For the month of October the Albuquerquemetro area continues to see market conditions that favor the home Buyer. In the Ventana Ranch area there are 324 homes for sale with the average
list price being $208,612
and the average sales price of $195,906
424 homes have sold in the Ventana Ranch area since the beginning of the year. Sellers can expect their single-family home will take an average of 82 days to sell.
The Absorption Rate, which measures how long it will take to exhaust or sell our current supply of housing inventory is at 9.16 months. A six month supply is traditionally considered an average market. The Supply-Demand /Ratio is currently at 10.75 active listings available for each Buyer in the Albuquerque metro area.
For complete Albuquerque market statistics go to
For the month of October the Albuquerque area continues to see a market that favors home Buyers. Our listing inventory for the Taylor Ranch area for detached homes is just under 300 homes, giving Buyers a large selection.
The average listing price is $295,925.
The average selling price is $239,727.
The absorption rate which measures how long it will take to exhaust or sell our current supply of housing inventory is at 9.16 months for the Albuquerque area. A six month supply is traditionally considered an average market. The Supply-Demand Ratio for October was at 10.75 homes available for each Buyer in Albuquerque.
Sellers in the Taylor Ranch area are experience an average of 92 days on market to sell their single-family homes.
For complete market statistics for the Albuquerque area
go to my web site
This is the rate at which homes are absorbed by the market. By measuring the number of homes in inventory and the number of homes sold, we can estimate how long it will take to sell homes currently available.
Today there are 320 homes available in the Taylor Ranch area. Since January 1, 2008 through August 31st we have sold 241 homes which gives us an absorption rate of 30 per month in our neighborhood and over a 10 month inventory of homes on the market, if homes continue to sell at the same rate - and assuming no new listings become available. Homes are continuing to sell in Taylor Ranch, but the listing inventory is drastically out of synch with the number of buyers. In order for any property to sell under these circumstances, it MUST be priced right! Over priced homes don't stand a chance! They will languish on the market for month after month and, as prices are forced lower by market conditions, homeowners will have to make price cuts later, possibly far below today's "right" price.
Ladera Golf Course - located at 3201 Ladera Dr. is a challenging city-owned course, with the longest playing yardage of any of the other city courses measuring over 7,000 yards from the championship tees. Uniquely designed in natural terrain, and nestled at the foot of the volcanoes in the Ladera community with great views of the Sandia Mountains. Ladera also features pratice facilities, a driving range and a restaurant.
Desert Greens Golf Course - Located at 10033 Country Club Ln. in Paradise Hills on the Westside of Albuquerque. This is a privately owned 18 hole public course featuring tree lined fairways and some of the finest practice facilities in the state. Both courses are located in "golf course communities" where your family can easily walk or bike to play golf.
The near perfect climate of Albuquerque makes for a golfing paradise be it January or June.
For information on properties in either one of these golfing communities please go to my website MyAgentMax.com or give me a call.
Let's Talk Real Estate!
I first came to know Mimmo's by way of a friend who introduced to the place. The owner, it turns out, is from Italy and the manager is from New York City, an awesome combo. While looking like just another casual pizza joint from the outside, inside you find a great relaxed atmosphere and the best eats on the Westside and Taylor Ranch. No stuffy self-importance of some the places in Albuquerque, nor the canned taste of others, just great home-style Italian cooking.
The pizza, the best in town, tastes nothing like you'll find anywhere else in Albuquerque. Just a little slice of heaven. Great food, quality service and atmosphere, you can't go wrong with an evening at Mimmo's. Kids are welcome and the seating is accommodating. You'll feel right at home.
Enjoy!
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Proudly serving Albuquerque's Westside. Taylor Ranch, Paradise hills, Ventana Ranch, and the Ladera areas. Work with the Realtor who knows these communities like none other.
There are many reasons why people choose Albuquerque as the place to call home. For many it's the fascination with the wide array of cultures that come together in this one place. For others it may be the many varieties of exciting outdoor activities that make up much of Albuquerque's way of life, January or June. Whatever the reason, they know that life here in the land of enchantment is more than a lifestyle. It's a style of life.
As a real estate professional here since 1986 I use my experience, expertise and resources to help you experience this Albuquerque style for yourself. I understand that Albuquerque is more than just a place to live, it's an attitude. With my local knowledge and personal insight I will help you develop a clear picture of how Albuquerque can meet your real estate needs and goals. My understanding of this area and the nature of Albuquerque's marketplace allows me to satisfy the unique requirements of home buyers and sellers alike.
While I can tell you all you need to know about the Westside marketplace or how to get the most for your investment, I pride myself on really listening to your needs, then going out and meeting those needs.
It is my goal to display professionalism above reproach in each transaction. The blending of my experience and knowledge, with the sophisticated tools, technology and strength of RE/MAX, assures you the competitive edge in today's real estate market.
I market homes and land in this unique community on the Westside of Albuquerque. This area offers an abundance of neighborhoods to meet any need. If you want to find a home in the trendy area of Corrales and High Resort or a luxury home in Los Ranchos De Albuquerque, to the great new subdivisions in Taylor Ranch, Paradise Hills, Ventana Ranch and Ladera Heights, I can help you. I pride myself in being able to discuss these areas with you. We have homes from Pueblo to Contemporary, Territorial to Brick Ranch style. New homes and quality resales, Albuquerque's Westside offers them all.
Some information you may be interested in:
http://members.abqrealtors.com/hs/stats-2008_oct-report.pdf
Albuquerque Map and Virtual Tour
Albuquerque International Balloon Fiesta
"Ordinarily I say "thanks a million" but in your case that would not begin to cover it! We will never forget all your help." Rachel & Dixon Rich
"Thank you once again for all of your efforts on the sale of our old home and purchase of the new one. When you sold our first home five years ago, we were impressed with your honesty and professionalism. We were pleaded to see these qualitites have not changed! Working with you in the last transaction was a wise one and we'll gladly use your services for any future needs. Thanks for making it happen!" Eric, Jackie & Stuart Campbell
"Max you were very helpful and informative on all the properties I was interested in. You were dependable & honest throughout the home buying processs and I will recommend you to anyone." Nick Black
"Thank you so much for the way you guided us through the process of selling our home. You did an outstanding job marketing our home, and answering our questions. You were always there for us at every step of the process. You were not only very professional but your integrity was beyond reproach. May our Lord continue to bless you." Gus & Diana Suarez
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