Property prices for sale in Albuquerque (New Mexico)
The prices in real estate in Albuquerque, in the New Mexico region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Albuquerque has fallen in the last 6 months. In October, the average price per sq.feet was $219. In the following month the price per sq.feet decreased considerably to $178. In the following two months the price per sq.feet has barely changed, going from $198.5 to $194.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $196.5 to $188 during February y March
Based upon to the price in Albuquerque (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $410,082. In November This price remains at $394,113. In the following two months the average price has remained the same with regard to the previous two months from $402,097.5 to $385,261.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $393,679.5 to $363,114.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $374,484 they are 28 % more affordable than the average price for Albuquerque. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $346,774.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $183 / sq.feet price in Albuquerque. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 4 bedrooms with a price at $185 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $374,484 it is 45 % cheaper than the average price in Albuquerque. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $385,007 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $166 / sq.feet followed by "Commercial" priced at $177 / sq.feet. "Land" is the most costly type of property with a $70,069 / sq.feet cost followed by "Condo" with an average price of $216 / sq.feet.
