Bernalillo/Algodones
Bernalillo and Algodones are small, historic, old-fashioned towns just north of Albuquerque along the Rio Grande. There are a large number of affordable older homes available in Bernalillo, and there are also occasional large, rural estates that come on the market in the area. These may bring over a million dollars, based largely on the value of the irrigated acreage. Small homes, however, often sell in five figures.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$975,000High:$900,000High:$547,000
Low:$49,900Low:$92,000Low:$50,000
Average:$286,175Avg:$295,392Avg:$238,054
In 2007, 60 single family homes sold in this area. Average time on the market was 67 days.
In 2008, 45 single family homes sold in this area. Average time on the market was 138 days.
In 2009, 42 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.