Fairgrounds Area Real Estate Market Stats for July 2012

The Fairgrounds Neighborhood of Albuquerque is the most affordable areas of Albuquerque east of the Rio Grande. Many of the homes in the area are older and are handyman specials. This is a great area to find a fixer upper.

See a current list of Fairgrounds Homes for Sale or search the entire city of Albuquerque for homes for sale.

 

Fairgrounds Area Quick Market Stats

Here’s what sold last month in the Fairgrounds Area:

Total Detached Sales 8
Price Range $82,000 to $273,900
Average Sales Price $160,150
Median Sales Price $162,500
Distressed Sales 0
% Distressed 0
Attached Sales 3

Fairgrounds Homes for Sale, Homes Sold and Pending Sales

Eight homes sold in July 2012, down from nine in July 2011 and up from June 2012. There were 14 pending sales.

Homes Sold vs Homes for Sale in July 2012

Average Price Per Square Foot

The average price per square foot has averaged $84 per square foot over the last year and $87 per square foot over the last 6 months.

Average Price Per Square Foot July 2012

 

Average Days on Market

House listings are taking 98 days to sell on average.

Average Days on Market July 2012

 

Housing Inventory

The supply/demand ratio returned to a more normal number.

 

Months of Home Inventory July 2012

 

Please CALL or TEXT me at (505) 803-5012 for more information on this neighborhood or any other Albuquerque Neighborhoods.

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

by Rich Cederberg, Albuquerque Real Estate Agent, 505.803.5012.

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