Academy West Market Report for July 2011

Albuquerque’s Academy West area is bounded by Montgomery and Paseo, and I-25 and Wyoming.

13 Homes in sold in the neighborhood during July ranging in price from $40,000 to $288,000 and averaged $198,385.

Academy West Homes for Sale vs Homes Sold

Home sales were down in July but pending sales were up, suggesting a blip in the otherwise improving real estate market in the area.

 

Academy West Homes for Sale vs Homes Sold

Academy West Average Sales Price

The average sales price looks to have normal ups and downs over the last year, averaging $104 per square foot.

 

Academy West Average Sales Price

Academy West Supply/Demand Ratio

Inventory jumped in July as many new listings hit the market and sales were slow. Expect this number to decrease next month as the high number of pending sales close.

Academy West Housing Inventory

See a current list of Academy West homes for sale, check out my Academy West Resources for more information about the area or search for other Albuquerque Real Estate. View a Map of the area.

 

These statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 08/26/2011. This data is reflective of homes which were listed on the MLS; private sales are not included.

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