Northwest Albuquerque & Northwest Heights Real Estate & Homes for Sale
Northwest Albuquerque encompasses the northwest mesa area of Bernalillo County, west of the Rio Grande River and north of I-40 to the county line. This is the fastest growing area in the city of Albuquerque. The residential neighborhoods and commercial areas in Paradise Hills and Northwest Heights are built on land that was originally part of large ranches and land holdings dating from the 1600s. Real estate options in Northwest Albuquerque and Northwest Heights consist of single-family homes, condominiums and townhomes.(more)
Northwest Albuquerque and Northwest Heights residents enjoy the wide, open spaces and country feel of the area, and have the benefit of easy access to the city's amenities. Other open areas in Northwest Albuquerque include city parks and the 4,300-acre Rio Grande Valley State Park. The Rio Grande bosque (Spanish for woods) along the Rio Grande River in the state park forms a wetland of large cottonwood trees, coyote willow and New Mexico olive, creating a habitat for beaver, numerous bird species, and turtles. Trails for horses, hiking, biking and walking are found throughout the area. The city parks offer tennis courts, swimming pools, athletic fields, a shooting range, a skateboard park, off-leash dog areas, and sports leagues for children and adults.
New Mexico recreational activities include caving, rock climbing, camping, golfing, rafting, kayaking, snorkeling, fishing, cross-country skiing, downhill skiing, snowmobiling, snowboarding and snowshoeing. Albuquerque Public Schools serves the educational needs of the children living in Northwest Albuquerque. The University of New Mexico offers undergraduate and graduate degrees as well as continuing education classes.
Local Real Estate Market: Price Range of NW Albuquerque & NW Heights Homes
Northwest Albuquerque residential real estate consists of single-family homes, condominiums and townhomes. Single-family homes in Paradise Hills are priced from the low $100,000s to the $700,000s. Northwest Heights homes range from below $100,000 to over $1 million. Condominiums and townhomes start below $100,000 in Paradise Hills and Northwest Heights. Lots and land are available for custom building.
Northwest Albuquerque and Northwest Heights, New Mexico Average Home Sizes and Asking Prices
Northwest Albuquerque and Northwest Heights Real Estate Stats and Trends for the week of May 23rd, 2019: homes priced around $299,509 compared to $301,636 the previous week, for a slight decrease of less than -1%. For Thursday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.