Albuquerque North Valley Real Estate & Homes for Sale in Bernalillo County, New Mexico


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Homes for Sale in Albuquerque North Valley

Albuquerque North Valley Real Estate & Homes for Sale in New Mexico

Albuquerque North Valley, New Mexico is Southwestern living at its finest. A seven mile portion of northern Albuquerque, North Valley encompasses the grand tradition of the area with the modern conveniences of New Mexico's largest city. The striking Sandia Mountains are a constant backdrop and the Old Town district is a great reminder of the area's rich tradition. Great dining—especially Mexican and New Mexican cuisine—is at its finest in this area.

Despite North Valley's Old Town charm, it is also one of the most important areas in the city for development. The North Valley area has attracted a number of progressive developments, including high-end retail shops, pedestrian friendly shopping, and new housing options. Conversely, there are also older homes, adobe-styled homes and even ranches on the outskirts of the area.

Like North Valley, the Albuquerque area is a great blend of new and old. As recently as 2007 the area was named as the sixth fastest growing city in America and is attracting a lot of new industries and attractions, but has not abandoned the old traditions that have been in the area since before the 18th century. Home of the University of New Mexico and Kirtland Air Force base, the area has a distinctive blend of a college town and a military town.

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Price Range of Albuquerque North Valley Real Estate Prices

The North Valley portion of Albuquerque is a blend of old and new. It is one of the oldest parts of the city yet is attracting a ton of new development. Whether you are looking for an older home or a recently built dwelling, North Valley can accommodate almost any housing need. There are houses in nearly every price range but the bulk of the homes on the market range from $100,000 to $300,000 with the average home price for the area right around $270,000. Studio condos start as little as $35,000. For those who want to invest some time and money into a restoration project they can find "as-is" homes for $50,000 to $80,000. There are a number of styles and choices in the area, from classic adobe homes in older neighborhoods, to new homes in planned communities. Nice, spacious single-family hones can be found starting at $90,000.

Albuquerque North Valley Real Estate Stats and Trends for the week of March 12th, 2018: homes priced around $845,750 compared to $332,378 the previous week, showing a increase of more than +61%.  For Friday, March 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.25%; the 15 year fixed rate is at 3.66%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.40%, while the 15 year jumbo rate currently is at 4.12%.