Rio Rancho North
Rio Rancho North is, indeed, on the northern edge of the city, abutting Bernalillo. This area has seen enormaous growth is the past few years, with a large number of brand new subdivisons being built, with homes available in all price ranges from under $100,000 to over $500,000. This is an area of dynamic growth, with easy freewayy access off US Hwy 550 (Old Hwy. 44).
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$604,961High:$540,000High:$862,000
Low:$118,900Low:$114,995Low:$95,000
Average:$241,474Avg:$212,054Avg:$215,743
In 2007, 249 single family homes sold in this area. Average time on the market was 51 days.
In 2008, 157 single family homes sold in this area. Average time on the market was 119 days.
In 2009, 176 single family homes sold in this area. Average time on the market was 133 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.