IN THE COUNTRY, WITH AN AVERAGE INCOME OF 23 THOUSAND DOLLARS. SO YOU MAY BE SURPRISED TO LEARN, MILLION DOLLAR HOMES RIGHT HERE IN ALBUQUERQUE, ARE SELLING FASTER THAN IN RECENT YEARS. LIKE THIS ONE ON RIO GRANDE, LISTED AT 2-POINT-9 MILLION. AND LATELY, MANSIONS LIKE THIS, AREN’T STAYING ON THE MARKET FOR VERY LONG. ANCHOR ROYALE DA EXPLAINS WHY THAT’S A GOOD SIGN FOR ANYONE LOOKING TO BUY, OR SELL. THIS FLOOR PLAN IS ENORMOUS. THE DETAIL… LAVISH AND GRAND. THIS IS WHAT 58-HUNDRED SQUARE FEET OF LUXURY LOOKS LIKE. Jeannine DiLorenzo/ASSOCIATE BROKER: “It has so many details throughout. Stone details; onyx sinks, granite, top of the line appliance and this outdoor living space which is pretty amazing and a pool.” THERE’S ALSO A THEATRE, FOUR BEDROOMS AND LOOK AT THIS MASTER BATH! THIS ONE ACRE BLACK FARMS ESTATE, JUST WEST OF THE RIO GRANDE IS LISTED FOR 1.5 MILLION DOLLARS. DiLorenzo: “Just an “absolute” property in Albuquerque for sure.” JEANNINE DI-LORENZO IS AN ASSOCIATE BROKER WITH KELLER WILLIAMS REALTY. SHE SAYS THESE EXTRAVAGANT HOMES ARE MOVING FAST. DiLorenzo: “It’s been a good year.” Dario Gonzales/ASSOCIATE BROKER: “We’ve got 13 properties that have sold at a million plus and there are 8 pending.” FELLOW ASSOICATE BROKER DARIO GONZALES TELLS ACTION 7 NEWS, 2014 IS ON PACE TO HAVE THE BEST ALBUQUERQUE LUXURY HOME SALES SINCE THE MARKET CRASHED. Gonzales: “They’re selling at a much better pace than they were, and they’re selling for the most per square foot since 2008.” THEY SAY, IT’S BECAUSE OF A FEW THINGS: INTEREST RATES ARE LOW AND CONSUMER CONFIDENCE IS UP: DiLorenzo: “Keeping a 30 year conventional loan at 4.125% keeps the payments down.” WITH A MASSIVE INVESTMENT LIKE THIS …. A SMALLER MORTGAGE MAKES A BIG DIFFERENCE. SELLERS ARE IN A GOOD SPOT TOO. LUXURY HOME OWNERS can FEEL GOOD ABOUT LISTING THEIR PROPERTY. Gonzales: “The price per square foot is getting close to 240 dollars per square foot as an average where a few years ago that was closer to 200 dollars per square foot.” SOT Royale Da/KOAT: ” For those of us who can’t afford million dollar homes, brokers say the trend we are seeing with homes like this, is also happening with smaller homes.” Gonzales: “It’s translating down to the $100,000, $200,000, $300,000 homes, in that you can get some great value in a property, interest rates are still low and you can get a lot of home for the dollar right now.” THESE BROKERS SAY THE PRICE IS RIGHT… SO IS THE TIME… WHETHER YOUR’E IN THE MARKET FOR A BUNGALOW … OR A MANSION. IN ALBUQUERQUE, ROYALE DA, KOAT, ACTION 7 NEWS. REALTORS SAY, A LOT OF PEOPLE BUYING THESE HOMES ARE FROM STATES LIKE CALIFORNIA AND NEW YORK. THEY’RE SURPRISED BY HOW FAR THEIR DOLLAR WILL STRETCH HERE. GO TO KOAT-DOT-COM TO SEE MORE MINI MANSIONS FOR SALE RIGHT NOW IN ALBUQUERQUE.