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First Speaker; Mr. Steve Bottfeld BottfeldReport

First Speaker; Mr. Steve Bottfeld www.BottfeldReport.com. TWO OBJECTIVES. PUT HOUSING STATISTICS IN PERSPECTIVE BY ASKING THE RIGHT QUESTION SHOW YOU A NEW MAJOR DEMOGRAPHIC TREND AFFECTING YOUR MARKET. IN-MIGRATION. ARIZONA, FLORIDA NEW YORK-NEW JERSEY NEVADA, TEXAS.

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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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