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First Speaker; Mr. Steve Bottfeld BottfeldReport

Join Mr. Steve Bottfeld as he explores key housing statistics, focusing on in-migration trends affecting markets in Arizona, Florida, New York-New Jersey, Nevada, and Texas. Learn how these demographic shifts influence median prices, with a comparison between national, Las Vegas, and Albuquerque averages. Discover insights about new home prices in Albuquerque, highlighting developments like "Volterra" and the market balance between supply and demand. Stay informed about factors driving fluctuations and what they mean for potential buyers and investors.

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First Speaker; Mr. Steve Bottfeld BottfeldReport

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  1. First Speaker; Mr. Steve Bottfeld www.BottfeldReport.com

  2. TWO OBJECTIVES • PUT HOUSING STATISTICS IN PERSPECTIVE BY ASKING THE RIGHT QUESTION • SHOW YOU A NEW MAJOR DEMOGRAPHIC TREND AFFECTING YOUR MARKET.

  3. IN-MIGRATION • ARIZONA, • FLORIDA • NEW YORK-NEW JERSEY • NEVADA, TEXAS

  4. CHANGING! • Median Prices • Duke City • $183,990-$229,000

  5. PRICE COMPARISON National Median Las Vegas Median Albuquerque Median

  6. PRICE COMPARISON National Median Las Vegas Median Albuquerque Median

  7. David Murphy - Publisher SALESTRAQTM Of New Mexico New Home Base Price Stats Albuquerque / Rio Rancho / Los Lunas

  8. $256,174 “Volterra” More than 10 new subdivisions added $231,839

  9. Current Average & Median for “Volterra” subdivision: * NEW HOME BROCHURE BASE ASKING PRICE Base price average = $282,354 Base price median = $265,990 Average square feet = 2,299 sq. ft. Median square feet = 2,242 sq. ft.

  10. Reminder – the price fluctuations in Albuquerque have much to do with product.

  11. Peak demand Buyer’s Market! Hurricane Katrina

  12. What have been the lowest new homeprices historically?

  13. $155,990 $119,990 $112,990 $74,990 $74,990 $69,990

  14. Total number of homes (Supply ) Dark gray represents new home “menu” Light gray represents resale units which sold SOURCES: Southwest MLS / Albuquerque Metropolitan Board of Realtors (Resale) and SalesTraq of New Mexico (New)

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