New Mexico Real Estate Companies

New Mexico’s housing market is looking up. Real estate experts say home prices are the best they’ve been in years, rebounding closer to what they were before the 2008 recession. That could be good news for your investment.

Sam Keller and his wife Karen are hoping they’re going to find the right home in the improving market. They’re looking to downsize, but stay in Albuquerque.

“We like Albuquerque. It’s home to us,” said Sam Keller. “When we bought our last house, the market was much better. It has been at the bottom (and) it’s started back up, so therefore, we’re on the right end of buying now.”

Steve Anaya, the C.E.O. of the New Mexico Realtors Association, sees a lot of potential in the housing market.

“This is probably the strongest summer we’ve seen since 2008,” Anaya said.

Statewide, 18 counties report an increase in the number of homes sold so far this year, compared to last.

Median home prices are climbing closer to where we were in 2008 in Albuquerque. Back then, the median, single-family home price was an $199,000 in the second quarter of 2008. In the same time period in 2015, which includes June, it’s $184,000 in the metro area. Compare that to $177,000 during the same time in 2014 and $165,000 in 2011 after the economy went south.

Anaya says fewer foreclosures are part of the reason.

“We have gotten several of the foreclosures out of the system, so we’re starting to see an increase in the median price,” said Anaya.

He also says that could be significant for anyone who wants to see their investment increase.

“If you’re looking for a home today, now may be the time to do it because I think the stars are lining up for folks.”

But a strong real estate market depends on a diverse economy and Anaya says New Mexico needs to continue to grow.

“If we can do that, I think all these other things will fall into place, but it really is all about jobs,” said Anaya. “Good job growth, everything else will fall into place.”

The Greater ABQ Association of Realtors points out that home equity takes longer to increase in neighborhoods with higher foreclosure rates.


List of New Mexico Real Estate Companies:

Capri Manor Apartments 434-10001314 15th St
Alamogordo, NM 88310
Sims Jake & Co Real Estate 521-60002292 Divot Ave
Las Cruces, NM 88001
Independence Capital 427-34341515 E 20th St
Ste D
Farmington, NM 87401
Carlson Property Group 393-7713521 N Burk St
Hobbs, NM 88240
Steinborn & Associates Real Estate 522-3698141 S Roadrunner Pkwy
Ste 141
Las Cruces, NM 88011
Stull Real Estate 522-64241546 Missouri Ave
Las Cruces, NM 88001
Century 21 Haggerty Co., Realtors 523-75512451 N Main St
Las Cruces, NM 88001