4 th QTR Don Martindell 2017 GAAR President QUARTERLY MARKET REPORT CONTACT QUARTERLY HIGHLIGHTS. New Listings Closed Sales Average Sale Price

Transcription

1 QUARTERLY MARKET REPORT 4 th QTR New Listings Closed Sales Average Sale Price Detached 2,977 3,113 Detached 2,467 2,313 Detached $221,456 $212,648 Attached Attached Attached $149,346 $146, % +6.66% +4.14% QUARTERLY HIGHLIGHTS The average sale price of single-family detached homes in 4th Quarter was $221,456, a 4.14% increase from 4th Quarter. Single-family detached home sales increased 6.66% from 4th Quarter to 2,467. CONTACT Don Martindell 2017 GAAR President Phone: president@gaar.com SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

2 Recap for Greater Albuquerque Area Class R1 (Existing Single-Family Detached) Class R2 (Existing Condo/Townhome Attached) Class R1 % of Change Average Sale Price: $221,456 $212, % Median Sale Price: $189,000 $180, % Total Sold & Closed: 2,467 2, % Total Dollar Volume*: $546.3 $ % New Listings: 2,977 3, % Days on Market: % Class R2 % of Change Average Sale Price: $149,346 $146, % Median Sale Price: $142,900 $133, % Total Sold & Closed: % Total Dollar Volume*: $37.5 $ % New Listings: % Days on Market: % Average Sale Price for Single-Family Detached Homes $230,000 $225,000 $220,000 $215,000 $210,000 $205,000 $200,000 $195,000 $190,000 $185,000 $180,000 $212,556 $212,648 $221, SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 2

3 Recap for Albuquerque & Rio Rancho Albuquerque (Areas ) Rio Rancho (Areas ) Class R1 % of Change Average Sale Price: $224,527 $219, % Median Sale Price: $190,000 $185, % Total Sold & Closed: 1,655 1, % Total Dollar Volume*: $371.6 $ % New Listings: 1,994 2, % Days on Market: % Class R1 % of Change Average Sale Price: $193,294 $181, % Median Sale Price: $178,500 $163, % Total Sold & Closed: % Total Dollar Volume*: $90.9 $ % New Listings: % Days on Market: % Class R2 % of Change Average Sale Price: $153,994 $152, % Median Sale Price: $145,000 $137, % Total Sold & Closed: % Total Dollar Volume*: $34.5 $ % New Listings: % Days on Market: % Class R1 % of Change Average Sale Price: $221,456 $212, % Median Sale Price: $189,000 $180, % Total Sold & Closed: 2,467 2, % Total Dollar Volume*: $546.3 $ % New Listings: 2,977 3, % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 3

4 Recap for East Mountains & Valencia County East Mountains (Areas ) Valencia (Areas ) Class R1 % of Change Average Sale Price: $255,711 $227, % Median Sale Price: $249,000 $214, % Total Sold & Closed: % Total Dollar Volume*: $29.9 $ % New Listings: % Days on Market: % Class R1 % of Change Average Sale Price: $161 $150, % Median Sale Price: $146,750 $135, % Total Sold & Closed: % Total Dollar Volume*: $22.3 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 4

5 Area Summary for Single-Family Home Sales Sales Change from Average Sale Price Change from SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Median Sale Price Change from 4th QTR 10 Sandia Heights % $420, % $389, % 20 North Albuq. Acres % $565, % $515, % 21 Albuq. Acres West % $346, % $294, % 30 Far NE Heights % $290, % $266, % 31 Foothills North % $545, % $512, % 32 Academy West % $248, % $235, % 40 UNM % $289, % $255, % 41 Uptown % $167, % $164, % 42 UNM South % $236, % $215, % 50 NE Heights % $170, % $168, % 51 Foothills South % $281, % $267, % 60 Four Hills % $320, % $320, % 70 Fairgrounds % $150, % $143, % 71 Southeast Heights % $187, % $189, % 72 Mesa Del Sol % $339, % $339, % 80 Downtown % $254, % $209, % 90 Near South Valley % $128, % $119, % 91 Valley Farms % $212, % $159, % 92 Southwest Heights % $133, % $133, % 93 Pajarito % $87, % $74, % 100 North Valley % $303, % $247, % 101 Near North Valley % $247, % $177, % 102 Far North Valley % $269, % $300, % 103 West River Valley % $372, % $381, % 110 Northwest Heights % $236, % $213, % 111 Ladera Heights % $162, % $160, % 112 Canoncito 0 N/A $0 N/A $0 N/A 120 Paradise West % $197, % $189, % 121 Paradise East % $221, % $204, % 130 Corrales % $435, % $415, % 140 Rio Rancho South % $239, % $220, % 141 Rio Rancho Southwest 0 N/A $0 N/A $0 N/A 150 Rio Rancho Mid % $182, % $161, % 151 Rio Rancho Mid-North % $229, % $200, % 152 Rio Rancho Mid-West % $129, % $130, % 160 Rio Rancho North % $211, % $195, % 161 Rio Rancho Central % $143, % $140, % 162 Rio Rancho Northwest 0 N/A $0 N/A $0 N/A 170 Bernalillo/Algodones % $213, % $191, % 180 Placitas % $403, % $388, % East Mountain Area % $255, % $249, % Valencia County % $161, % $146, % Page 5