5 Best Performing Albuquerque Real Estate Markets 2015

You have probably heard the saying all real estate is local. That statement is absolutely true in the Albuquerque real estate market. I took a look at the Albuquerque real estate market and the Albuquerque real estate sub markets to determine which markets performed the best. We looked at the sub markets with the largest increase in average price of homes sold. Listed below are the 5 best performing Albuquerque real estate markets 2015. The average price of a home in the Albuquerque real estate market was 1.47%. However, several real estate sub markets in Albuquerque performed much better.

5 Best Performing Albuquerque Real Estate Market 2015

The best performing area in Albuquerque is Pajarito, the average home price increased in value by 11.68% in 2015 compared to 2014. The average sales price increased to $142,741 in 2015 from $127,818 in 2014. There were a total of 18 homes sold in this area for the year of 2015. Pajarito is roughly defined in the Multiple Listing Service as the area bounded by Dennis Chavez Boulevard to the north, Isleta Boulevard to the East, Los Padillas Road to the south, and Powerline Road to the west.

The second best performing area in Albuquerque is Foothills South, the average home price increased in value by 10.6% in 2015 compared to 2014. The average sales price increased to $294,726 in 2015 from $266,475 in 2014. There were a total of 154 homes sold in this area for the year of 2015. Foothills South is roughly defined in the Multiple Listing Service as the area bounded by Montgomery Boulevard to the north, Sandia Mountains to the East, Interstate 40 to the south, and Tramway Boulevard to the west.

The third best performing area in Albuquerque is Southeast Heights, the average home price increased in value by 9.97% in 2015 compared to 2014. The average sales price increased to $196,317 in 2015 from $178,517 in 2014. There were a total of 182 homes sold in this area for the year of 2015. Southeast Heights is roughly defined in the Multiple Listing Service as the area bounded by Central Avenue to the north, Singing Arrow Park Path to the East, Kirtland Air Force Base to the south, and San Mateo Boulevard to the west.

The fourth best performing area in Albuquerque is Four Hills, the average home price increased in value by 9.36% in 2015 compared to 2014. The average sales price increased to $320,345 in 2015 from $292,915 in 2014. There were a total of 90 homes sold in this area for the year of 2015. Four Hills is roughly defined in the Multiple Listing Service as the area bounded by Central Avenue to the north, Manzano Mountains to the East, Kirtland Air Force Base to the south, and Singing Arrow Park Path to the west.

The fifth best performing area in Albuquerque is Academy West, the average home price increased in value by 8.23% in 2015 compared to 2014. The average sales price increased to $231,255 in 2015 from $213,673. There were a total of 184 homes sold in this area for the year of 2015. Academy West is roughly defined in the Multiple Listing Service as the area bounded by Paseo Del Norte to the north, Wyoming Boulevard to the East, Montgomery Boulevard to the south, and Interstate 25 to the west.

As a bonus, the sixth best performing area in Albuquerque is Southwest Heights, the average home price increased in value by 8.14% in 2015 compared to 2014. The average sales price increased to $124,401 in 2015 from $115,040. There were a total of 761 homes sold in this area for the year of 2015. Southwest Heights is roughly defined in the Multiple Listing Service as the area bounded by Central Avenue to the north, Coors Boulevard to the East, Dennis Chavez Boulevard to the south, and Atrisco Vista Boulevard to the west. There you have the 5 best performing Albuquerque real estate markets 2015.

Call Myers & Myers Real Estate Today if you want to buy or sell a home in Albuqueruqe.

All date is provided by the Greater Albuquerque Association of Realtors Annual Market Statisics.