Area Spotlight - North Valley Edition

The North Valley of Albuquerque offers a diverse region of both new and older homes.  Within North Valley Albuquerque there are three distinct jurisdictions: the City of Albuquerque, the Village of Los Ranchos de Albuquerque, and the land that lies in the unincorporated area of Bernalillo County.

North Valley boundaries obtained from the City of Albuquerque website define this community as being north of I-40, west of I-25, east of the Rio Grande River and south of the Sandoval County line.   These are same boundaries for the combined SWMLS Areas 100, 101 and 102.

Housing Statistics

Detached, single-family home sales

North Valley Sales Med Sale Price Avg Sale Price Avg Price/SqFt
2000 360 $149,500 $209,253 $102.52
2001 370 $139,000 $186,082 $97.53
2002 472 $144,584 $202,655 $104.25
2003 481 $159,650 $223,504 $109.45
2004 490 $178,720 $233,564 $117.02
2005 571 $210,000 $261,948 $131.30
2006 514 $240,000 $319,014 $155.84
2007 425 $247,900 $331,608 $164.08
2008 282 $233,146 $329,032 $160.97
2009 283 $219,000 $276,620 $138.80
2010 317 $217,900 $266,693 $130.60


Attached, condo/townhomes sales

Attached Sales Med Sale Price Avg Sale Price Avg Price/SqFt
2000 41 $99,000 $112,353 $83.29
2001 42 $103,750 $115,303 $84.91
2002 64 $106,250 $114,698 $88.78
2003 61 $112,000 $126,812 $94.57
2004 90 $110,905 $129,707 $99.85
2005 107 $121,911 $136,972 $109.84
2006 124 $144,500 $159,635 $134.83
2007 103 $161,250 $174,669 $143.29
2008 69 $155,000 $172,104 $135.30
2009 75 $138,500 $144,287 $120.24
2010 66 $140,250 $151,181 $111.00



Notes: Data used in this report represents MLS listings reported sold from 2000 to 2010 for SWMLS Areas 100, 101 and 102.  Data is deemed reliable but not guaranteed. Information may differ from Annual reports due late reporting of closed sales.
 

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Thank you so much for the MLS Area Spotlights! I'm a recently transplanted broker from California, so these snapshots covering the past decade offer a great overview of market performance, right up to the present! Nice to have a handle on the market here from a historical perspective. This is most helpful to me and my clients. Much appreciated!

 

Tami Linder

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