Albuquerque Areas Home Sales Highlights

This report highlights some of the 2010 market trends for single-family detached sales reported in the Southwest MLS. The data included in the report are sold listings in the city of Albuquerque Market Areas (10-121). 

 Trend 1:Days on Market until sale

Highest	Area #	Area Name	DOM
1	32	Academy West	57
2	50	Northeast Heights	57
3	90	Near South Valley	58
4	41	Uptown	63
5	21	ABQ Acres West	64
6	111	Ladera Heights	64
7	92	Southwest Heights	66
8	110	Northwest Heights	68
9	42	Uptown	68
10	91	Valley Farms	69

Lowest	Area #	Area Name	DOM
1	31	Foothills North	115
2	10	Sandia Heights	111
3	102	Far North Valley	108
4	60	Four Hills Village	94
5	20	North ABQ Acres	91
6	100	North Valley	85
7	101	Near North Valley	85
8	70	Fairgrounds	82
9	93	Pajarito	78
10	80	Downtown Area	77

Trend 2: Percent of Original List Price Received

Highest	Area #	Area Name	% of OLP
1	21	ABQ Acres West	94.2
2	92	Southwest Heights	94.1
3	110	Northwest Heights	94.1
4	120	Paradise West	94.0
5	32	Academy West	93.3
6	51	Foothills South	92.9
7	50	Northeast Heights	92.9
8	41	Uptown	92.9
9	121	Paradise East	92.8
10	30	Far NE Heights	92.4

Lowest	Area #	Area Name	% of OLP
1	102	Far North Valley	80.0
2	93	Pajarito	86.6
3	80	Downtown Area	88.8
4	101	Near North Valley	89.7
5	70	Fairgrounds	89.7
6	103	West River Valley	89.8
7	10	Sandia Heights	89.9
8	60	Four Hills Village	90.6
9	40	UNM	90.6
10	31	Foothills North	90.7

Trend 3: Change in Average Sale Price from previous year.

Highest	Area #	Area Name	% change	Annual SP
1	93	Pajarito	42.3%	$154,895
2	103	West River Valley	12.7%	$439,162
3	31	Foothills North	11.3%	$559,317
4	21	ABQ Acres West	8.6%	$329,623
5	102	Far North Valley	8.2%	$300,809
6	90	Near South Valley	6.9%	$118,884
7	51	Foothills South	3.9%	$295,151
8	70	Fairgrounds	2.4%	$149,493
9	71	Southeast Heights	1.0%	$187,180
10	42	UNM South	0.8%	$211,784

Lowest	Area #	Area Name	% change	Annual SP
1	10	Sandia Heights	-10.9%	$414,436
2	60	Four Hills Village	-9.5%	$295,395
3	80	Downtown Area	-8.8%	$187,209
4	100	North Valley	-8.6%	$297,045
5	111	Ladera Heights	-6.1%	$154,522
6	121	Paradise East	-4.6%	$212,224
7	50	Northeast Heights	-3.8%	$163,502
8	120	Paradise West	-3.7%	$177,183
9	92	Southwest Heights	-3.4%	$124,214
10	20	North ABQ Acres	-2.7%	$571,502

Trend 4:Price Per Square Foot

Highest	Area #	Area Name	$/sqft
1	31	Foothills North	$188
2	10	Sandia Heights	$163
3	20	North ABQ Acres	$158
4	103	West River Valley	$155
5	40	UNM	$149
6	21	ABQ Acrse West	$143
7	42	UNM South	$138
8	100	North Valley	$132
9	30	Far NE Heights	$131
10	102	Far North Valley	$128

Lowest	Area #	Area Name	$/sqft
1	90	Near South Valley	$76
2	92	Southwest Heights	$80
3	93	Pajarito	$81
4	91	Valley Farms	$89
5	120	Paradise West	$95
6	111	Ladera Heights	$95
7	70	Fairgrounds	$96
8	121	Paradise West	$100
9	71	Southeast Heights	$103
10	50	Northeast Heights	$104

Notes: Data used in this report represents the 4,675 Residential Detached listings reported sold in the 2010 Gaar Annual Report.  The Areas represented include only the Albuquerque Market Areas 10 thru 121.  Data is deemed reliable but not guaranteed.

Notes on Table1: DOM is the Average Days on Market.

Notes on Table 2: In order to increase the accuracy of the OLP (Original List Price,) corrections were made to the original listing price on 12 MLS listings that had included data entry errors in the original list price.