Great Bank-Owned Properties to Buy in ABQ

This just in on the real estate stats for the Greater Albuquerque Area:

Listings are down slightly to last year 3.4% but the Federal incentive pumped up those sales.Pendings are down 11.2% which makes sense given the above fact. Closed deals are up 7.3%.
The Average ABQ detached home price was $230,417 15% higher than last year which may be because most of the sales last year at this time were below $150,000 for the first time homebuyers.

But most interesting is this:
Short and Bank owned properties are 28% of total listings, 55% of pendings and 35% of Closed deals. BOTTOMLINE: Great time to get a good deal on a bank owned or short sale property. And rates are still close to 5%. We have buyers who have paid less than the appraised value so walk into the house with equity. Can't beat that!! Call me and we'll go look at some houses. 505-220-9193. On my website you can search for foreclosures. Set up a search and I'll refine it for you and find you something.