Albuquerque’s Best Performing Real Estate Areas For 2018
What were Albuquerque’s best performing Real Estate areas for 2018? We can answer this question for you. Let’s take a look at the best preforming real estate areas based on the average sale price.
The Greater Albuquerque Association of Realtors (GAAR) divides the city of Albuquerque into 29 “areas”. GAAR reports the average sales price and the number of homes sold in each of these areas in their annual market statistics report.
Let’s get right to the answer. We compared average sales price in each of the 29 areas for the 2017 year end report and the 2018 year end report. Here are the top five areas that saw the largest increase in average price on a year over year basis.
| Area | 2018 Average Sales Price | 2017 Average Sales Price | Percent Increase | 2018 Volume # Of Units | 2017 Volume # Of Units |
| Valley Farms | $201,113 | $164,240 | 22.45% | 102 | 82 |
| Sandia Heights | $509,931 | $444,338 | 14.76% | 87 | 87 |
| Southeast Heights | $206,430 | $184,201 | 12.07% | 244 | 227 |
| Foothills North | $608,794 | $550,107 | 10.67% | 115 | 140 |
| University Of NM South | $257,825 | $233,521 | 10.41% | 196 | 211 |
Albuquerque NM Average & Median Sales Prices 2018
Median sales price for all homes sold in Albuquerque for 2018 is $199,000.
Average sales price for all homes sold in Albuquerque for 2018 is $233,206.
The data in this article is produced by the Greater Association of Albuquerque’s 2018 Annual Report. This data is for single family detached homes in Albuquerque.
Please note that you may find different numbers for the average and median sales prices in Albuquerque. Most real estate agents will post the average and median sales prices in reported by the Greater Albuquerque Associations Realtors (GAAR)in their monthly or annual reports. The median and sales prices reported by GAAR are for all homes sold in the SWMLS. Our numbers are calculated by downloading data for sales just for the city of Albuquerque.
All this data is from the Southwest Multiple Listing Service (SWMLS). This data does not include any information regarding for sale by owner (FSBO) in Albuquerque NM.
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