How Many Rio Rancho NM Homes Sold In 2018? We have the answer to your question about how many homes were sold in Rio Rancho NM in 2018. The number of Rio Rancho New Mexico homes sold in 2018 is 2,211 homes. This includes single-family attached homes, single-family detached homes, and manufactured homes. The number of detached Rio Rancho homes sold in 2018 is 2211. The total number of attached homes sold in 2018 is 114. The attached homes include townhouses and condominiums. The total number of manufactured homes in 2018 is 30. The most expensive Rio Rancho home sold for $780,000 … Continue reading...
38% Of Rio Rancho Properties Sold Are Distressed In 2013
38% Of Rio Rancho Properties Sold Are Distressed In 2013 This is hard to believe but 37.8% of all homes sold in Rio Rancho in 2013 were distressed properties. This is one of the significant challenges for home prices in Rio Rancho. A distressed property is any home that has been foreclosed on by the bank. Short sales are also considered to be distressed properties. A short sale occurs when a bank agrees to allow the home to be sold for an amount less than is owed to the bank on the home. Many bank-owned homes and short sales need repairs and as a result, will sell for less than market … Continue reading...
Distressed Rio Rancho Homes for Sale At 40%
Distressed Rio Rancho Homes for Sale At 40% Approximately 40% of Rio Rancho Homes for sale listed in the Southwest Multiple Listing Service are distressed properties. Distressed properties are defined as bank foreclosures or short sales. A short sale occurs when a homeowner sells their home for less than they owe the banks. Inventory A recent search of the Southwest Multiple Listing Service showed there are 721 Rio Rancho homes for sale. There were 94 homes identified as bank-owned homes and 194 homes identified as short sales. In most cases, bank-owned homes and short sales sell for … Continue reading...