New Home Sales Strengthening at ArrowWood Homes in Albuquerque, New Mexico
Albuquerque, NM (Nov. 29, 2012) – New home sales are on the rise at ArrowWood Homes in New Mexico. While sales traditionally slow down as the holidays approach, ArrowWood Homes is experiencing increased activity. In the first two weeks of November, the community has seen three new home sales.
According to sales agent Sam Garcia, 'I'm seeing buyers who are thrilled with the value they get from a new home at ArrowWood. They are finding that they can own a home for less than what it would cost to rent. In fact, our three-bedroom, two-bath Bosque plan, priced at $114,990, costs as little as $555 per month including taxes and insurance, based on a 3.75% interest rate with normal closing costs, a 20% down payment and escrow charges. That's a great investment. And if buyers don't have the down-payment saved up, they can take advantage of an MFA first-time buyer program that allows them to move in for only $500.' Garcia goes on to say 'based on rental rates posted on apartmentratings.com, the average price of rent for a two-bedroom apartment in Albuquerque is $843 per month. It's no wonder I am seeing increased sales activity.'
According to the National Association of Realtors Chief Economist Lawrence Yun, buyers are reacting to favorable market conditions. Yun states 'We've had very good housing affordability conditions for quite some time, but we're seeing more impact now'. The NAR reports that home sales jumped 5.2% in October, its highest level since March 2007. Low interest rates, good housing affordability conditions and rising consumer confidence about home buying is reflected in 18 consecutive months of rising sales.
If you are on the path to home ownership, now is the time to visit ArrowWood Homes. You'll find affordable new three and four bedroom homes with close proximity to southwestern culture, national parks and a variety of recreational opportunities. Homes include energy-efficient features such as dual-pane windows, gas appliances and an Energy Star® certified dishwasher. Durable stucco exteriors and vinyl windows offer low-maintenance and peace of mind while refrigerated air-conditioning, front yard xeriscaping, an enclosed rear yard and a ten-year warranty protection program provide both comfort and security.
Currently, ArrowWood has three ranch-style homes ready for immediate move-in, priced from $117,030 to $140,030. Brand new plans have also been released for sale including two new four-bedroom plans. Homes at ArrowWood range from $114,990 to $165,990 with 1,098 to 1,968 square feet and one or two-car attached garages.
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