2018 HOUSING TRENDS
Renters Today’s typical renter is a single, educated 32-year-old who earns a median income of $37,500 and shares a home with either a partner, children or a roommate. Despite the hassles and stresses of moving, almost half (46 percent) of renters who moved within the past 12 months already have plans to move again, now or within the next year.
Buyers Today’s typical American home buyer is a 41-year-old, college-educated couple with an annual median household income of $72,500 and aspirations for single-family living. Millennials, those between the ages of 24 and 38, comprise 42 percent of the nation’s home buyers. Nearly half (46 percent) of buyers are purchasing their first home.
Sellers Today’s typical seller is a 48-year-old, white, college-educated couple with a median household income of $72,500 and a pet. More than half (53 percent) of sellers are selling a home for the first time. The majority (61 percent) of sellers are also trying to buy a new home at the same time they are selling. Half of sellers (50 percent) say maximizing profit is their most important goal, while 38 percent of sellers prioritize selling within their target time frame, and 12 percent say making sure their home has a good next owner is the most important priority.
Homeowners The typical homeowner is partnered with a median age of 55 and a median household income of $72,500. Home equity remains the biggest financial asset for the typical American homeowner, who has 52 percent of their wealth tied up there.4 Only 5 percent of homeowners plan to sell their home in the next year, and 63 percent have no plans to sell. Eighty-three percent of homeowners say they love their home.
See more on 2018 HOUSING TRENDS at www.zillow.com/report/2018/
OCTOBER: HOMES REPORT
FNMA - (Fannie Mae) Federal National Mortgage Association
"Lenders Still Bearish as Reported Mortgage Demand Erodes Further"
FHA - Federal Housing Authority HPSI - Home Purchase Sentiment Index:
"Home purchase sentiment seems to have reached a plateau... struggling"
NAR - National Association of REALTORS: "Job numbers and wages are up... but buyers remain elusive."... "Economic growth is impressive, but homes sales are stuck. The reason is declining affordability."
Since January 1st, fourteen homes have sold and closed.
Average sales price has been $148 per sq.ft. and mean price $150 per sq.ft.
NOTE: Peak sales season is over... if you plan to sell, it's time to regroup...expect market to improve after November elections.
Twenty-three homes are currently for sale on local MLS, REALTOR and ZILLOW:
4404 Magnolia Drive, priced at $143 per sq.ft.; 2139 sq.ft. for $305,000
4625 Larchmont Drive, priced at $121 per sq.ft.; 2681 sq.ft. for $339,900
13230 Sunset Canyon, priced at $134 per sq.ft.; 2741 sq.ft. for $365,000
4304 Magnolia, priced at $173 per sq.ft.; 2173 sq.ft. for $375,000
4929 Camino de Monte, priced at $180 per sq.ft.; 2113 sq.ft. for $379,900
13107 Montgomery, priced at $162 per sq.ft.; 2450 sq.ft. for $397,500
4901 Glenwood Hills Drive, priced at $91 per sq.ft.; 4400 sq.ft. for $400,000
13120 Della Longa, priced at $141 per sq.ft.; 2843 sq.ft. for $400,000
4412 Magnolia, priced at $180 per sq.ft.; 2279 sq.ft. for $410,000
13442 Desert Hills Place, priced at $164 per sq.ft.; 2614 sq.ft. for $429,000
12912 Calle de Sandias, priced at $158 per sq.ft.; 2720 sq.ft. for $429,000
13460 Desert Hills Place, priced at $164 per sq.ft.; 3100 sq.ft. for $440,000
12925 Manitoba, priced at $139 per sq.ft.; 3199 sq.ft. for $445,000
13219 Cedarbrook Ave., priced at $196 per sq.ft.; 2300 sq.ft., for $450,000
4719 Glenwood Hills Dr., priced at $128 per sq.ft.; 3600 sq.ft., for $459,000
5005 Glenwood Hills Dr., priced at $152 per sq.ft.; 3049 sq.ft. for $463,999
4701 Paso de Puma, priced at $133 per sq.ft.; 3617 sq.ft. for $529,900
13409 Desert Hills Place, priced at $146 per sq.ft.; 3937 sq.ft. for $575,000
5019 Calle de Luna, priced at $165 per sq.ft.; 3548 sq.ft. for $589,000
4400 Canyon Court, priced at $105 per sq.ft.; 5700 sq.ft. for $599,900
13101 Blackstone Rd., priced at $189 per Sq.ft.: 3300 sq.ft. for $623,700
13604 Deer Trail Place, priced at $196 per sq.ft.; 3192 sq.ft. for $625,000
13513 Deer Trail Place, priced at $275 per sq.ft.; 3617 sq.ft. for $950,000
Do you have home pricing questions? ... Would you like a 2nd opinion? ... Would you like a free economic cost-benefit analysis? ... Do you have buyer qualification questions? ... Do you need factual information and sound advice? ... Let's visit! KristPeetz.com
1. BUYERS' priority: 1.floor plan 2.schooldistrict 3.neighbors 4.budget 5.commute
2. BUYERS' prefer: 1. lay out makes sense 2. high ceilings 3. craftsmanship 4.view
3. ABQ 126th: affordability, health+safety, family fun, education, childcare
NOTE: Avoid protracted "shop worn" and "passed over" sales syndrome, which
commonly results in added stress and a lower sale price; (a.) spruce up, remove clutter, make necessary/neglected repairs, (b.) price to compete and sell timely.
1. Increase negotiating power: Obtain an "approval letter", before making offer.
2. Look inside garage to get an idea how well home has/hasn't been maintained.
3. ResaleHome-ask experienced construction friend opinion before making offer.
NOTE: Avoid being "shiny object furnishings" distracted, when home shopping.
"GLENWOOD HILLS: "long treasured" . . . "oft requested"
TOP 3 HOME FALL-RECOMMENDATIONS
#1 CHECK smoke/co2 detectors... replace batteries/devices as needed and include fire extinguishers for the kitchen, garage, and each additional floor.
#2 CHANGE furnace filter... splurge... buy a hi-micron filter. It's your health!
#3 REPLACE security/motion detector light bulbs outside home as needed.
TOP 3 WALKING-SAFETY TIPS
#1 WALK with others, consider wearing shades to conceal your eyes.
#2 CARRY cell phone for 911-EMERGENCY and 311-NON emergency APD calls.
#3 KNOW where Block Captains homes, AKA "safe homes", are located along your walk... a technique patterned after "safe homes" for children walking to school to run to for safety.
TOP 2 DRIVING-SAFETY TIPS
#1 ALWAYS drive your car with your car doors locked.
#2 ALWAYS leave one-half car length or more distance between your car and the car in front of you, while at a stop sign/traffic light. Do not allow yourself to be pinned-in, so that you are able to pull away from would be car jackers.
TOP 3 HOME-SECURITY TIPS
#1 KEEP LOCKED DAY+NIGHT door between your home and your garage.
It's an old "high-tech" method used by criminals who troll neighborhoods with electronic devices with apps, such as smart phones, computers, notebooks to open garage doors... 5-10 minutes later they go back to see if anyone has noticed. If no one has noticed and garage door is still open the criminals help themselves. Surprised+Confronted by a criminal inside your home is Dangerous+Avoidable.
#2 BUY dowels for your sliding windows and cut to fit, allowing about one inch... in order for you to be able to open window for proper summer A/C ventilation.
#3 INSTALL wrought iron doors, front+back and/or wrought iron enclosed patios. It's nice to catch criminals on camera... nicer yet when criminals unable to get in.
If you have suggestions specific to Glenwood Hills SAFETY+SECURITY... Let's talk. KristPeetz@gmail.com If you see me on my regular walks. Let's visit!
"There's safety in numbers." but..."We're only as strong as our weakest link."
HELP POLICE by doing EZ THINGS:
Sign-up for SCAN www.cabq.gov/SCAN;
Participate in APD Neighborhood Watch Program
"Many hands doing a little... do a lot."
SECURITY BULLETIN BOARD:
You can see more regarding incidents SPECIFIC TO GLENWOOD HILLS below at CRIME PREVENTION, suspicious ctivity: https://www.CrimeMapping.com;
PUBLIC RECORDS, arrests and predator incidents: www.SpotCrime.com .
ALBUQUERQUE POLICE DEPARTMENT
FOOTHILLS AREA COMMAND CENTER
12800 Lomas Boulevard (505) 332-5240
Priority (1.) Call 911 or 242-COPS for EMERGENCY
(imminent/crime in process)
Priority (2.) Call 843-STOP to report a NON-emergency
Priority (3.) Call 311 for NON-emergency suspicious activity
ANONYMOUS crime reporting: http://www.foothillsareacommand.com/
RECORDS UNIT make request for police reports: email@example.com
SCAN Security Camera Analytical Network: www.abq.gov.SCAN
Glenwood Hills SAFETY - SECURITY and HOMES REPORT
We love our GLENWOOD HILLS neighbors and our neighborhood.
5020 Calle de Carino NE, Albuquerque, NM 87111, US
APD - Albuquerque Police Department
FOOTHILLS AREA COMMAND
12800 Lomas Boulevard NE