Foothills North Real Estate Market Stats for July 2012

Albuquerque’s Foothills North area contains some of the most beautiful luxury real estate available. In the foothills of the Sandia Mountains, many of the homes in the area have stunning mountain views.

View the most current list of  Foothills North Real Estate or search all Albuquerque Homes for Sale.

 

Foothills North Quick Real Estate Stats

Here’s a summary of what sold last month:

Total Detached Sales 12
Price Range $285,000 to $780,800
Average Sales Price $430,591
Median Sales Price $407,500
Distressed Sales 1
% Distressed 8
Attached Sales 2

 

Foothills North Homes for Sale, Homes in Pending, Homes Closed

11 homes closed in June, up from 7 last June and the same as in May. 9 homes were in pending status.

Homes for Sale vs Homes Sold July 2012

 

Average Price Per square foot

The price per square foot has averaged $168 over the last year.

Average Price Per Square Foot July 2012

 

Average Days on Market

The homes that sold averaged only 59 days on the market.

Average Days on Market July 2012

Housing Inventory

Home inventory increased slightly from last month but remains “normal.”

Months of Home Inventory July 2012

 

These Foothills North real estate statistics were compiled from the Greater Albuquerque Association of REALTORS®data on 09/02/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.

 

by Rich Cederberg, Albuquerque Real Estate Broker, 505.803.5012.

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