Wednesday, July 18, 2012

Homes near Nob Hill, Albuquerque

A lot of times, when people think of homes for sale in Nob Hill Albuquerque, they tend to think older "fixer uppers" that cost an arm and a leg.  This usually ends their dream of living in one of the homes in the UNM area.  In fact, there are several homes in the surrounding area that are quite affordable and I recently have had the privilege of listing such a home on 5000 Palo Alto, Albuquerque, for $255,000.

The features of this home are -

1 story
1944 square feet
One car garage (two car tandem)
Original wood flooring
Kitchen opens to newer living area w/fireplace
3 bedroom
2 full bathrooms
Newer windows
And Very, Very Clean!

Enjoy the video!

by Tim Fish

Wednesday, July 11, 2012

Affordable homes in great areas of Albuquerque!

I recently took a great listing in a fun little area of Albuquerque.  The home is located in an Uptown neighborhood in Albuquerque.  This area is near several great shopping areas including the infamous Uptown Albuquerque.  This outdoor shopping area contains an Apple store, Bebe, Williams Sonoma, California Pizza Kitchen and several other great shops.  It really is a great outdoor shopping experience!

The home is a 3 bedroom, 1 full bathroom on a BIG lot.  It is approximently 1520 square feet and very, very clean! Listed at only $150,000. Check out the video below!

Thanks for watching!

by Tim Fish

Sunday, July 8, 2012

The Numbers Don't Lie!!

The Real Estate Data from FHFA is interesting to say the least! I logged into the site and downloaded their current report and found out that their numbers are from conventional purchase and refinance appraisals across the country. According to their numbers,the USA seasonally adjusted house price index for the Q1 2012 was up .48% from the same quarter one year earlier. Doesn't seem like much to shout home about does it? Well, it is a big deal when you see that this .49% increase actually represents a 3.05% increase over Q4 2011! Also this number is the first positive increase in the national price index since Q2 2007!! What about Albuquerque? Albuquerque MLS has experienced a -15.6% annual appreciation since Q2 2007. We are not out of the woods just yet but we have been growing in the right direction for the last 2 Quarters! There are roughly 2836 residential properties for sale in Albuquerque as of 5.19.12. According to the Greater Albuquerque Association of Realtors, there has been 1549 closings Q1 2012. If this were the end of the first quarter it would indicate less than two month's supply of homes available!! Based on the above stats, it seems that the supply is beginning to reach a critical point which will lead to rising home prices. In other words: Now is the best time to buy or relocate to Albuquerque!!

by Tim Fish

Friday, July 6, 2012

Big City vs Small City

My family and I recently visited Chicago, the third largest city in the US. It got me thinking, could I live in a big city? First of all, forget driving. There is no way I'd want to compete for road space with all the taxi drivers. The fact that everything is in walking distance or a cab ride is pretty cool. There were times I encouraged my kids to walk long distances in an effort to save the cab fare. My cheapness would probably get me in great shape.

Actually the walking would help offset all the eating. Big cities like Chicago have some fantastic restaurants. You can get just about any kind of food at any time of day. My wife's favorite was the Italian Beef sandwiches and mine was the pizza. Normally I don't like deep dish, but this was crispy and so delicious.

The "Magnificent Mile" sure lives up to it's name. Every store you could imagine is there and some you never would have thought of. From the very expensive Tiffany's and Saks Fifth Avenue to Old Navy. The highlight for me was seeing Kelsey Grammer and his very pregnant wife shopping in a high end luggage store. He made a purchase, I didn't.

Now let's compare housing prices found in the Albuquerque MLS. You can get a condo in the downtown area for a few hundred thousand and up to several million. These look like apartments, stacked one on top of another with no yard. No thanks! Let's just say, your real estate dollar here in the Albuquerque Real Estate Market buys you a heck of a lot more. Albuquerque relocation would be as easy decision for me!

First of all, I like to drive and do not want to rely on someone else to take me places. Pizza in Chicago was good, but Dions pizza with green chile is better. The shopping was fabulous, but there is nothing I need that I can't get from our stores here or on-line. The bonus is I avoid the 9.5 percent sales tax. The big difference is I like open spaces, mountain views, and the quietness of small town life. Albuquerque is just big enough.

by Tim Fish