Friday, January 28, 2011

Springtime real estate activity

Personally, I love everything about spring. The green, new growth, the warmth in the air and summer fun right around the corner! And this year it seems to mean a little more than in the past few years for Albuquerque Real Estate. Realtors seem to be abuzz with the idea that the market will continue to slowly, but surely, tick up more than the following year. I think the entire country would love to see it!

I keep hearing time and time again from buyers wanting to buy Albuquerque homes for sale and that they are going to wait for spring to roll around before they get serious about purchasing a home. O.K., I can understand that. But are there advantages to buying now? You better believe it!

The inventory for Albuquerque Homes for sale is high and interest rates are LOW! That is what we know right now at this very minute. Will inventory increase in the spring? Probably. Will competition for buying Albuquerque Real Estate increase as well? Yes. Seems logical. Will interest rates increase...and increase...and increase? All signs point to yes.

A Realtor can not tell you what to do, and he/she shouldn't (if they are trying to tell you what to do, find another! Buying a home should not be taken lightly!). We can only advise. My advice would be to consider buying before the spring rush. But if you do wait, be ready for a little competition and possibly multiple offer situations accompanied with rises in interest rates.

by Tim Fish

Friday, January 21, 2011

Things are looking up in Albuquerque!

The Albuquerque metro area has mirrored the national trend for sales of previously owned homes!
Closings leaped from 469 closings in November to 505 closings for December 2010. The median price of existing, detached houses was $178,000. This was a slight increase of $1,000 from November 2010. It should be noted that the median price (the price at which 1/2 the homes are above and 1/2 the homes are below) is considered the most accurate because it is less affected by activity at either end of the market.
Other good news regarding the Albuquerque Real Estate market is that when compared to 2009, the median price for Albuquerque homes for sale increased year over year for the 4th consecutive month, and the average price increased year over year for the sixth consecutive month!
2010 was the lowest point for closed sales in Albuquerque for a number of years, but the sales activity seems to be gaining momentum so far in January 2011.
If you are planing to buy a property, I would get in the market as quickly as possible to possibly avoid the springtime rush.

by Tim Fish

Tuesday, January 18, 2011

Advantages to Selling Albuquerque Real Estate ;)

One of the advantages to selling Albuquerque Real Estate is finding the cities great little secrets before the word gets out. One secret that I was let in on over the past holiday season was an excellent microbrewery located in the downtown area of Albuquerque called 'Marble Brewery'.

If you aren't looking for Marble, you will drive right past it. The building itself is a very humble one story, cinder block structure with a patio in the front and the interior is very cozy with warm tones. Behind the bar you can admire the mash-kettle tanks and all the beautiful equipment they use to brew the ales on site (must be a guy thing but I think its neat to see!

Marble offers several micro brews as smooth or as hoppy as you want.

The ales range from a smooth, very drinkable "Wild Flower" wheat to an oatmeal stout, to a double IPA for the hardcore hops lovers! Marble also was just recognized in Draft magazines top 25 beers of the year for their barrel aged specialty Belgium ale. I highly recommend it!

Bottom line, I loved Marble and I especially loved that I got to spend some quality time with a few buyers that I helped find Albuquerque homes this past year.
I love my job!

by Tim Fish

Wednesday, January 5, 2011

Our New Albuquequerque Real Estate Website!

Check us out!

We have a brand new website, and what we think is the absolute BEST search tool we've ever seen. You'll find big, bright photos, information by neighborhood, a complete list of Albuquerque Foreclosures, and more to come. Our Albuquerque MLS is so big, we felt like we needed a better way to present it and to help our potential buyers in finding the perfect home.

You can now search for all Albuquerque real estate, as well as Corrales real estate, Rio Rancho real estate, and any of the other surrounding areas.  Check it out and let us know what you think!

If you signed up to have new listings sent to your email from our old site, we're afraid you'll have to cancel that and sign up again on the new one.  But you'll like it so much better it's worth the trouble!  We look forward to talking to everyone we've helped before, and all the new clients we meet soon!  Thank you for choosing us as your Albuquerque Realtors!