Foothills South
With its location at the base of the Sandias guaranteeing lovely views of the mountain and the city lights, the Foothills South offers a wide array of luxury homes that are yet less expensive than those in nieghboring High Desert. Glenwood Hills, which was "the" place to build a luxury home in the 1970's is located here, but so a a few neighborhoods of more modest homes a bit closer to I-40. Prices anywhere from the low-to mid $100,000's all the way up to nearly $700,000 can be found 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:$775,000High:$600,000High:$550,000
Low:$131,000Low:$147,000Low:$150,000
Average:$318,191Avg:$287,067Avg:$284,128
In 2007, 166 single family homes sold in this area. Average time on the market was 33 days.
In 2008, 128 single family homes sold in this area. Average time on the market was 109 days.
In 2009, 103 single family homes sold in this area. Average time on the market was 132 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.