Sales: The Greater Albuquerque Association of Realtors
released the statistics to us and as we do every month, I want to pull the most
important information from those reports, the highlights if you will. We will begin with the total number of sales
that were made in the month of August. Last month, a total of 1,034 homes
and condos were SOLD. That is an increase from August of last year by 139
sales. It was a slight decrease month to month, and we were expecting that, as
we see the market begin to hit that seasonal slow down.
Price Points: Maintaining our market consistency, we experienced
the majority of sales in the $250,000 and under range with 71% of sales and if
you’ve listened to my market updates before, you will notice that number is
lower than usual. That’s because of an
increase in sales in the $250,000 to $500,000 range! In the month of August, that
middle price point accounted for 28% of sales…about a 6% increase from what the
market normally experiences. For those
with upper-end homes on the market, that’s $500,000 and above, there were only about 30 sales with 6 of those being over $750,000. These numbers can be a little
discouraging for sellers. For homeowners who have a home in that upper end, I'll remind you of my famous slogan...selling a home in this market is a Price War and a Beauty Contest. If your home is not priced
based on what the market is dictating, then it simply will not sell. You need an experienced high-end professional,
like myself, to represent you in the sale of your home. You need a Realtor on your side who knows how
to interpret what the market is doing on a day to day basis to make sure your
home competes among its top competitors.
That includes being “show ready”. Simply decluttering and deep-cleaning
will do wonders for your home.
Looking to Sell? Call us today at 505-238-3272 or email cheryl@cherylmarlow.com!!!
