International Women’s Day with Half the Sky

International Women’s Day developed sporadically at the turn of the 20th Century out of the need to validate the struggle of women for recognition and equality. The promotion of the cause by the United Nations brought global attention and consolidation of the women’s movement, which, throughout the United States and many other countries, is now celebrated March 8, each year;

For International Women’s Day 2010, CARE, the humanitarian organization with a poverty-fighting mission that focuses on women and girls is once again partnering with like-minded organizations to for a live, one-day only event at 7:30 p.m., March 4 in select theatres across the United States ; s

Theatres will show the movie Woineshet inspired by stories from the New York Times bestseller, Half the Sky, by Nicholas Kristof and Sheryl WuDunn. The goal is to celebrate women and girls and inspire them to rise above poverty and circumstance that would prevent them from thriving and achieving their potential.

In Albuquerque, Half the Sky will be shown in the following theatres at 7:30 p.m., March 4 2020.

Albuquerque Rio 24
Albuquerque Downtown 14
Cottonwood 16.

International Women’s Day with Half the Sky

International Women’s Day developed sporadically at the turn of the 20th Century out of the need to validate the struggle of women for recognition and equality. The promotion of the cause by the United Nations brought global attention and consolidation of the women’s movement, which throughout the United States and many other countries, is now celebrated March 8, each year; 

For International Women’s Day 2010, CARE, the humanitarian organization with a poverty-fighting mission that focuses on women and girls is once again partnering with like-minded organizations to for a live, one-day only event at 7:30 p.m., March 4 in select theatres across the United States ;

Theatres will show the movie Woineshet inspired by stories from the New York Times bestseller, Half the Sky, by Nicholas Kristof and Sheryl WuDunn. The goal is to celebrate women and girls and inspire them to rise above poverty and circumstance that would prevent them from thriving and achieving their potential.

In Albuquerque, Half the Sky will be shown in the following theatres at 7:30 p.m., March 4 2020.

Albuquerque Rio 24
Albuquerque Downtown 14
Cottonwood 16.

Albuquerque Market Update - January Sales

According to the Greater Albuquerque Association of Realtors (GAAR) 43 attached and 349 detached homes sold in the Greater Albuquerque area, reflecting an increase of 7.72% more closings than occurred in January 2009. In addition, 740 detached and 82 attached homes were under contract and awaiting closing - a total of 2960 more than in January 2009.

Of the detached homes sold, 241 were in Albuquerque, 1 in Corrales, 57 in Rio Rancho, 4 in Bernalillo, 4 in Placitas, 19 in the East Mountains/Estancia area and 23 in Valencia County. Sales increase in Albuquerque, Rio Rancho, Bernalillo, Placitas and the East Mountains, held steady in Valencia County, and decreased in Corrales (January 2009 -3; January 2010-1).

Both average and median home sale prices declined from January 2009 to January 2010. In January 2010 the average sale price for detached homes was $205,624 and the median $172,240. In January 2009 the average sale price was $214,872 and the median $175,000. For attached homes the average sale price in January 2010 was $141,351 and the median $144,000. In 2009 the average attached home sale price was $180,159 and the median, $158,500

New listings entering the market in January numbered 1617. This was 3.30% less than in January 2009 when 1,658 listings entered the market. In January 2010, the Greater Albuquerque area had 4,766 detached and 566 attached homes listed for sale, 10.23% fewer than there were in January 2009 (5,309 detached and 616 attached).

The number of days on the market for detached and attached homes declined 3.5%.

The stars seem to be in alignment for market recovery. Days on the market continue to decline. The inventory is growing smaller, sales keep increasing as do pendings (properties awaiting closing) and price correction continues. 

Albuquerque NM Real Estate Spring Headlines

These are the topics that are leading the real estate discussions as spring approaches.

• Existing Home Sales Surge.
• Home Values Decline.
• Foreclosure Activity Declines.
• Mortgage delinquencies rise.
• Pending Home Sales level off.
• Flurry in New Homes Starts.

What does all this mean? Do these pronouncements indicate a turnaround in the market? Is this bad or good news for consumers? Sound off. What do you think?

Decade In Review - Albuquerque 1999-2009

Sales Volume
According to statistics provided by the Greater Albuquerque Association of Realtors, in terms of sales volume, the real estate market in the Greater Albuquerque Area came full circle from 1999 to 2099. In 1999 7,007 homes were sold. In 2005 sales volume peaked at 14, 330. At the end of 2009, with 7,933 homes sold, sales were almost back at the 1999 level. The least number of sales for the decade occurred in 2000 when only 7,606 homes were sold.

Inventory
Not surprisingly, the year of lowest inventory of the decade was 2005 with and annual average of close to 2000 homes on the market and only 2,156 listed in the month of February. The year of highest inventory was 2008 with an annual average of approcimately 7000 homes on the market that year, the highest being 7,082 homes in the month of July. Later that year, in December, the inventory fell to 5,821.–Since then, the inventory has see-sawed between a high of 6,128 in July 2009 and a low of 5,156 (the lowest since April 2007) in December 2009.

Price Changes
Throughout the decade, with the exception of the year 2000, average prices in the Greater Albuquerque Area, have shown year over year positive changes up until 2008. The average price change for 2008 was -4.30% and in 2009, -7.72%. In 2009 all except four areas of the Greater Albuquerque Multiple Listing Service experienced year over year price decline. The four exceptions were Sandia Heights, Rio Rancho Mid North, Rio Rancho Mid West and Rio Rancho North, all of which showed appreciation ranging from 1.74% to 4.77%.

The steepest average price reduction (-7.72%) of any year since 1999 occurred in 2009. Areas of severest negative price changes were Pajarito with a change of -38.71%, Rio Rancho Southwest with a change of -28.o7%, and the Far North Valley with -26.89%. Highest area year over year increase (23.331%) occurred in 2006 when the average price of a home reached $227,883. In 1999, the average price of a home in the Greater Albuquerque Area was $150,264. Despite the price reductions of the past two years, the current average price of $214,662 is higher than all pre-2006 prices. The average price of Greater Albuquerque homes in 2005 was $204,502.

Conclusion
Looking back over the last decade, the big picture supports that Albuquerque real estate experienced a time of flux and readjustment. Prices of homes fell but are today higher than they were prior to 2006. The inventory rose and peaked and is almost back at 2001 levels, a real estate period considered normal. Although 2009 sales fell short of the 2008 volume, the surge in completed and pending sales activities during the last three months of 2009 suggest the beginning of the building of momentum towards complete market readjustment. With the promise of new jobs in the healthcare, film, and solar related industries aligning with actual historically low interest rates and tax incentives for home buyers, Albuquerque real estate shows promise for the new decade.