Clovis Stats and Absorption rates... Number of homes sold in Clovis, NM recently.

Well its time to head back to school and back to work so I thought I would share 

what’s happening in the Real Estate market in Clovis NM this month. 

Things are pretty steady but its still a buyer’s market.

Some quick stats:

Active residential listings in Clovis as of 8/26/13: 363

Active res. listings in NE Clovis: 169

Homes that sold/closed in all of Clovis in the last month: 39

Homes that sold in NE Clovis in the last month: 25

Market Absorption Rate for all of Clovis: 9.3

That's the number of months it should take, based on current rates of sale, to sell all 363 residential listings IF no other properties came on the market in the meantime.

Market Absorption Rate for NE Clovis: 6.8

The conventional wisdom is that 3-4 months absorption rates indicate a sellers' market, 6 months indicates a fairly balanced market, and 9-12 months (or worse) is the sign of a true buyers' market.

So Clovis has a lot of homes on the market right now and it’s a great time to buy. Just to give you something to compare to back in late April of 2009 we had 275 homes on the market and they had just sold 55 homes the month before so a 5 month absorption rate.

Also if you are like me and wonder when a good time to buy or sell is, here are how many homes sold each month for the past 6 months in Clovis.

Jan –Feb  26 sold

Feb -Mar   42 sold

Mar -Apr   58 sold

Apr -May   57 sold

May-Jun   46 sold

Jun – July  45 sold

And to compare this year to last year…. 41 homes sold in the same July-August time frame that had 39 sold this year so not much change. 

What's there to do in Clovis, NM anyway?

Well it's Summer in Clovis and we have a lot of new people in town! It's PCS season and it looks like that will last through November from the inquiries I have been getting....
Once the newcomers get here,  undoubtedly the first question I get is, "what's there to do around here anyway?" so I thought I would share a few of my favorites.
We have some great parks, Ned Houk is just North of town on the road to Tucumcari and has a couple stocked ponds with some good fishing, some trees (yes, really) and some great trails for dirt bikes, horses or walking, not to mention some great photo opportunities to show your friends what the wild west really looks like.
Clovis's own fabulous photographer Cristy Cross shot this whimsical Elopement shoot in Ned Hauk, so you get an idea of what the pasture around it look like. http://www.weddingchicks.com/2013/07/08/whimsical-elopement-inspiration/ Be sure to watch the video by Jenna Richardson Pryor on Vimeo. Its amazing.

If you have a free weekend go check out Tres Ritos, NM - No cell service - but that's part of it's charm.

It has some good trout fishing and a little ski lodge the next town over in Sipapu that has a disc golf course. I like camping in Duran Canyon which has a forest road lined by camping spots along a swiftly moving creek. There are some challenging ATV trails too along with some family trails as well. If you really arent into the nature stuff just follow the road on to Taos and enjoy the culture of Northern New Mexico. Just North of Taos is the newly dedicated Rio Grande del Norte National Monument and the Rio Grande Gorge. (back to nature, sorry)

In Clovis there are classes to take at the Clovis Community College, antique shopping on Main Street and at Roden Smith, a fabulous drug store with some unique offerings. http://rodensmith.com/

Ill get on again soon and give you some more ideas...stay cool!