Sometimes VIEWS can enhance the marketablitiy and value of a home. This value does not carry as much weight as it did in a stronger real estate market though. Views of the Organ Mountains are always a plus however.

The bottom line here is that Realtors and Home Owners do not set the market value/price. Willing BUYERS do.

Even then, the transaction is at the mercy of a Real Estate Appraiser to justify the sales price to the buyer's lender. On occasion, appraisals come in less than the price contractually agreed upon by buyer and seller. This provides a buyer with a "window" to either re-negotiate the price or come up with the cash-difference to satisfy the lender criteria. Sometimes realtors can successfully contest an appraisal by providing the appraiser with comps of their own. The appraiser can then adjust his "comps" upward, to satisfy the bank's undewriters.

Like I said in my previous post, ALL properties are NOT equal, even if they are the same size, and on the same street..........

If you currently live in that area, I suspect your home is around 1700/1800 sq. ft., built by Emerick in 2000.

Emerick has a good product. If I can be of further service, please let me know. I'm easy to find.

Hi Art,
4 homes have sold in the past 2 years. They were all built in 2000. Average sale price was $316,000.Square foot price average $146. The square foot and sale prices were as follows:

2048sf-$235,000,2013sf-$326,000,$1869sf-$335,000,2834sf-$368,000

Hope this helps. Any additional questions please contact me.

Etta Kaufman,CRS,ABR
Coldwell Banker de Wetter Hovious,Inc.
575 521 1000x214 office
575 496 3967 cell
e-mail dreammaker@cybermesa.com

One 2048 sq. ft. home closed in March of this year for $235,000. It had formica counters, and primarily builder's grade materials.

One 2013 sq. ft. home closed in March of 2008 for $326,000. This home had tile counters, upscale cabinetry, and a spacious back patio that included a ramada & "guest quarters".

If you are planning to compare these prices to a specific home, what you REALLY need is a CMA. (Competetive Market Analysis) Homes in any upscale subdivision can vary GREATLY in value depending on amenities. Two homes of equal square footage, side-by-side on the same street can have significantly different values. Additionally, the two homes above closed a year apart from each other.

For valuation purposes, only the past 6 months worth of activity is truly valid, also considering what the current competetive "for sale" inventory is priced at.