Albuquerque Northwest Heights Real Estate Report for January ...

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Albuquerque?s Northwest Heights area covers most of zip code 87120 and includes the popular Taylor Ranch neighborhood. There is a wide variety of homes in the area including older ranch homes, newer tract homes and some custom homes too. Area 110 has the widest variety of?Albuquerque Houses?in northwest Albuquerque.

Quick Stats:

Total Detached Sales	26
Price Range	$105,500 to $335,000
Average Sales Price	$191,678
Median Sales Price	$181,632
Distressed Sales	5
% Distressed	19
Attached Sales	1

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Area Schools:

Elementary Schools	?Chamiza, Marie Hughes, Tierra Antigua
Middle Schools	?LBJ, Tony Hillerman
High Schools	?Volcano Vista, West Mesa

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APS Maps-Elementary, Middle and High School

Use the APS School Locater Tool?to check any address

Northwest Heights Homes For Sale vs. Homes Sold

25 homes sold last month, 32 homes were in pending status.

Northwest Heights Average Price Per Square Foot

The average price per square foot was up slightly. The average for the last 13 months in $99 per square foot.

Northwest Heights Supply/Demand Ratio

The decrease in sales last month resulted in an increase in home inventory.

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Summary

The high number of pending sales could translate in strong numbers for the month of February. However, increases in pending sales don?t always result in a corresponding increase in home sales the following month since escrow periods, the length of time between when a house goes into pending status and when it closes can be longer than 30 days.

Whether you are looking to buy or sell a Northwest Albuquerque Home, it?s important to be aware of market conditions . If you are thinking of selling your home please fill out this home valuation form.

If you are considering buying a home then view my up-to-date list of Northwest Albuquerque Homes for Sale, including single-family homes and townhomes. Check out my Albuquerque NM Neighborhoods page for information about other great areas of Albuquerque.

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These statistics were compiled from the Greater Albuquerque Association of REALTORS?data on 02/26/2012.?This data is reflective of homes which were listed on the?Albuquerque MLS; private sales are not included.

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Related posts:

1. Northwest Heights Real Estate Report for December 2011
2. Northwest Heights Real Estate Report for November 2011
3. Northwest Heights Real Estate Report for September 2011
4. Northwest Heights Real Estate Report for October 2011
5. Northwest Heights Real Estate Stats for August 2011

Source: http://www.albuquerquerealestatebuzz.com/northwest-heights-mls-area-110/real-estate-report-january-2012/?utm_source=rss&utm_medium=rss&utm_campaign=real-estate-report-january-2012

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