Northwest Heights Real Estate Report for December 2011

 

Albuquerque’s Northwest Heights area covers most of zip code 87120 and includes the popular Taylor Ranch neighborhood. There is a wide variety of homes in the area including older ranch homes, newer tract homes and some custom homes too. Area 110 has the widest variety of Albuquerque Houses in northwest Albuquerque.

Quick Stats:

Total Detached Sales 29
Price Range $120,000 to $400,000
Average Sales Price $190,893
Median Sales Price $175,000
REO Sales 1
% REO’s 3
Short Sales 4
% Short Sales 13
Attached Sales 3

 

Area Schools:

Elementary Schools  Chamiza, Marie Hughes, Tierra Antigua
Middle Schools  LBJ, Tony Hillerman
High Schools  Volcano Vista, West Mesa

 

APS Maps-Elementary, Middle and High School

Use the APS School Locater Tool to check any address

Northwest Heights Homes For Sale vs. Homes Sold

29 homes sold in December, 25 homes were in pending status.

Albuquerque Northwest Heights MLS Area 110 Twelve Month History of Homes Sales December 2011

 

Northwest Heights Average Price Per Square Foot

The average price per square foot was up slightly. The average for the last 13 months in $100 per square foot. Over the last 4 months it has dropped to $97 per square foot.

Albuquerque Northwest Heights MLS Area 110 Average Price Per Square Foot December 2011

 

Northwest Heights Supply/Demand Ratio

The significant increase in sales combined with the decrease in active listings caused the home inventory stat to decrease substantially.

 

Albuquerque Northwest Heights MLS Area 110 Months of Home Inventory December 2011

Summary

What a great month for real estate sales in Albuquerque and especially in the Northwest Heights. It looks like Savvy home shoppers wanted to take advantage of those great interest rates!

Whether you are looking to buy or sell a Northwest Albuquerque Home, it’s important to be aware of market conditions . If you are thinking of selling your home please fill out this home valuation form.

If you are considering buying a home then view my up-to-date list of homes in Northwest Albuquerque, including single-family homes and townhomes. Check out my Albuquerque Neighborhoods page for information about other great areas of Albuquerque.

 

These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 01/27/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

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