Real Estate
Albuquerque, New Mexico (NM)
Since its settlement in 1706, Albuquerque, New Mexico, has grown into a metropolis of over 700,000 people. The Sandia Mountains tower over one side of Albuquerque, while the Rio Grande Valley stretches out from the opposite side. The history and Southwestern culture of New Mexico add flair and flavor to the industry and economic progress of the city.
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| Population 448,607 | Median Age 34.9 yrs | Household Size: 2.40 |
| Avg Commute: 20.4 min | Avg Income $38,272 | Avg Home Value: $127,600 |
| July High: 91.5°F | January Low: 22.2°F | |
Welcome to New Mexico Real Estate
New Mexico has grown by 25% since 1990, beating the national growth average by 7%. Despite this incredible growth, the state's population remains below 2 million, although it is the 5th largest state in land area, and with only 12 people per square mile, it is one of the least population-dense states, with more sheep and cattle than people.
Along with a rural atmosphere, New Mexico offers Mexican ambiance. Originally owned by the Spanish, it is now a bilingual state (Spanish and English), and has plenty of Spanish-style architecture. New Mexico hosts an annual Hot Air Balloon Fiesta, and the annual Whole Enchilada Fiesta, where the world's largest enchilada is made.
The average New Mexico home sold for $189,000 in 2004, but prices in the Santa Fe area are over double the price of the state average.
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| Alamogordo | Albuquerque | Cedar Crest |
| Corrales | East Mountains | Espanola |
| Las Cruces | Los Alamos | New Mexico |
| Rio Rancho | Santa Fe | Tijeras |
Home Values in New Mexico
Doing your research on home values in New Mexico may be the factor that determines whether your home sells right away, or stays on the market for months. It’s important to charge the right price to begin with, based not only on the evaluation, but on the current market and the demand for homes in New Mexico. Continue reading, and we’ll help you get through your home’s sale with the minimum in stress.
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®