by Ashley Drake Gephart on February 7, 2010
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Albuquerque Home Market Report

See the most up-to-date list of Far Northeast Heights homes for sale. If you are looking to buy or sell a home in the Far Northeast Heights, please contact me today. The Far Northeast Heights area is east of Wyoming between Montgomery and Paseo, and west of Tramway between Montgomery and San Antonio.[Map]
| Jan 2010 |
# of Homes |
Median |
Lowest |
Highest |
| New Listing |
58 |
$254,450 |
$120,000 |
$1,997,000 |
| Pending |
20 |
$251,900 |
$155,000 |
$642,000 |
| Sold |
28 |
$231,450 |
$107,000 |
$580,000 |
| Jan 2010 |
Square Footage |
Bedrooms |
Bathrooms |
| Minimum |
950 |
2 |
2 |
| Maximum |
3518 |
5 |
4 |
| Jan 2010 |
Days on Market |
Cumulative Days on Market |
| Minimum |
0 |
N/A |
| Average |
103 |
150 |
| Maximum |
300 |
N/A |
Check out Far Northeast Heights Area Resources


These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 2/05/2010. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
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[where: 87109] [where: 87111] [where: 87112]
by Ashley Drake Gephart on February 6, 2010
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Albuquerque Home Market Report

See the most up-to-date list of Albuquerque Acres West homes for sale. If you are looking to buy or sell a home in Albuquerque Acres West, please contact me today. The Albuquerque Acres West area is bounded by Ventura and I-25 and Paseo Del Norte and Tramway.[Map]
| Jan 2010 |
# of Homes |
Median |
Lowest |
Highest |
| New Listing |
29 |
$319,000 |
$182,500 |
$799,900 |
| Pending |
7 |
$328,950 |
$230,000 |
$499,900 |
| Sold |
5 |
$285,000 |
$217,000 |
$450,000 |
| Jan 2010 |
Square Footage |
Bedrooms |
Bathrooms |
| Minimum |
1590 |
3 |
2 |
| Maximum |
3450 |
5 |
4 |
| Jan 2010 |
Days on Market |
Cumulative Days on Market |
| Minimum |
5 |
N/A |
| Average |
77 |
100 |
| Maximum |
191 |
N/A |
Check out Albuquerque Acres West Area Resources


These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 2/05/2010. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
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[where: 87122] [where: 87113]
by Ashley Drake Gephart on February 5, 2010

Jan employment hit at 8:30 this morning; non-farm jobs were down 20K with the unemployment rate falling to 9.7% frm 10.0% in Dec and Nov. If there was a real consensus on what markets were expecting it was unchanged on jobs and 10.01% on the unemployment rate. As expected in the annual revisions, job losses from Apr 2008 to Mar 2009 were 1.2 mil more jobs lost than the data reflected previously; from 7.2 mil lost jobs to 8.4 mil lost. Markets were looking for the worsening revisions so not much reaction after the strong rally yesterday in the bondmarket and the decline in the equity markets. At 9:00 the DJIA futures traded +6 after being down 60 points prior to the employment; the 10 yr -2/32 at 3.62% and mortgage prices -6/32 (.18 bp) frm yesterday’s close. At 9:30 the DJIA opened +28, the 10 yr note -2/32 at 3.62% and mortgage prices -3/32 (.09 bp).
Factory payrolls increased 11,000 in January, the biggest gain since April 2006, after falling 23,000 in the prior month. The median forecast by economists called for a drop of 20,000. Government payrolls decreased by 8,000 in January. State and local governments reduced employment by 41,000 during the month, while the federal government added 33,000. The increase at the federal level reflected in part the hiring of temporary workers to conduct the 2010 census. Payrolls at builders fell 75,000 last month after decreasing 32,000. Financial firms reduced payrolls by 16,000, after a 7,000 decline the prior month. Service industries, which include banks, insurance companies, restaurants and retailers, added 40,000 workers after subtracting 96,000 in December. Retail payrolls increased by 42,000 after an 18,000 decline. The so-called underemployment rate — which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking — fell to 16.5% from 17.3%.
So far this morning stocks and interest rate markets have been quite volatile; at 9:30 the DJIA opened +28 10 minutes later -33, another 5 minutes and the DJIA was back to +4; the bond and mortgage markets will take their lead from how equities traded the rest of the day. Yesterday’s strong rally in the bond market was set in motion by big declines in the stock indexes with the DJIA ending down 268 points; the 10 yr note even with the strong decline in its rate (3.70% to 3.61%) failed once again to take out its rock solid resistance at 3.60%, mortgages however did break their chart resistance slightly. As much as we would like to see the glass half full, until the 10 yr rate slips below 2.60% and holds below it, the rate market is subject to selling pressure; it all depends on what the stock market does the rest of the session.
At 3:00 this afternoon, another key data point; Dec consumer credit. Markets are looking for credit to continue its nine month decline with credit declining $9.5B. Consumers are key to recovery and that key isn’t fitting in the lock right now.
Market Minute information for February 5th, 2010 provided by:

Patsy Bailey
Mortgage Banker
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4801 Lang Ave NE Suite 100
Albuquerque, NM 87109
4001 Office Court Ste 603
Sante Fe, NM 87507
Cell: 505.715.3231
Office: 505.473.4045 ext.109
E-mail: patsybailey13@gmail.com
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Equal Housing Opportunity
For more information on home financing, visit my Albuquerque Mortgage Page.
by Ashley Drake Gephart on February 4, 2010
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Albuquerque Home Market Report

See the most up-to-date list of North Albuquerque Acres homes for sale. If you are looking to buy or sell a home in North Albuquerque Acres, please contact me today. North Albuquerque Acres is bounded by Tennyson and Holbrook/Ventura, and by Elena and San Antonio/Paseo.[Map]
| Jan 2010 |
# of Homes |
Median |
Lowest |
Highest |
| New Listing |
10 |
$547,000 |
$375,000 |
$998,500 |
| Pending |
9 |
$525,000 |
$277,000 |
$650,000 |
| Sold |
4 |
$390,000 |
$375,000 |
$720,000 |
| Jan 2010 |
Square Footage |
Bedrooms |
Bathrooms |
| Minimum |
2829 |
4 |
3 |
| Maximum |
4195 |
5 |
3 |
| Jan 2010 |
Days on Market |
Cumulative Days on Market |
| Minimum |
5 |
N/A |
| Average |
59 |
59 |
| Maximum |
104 |
N/A |
Check out North Albuquerque Acres Area Resources


These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 2/04/2010. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
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[where: 87122]