North Valley
The North Valley is one of the earliest-settled areas of Albuquerque, and is nestled along the banks of the Rio Grande, under the shady cottonwoods. The area, including the trendy "Los Ranchos de Albuquerque," is quite rural in character, with many large horse facilities located in the area. There are also still a few older, small homes taht are quite modest, and occasionally a buyer may snap one up in the $100,000's. The average price here, though, is over $300,000, and high-end properties routinely sell for well over a million.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$2,050,000High:$2,650,000High:$1,922,000
Low:$80,000Low:$55,000Low:$20,000
Average:$380,211Avg:$381,796Avg:$324,897
In 2007, 188 single family homes sold in this area. Average time on the market was 47 days.
In 2008, 127 single family homes sold in this area. Average time on the market was 111 days.
In 2009, 127 single family homes sold in this area. Average time on the market was 122 days.
 
Data above is based on yearly sales data results in the given area from the Greater Albuquerque Association of Realtors® for single family, site-built homes.