Please enjoy The Sugar Team‘s presentation of Albuquerque’s River of Lights!
Albuquerque Real Estate
Tumbleweed snowman. Bizcochitos. Ordering your enchiladas “Christmas.” These are some of the fascinating things you will find in New Mexico during the holidays, and specifically in Albuquerque. There are many truly joyful events that happen throughout our wonderful city during the month of December that you absolutely will not find anywhere else.
Kicking off the holiday season in Albuquerque’s cultural epicenter Nob Hill, the Shop and Stroll closes the streets to vehicles in this fabulous neighborhood, giving patrons the opportunity to walk the streets and shop locally until late. During the Shop and Stroll shoppers enjoy the opportunity to ride in pedicabs, take in street performers, enjoy the excellent cuisine in Nob Hill’s restaurants and of course, shop! This year is extra-special because Nob Hill is abuzz, celebrating its one hundredth year anniversary.
While New York City has its Rockefeller Center and the Lighting of The Tree, so does Albuquerque, but in Old Town. Old Town is more steeped in history than 100 Rockefeller Center, as it dates back to 1706 when founded by the Spanish. Even today Old Town keeps its Spanish roots, preserving a central plaza and gazebo—Mariachis included of course!—, surrounded by historic golden-colored adobe buildings and the San Felipe de Neri Church. Just one day after the Shop and Stroll the mayor lights the tree in Old Town and wishes peace and joy on all observing Burqueños.
The third day of celebrations brings us back to Nob Hill to witness the Twinkle Light Parade, The Sugar Team’s all-time favorite. This year there are 96 participants floating down the street with the one requirement that every entrant—whether it be a clown, bicycle or low-rider—be bedazzled with twinkle lights. The culmination of live music, red and green flashing lights and overall kitschiness provides a scintillating experience for the senses.
However, the Twinkle Light Parade really doesn’t own the market on quirkiness in ‘Burque. Just the second year running, the Rail Yards in Albuquerque’s Barelas neighborhood hosts their Rail Yards Holiday Market. Located in the historic Blacksmith Shop which was completed in 1917, it has often been the backdrop for many Hollywood productions. Albuquerque is pushing to convert this locale into a public market similar to what is found in cities like Barcelona and Los Angeles. It is a great place to purchase local crafts, homemade chow and unusual souvenirs.
On Christmas Eve there is a gorgeous tradition that takes place yearly here in Albuqerque and dates back more than 300 years: Luminarias. Luminarias are brown paper sacks filled with sand and a votive candle. Historically, nuevomexicanos lit the candles on December 24th to welcome the Christ child into the world. Today Albuquerque’s older neighborhoods like Old Town, North Valley, South Valley and Country Club place these ethereal decorations to adorn their walkways, churches and homes. I promise you, you don’t have to be religious to appreciate this beautiful detail.
Last but not least, we have the River of Lights. The River of Lights is an exhibit of visual light sculptures throughout the ABQ BioPark Botanical Garden running from the end of November through the beginning of January. Although many other cities host a similar event, Albuquerque’s has been running strong for 19 years and simply is the best. Where else can you find gorgeous light representations of a barrel of 14 monkeys, a butterfly bush, eight dragonflies, three cow skulls and a hot air balloon? The River of Lights is the perfect holiday conclusion following the excess of egg nog, spicy tamales and ugly Christmas sweaters. And it really is a pleasure to meander along the illuminated botanical garden paths, delightfully discovering what new “creature” has been rendered in lights.
So there you have it…Albuquerque during the holidays. From the unique shopping opportunities of Nob Hill’s Shop and Stroll, historic Old Town’s Lighting of the Tree, the scintillating Twinkle Light Parade, quirky Holiday Market at the Rail Yards, ethereal Luminarias, to the River of Lights, Albuquerque has something for everyone at this time of year. And that is why The Sugar Team is so proud to call “The Duke City” home. Call us today (505) 850-9977 if you would like to work with a Realtor® that loves Albuquerque as much as we do!
MARKET WATCH! In the month of October 2015 the Median Sale Price for single-family, detached homes was up 5.71% from last year to $185,000 and the Average Sale Price inched up to $216,252. Home Sales was 835, up 10.16%. The Absorption Rate (number of months it would take to sell the current housing inventory) continues to favor Sellers at 4.72 (6-months is equilibrium) and the Average Days on the Market continues to be down to only 59 days. (GAAR)
We don’t know about you, but this is The Sugar Team’s favorite time of year. The leaves turn color to a beautiful burnt orange, the temperature starts to drop, making it more comfortable to slip under those warm covers, and the aroma of pumpkin pie fills the air.
Happy Thanksgiving!
Linda and Sutter
Located in a desirable NE Heights location in the La Vista Grande Neighborhood this home will delight you the moment you walk in the front door with its soaring ceilings and natural light. You have a great view of the majestic Sandia Mountains from the kitchen breakfast nook and stunning views as you sit on the front porch and enjoy our gorgeous New Mexico sunsets. This home is just minutes away from a secluded entrance to Bear Canyon walking/running trails. Updates include a remodeled kitchen, new carpet, a beautifully landscaped backyard with a huge custom shed. The master bedroom sits privately on the first floor with an attached sitting room great for a nursery, home office or workout room. In addition, the master bathroom has a newly updated bath with an oversized soaker tub.
Come by The Sugar Team‘s Albuquerque Open Houses, call (505) 850-9977 for a private showing, or check out the virtual tour:
Sitting on a lush, grassy corner close to University of New Mexico and Nob Hill this South-facing home reveals smart updates while still maintaining its vintage charms. Open the front door to reveal gorgeous hardwood floors, double pane windows, having been freshly painted throughout. The living room enjoys a wood-burning fireplace and classical cove ceiling lighting. One wing of the home has three bedrooms and remodeled bathroom while the master suite with its own expertly remodeled full bathroom is privately tucked away on the other side. Improvements abound including a newer tankless water heater, master cool, and brand-new furnace. Pass through the lovely sun room drenched in natural light to the crowning jewel: the backyard. Privately walled with green grass, mature trees and sunflowers, the patio begs for a party!
Contact The Sugar Team (505) 850-9977 for a private showing and check out the virtual tour to get a good feeling for this lovely home:
MARKET WATCH! In the month of June 2015 the Median Sale Price for single-family, detached homes was up 5.99% from last year to $190,788 and the Average Sale Price was up 6.01% to $226,337. Closed Sales was 984, up 23%. The Absorption Rate (number of months it would take to sell the current housing inventory) still shows a slight seller’s market of 5.44 and the Average Days on the Market was 56. (GAAR)
However, the number of Active Listings (homes on the market) was 4,089 down 17.18% from last year. If you are thinking of putting your home on the market, now is the time before the school year starts. Contact The Sugar Team for a free Comparative Market Analysis and find out how much you could make from selling your home!
Linda and Sutter
Many people shrink from the possibility of buying a home as an investment and becoming a landlord. They have visions of money-grubbing landlords showing up at the front door to collect rent—baseball bat in hand—and proceeding to get in a screaming match (or worse!) with the tenants. Or there’s the fear of receiving the late night call that all the pipes have burst and the plumber needs to be dispatched right away, being paid double time for his work. Multiply that fear exponentially by the number of units managed, and you get an idea of the public’s perception of owning multi-unit residential income property. However, this view could not be further from the truth. When done right the purchase of multi-unit residential income properties truly can be satisfying and an excellent way to invest your money.
Many savvy investors see multi-unit residential income property as a way of funding their retirement for the long term*. They make sure that the rent covers the monthly mortgage payment for the short -term, and understand that their passive income is going to increase as rent increases while their monthly mortgage payment remains fixed.
There also are many tax perks* associated with owning investment property. Everything from repairs, pest control, supplies, cleaning, utility expenses, property management costs and insurance premiums can all be written off in the maintenance of investment property.
Once you have decided to invest in income property you will find that there are many added benefits to buying a multi-unit dwelling. First of all, less money is at risk if there is a vacancy. For example, in the case of an 8-plex if there is a 10% vacancy, you are only losing 12.5% of your rental income. Compare that to a single family home where a vacancy would mean losing all rental income. Second, it is logistically easier to collect multiple rents from one location, rather than from various locations. Third, as there are always transaction fees associated with buying a property such as closing costs, inspection fees and title fees, it is more cost-effective to buy a multi-unit property because the transaction fees are comparable to the purchase of a single-family dwelling. Finally, because there is typically less competition for multi-units versus single-family homes, frequently you can get a smoking deal.
For all of these listed benefits of owning a multi-unit investment property The Sugar Team is proud to be offering a solid investment opportunity located at 512 and 516 Madeira Drive SE. They are two four-plexes being sold together (8 units total) for $370,000. The one owner has lovingly cared for both properties for over 17 years and it shows. The units are all separately metered for gas and electric (the tenants pay their own usage) and at the end of the buildings there is a larger ”master’s unit.” It has been a great income producer and has potential for more. The tenants love living at Madeira (one just moved out after 17 years!) which you can appreciate by admiring the central courtyard, refrigerator in every unit and convenient proximity to Walmart.
*Like any major investment, it’s always a good idea to consult your financial adviser and CPA first.
MARKET WATCH! In the month of February 2015 the Median Sale Price for single-family, detached homes was $169,000 and the Average Sale Price was $199,196. Pending Sale (homes that went under contract) was 921, up 16.14% from this same time last year. The Absorption Rate (number of months it would take to sell the current housing inventory) continues to favor Sellers at 5.19 and the Average Days on the Market was also down to 73. (GAAR)
According to real estate studies the best time of year to sell your home is mid-March to mid-April because it is when you sell your home the fastest and for the most amount of money. So, what are you waiting for?! Contact The Sugar Team (505) 850-9977 to get a free Comparative Market Analysis to find out NOW what your home is worth.
Linda and Sutter
Firmly planted at the end of a NE Heights cul-de-sac with great schools, this 4-bedroom (5 possible!) brick ranch combines graceful form & function. The front door reveals a beautifully remodeled home with ceramic tile in the high traffic areas, insulating cork tile in the bedrooms (not a stitch of carpet!) & double-pane windows throughout. The kitchen has been perfectly remodeled with black granite counter tops, sleek white subway back-splash & deep pull-out drawers. Don’t miss the large pantry/laundry room with utility sink leading to the over-sized 2-car garage with plenty of storage. The fridge, washer & dryer are even included, making it move-in ready. Are we on planet Earth? No, because this Saturn Court home is out of this world!
Come by one of our upcoming Open Houses, contact The Sugar Team (505) 850-9977 for a private showing, or check out the Visual Tour, the next best thing: