Far Northeast Heights Real Estate Market Stats for June 2012

The Far Northeast Heights Area of Albuquerque is one of the most popular areas of NE Albuquerque and includes Cherry Hills, Heritage East, Heritage Hills and Tanoan neighborhoods.

View the most current list of Far Northeast Heights Homes for Sale or do a Albuquerque Home Search.

 

Far Northeast Heights Area Boundaries

The Far Northeast Heights area is east of Wyoming between Montgomery and Paseo, and west of Tramway between Montgomery and San Antonio.

View a map of the Far Northeast Heights.

 

Far Northeast Quick Market Stats

Here’s what sold last month in the Far Northeast Heights:

Total Detached Sales 39
Price Range $152,000 to $695,000
Average Sales Price $283,921
Median Sales Price $247,500
Distressed Sales  3
% Distressed  8
Attached Sales  7

 

Far Northeast Heights Schools

Here are the Albuquerque Public Schools that serve the Far Northeast Heights:

Elementary School Jackson, Okeefe, Humphrey, Osuna, Mitchell
Middle School Eisenhower, Madison
High School Eldorado, Sandia, La Cueva

 

APS Maps-Elementary, Middle and High School

 

Far Northeast Heights Homes for Sale, Homes in Pending, Homes Closed

39 homes closed in June, the same as last year, but down from last month. 46 homes were in pending status.

 

Homes for Sale, Pending and Sold June 2012

Average Price Per square foot

The average price per square foot continues to average $123 per square foot over the last 13 months, $124 per square foot over the last 6 months.

Average Price Per Square Foot Far Northeast Heights June 2012

 

Average Days on Market

The average home took 50 days to sell.

Far NE Heights Average Days on Market June 2012

 

Housing Inventory

Despite the decrease in sales, home inventory in the Far Northeast Heights remains very low.

Housing Inventory in the Far NE Heights June 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

These Far Northeast Heights Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 07/29 /2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

by Rich Cederberg, Albuquerque Buyers Broker, 505.803.5012.

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