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Market Conditions in Nob Hill : Real Estate Advice

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Fri Nov 19, 2010
Pamela Heater answered:
In the Nob Hill area value depends on the location, size and condition of the home. The current market conditions are making that more true than ever. In the Nob Hill area we see values all the way from $100 -- 200 a square foot. Selling prices can vary widely. We are still seeing some beautifully updated homes getting high value. An accurate assessment of value depends on all these factors and more. The home must be presented well and marketed for maximum exposure.

Pamela Heater Keller Williams Realty 505-710-0021,
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Sat Jul 5, 2008
C. Lloyd McKenzie answered:
Good to see these questions being asked in this forum. I would heed the cautions given thus far. Local Realtors like myself do provide Comparative Market Analysis (CMA) free of charge. But you always have the option of hiring an appraiser.

Consider the fact that Albuquerque homes have held their values throughout the current crisis. However, as the crisis continues, should the foreclosure numbers increase to the magnitude of say Colorado Springs, Florida, California, it will definitely depress our market.

Regardless of the current market condition, if you are not selling and you do not have one of those exotic mortgage that will reset, then I would say, don't worry about the value at this point in time.

Thanks for asking the question!
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