Albuquerque Real Estate | Venturi Realty Group

Albuquerque Real Estate Insights: Episode 524 Recap

Welcome to the latest update from the Albuquerque Real Estate Pod! In Episode 524, recorded at the end of February 2025, we dive into the vibrant world of Albuquerque real estate with your hosts, Tego and Tracy Venturi of the Venturi Realty Group at Real Broker. Whether you’re buying, selling, or just curious about the New Mexico housing market, this episode is packed with valuable insights. Let’s break it down for you!

Spring Market is Heating Up Early in Albuquerque

Spring has sprung in New Mexico, and with it, the real estate market is buzzing! Tracy notes that while the spring selling season typically ramps up in mid-March, the warm weather in February 2025 has buyers out in full force already. If you’re thinking of selling your home in Albuquerque, now might be the time to jump in. Tego backs this up with stats: the number of homes for sale is up 48% compared to last year, giving buyers more options and sellers a chance to shine.

Pro Tip: List your home on a Thursday to catch the weekend surge of house hunters—more on that later!

 

Zillow Research: Why the MLS Matters

One of the standout topics this week is a fascinating Zillow Research story: off-MLS home sellers left over $1 billion on the table in the past two years. What does that mean? Sellers who skip the Multiple Listing Service (MLS) typically sell for nearly $5,000 less than they could have with broader exposure. Tego, a former MLS president, explains why this system is a game-changer for New Mexico real estate. It connects your home to thousands of Realtors and top sites like Zillow and Realtor.com, driving competition and boosting your sale price.

Tracy shares a real-world example of a seller considering a “For Sale By Owner” post on Facebook. While creative, it misses the massive reach of the MLS. Curious about maximizing your home’s value? Reach out to us at 505-448-8888 for a chat!

Home of the Week: Corrales Charm at 145 Leal Lane

Our Home of the Week takes us to Corrales, a gem just north of Albuquerque. Listed at $835,000, 145 Leal Lane offers a spacious 3-bedroom home with a loft, a detached 2-bedroom casita, and—wait for it—a heated chicken coop with remote-controlled doors! Tracy loves the rural vibe (and the year-round eggs), while Tego highlights the hot tub. This property even comes with its own chickens—perfect for anyone craving that Corrales lifestyle. Want a private tour? Give us a call!

Market Update Minute: What’s Happening in Albuquerque Housing

Tego’s Market Update Minute brings the numbers to life for the Albuquerque metro area:

    • Interest Rates: Mortgage rates dipped below 7%—the lowest since December 2024—making now a great time to buy.
    • Prices: Pending home prices are up 5-6% from a year ago, signaling steady appreciation.

Looking ahead, Zillow’s Home Value Forecast predicts a 3% rise in Albuquerque home values by January 2026, placing us in the top 10 of the nation’s 100 largest markets. Follow Tego on Facebook (@TegoVenturi) for more real-time updates!

A First-Time Buyer’s Dream in Rio Rancho

Tracy shares an inspiring story of first-time buyers snagging a brand-new Rio Rancho home for $339,990. With builder incentives like appliances, blinds, and $10,000 in flex cash, they locked in a VA loan at 4.99%—with rates as low as 2.99% in year one. This energy-efficient home was $50,000 above their initial budget, but creative financing made it work. For one of the buyers of this home, it’s a historic leap as the first homeowner in her family. Ready to explore new construction in New Mexico? We work with all the top builders—let’s talk options!

Community Spotlight: Bosque Farms

This week’s Community of the Week is Bosque Farms, a rural-urban blend just south of Isleta Pueblo. Known for its half-acre lots, ranch-style homes, and flood-irrigated properties, it’s perfect for those wanting space without isolation. Prices range from the $300s to over $1 million, depending on land and home size. With Tractor Supply, Sopa’s restaurant, and a tight-knit vibe (think rodeos and farmers markets), it’s a 20-minute commute to downtown Albuquerque or Kirtland Air Force Base. Love the idea of chickens or horseback riding along the Rio Grande? Bosque Farms might be your spot.

Is Now the Right Time to Sell in Albuquerque?

Tego tackles a big question: Is now the right time to sell your Albuquerque home? His answer: it’s about your readiness. Most sellers are also buyers, so timing both moves is key. That said, early spring (like now!) historically fetches top dollar. Bonus tip: list on Thursday to hit peak online traffic by Friday, and host a “grand opening” open house over the weekend. Oh, and make sure your listing is picture-perfect from day one—buyers won’t wait for “photos coming soon.”

Connect With Us

The Venturi Realty Group is here to guide you through Albuquerque real estate, from buying and selling to answering your questions. Our team of experienced Realtors at Real Broker has earned five-star reviews across Zillow, Google, and beyond. Call us at 505-448-8888 or subscribe to our YouTube channel for more episodes like this!