Here’s my monthly real estate report for Corrales NM.
Corrales December Home Sales
There were 7 closed sales in Corrales during December. One of the sales was a foreclosure home, the other 6 sale were regular sales.
Here are the stats on the 7 homes that sold:
Average Square Footage: 2,330
Price per Square Foot: $200
Days on the Market: 82
Average Sales Price: $458,193
Corrales Homes for Sale
Currently there are 113 Corrales NM Homes for Sale. There are 46 3-bedroom houses, 34 4 bedroom homes and 70 homes with one or more acres.
There are only a small handful of distressed properties for sale in Corrales. Out of the 113 available homes only 7 are bank owned homes and 14 are short sales. That means that less than 10% of the available homes are distressed properties. Compare that with areas in Albuquerque that have 30% distressed properties for sale and you will appreciate that Corrales has been relatively unaffected by foreclosure activity.
113 homes available with only 7 homes closing last month means that there is over a year’s worth inventory of homes. It’s still a buyer’s market in Corrales!
About Rich Cederberg
Albuquerque real estate agent Rich Cederberg sells Albuquerque homes for sale including single family homes, townhomes and condos in the Albuquerque Metro Area for eXp Realty. Call him at (505) 803-5012.
