Albuquerque Journal HomeStyle 05/22/2016

abqjournal .
com / homestyle
local real estate , home builders ,

and design trends
home style
issue 1
may 22 28, 2016
betty blea worked hard to win

rising median home prices
every open house this week
greater albuquerque
&
santa fe
AlbuquerqueJournal
HS 2
AlbuquerqueJournal
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visit abqjournal.com/homestyle for interactive listings
homestyle may 22 may 28, 2016
hs 3
table of
contents
4
greater albuquerque
association of realtors report
commercial association of
realtors new mexico analysis
8-9
10
11-15
Median Home Sales Price Report
Buying vs. Leasing Real Estate
feature story
Betty Blea Overcame and Won
505.883.0019
7200 Montgomery Blvd. NE
www.BlindsNM.com
about the cover

Panoramic Views of Sandias in
North Tramway Estates
900 Valencia Dr. SE
open houses
Renovated From
Floor to Ceiling
HomeStyle is brought to you by the marketing

and advertising departments at the Albuquerque
Journal. We are proud to partner with The Greater
Albuquerque Association of Realtors (GAAR),
Commercial Association of Realtors New Mexico
(CARNM), Home Builders Association of Central
New Mexico (HBACNM) and the New Mexico
Association of Mortgage Professionals (NMAMP).
We welcome your comments and opinions for
publication in HomeStyle. Please send them to
HomeStyle@abqjournal.com.
editor
lauren rolls
Pre-Leasing July 1, 2016
business
development
jorge lopez
design
byron hughey
Contact Jorge Lopez

505.823.3393
jalopez@abqjournal.com
Albuquerque Journal
7777 Jefferson St. NE
Albuquerque, NM 87109
505.823.7777
homestyle@aqbjournal.com
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AlbuquerqueJournal
HS 4
in partnership with
trends
Monthly
Sale Prices
(Detached)
median
sale price
average
sale price
$185,000
$217,616
Median Sale Price
+4.64%
from last
year
Year
2014
$201,000
$151,000
$101,000
$51,000
$1,000
2016
of realtors - based
Average Sale Price association
on data from the southwest
2014
2015
multiple listing service . data is
2016
deemed reliable not guaranteed .
January
$167,900
$169,500
$175,000
January
$203,687
$203,468
February
$169,000
$169,000
$178,000
February
$198,483
$199,196
$212,172
historical home sales prices

$251,000
Year
+3.47% from last
year
2015
source : greater albuquerque
$217,247
March
$170,000
$175,000
$180,000
March
$202,672
$210,069
$218,241
April
$175,000
$176,800
$185,000
April
$215,560
$210,321
$217,616
May
$180,000
$181,000
May
$223,193
$218,228
June
$180,000
$190,788
June
$213,504
$226,337
July
$190,000
$185,000
July
$230,750
$212,345
August
$184,100
$189,950
August
$216,148
$226,254
September
$175,000
$180,850
September
$208,936
$224,353
October
$175,000
$185,000
October
$212,905
$216,252
November
$175,000
$180,000
November
$215,899
$213,686
2005
December
2006
$177,000 2007
2008
$175,500
2009
2010
2011
December
2012 $211,523
2013
2014
$208,229
2015
2016
abqs median home

sales price grows
median sales price
Monthly Sale Price
average sales price
$251,000
$201,000
$151,000
$101,000
$51,000
trends depict healthy housing market

$1,000
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Median SP
Oct-15
Nov-15
Dec-15
Jan-16
about
Feb-16 gaar
Mar-16
Apr-16
Average SP
The Greater Albuquerque Association of

to experience gradual improvements,
REALTORS (GAAR) is the largest local
the Albuquerque metro region
the Northeast Heights and much of the
professional trade association in Central
has Association
grown steadily
year over
Westside
remain
the hot
neighborhoods
for
SOURCE: Greater Albuquerque
of REALTORS
- based on data
from the
Southwest
Multiple
Listing Service.
Data is deemed reliable New
not guaranteed.
Page 8
Mexico with over 3000 members
year. The median detached home
homes sales. Ladera Heights, Far Northeast
pledged to a strict Code of Ethics and
price in April 2013 was $168,000, it rose to
Heights, and Los Lunas are the neighborStandards of Practice. Established in
$185,000 last month. This also represents
hoods that heated up the most compared to
1921, GAAR is the Voice of Real Estate
a 4.64 percent increase in the median sales
last month.
for the Greater Albuquerque Area and
price over April 2015.
As sales increased, the housing market
the trusted source for accurate real estate
The average sales price of detached
inventory in Central New Mexico continued
market data and trends.
homes also improved over the past few
to decline and Aprils housing market inyears. April 2016s average sales price of
ventory dropped to only 3,275 active listings.
REALTOR is a registered collective
$217,616 is a 3.74 percent improvement over This represents a 17.15 percent decrease
membership mark that may be used
the same period in 2015, and is well above
compared to April 2015.
only by real estate professionals who are
the $196,321 detached home average price
The steady growth in the median home
members of the NATIONAL ASSOCIAof April 2011.
price reflects a healthy housing market,
TION OF REALTORS and subscribe to
This Aprils 930 detached homes sold is
said Jon Schnoor, 2016 President of the
its strict Code of Ethics.
a 10.19 percent jump compared to the same
Greater Albuquerque Association of REALperiod in 2015. At the same time, pending
TORS. He added, The $20,000 rise in
For media assistance, please contact Eva
sales grew 2.63 percent compared to April
median home price over just three years is
Medcroft at 505-724-3461 or eva@gaar.com.
2015 totaling 1,211 homes under contract
good news, not just to sellers, but to local
by the months end.
homeowners as well.
The $200,000 to $249,999 range remains the
strongest home price point, but April marked
To see the full report for March market
a notable increase in homes sold in the higher
statistics, go to GAAR.com and click on
price range of $250,000 to $399,999.
Market Statistics.
As the entire market area continues
prils median homes sales price for
HS 5
Choosing
Stewart Title
last month made
todays chance
encounter a
happy one.
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Maria, one of her past clients. Two months ago, Patty helped Maria find the home of her dreams, and she
turned to the partner she could count on to ensure the closing went smoothly Stewart Title of Albuquerque.
We guided Maria through each step of the transaction and kept her closing on schedule and this morning,
her great experience was all she could talk about.
Visit stewart.com/albuquerque to learn how we can keep your transactions running smoothly.
2016 Stewart. All rights reserved.
AlbuquerqueJournal
hs 6
market summary - april 2016
commercial real estate
new mexico
12.2 million sq. ft.
13.1 million sq. ft.
28,753 acres
$2.1 billion
commercial space for sale
a business
owners dilemma:
commercial space for lease
land & farm for sale
buying vs.
leasing
real estate
total sale price
current statistics for new mexico

property type
listings
asking lease rate
asking sale price
451
1303
835
513
994
9
14
68
$6.45 psf
$15.50 psf
$14.54 psf
$16.45 psf
$3.51 psf
-
$59.06 psf
$82.09 psf
$124.91 psf
$107.76 psf
$0.91 psf
$0.04 psf
$62.37 psf
$64.22 psf
industrial
office
retail-commercial
shopping center
vacant land
farm/ranch
hospitality
multi-family
statistics courtesy of
by Jim Wible
in partnership with
Director, NAI Maestas & Ward
here are many decisions business
and few have as

wide ranging impact as whether
to own or lease their real estate.
A general rule of thumb (and math)
indicates that if the business will be in the
same location for seven years or more,
then buying is generally a more cost effective solution than leasing.
Buying is going to cost more upfront
compared to leasing. It is a strategic business decision to tie up money to finance
a purchase and obtain a mortgage. The
business owner must also answer the
question of whether the business would
be better off purchasing real estate or
would that money be better spent if
they invested it in growing the business
instead? Business owners should also
consider factors like the possibility that
they could outgrow the space and need
to move in the next few years.
Upfront, buying costs more than
leasing typically due to the down payment which can range anywhere from ten
percent to twenty-five percent of the purowners face
Upfront costs for leasing generally require a

much smaller investment in the nature of a
security deposit.
chase price. There is an opportunity cost to

this down payment as these funds are no
longer available to invest to grow the business. Upfront costs for leasing generally
require a much smaller investment in the
nature of a security deposit.
There are many similarities in overall
occupancy cost for a business in both the
buy and lease scenarios. In a purchase,
costs will be associated with mortgage principal and interest, insurance,
maintenance, taxes and utilities. In a
lease, there are similar cost components
but the structure varies. Depending on
the form of the lease, cost components
range from rent, insurance, maintenance, taxes and utilities to a structure
with just gross rent. There are many
variations in between. If you purchase
a property, most often business owners
will have responsibility for the maintenance of the property and all the costs
associated with the maintenance.
If both options of purchasing or leasing are available for a particular location,
a detailed analysis can be performed
that shows the overall before and after
tax costs of purchasing compared to the
before and after tax costs of leasing.
With regard to tax savings, purchasing real estate allows the business owner
to deduct the mortgage interest expenses, costs for maintenance and non-cash
expenses like depreciation. Leasing
generally allows the business owner to
deduct all the leasing costs. Business
Disclaimer: All statistics on this page have been gathered from userloaded listings and user-reported transactions. We have not verified
accuracy and make no guarantees. By using the information provided on
this page, the user acknowledges that the data may contain errors or
other non-conformities. You and/or your client should diligently and
independently verify the specifics of the information that you are using.
owners should consult with an accountant for details to their specific situation.
Health care practices that have
traditionally occupied the same location
for many years often had great benefits
from purchasing. This is changing as the
delivery of health care changes, and now
this question is less clear.
Both buying and leasing are likely to
have some component of legal fees, either
reviewing/drafting contracts and working
through a purchase transaction or reviewing/drafting leases and working through a
lease transaction. Your attorney is also an
important member of your team.
Both buying and leasing can have some
costs with inspection of the site or property.
A major difference in buying versus
leasing is the opportunity for equity
gain in ownership, especially over a
longer length of time. This is where the
old adage of location, location, location
comes into play. The equity gain can
be exceptional if the owner can benefit
from paying down the mortgage and
from property appreciation.
Engaging in conversation with a
qualified commercial real estate broker
will help the business owner answer
these questions. The qualified real estate
broker should be on your consultant
team similar to that of an accountant
and attorney. All these individuals have
specialized knowledge that together
help the business owner make the best
decisions for the health of the enterprise.
HS 7
Residential - New Homes - Property Management - Commercial
www.realty1newmexico.com 505.883.9400
Your Home Grown real estate CompanY
Scott Patrick Homes

Visit our two subdivisions
Both starting in the 500,000s
North Tramway Estates
Tramway Blvd. &
Tramway Lane
El Bosque at Andalucia
Coors Blvd. &
Sevilla Ave.
scottpatrickhomes.com
505.828.9900
505.463.4461
AlbuquerqueJournal
hs 8
hs 9
betty blea - local builder
feature story
betty blea overcame big

challenges and won
by glen rosales
learning
the
arn
hard way
left
Betty Blea of Mesa Verde Homes with Marie has recently completed a townhome model near the Rio Grande Zoo that is the first in an 11-lot project.
above
A built-in fireplace and stone slates add a sense of elegance to the living room.
hen the economy hit the
2008, it delivered a
body blow to many industries, not the least of which
was home building.
In particular, the high-end custom
home market doubled over in agony, driving many builders from the industry.
Throw in an ongoing issue with
the states gross receipts tax collectors
brought on by a default of a client, and
Betty Blea has had a rough go of it.
But the National Association of Custom Home Builders 2012 Home Builder
of the Year refused to bow to the pressures of a dwindling market and governmental heavy-handedness to continue to
persevere.
Shes had to change the way she does
business, shuttering her Homes by Marie
company to go work for Mesa Verde
Homes with Marie.
And Blea has gone back to her roots
by building in subdivisions for other
developers.
Shes even had to scale back the size of
the homes as the market continues to be
frugal when it comes to large homes.
That, however, does not mean Blea has
skimped one bit on how she builds her
homes.
Im still Marie. I mean Im Betty,
but Homes by Betty just wasnt going to
work, so Im still Marie, she said.
A native of El Paso, Blea is no stranger
to hard work. She started working as a
bank teller and before she was through,
held the position of vice president.
The banking industry, however, was
changing and she didnt like the future
landscape. And building intrigued her
more than 25 years ago when she worked
the financials with Scott Grady of RayLee
Homes on the first Lobo House a project
in which the proceeds are donated to the
University of New Mexicos athletic program to benefit student-athletes.
I figured if I was going to work that
skids in
homestyle writer
hard, I might as well work for myself,
Blea said.
So shortly thereafter, she quit the
banking biz and took her show on the
road to Eldorado outside of Santa Fe,
helping build a number of the homes.
I was too well known here in Albuquerque, Blea said of her decision to go
north. I wanted to go somewhere fresh
and new where nobody knew me.
With two youngsters, however, it
wasnt too long before that became
fairly tedious.
Sometimes I was going to Santa Fe,
driving back down and then going back
again, Blea recalled. It was tough.
It was also a tremendous learning
experience.
I learned everything the hard way,
she said. I learned you have to be on
the job every day. And you really have to
know your subs and get great ones. My
subcontractors are my secret. My subs are
what made me.
Many of them remain with her from
her very early days in the business.
After completing her learning curve
at Eldorado with 25 homes, Blea set
her sights back on Albuquerque, teaming with two other builders to do the
Mathews Meadows subdivision off of Rio
Grande.
That, too, was a learning experience
as it was such a different situation than
Eldorado.
I learned how to build on a small lot,
she said. Building on a tight, city lot is a
whole different world than building on an
acre lot in a rural area.

It wasnt long thereafter that Blea
received her first big award, being named
the 1999 Builder of the Year by the Home
Builders Association of Central New
Mexico. And the HBACNM added her to
the Hall of Fame in 2014.
It was a particularly gratifying award,
she said, because there were and still
are so few female builders.
In a way, that almost gives her a special insight since many homes are built to
please a woman.
It is the woman who you are addressing and you want to be able to talk to their
needs, Blea said. I attend with every client all the interior selections. I try to hold
their hands as much as I can.
For her latest project, an 11-lot townhome development near the Country
Club area, Blea has a model up and ready
to go. The 2,500-square-foot home,
which comes with an inclusive, separateentrance casita above the garage, goes
for $499,999.
Amenities like granite countertops in
the kitchen and baths give it a sense of
elegance, as does the flat-panel fireplace
built into a rock wall in the living room.
Dark, wide-panel wood flooring
presents a homey feel and outdoor living
spaces were created on the lower level, as
well as a second-story, connecting patio
between the main house and casita.
Not to mention, storage spaces are
tucked everywhere they fit.
I love doing what Im doing, Blea said.
Nothing can take that away from me.
I figured if I was going to work that hard, I

might as well work for myself.

- betty blea
AlbuquerqueJournal
hs 10
9516 Ridge Vista Dr NE

$649,500
2782 Sq. Ft.
3 bedroom / 3 bath
505.828.9900
about the cover

W
9516 Ridge
Vista Dr. This 2,782
square foot custom
home is situated in
the community of North Tramway
Estates. This home has a unique
design that highlights views of the
beautiful Sandia Mountains.
Tall windows in the great room
and dining room offer sweeping
panoramic views of the Sandia
Mountains that can also be enjoyed
elcome to
from the kitchen. The spacious floor

plan consists of three bedrooms,
three baths which give this home a
comfortable relaxed feel for entertaining. High ceilings and gently
curved interior walls create a smooth,
fluid feeling of openness.
North Tramway is the newest
community by Scott Patrick Homes
and was developed with elevated
lots to maximize vistas of the Sandia
Mountains and the city. Youll find
North Tramway to be a tranquil area

close to the Cibola National Forest
and many trail systems for hiking or
biking and of course, the Tram.
Visit www.scottpatrickhomes.com for

detailed information on floor plans,
green building features, available
homes, included amenities and photos.
Top Workplace for the third year in a row!

Were honored and grateful to be recognized by our team! We are proud
to still be providing full business support for Realtors since we started as
Pargin Realty in 1964.
If youre curious why our team voted us a top workplace for the third year
in a row, we would love to show you.
www.ABQRealEstateCareers.com | Careers@ERAabq.com | 505-296-1500
YOURE INVITED TO TRY OUR ADVANCED HOME SEARCH APP

Did you know that most real estate apps have outdated market information?
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Try it out! Go to APP.ERAABQ.COM on your phone.

hs 11
this sunday - saturday
open houses
88 listings
low: $100k
high: $1.215m
MLS # 861003
ABQ Acres West
8361 Beverly Hills Avenue
$1,125,000
4300 sq. ft. | 5bdr, 3ba
Keller Williams Realty
Joseph Maez
05/22 1:00PM-3:00PM
MLS # 863499
ABQ Acres West
8735 Tierra Alegre Drive NE
$395,000
2735 sq. ft. | 4bdr, 3ba
EXP Realty LLC
Richard Cederberg
05/22 1:00PM-3:00PM
MLS # 866165
ABQ Acres West
8823 Hampton Avenue NE
$399,900
2769 sq. ft. | 3bdr, 4ba
Coldwell Banker Legacy
Michelle Smith
05/22 1:00PM-4:00PM
MLS # 859834
Bernalillo/Algdones
901 C De Baca Lane
$375,000
2393 sq. ft. | 3bdr, 3ba
Martha Greenleaf
05/22 1:00PM-1:00AM
MLS # 831075
Bernalillo/Algdones
1112 Avenida Los Suenos
$584,900
3408 sq. ft. | 4bdr, 3ba
ERA Sellers & Buyers Real Estate
Boyden Team
05/22 1:00PM-5:00PM
MLS # 861475
Downtown Area
322 Arno Street SE
$209,500
1348 sq. ft. | 2bdr, 1ba
Century 21 Unica Real Estate
Lauren Austin
05/22 12:00PM-3:00PM
MLS # 861022
Far NE Heights
12404 Walkerway Street NE
$1,215,000
6323 sq. ft. | 5bdr, 6ba
Kathleen Tomlinson
05/22 1:00PM-4:00PM
MLS # 865213
Far NE Heights
6444 Monte Serrano NE
$123,000
785 sq. ft. | 1bdr, 1ba
Ida Kelly Realtors
Ida J Kelly
05/22 2:00PM-4:00PM
MLS # 866359
Far NE Heights
7400 Gettysburg Road NE
$250,000
2189 sq. ft. | 4bdr, 2ba
Jessica Sullivan-Robbins
05/22 12:00PM-3:00PM
MLS # 866238
Far NE Heights
5308 Estrellita Del Norte
$275,000
2146 sq. ft. | 3bdr, 2ba
Sandi Pressley
05/22 11:00AM-2:30PM
MLS # 865204
Far NE Heights
9209 Hagerman Avenue
$385,000
2800 sq. ft. | 4bdr, 3ba
Maria D Ratner
05/22 2:00PM-4:00PM
MLS # 849421
Far NE Heights
7019 Starshine Street NE
$614,000
4261 sq. ft. | 4bdr, 4ba
Realty One of New Mexico
Remington Properties LLC
05/22 1:00PM-3:00PM
MLS # 863914
Far North Valley
1112 Bona Terra Place NW
$1,000,000
4971 sq. ft. | 5bdr, 5ba
Joseph Maez
05/22 1:00PM-3:00PM
MLS # 856188
Foothills North
6011 Silver Leaf Trail NE
$569,000
2945 sq. ft. | 3bdr, 3ba
Sharon Scott
05/22 1:30PM-4:30PM
MLS # 856428
Foothills North
13512 Red Yucca Avenue NE
$675,000
3663 sq. ft. | 4bdr, 3ba
Marie-Claire Turner
05/22 1:00PM-4:00PM
MLS # 866227
Foothills North
13508 Desert Zinnia Court NE
$800,000
2611 sq. ft. | 3bdr, 3ba
Claudia Brown
05/22 1:30PM-4:00PM
MLS # 864449
Foothills South
909 Parkside Drive NE
$279,900
1731 sq. ft. | 3bdr, 2ba
Greg Lobberegt
05/22 1:00PM-3:00PM
MLS # 861745
Foothills South
812 Piedra Vista Road NE
$450,000
2835 sq. ft. | 4bdr, 3ba
Lynn Porter
05/22 11:00AM-2:00PM
open house listing information

was derived from the southwest
multiple listing service properties
(swmls) as of 5pm on tuesday.
information is accurate, but
not guaranteed.
continued on
page 12
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HS 12
MLS # 860410
Four Hills Village
13516 Keesha Jo Avenue SE
$184,900
1400 sq. ft. | 3bdr, 3ba
Ida Kelly Realtors
Morgan Cannaday-Henson
05/22 1:00PM-3:00PM
MLS # 860016
Four Hills Village
917 Matador Avenue SE
$275,000
2838 sq. ft. | 3bdr, 2ba
ABQ Houses 2 Homes
05/22 12:00PM-2:00PM
MLS # 865533
Four Hills Village
707 Lamp Post Circle SE
$275,000
2316 sq. ft. | 4bdr, 3ba
Greg Lobberegt
05/22 1:00PM-3:00PM
MLS # 862814
Four Hills Village
13801 Mistletoe Court SE
$325,000
2618 sq. ft. | 4bdr, 3ba
Karsten & Associates
05/22 12:00PM-2:00PM
MLS # 865946
Four Hills Village
13405 Executive Hills Way SE
$360,000
3349 sq. ft. | 4bdr, 3ba
Berkshire Hathaway Home
Services New Mexico Properties
Sandra Levinson
05/22 1:00PM-4:00PM
MLS # 862052
Ladera Heights
4104 65th Street NW
$195,000
1650 sq. ft. | 3bdr, 3ba
Campbell & Campbell Real Estate
CAMPBELL TEAM
05/22 1:00PM-3:00PM
MLS # 860994
Near North Valley
3705 Otra Vez Court NW
$210,750
1808 sq. ft. | 3bdr, 2ba
Christopher L Cordova
05/22 2:00PM-5:00PM
MLS # 865587
Near North Valley
2828 Los Anayas Road NW
$245,000
1656 sq. ft. | 2bdr, 2ba
Berkshire Hathaway Home
Services New Mexico Properties
Jennifer Cody Martin
05/22 1:00PM-3:00AM
MLS # 866362
Near North Valley
2409 Contreras Place NW
$245,000
1663 sq. ft. | 3bdr, 2ba
Vista Encantada Realtors, LLC
Kurstin Johnson
05/22 2:00PM-4:00PM
MLS # 865515
Near North Valley
1608 Los Luceros Road
$450,000
3345 sq. ft. | 4bdr, 3ba
Re/Max Advantage
ROC Real Estate Partners
05/22 12:00PM-2:00PM
MLS # 863670
Near North Valley
2415 Via Villegas
$535,000
2288 sq. ft. | 4bdr, 3ba
Joseph Maez
05/22 11:00AM-4:00PM
MLS # 858729
Near North Valley
1912 Avenida Las Campanas NW
$610,000
2891 sq. ft. | 4bdr, 2ba
Mary Lou Lyden
05/22 1:00PM-4:00PM
MLS # 863911
North ABQ Acres
11700 Richfield Avenue NE
$599,900
2696 sq. ft. | 3bdr, 3ba
Michelle Smith
05/22 1:00PM-1:00PM
MLS # 866153
North Valley
7700 La Puente Street NE
$264,900
2106 sq. ft. | 3bdr, 3ba
Kelly J Willems
05/22 2:00PM-4:00PM
MLS # 857925
North Valley
625 Sandia View Road NW
$445,000
2233 sq. ft. | 3bdr, 3ba
Deborah A Thomas
05/22 1:00PM-4:00PM
MLS # 852639
North Valley
224 Cottonwood Court NW
$549,900
2268 sq. ft. | 4bdr, 3ba
Karsten & Associates
05/22 1:00PM-4:00PM
MLS # 859706
North Valley
6012 Redondo Court NW
$550,000
3383 sq. ft. | 3bdr, 3ba
Valerie Almanzar
05/22 12:00PM-2:00PM
MLS # 864787
Northeast Heights
3113 General Chennault Street NE
$157,000
1532 sq. ft. | 3bdr, 2ba
Linda A Puzak
05/22 11:00AM-1:00PM
MLS # 864799
Northeast Heights
1100 Espejo Street NE
$159,000
1327 sq. ft. | 3bdr, 2ba
Lebeck Company, L.L.C. The
Barbara C Lebeck
05/22 1:00PM-3:00PM
MLS # 865473
Northeast Heights
1005 Nakomis Drive NE
$165,000
1364 sq. ft. | 2bdr, 2ba
Century 21 Unica Real Estate
Sutter Sugar
05/22 2:00PM-4:00PM
MLS # 862611
Northeast Heights
832 La Charles NE
$217,500
1792 sq. ft. | 4bdr, 2ba
Roadrunner Realty & Investments
Nancy R Bowers
05/22 1:00PM-4:00PM
MLS # 859938
Northeast Heights
12212 Summer NE
$230,000
2024 sq. ft. | 4bdr, 2ba
Jonathon Apodaca
05/22 1:00PM-4:00PM
MLS # 847567
Northeast Heights
3700 Madrid Drive NE
$249,500
1734 sq. ft. | 3bdr, 2ba
Margaret Ebbens
05/22 12:00PM-2:00PM
open house listing

information was
derived from
the swmls as of
5pm on tuesday.
information is
accurate, but not
guaranteed.
featured listings
11500 Sky Valley Way
$985,000
Far NE Heights
7731 Calhoun Drive NE ,

$290,000
Far NE Heights
5 bedroom / 5 bath /4,627 Sq. Ft.

Missy Ashcraft
office: 505-271-8200 / cell: 505-362-6823
3 bedroom / 2.5 bath /2,041 Sq. Ft.

Barbara Madaras
coldwell banker legacy
office: 505.292.8900 / cell: 505.301.1033
MLS# 864998
MLS# 863930
64 Olguin Road,
Corrales, NM 87048
$390,000
corrales
8951 Alameda Blvd. NE ,

$575,000
abq acres west

Crystal Sadowski
office: 505.292.8900 / cell: 505.573.0845

Judy Pierson
office: 505.828.1000 / cell: 505.220.9193
MLS# 862410
MLS# 865661

MLS # 849161
Northeast Heights
10400 Hendrix Avenue NE
$249,900
2290 sq. ft. | 4bdr, 2ba
Hopkins Real Estate
Reuben L Martin
05/22 10:00AM-4:00PM
MLS # 861509
Northeast Heights
11915 El Dorado Place
$254,000
2073 sq. ft. | 4bdr, 2ba
Sharon L Stovall
05/22 3:00PM-5:00PM
hs 13
MLS # 859887
Northwest Heights
5308 Still Brooke Avenue NW
$182,777
1770 sq. ft. | 3bdr, 3ba
Civilian & Armed Forces RE
Berta Wagstaff
05/22 1:00PM-3:00PM
MLS # 863524
Northwest Heights
7815 Snowberry NW
$184,000
1530 sq. ft. | 3bdr, 2ba
Eva Fanari
05/22 11:30AM-1:30PM
MLS # 866102
Northwest Heights
2200 Skybrook Drive NW
$205,000
2071 sq. ft. | 3bdr, 3ba
Team Blunier
05/22 2:00PM-4:00PM
MLS # 865350
Northwest Heights
8500 Hawk Eye Road NW
$279,900
2215 sq. ft. | 4bdr, 2ba
Re/Max Elite
Trish Prien
05/22 1:00PM-3:00PM
MLS # 866152
Northwest Heights
8505 Silk Tassel Road NW
$319,500
2335 sq. ft. | 3bdr, 2ba
Re/Max Elite
Jodi M Cramer
05/22 12:00PM-2:00PM
MLS # 857239
Northwest Heights
8708 Desert Rain Road NW
$320,000
2460 sq. ft. | 4bdr, 3ba
Joseph Maez
05/22 1:00PM-3:00PM
MLS # 863537
Northwest Heights
8604 Bouvardia Avenue NW
$339,999
3497 sq. ft. | 5bdr, 3ba
Michelle Rohl
05/22 1:00PM-3:00PM
MLS # 858164
Northwest Heights
7912 Teaberry Drive NW
$369,000
2512 sq. ft. | 3bdr, 3ba
Double Eagle Real Estate
Scott B Clark
05/22 12:00PM-4:00PM,
05/28 12:00PM-4:00PM
MLS # 866252
Paradise East
5336 River Ridge Avenue NW
$185,000
1777 sq. ft. | 4bdr, 2ba
CENTURY 21 Camco Realty
Nancy A Carlisle
05/22 12:00PM-4:00PM
MLS # 862419
Paradise East
9327 Jill Patricia Street NW
$189,900
1508 sq. ft. | 3bdr, 2ba
Rio Grande Valley Realty
Brad Hastings
05/22 12:00PM-3:00PM
MLS # 865803
Paradise East
4408 Dry Creek Place NW
$295,000
3197 sq. ft. | 4bdr, 4ba
Pamela L Jordan
05/22 1:00AM-4:00PM
MLS # 862538
Paradise West
10523 Calle Gandia NW
$210,000
2128 sq. ft. | 3bdr, 3ba
John Lucero
05/28 1:00PM-3:00PM
MLS # 864324
Paradise West
6909 Luz De La Luna Place NW
$220,000
2006 sq. ft. | 3bdr, 3ba
The Schuster Team
05/22 2:00PM-4:00PM
MLS # 863181
Paradise West
6553 Basket Weaver Avenue NW
$229,900
1957 sq. ft. | 3bdr, 2ba
Michelle Smith
05/22 1:00PM-3:00PM
MLS # 865617
Placitas Area
13 Las Huertas Road
$395,000
2348 sq. ft. | 3bdr, 3ba
EXP Realty LLC
Cathy M Olson
05/22 1:30PM-4:00PM
MLS # 866386
Placitas Area
207 Camino De Las Huertas Road
$407,000
2406 sq. ft. | 3bdr, 3ba
EXP Realty LLC
Cathy M Olson
05/22 1:30PM-4:00PM
MLS # 859485
Placitas Area
17 Lariat Road
$435,000
2950 sq. ft. | 4bdr, 3ba
EXP Realty LLC
Nancy J Ullery
05/22 1:30PM-4:00PM
MLS # 864005
Placitas Area
5 Calle Cholla
$439,000
2551 sq. ft. | 3bdr, 2ba
Mark Parker
05/22 1:00PM-4:00PM
MLS # 860204
Placitas Area
24 Tierra Madre
$465,000
2408 sq. ft. | 3bdr, 3ba
La Puerta Real Estate Serv LLC
Annette M Ackerman
05/22 1:30AM-4:00PM
MLS # 860489
Placitas Area
281 Star Meadow Road
$495,000
2400 sq. ft. | 3bdr, 3ba
EXP Realty LLC
Cathy M Olson
05/22 1:30PM-4:00PM
MLS # 864562
Placitas Area
18 Pueblo Bonito
$519,000
2492 sq. ft. | 3bdr, 3ba
La Puerta Real Estate Serv LLC
Annette M Ackerman
05/22 1:30AM-4:00PM
continued on
page 14
featured brokers
BARBARA MADARAS
office: 505.292.8900
cell: 505.301.1033
Crystal Sadowski
office: 505.271.8200
cell: 505.573.0845
CRS GRI GREEN
Crystal is great when it comes to the selling and buying of

your home. She is patient, flexible with her schedule and very
knowledgeable. Crystal will be there in every step of the process of
finding your perfect dream home. Thank you Crystal, we appreciate
everything you have done for us. We will always recommend you to
future buyers and sellers cause your the best. - The Accilien family
All Bulldog, All the Time! My Commitment..The Best of

Traditional Customer Service with the most Up to Date Practices!
My Goal: To do a job that would cause you to enthusiastically
recommend me to your closest friends! My promise: That every
client feels they are my Only Client! Let me be a BULLDOG for
you anywhere in the Metro Area!
Coldwell Banker Legacy - Paseo

coldwellbankerlegacy.com/crystal.sadowski

www.barbaramadaras.com
home style
feature yourself or your

houses here, every sunday.
Contact Jorge Lopez
505.823.3393
jalopez@abqjournal.com
AlbuquerqueJournal
hs 14
MLS # 866336
Rio Rancho Central
3349 Colmor Meadows Circle NE
$190,000
2256 sq. ft. | 4bdr, 3ba
Robert Faithe
05/22 2:00PM-4:00PM
MLS # 860972
Rio Rancho MiD
618 Eastlake Court SE
$100,000
1041 sq. ft. | 1bdr, 1ba
Joseph Maez
05/22 1:00PM-3:00PM
MLS # 866168
Rio Rancho Mid
819 3rd Street SW
$129,900
1792 sq. ft. | 4bdr, 2ba
Enchanted Homes Realty
John D Metz
05/22 1:00PM-4:00PM
MLS # 857902
South Moriarty
42 Britton Road
$275,000
2264 sq. ft. | 3bdr, 2ba
The Kniffin Team
Lora Kniffin
05/22 1:00PM-4:00PM
MLS # 863809
Southeast Heights
10823 Jicama Way SE
$150,000
1106 sq. ft. | 2bdr, 3ba
Jessica Kirker
05/22 6:00PM-7:00PM
MLS # 866270
Southeast Heights
1029 Florida Street SE
$175,000
1875 sq. ft. | 3bdr, 2ba
Signature Southwest Properties
Jennifer L Wilson
05/22 12:00PM-2:30PM
MLS # 860424
Rio Rancho Mid
1964 Roanoke Drive NE
$160,000
1575 sq. ft. | 3bdr, 3ba
American Realty
Judy Garcia
05/22 1:00PM-3:00PM
MLS # 865894
Rio Rancho MiD
445 Loma Linda Loop NE
$263,000
2436 sq. ft. | 4bdr, 3ba
Barbara Wade
05/22 1:00PM-3:00PM
MLS # 864648
Rio Rancho MiD
624 4th Street NE
$359,000
3085 sq. ft. | 4bdr, 3ba
Rio Valley Realty
Gwen McNatt
05/28 1:00PM-4:00PM
MLS # 861134
UNM
1001 Madison Street NE
$299,999
2215 sq. ft. | 3bdr, 2ba
Deborah Burkart
05/22 11:30AM-1:30PM
MLS # 851909
UNM
948 Avenida Manana NE
$385,600
3200 sq. ft. | 4bdr, 3ba
Re/Max Select
Aaron Burnett
05/22 1:00PM-3:00PM
MLS # 853638
UNM
4128 Coe Drive NE
$465,000
2627 sq. ft. | 3bdr, 3ba
Shirley Rich
05/22 1:00PM-3:00PM
MLS # 858529
Rio Rancho Mid
6744 Pasilla Road NE
$425,000
3187 sq. ft. | 4bdr, 3ba
Mark Wingert
05/22 1:00PM-3:00PM
MLS # 865888
Rio Rancho MiD
28 Los Balcones Place NE
$425,000
4255 sq. ft. | 6bdr, 5ba
Redfin Corporation
Diane C Teslik
05/22 1:00PM-3:30PM
MLS # 865284
Rio Rancho North
7108 Husky Drive NE
$210,000
2300 sq. ft. | 4bdr, 3ba
Silesha M Montano Naden
05/22 1:00PM-3:00PM
MLS # 865216
UNM
5115 Royene Avenue NE
$474,500
2860 sq. ft. | 3bdr, 3ba
Wynn D Roberts
05/22 2:00PM-4:00PM
MLS # 859880
UNM
4417 Altura Avenue NE
$550,000
4915 sq. ft. | 3bdr, 4ba
Joseph Maez
05/22 1:00PM-3:00PM
MLS # 863877
UNM South
915 Monroe Street SE
$215,000
1980 sq. ft. | 4bdr, 2ba
AJ Yarbrough Realty
A.J. Yarbrough
05/22 2:00PM-5:00PM
MLS # 863306
Rio Rancho North
6812 Kalgan Road NE
$459,900
4203 sq. ft. | 6bdr, 4ba
Lettie L Carpenter
05/22 1:00PM-4:00PM
MLS # 861359
Rio Rancho South
2303 Vista de Colinas Drive SE
$211,000
1926 sq. ft. | 4bdr, 3ba
Stacie Cruz
05/22 2:00PM-4:00PM
MLS # 866077
Sandia Heights
1936 Quail Run Loop NE
$379,000
1830 sq. ft. | 3bdr, 2ba
Myra C Herrmann
05/22 11:00AM-2:00PM
MLS # 859903
UNM South
623 Carlisle Boulevard SE
$314,000
1483 sq. ft. | 2bdr, 1ba
The Casa Group
The Schnoor Team
05/22 1:00PM-4:00PM
MLS # 859093
Uptown
2924 Carolina Street NE
$194,500
1665 sq. ft. | 3bdr, 2ba
Beverly Listek
05/22 1:00PM-4:00PM
MLS # 859103
Zuzax, Tijeras
40 Escena Drive
$285,000
2522 sq. ft. | 3bdr, 3ba
William Chase
05/22 10:00AM-3:00PM
There are several reasons why Realty One is THE ONE for you...
Beverly Hilton
Jean Duran
Qualifying Broker
Qualifying Broker
505.250.6272
Beverlyhiltonabq.com
505.259.4946
Jeanduran.com
FEATURED LISTING
Cindy Burke 505-980-7729

Katie McCabe 505-440-9780
Lovey Frazier 505-363-2191
Holly Wong Jones 505-715-3344
Jo Webb 505-238-5250
Mo Rhoton 505-249-4420
$70,000
2202 Hollywood Avenue
MLS# 861207
Pam Kileen 505-321-1512

Karen Contri 505-440-3657
Contact us to buy or sell your next home.
1902 Candelaria 505-883-9400

HS 15
Furniture Store Celebrates

Its One Year Anniversary
Our Star is Rising
Open 10-4 Tuesday and Friday

1-4 Wednesday, Thursday, Saturday
5203 Lomas NE, Albuquerque, NM 87110
(505) 266-0367
Largest Locally Owned Builder in New Mexico

Featured Builder in Homes of Enchantment Parade
Recent Winner of 6 Quality & Design Awards
2-Year Slab to Roof in-House Warranty
Journal readers, get

$1,000 credit in our design
center. Just mention this ad. *
www.assistanceleagueabq.org
Call (505) 903-9736
This should be your Furniture Stop

for gently used furniture and decor.
twilighthomesNM.com
*offer expires 5/31
Donate your furniture. Proceeds help children in need.
BUILDING
FOR
40
YEARS
Learn More & Browse Move-In
Ready Homes at RayleeHomes.com
hs 16
Low interest rates and buyer incentives

on move-in ready homes available now
AlbuquerqueJournal
At Pulte Homes when we look for ideas to make

our floor plans even better, we ask the people
who know what they want: our homeowners.
Then we create innovative home designs with
functional spaces youll use all the time, not just
once a year. Discover new homes built for life
and how you live it.
Dont wait, now is the time to take advantage of
low interest rates and buyer incentives on movein ready homes available now.
Visit pulte.com/NM today

to find out more.
Incentives valid on purchase agreements accepted by Pulte Group in New Mexico. Offer valid on select inventory homes in select communities only. Home must close by 06/30/2016. Continuing a policy of constant research and improvement, Pulte Homes reserves the right
to change price, plan, specifications or availability without notice or obligation. Photographs are for illustrative purposes only and are not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. See
sales consultant for details. 2016 PulteGroup. All rights reserved 06/2016
PGI Realty brokerage for Pulte Homes: 505-761-9606 7601 Jefferson NE Suite 320, Albuquerque NM 87109 visit abqjournal.com/homestyle for
interactive listings

Albuquerque Journal HomeStyle 05/22/2016

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abqjournal .

local real estate , home builders ,

may 22 28, 2016

betty blea worked hard to win

Your Make Sense Lender.

Now is the time to call one of our

Senior Loan Originator

Senior Loan Originator

Senior Loan Originator

Take advantage of todays GREAT RATES

Conventional, FHA, VA, Native American 184 loans, USDA loans,

Senior Loan Originator

Mortgage Loan Officer

We understand that an elated customer is the

homestyle may 22 may 28, 2016

Median Home Sales Price Report

Buying vs. Leasing Real Estate

about the cover

900 Valencia Dr. SE

HomeStyle is brought to you by the marketing

Pre-Leasing July 1, 2016

Contact Jorge Lopez

Optimized Floor Plans

for advertising, more

For More Information

Median Sale Price

multiple listing service . data is

deemed reliable not guaranteed .

historical home sales prices

source : greater albuquerque

abqs median home

Monthly Sale Price

average sales price

trends depict healthy housing market

The Greater Albuquerque Association of

visit abqjournal.com/homestyle for interactive listings

homestyle may 22 may 28, 2016

2016 Stewart. All rights reserved.

market summary - april 2016

commercial real estate

12.2 million sq. ft.

13.1 million sq. ft.

commercial space for sale

commercial space for lease

land & farm for sale

total sale price

current statistics for new mexico

asking lease rate

asking sale price

Director, NAI Maestas & Ward

here are many decisions business

and few have as

Upfront costs for leasing generally require a

chase price. There is an opportunity cost to

visit abqjournal.com/homestyle for interactive listings

homestyle may 22 may 28, 2016

Residential - New Homes - Property Management - Commercial

Your Home Grown real estate CompanY

Scott Patrick Homes

homestyle may 22 may 28, 2016

betty blea - local builder

betty blea overcame big

visit abqjournal.com/homestyle for interactive listings

hen the economy hit the