Northeast Edgewood
Northeast Edgewood lies partially on rolling wooded land, and partly on the beginnings of the great plains. Views of the mountains are usually stunning, and properties are landed. There are often mobile homes available on some acreage for very reasonable prices, and single family detached homes area readily available in the lower $100,000's. The average prices here are still under $200,000, although an elegant home on a larger amount of acreage might bring close to half a million.
Compare sales data in this area over the past 3 years:
Single Family Detached Sales
2007 Sales 2008 Sales 2009 Sales
High:$500,000High:$368,000High:$295,000
Low:$87,500Low:$90,500Low:$60,000
Average:$201,529Avg:$201,503Avg:$186,150
In 2007, 47 single family homes sold in this area. Average time on the market was 64 days.
In 2008, 34 single family homes sold in this area. Average time on the market was 142 days.
In 2009, 35 single family homes sold in this area. Average time on the market was 126 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.