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A “Watershed” event!

$240,090. “The impact of fees”. $234,620. A “Watershed” event!. $205,319. $240,090. $234,620. $205,319. $200,990. $165,740. “Average” & “Median” percentage increase for Albuquerque (1-year comparison) * NEW HOME BROCHURE BASE ASKING PRICE (Single Family Homes).

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A “Watershed” event!

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  1. $240,090 “The impact of fees” $234,620 A “Watershed” event! $205,319

  2. $240,090 $234,620 $205,319 $200,990 $165,740

  3. “Average” & “Median” percentage increase for Albuquerque (1-year comparison) * NEW HOME BROCHURE BASE ASKING PRICE (Single Family Homes) June 2005 average = $205,319 May 2006 average = $234,620 14.3% increase June 2005 median = $171,950 May 2006 median = $200,990 16.9% increase

  4. $271,719 $234,620 $205,319 $199,256

  5. $242,484 $200,990 $182,500 $165,740

  6. Current “Average” & “Median” percentage differences between Albuquerque and Rio Rancho(as of May 2006) * NEW HOME BROCHURE BASE ASKING PRICE (Single Family Homes) Current ABQ average = $234,620 Current RR average = $271,719 +15.8% difference Current ABQ median = $200,990 Current RR median = $242,484 +20.6% difference

  7. METAMORPHOSIS DUKE CITY’S GROWTH WILL BE ACCELERATED BY FOUR KEY TRENDS.

  8. FOUR KEY TRENDS • CALIFORNIA BUYERS • DEMOGRAPHICS – FOUR BYTES • E* VILLAGE --DEMOGRAPHICS • THE MAGIC MILLION MARK.

  9. ENTERTAINMENT • Retail is entertainment. • Technology is entertainment. • Dining is entertainment. • Urban Villages need to be built around entertainment venues.

  10. ENTERTAINMENT • It used to be the home entertainment center that was important. • Now the home must be in the center of entertainment.

  11. DEMOGRAPHICS • Every 7 seconds another Baby Boomer turns 50.

  12. DEMOGRAPHICS • OVER 50 … • DUAL INCOMES • RISING HOME PRICES • RECORD LEVELS OF INHERITANCE.

  13. EQUALLY IMPORTANT • TIME IS THE MOST PRECIOUS COMMODITY FOR THESE PEOPLE. • LOCK ‘N LEAVE • SECOND HOME • DO IT FOR ME and • WALK TO ENTERTAINMENT

  14. THE MAGIC MILLION MARK • WHEN THE AFFORDABILITY CRUNCH REALLY HITS, THAT’S THE FIRST STEP TO CONDO-CONVERSIONS.

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