This month’s Corrales real estate stats 
are somewhat disappointing. Total sales were up from last year, but the average price per square was down and home inventory levels increased sharply.
Not familiar with Corrales NM? It’s a beautiful area located along the banks of the Rio Grande which features everything from manufactured homes to SW Contemporary homes.
See a current list of homes for sale in Corrales NM.
Corrales Real Estate Stats
Here’s the details on what sold last month in Corrales:
| Total Detached Sales | 7 |
| Price Range | $199,900 to $740,000 |
| Average Sales Price | $375,557 |
| Median Sales Price | $350,000 |
| Distressed Sales | 1 |
| % Distressed | 17 |
| Attached Sales | 0 |
Corrales Homes Sales Down
There were 7 closed home sales in November 2012, up from 4 sales in November 2011 but down from 11 sales in October 2012. Home sales normally taper off this time of year as Christmas approaches and this year appears to be no different.
Average Price Per Square Foot
Just when it looked like the average price per square foot was stabilizing, in November the stat bottomed out at $135 per square. The drop was not caused by distressed sales, only one sales was distressed.
Housing Inventory
The decrease in sales last month caused the months of home inventory stat to jump up sharply. There is now over a year’s worth of home inventory on the market in Corrales.
Please CALL or TEXT me at (505) 803-5012 for more information on this neighborhood or any other Albuquerque Neighborhoods.
by Rich Cederberg, Albuquerque Real Estate Agent, 505.803.5012.
These Corrales NM Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 12/08/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.
