Northwest Edgewood
Northwest Edgewood lies close enough to the mountains to still offer some lovely wooded acreage, and features widely ranging prices. Nearly all properties are horse-friendly, and there are some very inexpensive options available in mobile homes on land. Single family homes have average prices in the $250,000 range, although there are occasional offerings in the $100,000s. Once large estate brought well over a million in 2005 in this area.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$570,000High:$443,000High:$475,000
Low:$124,000Low:$70,000Low:$150,000
Average:$272,795Avg:$249,848Avg:$267,573
In 2007, 90 single family homes sold in this area. Average time on the market was 64 days.
In 2008, 71 single family homes sold in this area. Average time on the market was 147 days.
In 2009, 53 single family homes sold in this area. Average time on the market was 187 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.