West River Valley
The West River Valley is a small enclave of irrigated valley properties, mostly on some acreage, on the west side of the Rio Grande. Like most of the Valley areas, these are often horse properties, although there area anumber of extremely elegant subdivisions of new custom homes being built in the area as well. Like most of the Valley areas, this is an expensive location, with little ever offered under $200,000, and average prices approaching the $400,000 mark, and substantially higher prices attached to the larger properties.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$1,520,000High:$1,068,000High:$1,050,000
Low:$199,000Low:$171,000Low:$164,000
Average:$435,990Avg:$458,775Avg:$389,747
In 2007, 29 single family homes sold in this area. Average time on the market was 63 days.
In 2008, 20 single family homes sold in this area. Average time on the market was 164 days.
In 2009, 15 single family homes sold in this area. Average time on the market was 89 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.