Realtors Placitas Home Tour in BUYERS market.

Today Realtors from La Puerta Real Estate Services, Coldwell Banker Legacy, Tanya Leonard Real Estate, Prudential Sandia Real Estate, Keller Williams, and with yours truly, Carol Skees of REMAX Elite and www.PlacitasHomeSearch.com went on a nine home tour of houses in the $475,000 to $600,000 range.

The Placitas Tour of Homes and the Albuquerque Parade of Homes are finished, so now the Realtors need to devote more time to previewing the homes available for resale.

There are currently 139 homes on the market in Placitas, and 4 homes have gone under contract this month - which translates with an inventory of 35 months of inventory (of course at our current level of homes under contract.) The National Association of Realtors (NAR) considers a balance market as a market that has six months of inventory. Less than six months and the market is considered a SELLERS market, more that six months is considered a BUYERS market. So Placitas is definitely a BUYERS market currently.

There appear to be alot of sellers that don't understand that right now, but there are also some really good opportunities if someone was looking for a Placitas-type home.

The fustration on the tour was that you would see a new home, with all the bells and whistles for a reasonable price; and the next home would have a great view but less than desireable layout, need alot of work, need a redone kitchen and bathrooms - AND IT WAS ALMOST THE SAME PRICE.

Do we have a lot of people in Placitas that just want to have the stress of keeping their home perfect everyday?