annabrewsteryx: Foreclosures in Rio Rancho-Short ...

This month?s Rio Rancho Foreclosure Report shows that foreclosures and short sales are still impacting the Rio Rancho real estate market. Foreclosures are still closing in greater numbers than short sales, and new foreclosure listings appear to be decreasing in number.

Rio Rancho Home Sales in August 2011

Here?s a breakdown of? sales by type.

Rio Rancho Foreclosure Sales and Short Sales for August 2011

Nearly 35% of?Rio Rancho?Homes?that sold in August were foreclosures or short sales.

Rio Rancho Foreclosure Home Prices Can?t Be Beat!

Right now you can save close to 25% on foreclosure homes for sale!

Rio Rancho Foreclosures and Short Sales Average Price Per Square Foot

Regular sales averaged $96 per square foot, short sales averaged $81 per square foot and foreclosures averaged $71 per square foot.

Rio Rancho Homes are Selling for Close to List Price

All three types of sales are selling for close to list price. Even though it?s a buyer?s market you shouldn?t expect sellers to be coming way down.

Regular sales sold for 3.14% below list price, short sales sold for 2.46% below list price and foreclosures sold for 4.94% below list price.

Rio Rancho Foreclosure and Short Sale Sales Price/List Price Ratio

Where do You Find the Great Deals in Rio Rancho?

Area 150*, which is the heart of Rio Rancho between Southern and Northern, was hit harder than any other area this month.

Rio Rancho Foreclosures and Short Sales by MLS Area

Foreclosures on the increase?

It appears that new foreclosures are not on the increase, that they are decreasing in number.

Rio Rancho Foreclosures for sale vs. Foreclosures sold

Summary

Rio Rancho home values are being affected by short sales and foreclosure sales. This will continue to until their numbers decrease significantly.?FindRio Rancho short sales?or?Rio Rancho Foreclosures.

*Use this link to?View MLS Area Maps.

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This report relies on data provided on 09/12/11 by the Greater Albuquerque Association of Realtors and the Southwest Multiple Listing Service and is deemed reliable but not guaranteed.?