Here’s my monthly real estate report for Northern Meadows in Rio Rancho. Northern Meadows is located in North-Central Rio Rancho near the new Rio Rancho city hall, the Santa Ana Star Center, the New Hewlett Packard Customer Service and Technical Support center, the University of New Mexico West campus and the UNM/Sandoval County Regional Medical Center. Read more about Northern Meadows neighborhood.
Due to overbuilding in 2005/2006 and the slow economy, the housing market in Northern Meadows has been challenging for sellers over the last several years. View Northern Meadows Homes for Sale.
Northern Meadows Home Sales in June 2012
Nine home sales closed sales in Northern Meadows during June 2012. Here are the stats on the 9 homes that sold:
|Price Range||$114,000 to $205,500|
|Ave Sales Price||$151,819|
|Median Sales Price||$149,990|
|Ave Sq Feet||1,869|
|Ave Price Per Sq Foot||$87|
|Ave Days on Market *||59/182|
*Days on market/total days on market (relisted homes)
Northern Meadows Homes for Sale
Right now there are 75 homes for sale in Northern Meadows. 46 are regular sales, 28 are short sales and 1 is a bank owned or foreclosure home.
The number of foreclosure homes on the market continues to be very low in Rio Rancho and in Northern Meadows.