It's official - Albuquerque Homes are overpriced! (Santa Fe: appointed, for sale)

[lobo]

Originally Posted by Cathy4017

Interesting....I have been looking (online) in COS also, and I was thinking how much more you get for your money there than in New Mexico. You generally get more square footage for the price, along with a basement.

I don't really like the siding, though, nor the fact that so many are 2-story rather than ranch/one level.

New Mexico is overpriced everywhere, for that matter, especially the northern parts.

I was comparing newer homes being built there on the outskirts to homes on the outskirts here. We went through some homes (2600 - 2800 sq ft) in the springs that were over $300K while out here we have new homes at 2600 sq ft on the northwest side near Volcano Vista HS going for $210K. The ones here are stucco with tile roofs, too which IMO look much nicer.

[nmnita]

Originally Posted by berncohomes

According to Forbes Albuquerque ranks 79 out of 100 cities on America's Housing Affordability column in their Best Bang For The Buck Cities list.

We rank 34 overall on the list with #3 ranking in Job Forecast Rank.

list is here

do you have any idea how often these studies change? I get a big kick out of Forbes because of this.. Next month there will be some other meaningless study done by the magazine..

Nita

[nmnita]

Originally Posted by desert sun

I guess one could say that housing prices might be overpriced for being one of the poorest states in the country(New Mexico).

Now, that I agree with.. We sold our home in Belen for about the same as we purchased here. I can assure you Belen is in a much lower income level than where we live now and we have more house.

Nita

[bradly]

And I dissagree.

[Cathy4017]

Originally Posted by lobo

I was comparing newer homes being built there on the outskirts to homes on the outskirts here. We went through some homes (2600 - 2800 sq ft) in the springs that were over $300K while out here we have new homes at 2600 sq ft on the northwest side near Volcano Vista HS going for $210K. The ones here are stucco with tile roofs, too which IMO look much nicer.

The agent in COS told me that stucco homes do exist in COS, but are priced higher than average. In my price range ($200-250), most are two story with whatever siding. But it's hard to know without visiting the area first, which I probably will later on.

So far, I haven't seen anything that I really am that carried away with, but that's just listings on the internet, and you know how that goes. You really cannot get a feel for the area that way, as you well know. I too, prefer the stucco/tile roofs/tin roofs, etc.

I don't really like the 2-story and wooden floors that are so common. Granted, wood is beautiful, but very impractical in my case.

On the other hand, COS seems to have so much to offer, if you can stand the size--and the traffic of the front range cities.

I might also consider Pueblo.

[Cathy4017]

Originally Posted by Santa Fe

Housing prices are set by supply and demand. It is called the market and it is the way that things are supposed to work in this country. Anybody who wants to can say or think that they are overpriced or underpriced but the market decides.

Exactly.

Just call it "sticker shock", LOL!

[lobo]

Originally Posted by Cathy4017

The agent in COS told me that stucco homes do exist in COS, but are priced higher than average. In my price range ($200-250), most are two story with whatever siding. But it's hard to know without visiting the area first, which I probably will later on.

So far, I haven't seen anything that I really am that carried away with, but that's just listings on the internet, and you know how that goes. You really cannot get a feel for the area that way, as you well know. I too, prefer the stucco/tile roofs/tin roofs, etc.

I don't really like the 2-story and wooden floors that are so common. Granted, wood is beautiful, but very impractical in my case.

On the other hand, COS seems to have so much to offer, if you can stand the size--and the traffic of the front range cities.

I might also consider Pueblo.

Aaak. Pueblo is an ugly pit. You couldn't pay me to live there.

[Cathy4017]

Originally Posted by lobo

Aaak. Pueblo is an ugly pit. You couldn't pay me to live there.

Haven't been there yet (or to the Springs, for that matter) yet....so it remains to be seen.

[rybert]

Originally Posted by lobo

Aaak. Pueblo is an ugly pit. You couldn't pay me to live there.

It's not that bad. Not that great, but not that bad.

[easyjett]

Just recently moving here from Atlanta, Ga, I for one can say home here are higher priced. Granted Atlanta is over developed and has the highest number of banks that have failed & taken over by the government. All that equals out to is a lot of folks ain't making their payments.

In Atl just about every block has a home that has been abandoned and the bank or HUD has taken control. The market there is flooded with these homes. No price range is exempt.

Bottom line though houses are selling here on average about 50k what you could get there. Really it's hard to compare the homes though as it seems popular to cut down on the size of the extra bedrooms. They offset this with higher end features & fixtures.