homes for Sale. View all Albuquerque Homes for Sale.

Paradise East Quick Stats

Here’s what sold in Paradise East:

Total Detached Sales 27
Price Range $71,250 to $303,295
Average Sales Price $197,946
Median Sales Price $190,000
Distressed Properties 11
% Distressed 41
Attached Sales 0

 

Paradise East Area Schools

These are the public schools that serve Paradise West:

Elementary Schools Sierra Vista, Sunset View, Ventana Ranch
Middle Schools James Monroe
High Schools Cibola

APS Maps-Elementary, Middle and High School Use the APS School Locater Tool to check any address

Paradise East Closed and Pending Home Sales

27 homes sold in June 2012, down from 29 in June 2011 but up from 21 in May 2012. 24 houses were in pending status.

Homes Sold vs Homes for Sale June 2012

Average Price Per Square Foot

The average price per square foot continues to average $95 over the last year.

 

Average Price Per Square Foot June 2012

Home Inventory

Homes for sale increased, but so did home sales. The inventory stat continued to reduce. This is good news for home sellers in northwest Albuquerque.

 

Home Inventory June 2012

It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home.

These Paradise West Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 08/14/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

Paradise East Real Estate Stats for May 2012

Here are my monthly real estate statistics for Albuquerque’s Paradise East. Paradise East includes the neighborhoods Paradise Hills, Stonebridge, Tuscany, Seven Bar Ranch, Congress Heights, Knolls of Paradise, Las Marcadas, and Richland Hills. Click here to view NW Albuquerque Homes for Sale. View all Albuquerque Homes for Sale.

Paradise East Quick Stats

Here’s what sold in Paradise East:

Total Detached Sales 21
Price Range $189,000 to $240,000
Average Sales Price $209,933
Median Sales Price $190,000
Distressed Properties 4
% Distressed 19
Attached Sales 0

 

Paradise East Area Schools

These are the public schools that serve Paradise West:

Elementary Schools Sierra Vista, Sunset View, Ventana Ranch
Middle Schools James Monroe
High Schools Cibola

APS Maps-Elementary, Middle and High School Use the APS School Locater Tool to check any address

Paradise East Closed and Pending Home Sales

21 homes sold in May, down from last May, about the same as last month. 29 houses were in pending status.

Albuquerque Real Estate Market Stats for May 2012

 

Average Price Per Square Foot

The average price per square foot continues to average $95 over the last year.

Albuquerque Real Estate Market Stats for May 2012

 

Home Inventory

Home inventory remains below the 6 month level.

Northwest Albuquerque Real Estate Market Stats for May 2012

 

It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home.

These Paradise West Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 06/30/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

Paradise East Real Estate Stats for April 2012

Here are my monthly real estate statistics for Albuquerque’s Paradise East. Paradise East includes the neighborhoods Paradise Hills, Seven Bar Ranch, Stonebridge, Tuscany, Seven Bar, Congress Heights, Las Marcadas, and  Richland Hills. Click here to view NW Albuquerque Homes for Sale. View all Albuquerque Homes for Sale.

Paradise East Quick Stats

Here’s what sold in Paradise East:

Total Detached Sales 20
Price Range $151,000 to $319,500
Average Sales Price $221,493
Median Sales Price $212,000
Distressed Properties 3
% Distressed 15
Attached Sales 0

 

Paradise East Area Schools

These are the public schools that serve Paradise West:

Elementary Schools Sierra Vista, Sunset View, Ventana Ranch
Middle Schools James Monroe
High Schools Cibola

APS Maps-Elementary, Middle and High School Use the APS School Locater Tool to check any address

Paradise East Closed and Pending Home Sales

20 homes sold in April, virtually the same as last year and last month. 23 houses were in pending status.

Real Estate Stats Paradise East April 2012

Average Price Per Square Foot

The average price per square foot continues to average $94 over the last year.

Real Estate Stats for Albuquerque's Paradise East MLS Area April 2012

Home Inventory

Homes sales held steady but more homes came on the market causing the months of inventory stat to increase.

Real Estate Stats Paradise East MLS Area April 2012

It’s important to be aware of market conditions whether you are looking to buy or sell an Albuquerque Home.

These Paradise West Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 06/05/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

All content by Albuquerque Real Estate Agent Rich Cederberg, 505.803.5012, unless otherwise noted. eXp Realty, (505) 750-1846.