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North Valley Albuquerque and Los Ranchos Area Homes by Price Range and Features
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About North Valley Albuquerque, New Mexico:
The North Valley, which includes the Village of Los Ranchos de Albuquerque, is located along the Rio Grande and is considered the rural heart of Albuquerque. With its tall trees, green pastures and beautiful nature filled settings, it offers the opportunity to be in the City, yet with a true rural feel in many parts.
While there are many residential neighborhoods here that are typical of other Albuquerque Real Estate, there are also farms, mini-ranches, larger lots, and estate properties. While you might live in a groomed subdivision in the North Valley, your drive home can include seeing goats, chickens, cows, and of course horses out in their pastures.
I have lived mostly in the North Valley and love the area. Being from a hobby farm in Minnesota, I just feel comfortable in this more rural atmosphere. Some of my favorite things about the valley include the acequias (irrigation ditches) providing limitless trails for walking the dogs and horseback riding, the Los Ranchos Growers Market, and the quick accessibility to most areas of Albuquerque. The growers market is on Saturday mornings and provides an excellent source for local produce, meats, as well as arts & crafts.
The North Valley offers a variety of outdoor activities for the whole family. To me, the highlight is the Paseo del Bosque Trail.
amp;North Valley Areas Housing Market Trends
Average Price is calculated by dividing the number of homes sold by the total dollar amount of the sales. Average price is not a true measurement of appreciation/depreciation but shows trends.
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Median Price is the middle price point of all homes sold. Said another way… half the homes sold for more and half the homes sold for less. A good indicator of housing price trends.
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Home Inventory helps identify trends in supply and demand in the market. This chart shows Active (for sale) properties vs. Sold properties
amp;North Valley Areas Home Inventory Supply. Active vs. SoldThis widget is temporarily unavailable. Please refresh the page or try again later. Error code:
Absorption Rate is a measurement of Supply vs. Demand. It is calculated by dividing the number of homes sold in a month by the number of homes on the market. A higher number equates to more supply and a lower number means less supply. A 6 month supply is generally considered a Balanced Market.
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Days on Market is another good indicator of Supply vs. Demand trends. It is number of days a listing is active in MLS before it is Pending. Average days on market is calculated by adding days on market of all listing and dividing by the number of listings.
amp;North Valley Areas Average Days On Market
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Listing Price to Sale Price Ratios give us an indication on how much (on average) homes prices are being discounted off the listing prices. This chart shows us both the discount from Original Listing Price to final sale price, and also List Price (at time of contract) to final sale price.