In February, a total of 604 homes and condos were sold. That's an increase in sales from the 585 homes and condos that sold in January. Last month we also saw a healthy increase in pending sales. There were 999 contracts written on homes and condos. This gave us positive momentum going into March.
Sales By Price: When talking about price points, month after month we can pretty much bet on 74 to 75% of sales to be under that magic $250,000 mark. For the last two months that percentage has jumped. In January we saw nearly 79% of sales under $250,000. In February that number was almost 80%. Buyers are really looking in that affordable range. 17% of home sales were between $250,000-500,000 and just 3% were over $500,000. Our market continues to maintain consistency when it comes to what price ranges are selling.
Sales By Area: Last month Placitas saw just a half of a percent of all detached sales with only 3 homes sold. The East Mountains saw only 4% of the total sales. With those kinds of numbers, it is imperative for sellers to select an experienced Realtor who knows the market and how to price your home, and market it correctly. And with this beautiful weather we've been seeing, you can expect a huge influx of inventory in the Albuquerque area over the next couple of months. That's only going to create more competition and is all the more reason to hire a professional. A team like mine willmarket your property correctly and get you the exposure you need in order to sell your home before that other house in the neighborhood sells.... and help you to net more money.
Let our team help you today!!
Call us at 238-1000 or email cheryl@cherylmarlow.com!
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