Here's my monthly real estate report for Stonebridge Subdivision in Northwest Albuquerque.
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Stonebridge Home Sales
There were 2 closed sales in Stonebridge during September. Both of the sales were bank owned sales.
Here are the stats on the 2 homes that sold:
|Sq Feet||Beds||Baths||Cars||Acres||Builder||Cooling||Sale Price
||$ Per Sq||DOM||Short Sale||Bank Owned||Financing|
|2200||4||3 (3 0 0)||2||0.13||Centex||Evap||149,800||68.09||35||NO||YES||FHA|
|2518||4||3 (2 0 1)||2||0.15||Unknown||Evap||185,000||73.47||80||NO||YES||FHA|
Baths (Full, 3/4, 1/2)
DOM=Days on the market
$ Per Sq=Price per square foot
Type=REO (Real Estate Owned or bank owned)
Stonebridge Homes for Sale
Currently there are 12 Stonebridge Homes for Sale. 5 are regular sales, 1 is a bank owned home and 6 are short sales.
12 homes on the market and only 2 closed homes this month means there is a 6 month inventory of homes in Stonebridge. This is what the National Association of Realtors calls a balanced market. It's neither a sellers market or a buyers market. However, over half of the Stonebridge houses for sale are distressed properties which will have an effect on home values.
Stonebridge Community Park and Pool is centrally located in the neighborhood and the houses in Stonebridge are very close to the New Rio Rancho Presbyterian Hospital.