Featured Community: Volterra, Albuquerque, NM
(Transcript Snippet):
” Tracy:
So much as usual. You know, let’s start with Volterra. So for those of you who don’t know Volterra, which a lot of people don’t Tego even a lot of people in the real estate community, you know, Voltaire is probably a 15 year old community or less it’s right next to Kirtland air force base sorta between the air force base and four Hills. So it’s at the very South end of Juan Tabo, South of I 40, if you just dead end on one to Beau you’ll end up in the Volterra neighborhood in Volterra was it was a major structural problem because there’s a huge Arroyo where the land sets and it was basically an inaccessible for many years and a big bridge went in over the Arroyo and made all of that land available for development and a lot of different builders built homes in there.
Tracy:
There’s Dr. Horton, Rachel Matthews, Twilight, Pulte, LGI, a variety of builders Stillbroke probably anyway. It’s at the very South end of Juan Tabo next to Kirtland air force base. And they are, they are still building new homes there. So it is an opportunity if you’re looking for a new construction, give us a call, we can help you source out what’s available there from the different builders. What’s, what’s interesting. So, you know, a lot of people are moving here and they want to be close to the national labs, all of the affiliates to the air force base that Sandia national labs and all the different businesses, because there are a lot of jobs right there and they want to be close. So Voltaire has been a great option and we see quite a bit of movement there from people coming and going for the air force base.
Tracy:
What I know is there’s some people who love it because there’s a bike trail where you can kind of get without having to go back out to central. You can take a bike trail if you work on base that you can get there to the Gates. I did not know that that’s cool. Yeah, I haven’t ever seen it, but I’ve had clients who specifically told me that’s how they get to work. So I know you still have to get to a main gate, but they probably go through an Arroyo or something to get over. That way
Tego:
Is the bigger Royal that comes down, you know, between four Hills and this community and like the, the interstate, right. And or central you will. And that’s a huge Royal. So there’s a bunch of open space over there as well for people to go and explore and walk and do what they want to do.
Tracy:
Yeah. I’m not sure what’s allowed there to go versus what people do there, but I do see some you’re
Tego:
Going to couch. So I don’t, I don’t say something, it gets us in trouble. The guys on the radio said, we Well, you know, it’s interesting, you say that that $200,000 price point, I was having a conversation with some people from the association today, and we were just talking about one of the big challenges in our real estate market. And there’s a lot of different challenges right now, but one of them is the price point affordability, not necessarily overall affordability, but just from a price point standpoint. Right? And I looked as of today, there are 36 homes for sale in the greater Albuquerque area $200,000 and below that are available. And, and honestly, half those are not so hot in not great condition. And so it’s, it’s interesting that that $200,000 price point is becoming really a endangered species in our market.
Tracy:
It’s sort of that purple unicorn. So once we go above that two Oh five, the next price is two 60 and there’s a couple of them, and those are actually attached townhomes, not single family. The two Oh five is a single family home and it’s priced that way because it’s 1100 square feet, 1,135. However, I’m sure it’ll sell for more. If you’re interested, give us a call right away, four, four eight, eight, eight, eight, eight, and we can get you in to see it. They will be allowing showings this weekend and I’m, I’m sure it’ll be off the market on Monday. The other thing that’s interesting Tegois of those 23 homes. The high price is 540,000. So it’s a pretty big spread in Volterra. And what we know is originally there was some estate type lots that are bigger. Custom builders picked up like Rachel Matthews did a lot of them and they had that great floor plan in there.
Tracy:
They don’t have any right now that I’m aware of, but it was floor plan where they had like a separate Caseta sorta incorporated into that plan. So really nice variety of what you can get involved, Tara. Right now there are 55 homes in pending sale in Volterra. So there’s 23 on the market, 55 in pending sale. The average days on market of those houses was 26 days on market. So we know some of the higher priced homes might have taken a little bit longer. Also what what’s kind of skewing days on market in there is that some of them are new construction that aren’t really done yet. They put them on, they’re not really finished people like to wait and be able to walk through a house. So it it’s skewing it from what are, yeah,
Tego:
Because they’ll put it in the MLS is, you know, available in the days on market starts counting except the home really isn’t finished yet. So it’s, it’s actually a conversation we’ve had at the MLS on, on how to deal with that. So, you know, overall in our market days on market right now, I think it was 21 days for February. So it’s right in there where we’re what we’re seeing in date. You know, we know Tracy homes are selling very fast in our market, right?
Tracy:
A lot of them are. So the average sale price in the last of the houses that are in pending sale is 330, 2,600 of the 188 houses that sold in there in the last year. The average was 312,000.
Tego:
Got it. Okay. Well, it’s interesting. So that was, you know, if you just joined us, we were talking about the Volterra community, which is South of well, South Antoine to bow past the Harris Arroyo and you’re there. And it it, it does back up to the four Hills community, which a lot of people are familiar with
Tracy:
Four Hills community is on the East side of it. Yeah. And Kirtland air force base on the West. So if you’re interested in knowing more about, Volterra give us a ring, we’d be happy to show you homes there.could go ride motorcycles down there. It’s like, no, we’re not saying that
Tracy:
It’s not necessarily allowed, but I have seen people with their dogs off leash running and it’s great, you know, which gets the more exercise probably of course. Anyway, so Volterra, so right now there are 23 houses for sale in Boyle Tara, as we speak not all new construction, some are new construction, some are resale homes. And they actually call us this minute. If you’re looking for a $205,000 house in Valterra because one came on the market today and it’ll probably sell for, well over two Oh five, it looks great. It’s a three bedroom, two bath, two car garage. A well done backyard has got a separate area fenced off for like a pet run. It’s got a large covered patio that was obviously added after it was built. But you know, it’s a small house. It’s just over 1100 square feet, but it’s a great, great site.
Tego:
Great. It’s one of the few places on the East side, East side that you can buy new construction. There’s, you know, it’s getting much more limited East, East of central, for sure. I said central, I meant East of the freeway or really the train, the train tracks. Yeah. Yeah, yeah.
Tracy:
There really are a few other neighborhoods that we could highlight that are new construction in the Northeast, technically as in, this is actually Southeast Albuquerque, but there are a few others and we’d be happy to share those with you.”