Rio Rancho Central
Rio Rancho Central has been growing rapidly in recent years, with many new subdivisions springing up in this popular location. Most properties are quite affordable with average values in the mid-$100,000's, and some homes selling under $100,000. Few homes in this very affordable area sell much over the low $200's.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$524,000High:$780,000High:$292,500
Low:$96,000Low:$85,000Low:$76,000
Average:$176,769Avg:$162,899Avg:$151,333
In 2007, 349 single family homes sold in this area. Average time on the market was 40 days.
In 2008, 220 single family homes sold in this area. Average time on the market was 103 days.
In 2009, 250 single family homes sold in this area. Average time on the market was 103 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.