Northern Meadows, Rio Rancho NM August 2013 Market Report

Northern Meadows Market Report August 2013

Northern Meadows’ Real Estate Market has had some interesting trends lately. After the number of homes for sale in the Rio Rancho Central Region (which contains Northern Meadows) dropped almost 22% from April 2013 to May 2013 to the lowest level in more than the last 15 months, the number has risen about 14% through June and July. The level is still well below the levels through most of last year and early this year. The number of sold homes in the region in July 2013 was more than double the number from July 2012. These numbers may be showing the start of a switch in the market to more of a sellers market. This is also showing in the average days on market of the homes for sale. From April 2013 to May 2013 the average number of days on market dropped almost 35% and has continued to drop through July 2013. The market shift is shown in the steady rise in the average price per square foot in Northern Meadows. The average price per square foot has risen from $75 per square foot in April to $84 per square foot in July. However, the average sale prices have been dropping lately. After reaching an average of $140,000 in May, the average sales price has dropped down to $129,000 for July. Great deals are still available in Northern Meadows, but with the market possibly shifting, you may want to act quickly before they’re gone!

For a more detailed market report, please contact me and I’ll send it right over!

 

Click to see the full report

Below are highlight properties for Northern Meadows Market Report August 2013. See more at the full report:
Highlights Photos Maps & Local Schools
Status: Active
Spruce Meadows
$167,999
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 757898
Listing Courtesy of: Primetime Realty

Status: Active
Morgan Meadows
$77,000
2 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 765632
Listing Courtesy of: Asset Solutions Realty

Status: Active
Oasis Springs
$129,000
3 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 764661
Listing Courtesy of: The Home Store Inc

Status: Active
Morning Meadows
$114,000
3-4 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 760882
Listing Courtesy of: The Real Estate Center

Status: Active
Burton Meadows
$95,900
2 BEDROOMS
1 BATHROOMS [ 1 FULL ]
LISTING MLS ID: 765510
Listing Courtesy of: Pargin Realty ERA

Status: Active
Cimarron Meadows
$124,900
3 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 (3/4th) ]
LISTING MLS ID: 764367
Listing Courtesy of: Tanya Leonard Real Estate

See the Full Northern Meadows Market Report August 2013
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Melanie Mclaughlin
Kellogg Agency Sales
505-369-0093
melsellshomes@yahoo.com












Information valid as of January 23, 2013. Please contact us for the most current information and status of these properties.

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