Real Estate News

7 Bar Loop

Albuquerque is still in a Sellers’ market and with 1,932 homes on the market, we have a very low inventory level.  This low supply drives the price point higher, where most Buyers are paying a premium.  Conventional Mortgage rates are the lowest they’ve been in years!

Seven Bar North Home Sales     

Nov 2109 – May 2020
Avg. Days on Market 26
Avg. Sold $/Sq. Ft.$127.66
Nov 2018 – May 2020
Avg. Days on Market34
Avg. Sold $/Sq. Ft. $117.52
Mortgage Rates
30- Year Conv3.12%
15- Year Conv2.75%
7/1-year ARM3.37%
30- Year VA3.12%
30- Year FHA       3.12%
As of 5/16/2020

Seven Bar North is still proving to be a highly desired neighborhood and most homes are selling quickly!