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 | |
|---|---|
| Active | 3 |
| Pending | 4 |
| Closed | 15 |
| Avg. Days on Market | 26 |
| Avg. Sold $/Sq. Ft. | $127.66 |
| Nov 2018 – May 2020 | |
|---|---|
| Active | N/A |
| Pending | N/A |
| Closed | 35 |
| Avg. Days on Market | 34 |
| Avg. Sold $/Sq. Ft. | $117.52 |
| Mortgage Rates | |
|---|---|
| 30- Year Conv | 3.12% |
| 15- Year Conv | 2.75% |
| 7/1-year ARM | 3.37% |
| 30- Year VA | 3.12% |
| 30- Year FHA | 3.12% |
Seven Bar North is still proving to be a highly desired neighborhood and most homes are selling quickly!