pharaohs jessey: Corrales Real Estate - Corrales NM Homes for Sale

Monday, October 1, 2012

Corrales Real Estate - Corrales NM Homes for Sale | Albuquerque ...

The real estate stats for Corrales NM during August reflect a real estate market that has improved slightly over the last year. Home sales held steady while the average price per square foot dropped slightly. There remains an oversupply of homes for sale in Corrales, although there has been some improvement over the last year.

View the most current list of Corrales NM Homes for Sale.

Quick Real Estate Stats for Corrales NM

Here?s the rundown on home sales in August:

Total Detached Sales	9
Price Range	$210,000 to $640,000
Average Sales Price	$399,955
Median Sales Price	$391,500
Total Distressed Sales	2
% Distressed Sales	22

Home Sales Holding Steady in Corrales

The total number of home sales in Corrales has been holding steady over the past several months. 9 home sales closed during August, down one from August 2011 but the same as July 2012. The number of pending sales increased, nearly doubling last month?s total.

Corrales Home Sales in August 2012

Average Price Per Square Foot in Corrales

The graph below suggests a stabilization in the average price per square foot over the last four months. However, more months of data is needed to decided if this is truly a trend or not. Real estate stats are harder to interpret in smaller MLS areas like Corrales due to it?s smaller size.

Corrales Average Price Per Square Foot

Buyers Still Have Plenty of Homes to Choose From in Corrales

The months of home inventory stat is a great indicator of how the market feels on the street. Anything greater than 6 months of inventory suggests an oversupply of home inventory which means greater choice for buyers and longer average market times for sellers.

Corrales Home Inventory

by Rich Cederberg,?Albuquerque Real Estate Agent, 505.803.5012.

These Corrales Real Estate Stats statistics were compiled from the Greater Albuquerque Association of REALTORS?data on 09/30/2012. This data is reflective of homes which were listed on the Albuquerque MLS; private sales are not included.