Far North Valley
The Far North Valley, including the Alameda area, is the northernmost valley area in Albuquerque itself. The area runs to irrigated properties, often with acreage and horse facilities. Popular with equestrians for the easy access to ditchbank riding, the irrigated pastures, and the slower-paced Valley way of life, this area is generally fairly pricey, with few properties much under $200,000, average prices approaching the half-million mark, and million dollar properties defintely a part of the picture.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$1,550,000High:$1,100,000High:$725,000
Low:$130,000Low:$124,950Low:$52,500
Average:$404,765Avg:$380,361Avg:$278,076
In 2007, 32 single family homes sold in this area. Average time on the market was 46 days.
In 2008, 22 single family homes sold in this area. Average time on the market was 94 days.
In 2009, 17 single family homes sold in this area. Average time on the market was 121 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.