While we strive for accuracy, the availability of foreclosure properties listed on our site is not guaranteed due to ever-changing market conditions. We invite you to explore other categories, including pre-foreclosures, offering valuable real estate investment opportunities.
Start by searching for available pre-foreclosure properties in your area. These properties aren't usually listed for sale, which means there's less competition from other buyers. Additionally, pre-foreclosures are often sold below market rate, making them great real estate deals. Don't miss out on this opportunity to get a great deal on a foreclosed property
Nob Hill: One of Albuquerque's most vibrant and historic neighborhoods is the Nob Hill with its unique blend of mid-century and modern architecture. Bungalows, trendy condos are some of the real estate options available in this place. Due to its popularity within the neighborhood, walkability as well as vicinity to University of New Mexico among many shops and eateries, foreclosures in Nob Hill can be great investment opportunities.
Downtown Albuquerque: In terms of real estate investment, downtown Albuquerque has become a hive of activity characterized by massive redevelopment projects and growths. Historically residential buildings with contemporary apartment blocks define this area. Foreclosures at Downtown Albuquerque will give you an opportunity to own property at a central location which is close to business centers where there are entertainment hubs like entertainment joints and cultural sites.
West Mesa: A diverse and growing neighborhood on the western edge of Albuquerque. West Mesa offers first time home buyers an opportunity for owning affordable housing including single-family homes in newer developments or other forms of housing options. By buying foreclosure homes here, people can profit from this community that has a high likelihood that it will grow more valuable as it approaches further west compared to other parts in this town.
South Valley: Located just south of downtown Albuquerque, is a semi-rural neighborhood with a rich cultural heritage. Large lots characterize the region while old homes mix with new developments here and there. Foreclosure sales in South valley appeal more for so many reasons but primarily they offer buyers more room to breathe while living closer together than they would if living independently yet being near city centers.
Northeast Heights: A well-established neighborhood in Albuquerque known for being family friendly with good schools.The community comprises houses built around 1950-1970s as well as those constructed currently. Foreclosed properties in Northeast Heights are perfect for potential homebuyers who want to live in a good area with strong ties within the society and nearby parks, malls and other amenities.
These neighborhoods have various characteristics that can make buying foreclosure homes attractive to investors. There are many growth factors associated with each of these areas thus attracting real estate buyers who are willing to invest in such places.
Median Price (12 Mo): $345,000
Median Single-Family Price: $355,000
Median Townhouse Price: $295,000
Median 2-Bedroom Price: $290,000
Median 1-Bedroom Price: $220,000
Average Price Per Sq Ft: $185
Number of Homes for Sale: Approximately 1,800
Last 12 Months Home Sales: Around 10,500 units (up 3% YoY)
Months of Supply: 2.7 months
Median List Price: $349,000
Median Discount From 1st List Price: 2.7%
Median Home Sale Price YoY Change: +2.5%
Percentage Rate of Foreclosure: 0.6%
Foreclosure Data:
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