SALESTRAQ TM Of New Mexico New Home Base Price Stats Albuquerque / Rio Rancho / Los Lunas

SALESTRAQTM

Of New Mexico

New Home Base Price Stats

Albuquerque / Rio Rancho / Los Lunas

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

Base(brochure)

PriceJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

ALBUQUERQUE 2004/2005 "Median" New Home Base Price Comparisons

2004

2005

$145,990

$166,990

$183,990

$169,950

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

Base(brochure)

Price

SW NW

Month

2004/2005 ALBUQUERQUE WEST MESA "average" base prices (1-year comparison)

Nov-04

Nov-05

$127,596

$186,995

$155,213

$227,775

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

Base(brochure)

Price

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

2005 ALBUQUERQUE / RIO RANCHO "Average" New Home Base Price Comparisons

ABQ

R.R.

$196,576

$182,383

$233,860$227,050

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

Base(brochure)

Price

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Month

2005 ALBUQUERQUE / RIO RANCHO "Median" New Home Base Price Comparisons

ABQ

R.R.

$166,990 $165,600

$220,495

$183,990

THE THIRD QUARTER

ECONOMIC THEME WASKatrina, Rita

and …

METAMORPHOSISMETAMORPHOSIS

DUKE CITY IS UNDERGOING

MAJOR CHANGES!

METAMORPHOSISMETAMORPHOSIS LIGHT RAIL PATH

• STARTS THIS FALL …

• FIRST LEG FROM BELEN TO SANDOVAL

DUKE CITY

METAMORPHOSISMETAMORPHOSIS• 57,000 ACRES SOLD?

• LATE AUGUST, WESTLAND AGREED TO SELL IT VIA

STOCK TRANSFER.

• STRETCHES WEST TO THE RIO PUERCO

DUKE CITY

METAMORPHOSISMETAMORPHOSIS

LOOK FOR MIXED USE COMPONENTS IN THE PLANNING

OF THE 57,000 ACRES.

DUKE CITY

METAMORPHOSISMETAMORPHOSIS

WILL ALBUQUERQUE BECOME THE SECOND MAJOR CITY IN THE US

TO GO WIFI?

INTEREST RATES

0

1

2

3

4

5

6

7

8

TODAY 1 MONTH 6 MONTHS

PRIME

30K H. EQ.

30-YEAR

15-YEAR

3/1 ARM

0

1

2

3

4

5

6

7

8

TODAY 1 MONTH 6 MONTHS

PRIME

30K H. EQ.

30-YEAR

15-YEAR

3/1 ARM

CONCLUSION:CONCLUSION:• THE ASSET TRANSFER THE ASSET TRANSFER

IS NOW IN ITS IS NOW IN ITS SEVENTH YEARSEVENTH YEAR

• IT GETS BIGGER EVERY IT GETS BIGGER EVERY YEAR.YEAR.

Albuquerque RECAPAlbuquerque RECAPAlbuquerque RECAPAlbuquerque RECAP

A RED HOT A RED HOT MARKET WITH MARKET WITH

A FUTURE!A FUTURE!

A RED HOT A RED HOT MARKET WITH MARKET WITH

A FUTURE!A FUTURE!