Real Estate Information Archive

As one of the top real estate teams in Albuquerque, we're proud to feature some of the hotest homes for sale in the area. Check out some of our top homes for sale in Albuquerque right now! And make sure to check out our full ist of Featured Properties on our website.

231 Graceland Drive NE, Albuquerque, NM 87108

Nob Hill Charmer! Great Opportunity!!! Make this one your own or your investment property. Situated on a large corner lot, this gem features both formal and informal living areas. Recently re-finished hardwood floors, wood burning fireplace, separate dining room or office/hobby space, plus classic details throughout. Enjoy warm summer evenings under the ample covered patio. Close to shopping, UNM & UNMH, transporation!

7709 Midge Street NE, Albuquerque, NM 87109

This Charming & Inviting Single Story Home in highly sought-after NE heights neighborhood showcases an open concept & functional floorplan delivering 2 comfortable living areas and sunny dining room. This light & bright home offers skylights, cozy Kiva fireplace adorned from the spacious remodeled kitchen delivering stunning granite counters, tasteful tile backsplash, updated appliances, sink/faucet & plenty of cabinet space. This 3 BDRM home is located in La Cueva district, close to shopping, restaurants & community center. Relax and/or Entertain in the oversized backyard with extended covered patio, low maintenance landscaping includes lilac, honey suckle & rose bushes all creating pleasing environment.

8309 Rancho Paraiso NW, Albuquerque, NM

You don't want to miss this picturesque almost 1/4 acre with backyard access. This is a fabulous 4 bedrooms home. Master is on the first floor. Spacious, well appointed kitchen. Light, bright wonderful family home. Pride of ownership is apparent. Balcony with fantastic views upstairs. Sought after neighborhood with easy access to all amenities. Don't wait to see this sensational home.

9825 Greene Avenue NW, Albuquerque, NM 87114

Resort style living is the setting for this Golf course, Custom Home, Shangri-La! Backs up to the Paradise Hills Golf Course. Light, bright and open floor plan. Upgrades Galore! Including Newer appliances, Newer hot water heater (2016), Reconditioned boiler system (2012), NEW Granite counters, Tile back splash (2018), Custom lighting, All the bells and whistles. Dream kitchen is spacious with breakfast nook, pantry and bar. Sensational landscaping with rock waterfall and fish pond accenting the backyard enjoyment. Fabulous fire pit and flagstone walkways, mature trees and a gate to access the golf course! Multiple decks and patios provide 360 degree views and numerous areas for outdoor entertainment. Garage is over sized, finished, with recreational area, workshop and storage!

Check back on our blog every week for our Hot Listing of the week, along with more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

Everyone knows that the best time to sell anything is when demand is the highest for that item and the supply is low. If you plan on selling your home in Albuquerque, there’s great news.  Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to put your home on the market in Albuquerque.

Here is the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report that shows this.

REALTORS® CONFIDENCE INDEX

Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that home buying demand continued to outpace the supply of homes available in January.

The map below illustrates buyer demand broken down by state.  If you look at Arizona, you can see that buyer demand is strong in this state, which is great news is you plan on selling your home in Albuquerque

In addition to revealing a high demand for homes, the index also shows that compared to conditions in the same month last year, seller traffic conditions were strong in Arizona.

That shows that demand for housing continues to be strong, but supply is struggling to keep up, and this trend is likely to continue throughout 2018.

THE EXISTING HOME SALES REPORT

The most important data revealed in the report was not sales but was instead the inventory of homes for sale (supply). The report explained:

• Total housing inventory rose 4.1% from December to 1.52 million homes available for sale.
• Unsold inventory is 9.5% lower than a year ago, marking the 32nd consecutive month with year-over-year declines.
• This represents a 3.4-month supply at the current sales pace.

According to Lawrence Yun, Chief Economist at NAR:

“Another month of solid price gains underlines this ongoing trend of strong demand and weak supply. The underproduction of single-family homes over the last decade has played a predominant role in the current inventory crisis that is weighing on affordability.”

There’s a guideline that often applies in Albuquerque Real Estate; when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see appreciation. Between 6-7 months is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and should expect depreciation in home values.

As mentioned earlier, there is currently a 3.4-month supply, and houses are going under contract fast. The Existing Home Sales Report shows that 43% of properties were on the market for less than a month when sold.

In January, properties sold nationally were typically on the market for 42 days. As Yun notes, this will continue unless more listings come to the market.

“While the good news is that Realtors in most areas are saying buyer traffic is even stronger than the beginning of last year, sales failed to follow course and far lagged last January’s pace. It’s very clear that too many markets right now are becoming less affordable and desperately need more new listings to calm the speedy price growth.”

Inventory of homes for sale is still well below the 6-month supply needed for a normal market and supply will ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.

If you plan on selling your home in Albuquerque, now is the time.  You can find out what your home is worth in Albuquerque with our home valuation website ValueMyAlbuquerqueHome.com.  You can also follow us on Facebook for the latest real estate news in Albuquerque. And always feel free to call us at 505-980-2999 to speak with an experienced agent.

HOT HOME LISTING OF THE WEEK!

5243 Foothills Trail NE, Albuquerque, NM  $798,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3156 Square Feet

Gated community of the Wilderness! Casual elegance abounds in this Scott Patrick Gold Package custom home. Tons of features include Oversized great room w/stacked stone fireplace, wall of windows! Gourmet kitchen has custom island, pantry, gas cooktop, custom cabinetry, Sub Zero fridge, Wolfe double oven. Private Master Suite on its own wing! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Are you planning to buy a home in Albuquerque and have kids in school? Then no doubt you want to find the right home near the best schools in Albuquerque.  You certainly don’t want to end up regretting buying your home if it turns out that the school you live near isn’t right for your child.

You may think that your real estate agent can show you all the best schools in Albuquerque. But they can’t. Fair housing laws have been enacted that prevents agents from recommending schools.  Why? It was discovered that some agents in recent years have been labeling schools as "bad" to swing the sales of homes toward more affluent neighborhoods. So it’s a good thing that agents in general aren’t allowed to recommend schools. That means that you as a parent should research the best schools in Albuquerque for your children. After you find a school you think would best suit your children’s needs, then your agent can help you find the right home near that school.

There are at least 3 questions you should ask when finding the right school in Albuquerque.

What school will you child attend?

Sure this may seem obvious, and that’s why some people forget to ask it. There are dozens of schools in the Albuquerque Public School district, so that means you have a lot of schools to choose from. Their website has a great deal of information about schools in Albuquerque that should be useful in finding a good school.

What are the numbers?

Even though numbers don’t provide a complete perspective, they are a great place to start. You can find helpful ratings and scores on websites such as GreatSchools.org and Niche.com. They use test scores, reviews, and other factors to rate the best schools in a given area.

What about reputation?

If you know people in the area you want to move to in Albuquerque, ask them what they know the schools in the area. You might even meet with the principal of a school to get an even closer look, presuming you can make such an arrangement. See if they can give you a tour of the school with your child present.  Look at class sizes.  Is the library well stocked? What does your child think about the school? These are great indicators to look for.

Finding the right school and the right home for sale in Albuquerque is worth the effort.  Once you do find a great school for your child, let us help you find the right home near that school.  Our powerful search tools can help you find homes for sale near the schools of your choice in Albuquerque.  Also make sure to take advantage of our Home Buyer Listing Alerts to get automated alerts of homes as they hit the market. And you can always feel free to call us at 505-980-2999 to speak with an experienced agent.

HOT HOME LISTING OF THE WEEK!

10 Tres Amigos Road, Placitas, NM  $399,000

3 Bedrooms/ 2 Bathrooms (2 full, 0 partial) / 2200 Square Feet

This stunning Placitas Custom Home offers a secluded .97 AC Sanctuary w/breathtaking views. Open & spacious floorplan featuring a dramatic entry way into a cozy living space. Warm & inviting property in a highly sought-after location. Fabulous access to hiking & biking.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

There's never been a better time to find an amazing home in Albuquerque and Placitas. Our top Hot Properties feature custom luxury amenities, beautiful landscapes, all in great neighborhoods.  Take a look at what our top Hot Properties have in store for you!

8100 Via Alegre NE, Albuquerque

This one-of-a-kind custom Medditerranean home features custom crafted gates, knotty aldre entry, beamed ceilings and n extraordinary chef's kitchen. There's pleny of room for all your toys and cars in the oversized garage.

Check out the details and amazing photos!

10 Cinco Circle, Placitas

Enjoy the extraordinary views from this spacious home, featuring 5 bedrooms, 2 living areas, and more.  Treat your guests to the upstairs bed with en suite bath.  Entertain in style with the spacious kitchen that opens into the great room.  And there's plenty of room for the wine with the built-in wine fridge that holds 400 bottles!

Check out the details and amazing photos!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Every year, US News & World Report comes out with their list of 100 Best Places to Live in America, and Albuquerque made the cut at #74! They base their ranking on quality of life, job market, and people's desire to live here. So it's really no surprise Albuquerque made the list, considering all that this great city has to offer. It's an area rich in culture and natural beauty. Albuquerque's economy and artistic community attracts new residents from all over.

There's so much to do in Albuquerque - art galleries, historic sites, the Albuquerque BioPark's zoo, museums. And don't forget the food! There is an enormous array of food to suit any taste. The wineries and breweries of Albuquerque are also known around the country.

And if you want to enjoy the great outdoors, no problem! Albuquerque Parks & Recreation has a whole host of great parks to keep you busy. There's a neverending list of things to do, such as golfing, swimming, walk through stunning open spaces, playing with your kids in the playground, ride a hot air balloon, shoot some targets, kayaking on the Rio Grande, you name it!

Learn more about what makes Albuquerque one of the best cities in America to live on our Albuquerque New Mexico Real Estate & Information page, as well as search for your dream home.

HOT HOME LISTING OF THE WEEK!

12105 Pocono Road SE, Albuquerque   $239,000

3 Bedrooms/ 2 Bathrooms/ 1790 Square Feet

Exceptional single story home built in 2013!  Light, bright & open great room w/fireplace, beautiful tile flooring thru out.  Spaciously designed kitchen complete w/stunning countertops/backsplash.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

These Hot Properties in Albuquerque offer an amazing amount of bang for the buck! Whether you want tons of space or amazing views, either one of these homes is exactly what you’re looking for.  Take a look at all they have waiting for you.

5013 LA BAJADA ROAD NW, ALBUQUERQUE

When they say “location, location, location”, they’re talking about this contemporary stunner with amazing views of the Sandia Mountains, Bosque and City Lights! This bright and open home features a huge living room where you can enjoy the amazing views from the balcony. Or you can relax in the oversized back yard with covered patio – a perfect area for entertaining guests.

There’s so much more to see! Check out the property detail page for more info and photos!

8409 MESA TOP ROAD NW, ALBUQUERQUE

If you’re looking for a home with plenty of space, then this is the ideal solution.  With 4 beds and 3 baths spread over 3025 sq feet, you’ll have plenty of room for the whole family to sprawl out. And there’s a huge kitchen with center island just waiting to be used to entertain guests.  And you’ll be close to schools, parks, and a community pool.

And that’s not all! Check out the property detail page for more info and photos!

Check back on our blog every week for more hot properties!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team