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Western Trails Estates NW Albuquerque (Market Report 01/01/12-04/01/12)

Western Trails Estates NW Albuquerque (Market Report 01/01/12-04/01/12)

Western Trails Estates is a small neighborhood on Albuquerque’s West Side built  between 2005-2006 by Richard Fuller of Fuller Homes.  

Location is excellent with easy access for commutes across the River Grand river via Montano to the North or I-40 to the South.  Petroglyph National Monument is nearly within walking distance.

For more information check out the neighborhood profile of Western Trails Estates NW Albuquerque.  

Check here to view all  Western Trails Estates NW Albuquerque home for sale.

The Western Trails Estates NW Albuquerque Market Report from 01/01/12-04/01/12 being the first quarter shows 2 homes active for sale, 1 home in Pending and 2 homes closed.

For the two homes listed for sale. Both homes are shown as “Short Sales”

  • Priced from a low $160,000 to a High $200,000
  • Average & Median price for the two homes at $180,000
  • Both homes are listed @ 1842 Sq.Ft
  • Average Days on Market 79


One home is shown in a Pending “Short Sale” status

  • Priced at $174,000 at the time of offer
  • This is a 1750 sq.ft 3 Bdrm, 2 Bath
  • Total Days on Market 138


Two homes are reported as closed in Western Trails Estates NW Albuquerque since 04/01/12

  • Low $155,000 to a High $160,000
  • Average & Median SOLD price $157,500
  • Smallest home 1484 Sq.Ft  Largest home 1957 Sq.Ft
  • Average Days on Market 20


One of the closed homes sold in just 2 days the other home was a Bank Owned or REO

At least currently Western Trails Estates seems to have its fair share of short sale inventory along with the one bank owned sale.  These home were being sold new at the height of the real estate market and likely provides some background to this trend.  In the prior year of 2011 Western Trails showed 6 total sales with no short sales, 2 REO bank owned sales and 4 normal sales.  Values overall remain steady with a slight overall drop from 2011.


View Western Trails Estates in a larger map

If you’re considering the sale or purchase of an Albuquerque or Rio Rancho home it would be my pleasure to assist you.  I am easy to remember and just as easy to find.
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Comment balloon 15 commentsJohn McCormack, CRS • April 10 2012 09:29PM

Comments

Hi John - Great market report for Western Trails Estates - it looks like a great price point for buyers willing to try a short sale, and your knowledge of the area and real estate expertise would be what they need to guide them to a successful purchase.

 

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) over 8 years ago

Hi John - moderately priced priced homes with wonderful community amenities - the Western Trails Estates sounds lovely!

Posted by Karen Hawkins, MBA - Langley & Surrey, BC (Royal Pro Real Estate Network) over 8 years ago

John -- if a buyer is patient, there may be a short sale purchase in their future at Western Trails Estates....hit while the inventory exists, we don't know what the future may bring.    

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 8 years ago

Hmmm....interesting stats report.   Actually, in spite of a very different area, those times/prices are mirrored in my region.

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 8 years ago

You do such great market reports John for the various neighborhoods around Albuquerque. Such detail too. Anyone looking can just pull up your latest information and make a good decision from there. PLUS call you : )

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 8 years ago

John, great information for those buyers and sellers and the one to call for real estate needs in Western Trails Estates NW Albuquerque.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) over 8 years ago

John really knows his area that is why so many are using his for their real estate needs.

Posted by Tim Lorenz, 949 874-2247 (TIM LORENZ - Elite Home Sales Team) over 8 years ago

Great report John!  Our homes that were new in the height of the market got hit really hard.  Glad to see things leveling off finally!

Posted by DeeDee Riley, Realtor - El Dorado Hills & the Surrounding Areas (Lyon Real Estate - El Dorado Hills CA) over 8 years ago

John, Another great market report from you this time at Western Trails Estates NW Albuquerque. We really like the format you are using!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) over 8 years ago

Home buyers should love the very affordable prices.  And, the mortgage interest rates are still at record low levels.  This spring is a wonderful time for a home purchase.

Some age 62+ seniors are using reverse mortgages to purchase a more suitable primary residence and will have no mortgage payments for life.

Posted by Roy Kelley (Realty Group Referrals) over 8 years ago

This is such an outstanding market report for potential customers John! You did a great job educating your market!

Posted by LaNita Cates (REMAX of Joliet) over 8 years ago

Hi John ..Good looking and informative market report on Western Trails Estates

 

Very easy to read and understand !

Posted by San Antonio Texas New Homes for Sale, Berkshire Hathaway HomeServices Hill Country (www.sanantoniotexasnewhomesforsale.com) over 8 years ago

Western Trails Estates sounds like another choice community for discerning home buyers in NM! Excellent reporting, John.

Posted by William True, Sarasota Real Estate (True Sarasota Real Estate) over 8 years ago

John - this is a great report and you are so good at those!

Posted by Toni Weidman, 20+ Years Selling Homes in New Port Richey, FL (Sailwinds Realty) over 8 years ago

Thanks to each of you providing great feedback and insight on this Western Trails NW Albuquerque NM 87120 Market ReportWestern Trails is currently providing some excellent value opportunities for those seeking a smaller neighborhood of newer resale homes.  Give me call with any questions 505.980.4576.

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) over 8 years ago

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