Northwest Heights home sales were down in October, off considerably from last October and from last month. The average sales price appears to be holding steady, while the gap between available homes and pending homes widened.
The NW Heights covers most of zip code 87120 including Taylor Ranch neighborhood.
NW Heights Sales Tally
Here are the stats for last month:
| Total Detached Sales | 35 |
| Price Range | $120,000 to $302,671 |
| Average Sales Price | $192,329 |
| Median Sales Price | $183,000 |
| Distressed Sales | 8 |
| % Distressed | 23 |
| Attached Sales | 4 |
NW Heights Home Sales Down, Pending Sales Holding Steady
Home sales were down sharply year over year, but pending home sales were strong, pointing to the possibility of a strong November. There were 35 home sales in September 2012, down from 45 sales in October 2011. Sales were also down from August, but this is to be expected since home sales usually tend to taper off as the holidays approach.
Price Per Square Foot Holding Steady
The average price per square foot dipped slightly, but continues to hover around $100 per square foot. Over the last year it has averaged $100 per square foot; over the last 6 months $102; over the last 3 months $101.
Housing Inventory Growing
The gap between homes for sale, which was up, and homes in pending status, which were down, widened, causing the months of inventory stat to climb.
Please check back next month for more Northwest Heights real estate stats.
by Rich Cederberg, Albuquerque real estate agent. Please call or text (505) 803-5012 for more information.
Check out my Albuquerque Neighborhoods page for information about other great areas of Albuquerque.
Stats junkie? Check out AlbuquerqueRealEstateStats.com to learn more about the Albuquerque Real Estate Market.
These Northwest Heights real estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 11/06/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.
Great prices in your area, Rich! Hopefully they will stay low for buyers and grow for sellers!
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