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Rio
Rancho, Corrales, Placitas, Bernalillo, Algodones
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Rio
Rancho, with an estimated population of over 70,000, is recognized for its
affordable housing, excellent public schools, home to Intel's largest semiconductor
manufacturing facility, beautiful landscape and Northern New Mexico scenery. The Village of Corrales,
which is adjacent to the eastern edge of Rio Rancho, enjoys a more rural feel with
abundant agricultural and river properties.
Placitas
is a picturesque bedroom community in the Sandia foothills, in Sandoval County just north
of Albuquerque.
The Town of
Bernalillo and Algodones are north of Rio Rancho, straddling the Rio Grande
River and stretching north along the I-25 corridor toward Santa Fe. These areas also enjoy
a more rural setting with agricultural and river properties. |
As part of the Albuquerque Metro Area, Rio Rancho, Placitas and Corrales
share all of the wonderful cultural, recreational and educational opportunities of
Albuquerque. Recently ranked #1 on HousingPredictor's "Top 25 Real Estate Markets", #1
on Forbe's list of "Best
Places for Business and Careers" and third on Kiplinger's "50
Smart Places to Live", these areas retain their wide-open feel, low-to-no
pollution, little traffic congestion and pleasant year-round climate, with all that New Mexico has to offer.
Real Estate Search
Search the entire
Southwest MLS here (by property type, single family, multi-family,
condominiums, townhouses, manufactured housing, land, lots, acreage, farms, ranches, price
range, number of bedrooms and bathrooms, and extra features) or use the Rio Rancho Residential Area Map
or Rio Rancho Vacant Land
Area Map, which includes northern portions Bernalillo County and the City of Albuquerque and
subdivisions including High
Resort, Enchanted
Hills, Rivers
Edge, Northern
Meadows, Cabezon,
North Hills, Mariposa,
Corrales Heights and
all of Sandoval County. Don't forget that professional real estate search assistance is
also just a click away.
Rio Rancho, Corrales, Placitas,
Bernalillo and Algodones Listings by MLS Area
Houses, Homes, Townhouses, Condominiums, Vacant Land
Wednesday, July 23, 2008
Greater Albuquerque Metropolitan Residential Real Estate Rankings
Wednesday, July 23, 2008
Data provided is deemed reliable but not guaranteed.
Demand
| Demand is calculated using number of active listings and
average number of monthly closings. |
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Appreciation this Month
| Monthly appreciation compares average per-square-foot closing
prices month-to-month. |
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Appreciation this Year
| Annual appreciation compares average 90-day per-square-foot
closing prices year-to-year. |
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Affordability
| Affordability is based on average per-square-foot listing
price. |
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House Size (sq. feet)
| House Size is based on the median average square-feet per
area. |
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Lot Size (acres)
| Lot Size is based on median average acreage per area |
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House Age (years)
| House Age is based on the median average age calculated using
year-built. |
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Greater Albuquerque Residential Real Estate
Composite Statistical Market Indicators
| Date |
Monthly
Appreciation |
Annual
Appreciation |
Annual
Sales |
Supply
in Months |
| 2/28/2008 |
-1% |
-1% |
-30% |
10.9 |
| 3/3/2008 |
-1% |
-1% |
-28% |
10.7 |
| 3/9/2008 |
2% |
-1% |
-25% |
10.8 |
| 3/16/2008 |
3% |
-2% |
-26% |
11.1 |
| 3/23/2008 |
2.9% |
-3.1% |
-29.9% |
11.1 |
| 3/30/2008 |
2.4% |
-3.3% |
-27.9% |
11.5 |
| 4/6/2008 |
1.7% |
-3.2% |
-23.9% |
11.3 |
| 4/13/2008 |
1.4% |
-3.3% |
-22.8% |
11.5 |
| 4/20/2008 |
-0.2% |
-3.9% |
-24.4% |
11.9 |
| 4/27/2008 |
-1.0% |
-4.1% |
-28.7% |
12.2 |
| 5/4/2008 |
1.3% |
-3.8% |
-25.1% |
11.5 |
| 5/11/2008 |
0.9% |
-3.6% |
-24.9% |
11.7 |
| 5/18/2008 |
2.1% |
-3.7% |
-25.3% |
11.9 |
| 5/24/08 |
0.9% |
-3.7% |
-26.0% |
11.9 |
| 5/30/08 |
0.8% |
-4.1% |
-25.6% |
11.9 |
| 6/5/08 |
0.7% |
-4.4% |
-26.1% |
11.7 |
| 6/12/08 |
-0.6% |
-4.2% |
-24.9% |
11.9 |
| 6/19/08 |
-1.1% |
-4.5% |
-23.7% |
11.9 |
| 6/26/08 |
-1.1% |
-4.8% |
-24.2% |
12.7 |
| 7/2/08 |
-1.4% |
-4.9% |
-23.5% |
12.2 |
| 7/9/08 |
-1.3% |
-4.9% |
-22.5% |
11.9 |
| 7/16/08 |
-1.2% |
-5.2% |
-22% |
12.1 |
| Composite indicators are computed on the weighted (by number of listings)
median average of all Greater Albuquerque MLS areas (including Rio Rancho, Corrales,
Placitas and Bernalillo-Algonones). |
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Early
Listing Notice
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For
Buyers
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$$$. Includes active//closed listing price statistics, per-square-foot
averages and recent price trends! |
For
Sellers
Get a professional opinion of your property's value in this market. Don't rely on generic formulas or outdated estimates.
Comparables are the best estimate! |
For
Investors
Find the best investment properties and areas
with supply/demand, recent price trends, value appreciation, price margins and
listing comparisons. |
Real Estate and Economic Briefs
Rio Rancho is Top Real Estate Market - 2007
Forbes lists Albuquerque/Rio Rancho in `Top 10' for real estate, Friday,
December 22, 2006. Albuquerque's placement on the latest national list comes courtesy of
the metro area's resilient real estate market. The Duke City ranked third nationally on a
list published Thursday by Fortune magazine listing the "top 10 places to own real
estate". The Fortune report, with analysis provided by Moody's economy.com and real
estate valuation company Fiserv Lending Solutions, highlights the top markets where real
estate values are expected to rise in 2007 and 2008. Albuquerque, with a median home price
of $179,620, is expected to see home values increase by 5.9 percent in 2007, according to
the report on Fortune's Web site. Albuquerque was ranked first among cities in the western
United States.
Helpful Links
Virtual Tours
and Home Show Videos
are cool if you have a fast Internet connection.
Open House search is good if you know when you're going to be
in town.
How Much Can You Afford is a handy calculator program to help
you figure out how much you can afford to spend on a home.
The Mortgage Process is a good place to start if you have
questions on financing, need a handy mortgage calculator,
or need a home loan.
Price Comparison shows you how home prices in your city
compare to home prices here in Albuquerque.
Concierge Services are even available for home buyers and
sellers.
I've collected the following information to help you when considering or
planning a move to Rio Rancho, Corrales and Sandoval County.
Here are a few of our local news (television and newspaper)
organizations.
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