Albuquerque Northeast Heights, New Mexico
Average Home Sizes and Asking Prices
Updated On: August 5, 2015
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Homes for Sale in Albuquerque Northeast Heights
Albuquerque Northeast Heights Real Estate & Homes for Sale in New Mexico
Northeast Heights Albuquerque stretches from the University of New Mexico (UNM) east to the foothills of the Sandia Mountains, and from Central Avenue (old Route 66) north to Paseo Del Norte. The towering Sandia and Manzano mountains to the northeast, east and southeast, and a high volcanic mesa to the west surround Albuquerque's Northeast Heights.
Since the Rio Grande River also serves as a natural westerly boundary, a major push in population in the past century has been to the east toward the mountains. The area's mountain boundaries prevent over-development and allow residents to choose from some of Northeast Heights's most valuable subdivisions. Much of the area has a high desert setting with spectacular views of the city lights. Real estate options in Northeast Heights Albuquerque consist of master-planned communities, condominiums, and townhouses.
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Local Real Estate Market: Price Range of Albuquerque Northeast Heights Homes
Each section of Northeast Heights offers a diverse range of housing opportunities through a network of unique subdivisions and neighborhoods. Both Sandia Heights and North Northeast Heights Acres offer executive homes on lots up to one acre in size. Prices range from $200,000 to more than $1 million. Condominiums and townhouses can be found ranging in price from under $100,000 to more than $300,000 for larger models with city lights views. Northeast Heights is primarily composed of suburban neighborhoods, such as Sandia Heights, Glenwood Hills, Four Hills and High Desert. Near-Heights neighborhoods of Ridgecrest and Nob Hill are close to UNM and offer fine dining, shopping and unique cultural activities. Other Near-Heights communities include University Heights, La Mesa, Victory Hills, Trumbull, Silver Hills and Kirtland. Large numbers of substantial brick homes and wood frame, California-style bungalows set amidst mature trees and established landscaping are available. Home prices in these areas range from $100,000 to more than $1 million.
Albuquerque Northeast Heights Real Estate Stats and Trends for the week of August 3rd, 2015: homes priced around $237,946 compared to $241,729 the previous week, showing a decrease of less than -2%. For Wednesday, August 5th, the current national mortgage rate for a 30 year fixed mortgage is 3.90%; the 15 year fixed rate is at 3.01%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.29%, while the 15 year jumbo rate currently is at 3.86%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Albuquerque Northeast Heights NM. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Albuquerque Northeast Heights to help you find the best home!