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July 2011 Market Report
Monthly Highlights
homes in July 2011 was $178,000, the highest
level since December 2010.
percent from the previous year.
2011 the third consecutive month there has been a
month-over-month increase in homes going under
contract.
The Numbers continue to stay positive for home sales in our area which is matching my positive attitude and my mantra “Now is a great time to buy a home”!
Enjoy the Positive numbers provided by our local realtor’s association.
June Monthly Highlights
contract in June stayed above 900 for the third
month in 2011 and rose 28.12 percent from the
previous year.
for the sixth consecutive month.
4.52 percent and the median sale price increased
0.91 percent from the previous month.
Click Here for the full report.
This is a great time to sell. We are in the peak season for buyers to be looking. Also with record low interest rates, all of the new government tax breaks for 1st time buyers and the fact that buyers are realizing that it is a great time to buy, the time is now to sell your home. Take advantage of the summer months which is real estate’s biggest season.
Activities in and around Albuquerque are very eclectic. From the many art galleries, cultural events, and musical events to the many outdoor offerings, you are able to experience everything from the casual activity to the upscale event in our fine city.
Albuquerque is always bustling with a wide variety of special events. During any given week you'll be able to choose from cultural festivals, art exhibits, craft fairs, theater performances, sporting events and more. The best way to find the event for you is to visit this website:
http://upcoming.yahoo.com/search/?loc=Albuquerque%2C+NM&quick_date=next_30_days&sort=r
You will be able to sort through by week, month and year so you can mark your calendars and not miss a thing.
I have helped thousands of families relocate in and out of the Albuquerque area. The first thing I offer to all of my potential relocation clients is my “Everything You Want to Know About Albuquerque” kit. It is a wonderful overview of our fine city and is packed with information regarding our market, various areas, maps, website listings, homes available etc. It is a very informative tool to start out with. After you review the kit and we talk about your home buying criteria, I like to email a search of listings to review so we can narrow down your preferences even more. A fabulous tool is my website at www.sandipressley.net and www.sandipressley.com. There is a link to the city of Albuquerque too. You will find a great deal of information about our market and the city in general. The more I can educate you regarding our market prior to your arrival it insures that your house hunting experience with the Sandi Pressley Team will be the best real estate experience you will ever have.
We bring positive news and excitement over the just held Coldwell Banker Legacy Awards ceremony. Coldwell Banker Legacy continues to dominate the Albuquerque real estate market! Their sales volume exceeded the total of the top 6 brokerage firms combined!
Here is the great news!! The Sandi Pressley Team swept the company’s Top Awards!
This further proves that no other team in Albuquerque has Successful Sales & Marketing like the Sandi Pressley Team!
Cutting edge marketing and Sandi's “servant heart” philosophy are two of the key reasons I was awarded #7 in the Nation for Coldwell Banker recently at the National Business Conference held in San Antonio March 1st – 4th, 2009. I not only had the honor of being recognized as ranking 7th in the Nation for having sold the most homes but also I had the enormous privilege of being asked to speak at the opening general session. Moderated by Ashley Banfield from FOX News, I was able to speak to over 2000 fellow Realtors about ways to succeed in this challenging market.
Before you file your taxes this year, don't forget about the $7500 tax credit for first-time home buyers, which was enacted by the 2008 American Housing Rescue and Foreclosure Act. Designed to help stimulate interest in the housing market, this temporary provision provides a first-time home buyer (someone who hasn't owned a home in the last three years) a tax credit of up to $7500 for homes purchased between April 8, 2008 and July 1, 2009. Basically the tax credit, which must be repaid over 15 years, is an interest-free loan from the government to help you offset the costs of home ownership.
But here's the best part. The law allows qualified taxpayers to take the credit against either their 2008 or 2009 taxes. This means, if you qualify, you can buy a house this year before July 1st and receive the credit on the 2008 tax returns you're filling out right now. Imagine having an extra $7500 in cash to pay bills or credit cards or even pay for renovations on your new home. If you choose to utilize the credit on your 2009 returns, your tax professional can help you reduce income tax withholding up to the amount of the credit. This will help you to increase your take-home pay throughout the year to save money for a down payment for a qualified purchase before July 1st.
ps. there are certain income restrictions and rules for repayment, but please give me call today to learn more about this valuable government program for first-time home buyers.
Do you want some good news! I know we all do! There has never been a better time in history to buy real estate. Did you know that interest rates are down to 5.5% fixed!! This is historically a 40 year low. In my 30 year career as a real estate agent there has never been such a combination of low home prices, historically low interest rates and fantastic inventory here in
Warmest Regards,
Your Dedicated Realtor,
Sandi
Ps. Please call me at 505-980-2999 to discuss with you personally your great opportunities!
Displaying blog entries 781-789 of 789
