The Albuquerque Real Estate Market: Low Supply, High Demand, and Hidden Gems
In this episode, Tracy and Tego Venturi dive deep into the current state of the Albuquerque real estate market, revealing some surprising trends and hidden gems you won’t want to miss. Here are three key takeaways from the episode:
1. Low Supply, High Demand: Despite national news suggesting a decline, Albuquerque’s home prices remain steady, with home sales even surpassing last year’s numbers. The market is hot, but with a very low supply of homes, buyers need to act fast.
2. Townhomes vs. Condos: Have you ever wondered about the difference between a townhome and a condo? Tracy and Tego discuss the nuances and potential pitfalls of each, covering financing options, HOA fees, and the importance of assessing the financial health of a homeowners association.
3. Beware of Scammers: The Venturi Group uncovers common real estate scams circulating Albuquerque, including rental scams where scammers pose as property owners, collect rent payments, and disappear. Stay vigilant and protect yourself!
Tune in to our episode to gain valuable insights into the Albuquerque real estate market. You won’t want to make any real estate decisions without these takeaways!
Listen now on our YouTube channel: https://youtu.be/XWIZ5OI6nTE