Press Releases

Albuquerque Business First's Recovery Index brings you some good news this month.

The Albuquerque economy improved to 83.4 percent recovered from the recession, up from last month when it was 81.9 percent recovered. The Albuquerque International Sunport saw 428,552 passengers coming through the airport in May.

Occupancy rates for office and retail space were not available for 2016 Q2. The average asking price for class A office space in 2016 Q1 was $20.59 per square foot. Average asking price for retail was $14.23 for neighborhood and $13.81 for strip.

Private and government jobs stayed around the same, with the number of government jobs decreasing slightly from April and private jobs increasing in number.

See the infographic below for the

FOR IMMEDIATE RELEASE

Contact:                   

Jon Schnoor, President,
505-385-2154, president@gaar.com

Kent Cravens, Executive Vice President,
505-724-3481 office, 505-459-5368, cell orkent@gaar.com

ABQ Home Sales Heat Up in June

Albuquerque, NM (July 11, 2016) – The Albuquerque-area housing market’s positive sales trend continued into the early summer. The number of homes sold, the average and median price, and the speed in which they sell all show sustained improvements, while the number of homes available for sale continued to drop.

Compared to June 2015, median detached home prices for the month of June rose 4.30 percent to $199,000 and the average home sales price grew 3.88 percent to $235,110. Although home prices

Not your mama’s gala… Join us at Hacienda Ball TV at the Hyatt Regency in Downtown Albuquerque on November 12th at 6:00pm.  Come as you are or dressed as your favorite TV Character or Host.

• Enjoy a cash bar and silent auction.
• Enter for your chance to be part of the action and win a major prize as a contestant in this year’s live game-show portion of the evening.  Four lucky audience members will have their chance to win $500 in cash and prizes.
• Enjoy a plated dinner along with this year’s TV Show-Themed Dance competition.  Feel free to sing along if you know the theme songs.
• Our AWESOME DJ will keep Hacienda Ball-goers young and old dancing into the night and always have a few surprises to keep the party hopping.

HACIENDA BALL

Last week, over 150 joined the Greater Albuquerque Association of REALTORS® at the KiMo Theatre for our first public REinvent Speaker Series..."Become the Change" with Arun Gandhi.

With humor and humility, the soft-spoken Arun Gandhi shared his personal stories and valuable lessons learned from his grandfather, the legendary Mahatma Gandhi. 

Mr. Gandhi explained how living with his grandfather in his early years influenced his life. After Mahatma’s assassination, Arun also shared how he was inspired follow in his grandfather’s footsteps, sharing his message of peace, nonviolence and respect.

With the underlying message that we all contribute directly or indirectly to the violence we see in the world, Mr. Gandhi explained how we each have the

 by Keith Meyer CCIM, SIOR

Read the latest article from CARNM Commercial Source – articles written by CARNM members and featured in Albuquerque Journal’s Homestyle section. The third featured article is written by our CARNM member Keith Meyer CCIM, SIOR.

Commercial Real Estate Market Report

For the past three years, the commercial real estate market in New Mexico has been improving but mixed. It has been a case where a rising tide has not yet raised all boats. It has been well documented that New Mexico has not enjoyed the job growth or rate of recovery of our neighboring states. Professional seminars that I have attended in just the past month have reaffirmed this, including NAIOP’s I.CON (land use conference) in

Release date: March 21, 2016

Contact: M. Steven Anaya, 505-690-2729

February 2016 Housing Market Continues Trends Set in January

New Mexico’s 2016 February housing market numbers continue to outpace 2015 numbers for the same period.

1, 163 February sales were reported to the REALTORS Association of New Mexico (RANM). That’s an increase of 7.4% over the number (1,083) reported for February 2015. February’s 2016 numbers bring the year-to-date sales to 2,303. This represents a nearly 8% increase from year-to-date sales for the first two months of 2015.

“A good start to the year for the housing market is always good news for New Mexico – not just for REALTORS, but home sellers and the New Mexico economy in general,” says Patricia Fell, 2016

FOR IMMEDIATE RELEASE

Contact:                   

Jon Schnoor, President,
505-385-2154, president@gaar.com

Kent Cravens, Executive Vice President,
505-724-3481, kent@gaar.com

Number Of ABQ Area Homes Sold Rises Again In February 

Albuquerque, NM (March 10, 2016) – The upward trend in the number of homes sold in the Greater Albuquerque housing market continues. The 638 detached homes sold in February 2016 was a 15.16 percent increase over the same period last year and is the most homes sold in February since 2007.

The 1,040 pending sales of detached homes for February 2016 notes a 12.92 percent increase over the same month last year and is the highest for February going back ten years.

Both the average and median detached home prices

FOR IMMEDIATE RELEASE

Contact:                    

Jon Schnoor, President,
505-385-2154, president@gaar.com

Kent Cravens, Executive Vice President,
505-724-3481, kent@gaar.com

95th Annual Awards Gala Recognizes Top Local Realtors

Albuquerque, NM (March 8, 2016) —  This past Friday, close to 300 Realtors gathered at the Albuquerque Museum of Art and History to celebrate the success of 2015, recognize the best in their industry and raise money for a good cause.

At the start of the new year, the members of the Greater Albuquerque Association of Realtors (GAAR) nominate those that exemplify the best in the local real estate industry. The candidates are chosen by their peers based on their contributions to the industry and community as well

FOR IMMEDIATE RELEASE

Contact:                   
Jon Schnoor, President,
505-385-2154, president@gaar.com

Janice McCrary, Executive Vice President,
505-724-3481, jmccrary@gaar.com

 Number Of Homes Sold Up More Than 15% In 2015

Albuquerque, NM (January 25, 2016) – The 2015 annual statistics show Albuquerque metro area’s housing market closed the year with a 15.55 percent jump in the number of detached homes sold compared to 2014. The 10,928 detached and attached homes sold in 2015 was the highest annual level since 2006.

The $215,331 average sale price for 2015 represents a 1.10 percent over 2014 for detached home sales. Since the 2011 low of $201,176, the average detached home sales price has has grown each year consecutively,

FOR IMMEDIATE RELEASE

Contact:                   

Jon Schnoor, President,
505-385-2154, president@gaar.com

Janice McCrary, Executive Vice President,
505-724-3481, jmccrary@gaar.com

Closed Home Sales Numbers Continue To Improve In Q4

Albuquerque, NM (January 20, 2016) – With 2,313 homes sold in the fourth-quarter 2015, the overall Greater Albuquerque housing market saw a 12.72% increase in the number of homes sold over the same period last year. While the 2,313 homes sold is impressive and is higher than any time since 2006, some specific regions had even greater gains. The number of homes sold in Rio Rancho increased 20.63% over Q4 2014. Home sales in East Mountains and Valencia County increased 21.90% and 21.77% respectively.

As