Near South Valley
The near South Valley is also home to a large number of affordable starter homes, along with some extremely elegant estates. The area lies along the bosque of the Rio Grande, with large green cottonwoods ploviding welcome shade and coolness to many properties here. You can still pick up single family homes priced in five figures here, or you can consider some large estates on lush acreage that may fetch nearly 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:$675,000High:$675,000High:$475,000
Low:$40,000Low:$7,500Low:$15,000
Average:$137,502Avg:$124,590Avg:$111,204
In 2007, 216 single family homes sold in this area. Average time on the market was 37 days.
In 2008, 142 single family homes sold in this area. Average time on the market was 76 days.
In 2009, 108 single family homes sold in this area. Average time on the market was 104 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.