Northeast Heights Real Estate Market Stats for July 2012

The Northeast Heights MLS area is a small MLS Area 50 Mapportion of what most Albuquerque residents refer to as the “northeast heights.” Albuquerque MLS area 50 is between Tramway and Wyoming and Montgomery and Central and includes the Eldorado Heights, Holiday Park, Heritage East and Princess Jeanne neighborhoods to name a few.

View the most current list of Northeast Heights Homes or search for Albuquerque Real Estate.

 

Northeast Heights Quick Stats

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

Total Detached Sales 51
Price Range $80,000 to $287,00
Average Sales Price $155,555
Median Sales Price $142,500
Total Distressed Sales 15
% Distressed Sales 27
Attached Sales 4

 

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

54 homes closed in June, up slightly from last year but down from last month. 62 homes were in pending status.

Homes for Sale vs Homes Sold

 

Average Price Per square foot

The average price per square foot remains stable in the Northeast Heights this year. It has averaged $93 per square foot.

 

 Average Price Per Square Foot July 2012

Average Days on the Market

It took 63 days for the average northeast heights home to sell in June.

 

 Average Days on Market July 2012

 

Housing Inventory

Home inventory remains low in the northeast heights. Homes are selling reasonably fast and prices appear to be stable.

 

 Housing Inventory

 

 

by Albuquerque Real Estate Agent Rich Cederberg, 803-5012, Venture Realty Group, 255-5609.

 

These Northeast Heights Real Estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 09/06/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

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