Placitas NM Real Estate Report for August 2010

By
Real Estate Agent with eXp Realty

Here is a summary of Placitas NM real estate activity for August 2010.

Total Sales: 5
High Sale: $470,000
Low Sale: $250,000
Average Sales Price: $369,400
Median Sales Price: $390,000
Average Days on the Market: 344 days

Currently there are 109 Placitas NM Homes for Sale. There are 68 3-bedroom homes, 50 4 bedroom houses and 88 Scenic Homes for Sale in Placitas NM.

There are only a small handful of  distressed properties for sale in Placitas. Out of the 109 available homes only 2 are bank owned homes and only 8 are short sales. That means that, like Corrales, less than 10% of the available homes are distressed properties. Compare that with areas in Albuquerque that have 30% distressed properties and you will appreciate that both Placitas and Corrales have been relatively unaffected by foreclosure activity.

With 5 homes closing last month and 109 homes available there is a 22 month inventory of homes on the market in Placitas.

Please check back next month for a summary of Placitas NM real estate activity in September.

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Rainmaker
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Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Lots of days on the market.  Regardless, I know things will turn around for that area eventually, and you're smart to be poised for the comeback... g

Sep 28, 2010 08:54 AM #1
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Rich Cederberg

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