South of I-40
South of I-40, in the tall pines on the east side of the Manzano Mountains lie a wide variety of mountain homes. Commuting to Albquerque takes only about half an hour, but residents can relax once they're home on their peaceful mountain acreage. Home prices here can run anywhere from the $!00,000s to upwards of half a million dollars.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$560,000High:$500,000High:$400,000
Low:$77,940Low:$25,000Low:$19,900
Average:$249,349Avg:$217,135Avg:$217,032
In 2007, 33 single family homes sold in this area. Average time on the market was 41 days.
In 2008, 28 single family homes sold in this area. Average time on the market was 112 days.
In 2009, 31 single family homes sold in this area. Average time on the market was 124 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.