North Hills and Sierra Norte Area Market Report January 2014

North Hills and Sierra Norte Area Market Report January 2014
Rio Ranchos North Hills and Sierra Norte neighborhoods are great areas to find incredible values. North Hills is a well established area with established trees and great parks. In recent years, more businesses have moved into the area along with some churches as well. Sierra Norte is a newer community with great views of the Sandia Mountains and the Rio Grande Valley. These neighborhoods are prime areas for value minded buyers and investors.

The real estate market for the Rio Rancho Central area, which includes both North Hills and Sierra Norte has seen some large changes in the last year. Active and new listings have increased 18% and 19%, respectively. The biggest changes are in homes under contract for sale and sold homes. The number of homes under contract is up a whopping 51% and sold homes are up an impressive 46%! Prices havent changed much, so values are still there for value minded buyers and investors!

This Months Best Values in North Hills

North Hills best values for November are two homes on Lil Avenue. The first one is listed and $72,000, with two bedrooms, two bathrooms and 1080 square feet. The second one is a charming home also with two bedrooms, two bathrooms with 940 square feet and is listed at $80,000.

This Months Best Sierra Norte Value

Sierra Nortes best value for November is a lovely 2035 square foot home with three bedrooms and 2.5 bathrooms on San Pedro Road. It is currently listed at $135,000. The price was recently reduced and is listed at only $66.34 per square foot. This one wont last for long in this price range!

 

Click to see the full report

Below are highlight properties for North Hills and Sierra Norte Area Market Report January 2014. See more at the full report:
Highlights Maps & Local Schools
Status: Pending
Lil Ave
$62,000
2 BEDROOMS
2 BATHROOMS [ 2 FULL, 0 HALF, 0 (3/4th) ]
LISTING MLS ID: 770481
Listing Courtesy of: TAL Realty

Status: Active
Ira Drive
$80,000
2 BEDROOMS
2 BATHROOMS [ 1 FULL, 0 HALF, 1 (3/4th) ]
LISTING MLS ID: 803965
Listing Courtesy of: The Home Store, Inc.

Status: Active
Lee Loop
$92,000
2 BEDROOMS
1 BATHROOMS [ 1 FULL, 0 HALF, 0 (3/4th) ]
LISTING MLS ID: 766718
Listing Courtesy of: Prudential ALLSTAR

Status: Active
Alder Drive
$99,000
4 BEDROOMS
2 BATHROOMS [ 1 FULL, 1 (3/4th) ]
LISTING MLS ID: 768277
Listing Courtesy of: ReMax Alliance

Status: Active
San Pedro Rd
$155,000
4 BEDROOMS
4 BATHROOMS [ 2 FULL, 1 HALF, 1 (3/4th) ]
LISTING MLS ID: 803786
Listing Courtesy of: Keller Williams

Status: Active
San Pedro Road
$165,000
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF, 0 (3/4th) ]
LISTING MLS ID: 768542
Listing Courtesy of: Coldwell Banker Legacy

See the Full North Hills and Sierra Norte Area Market Report January 2014
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Melanie Mclaughlin
Blue Door Realty
505-369-0093
melanie@bluedoorhomes.net















Information valid as of July 11, 2013. Please contact us for the most current information and status of these properties.

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