Current Housing Market for Albuquerque ?? (Santa Fe, Rio Rancho: sales, condo, mobile home)

[silverfox]

Hi,

We are Retired and living in the Great Pacific Northwest but have been considering moving to a warmer climate for quite some time.
I could go back and look at earlier threads for reference but the markets are changing so fast I would like to find out what the Current Housing Climate is at this point, and if it is still comming down.

Are there any Nice 55+ active adult communities in the area. That would probably be our 1rst choice if possible.

As an example, what would $200,000 cash buy in a good area.

Anything ??

[nmguy]

You might want to take a look at Del Webb's Alegría development in Bernalillo, close to Río Rancho.

Del Webb at Alegria: Bernalillo, NM, New homes by Del Webb

[Burquebinder]

While Albuquerque is heavy on the sunshine, I thought I'd point out that, depending on where you live in the Pacific Northwest, the climate in ABQ, while pretty moderate, is likely actually a bit colder in the winter than where you currently are. However it's likely a bit warmer during the summer/fall months (but not much). This is especially true if you live west of the cascades. Keep in mind that Albuquerque is roughly a mile in elevation. Nearby Santa Fe posts summer temperatures that are very similar to Seattle, and winter there is a fair bit colder than Seattle.

I'm not saying it's a bad place to retire, just an FYI. Nearby Texas and Arizona are considerably warmer.

[mdmagana]

Texas and Arizona also have better medical facilities. The quality of health care in New Mexico bites it. I felt this was worth mentioning because it is something my parents overlooked when they retired here.

[ralthor]

I think the only adult communities in Albuquerque are manufactured homes. Sandia Meadows comes to mind as does something in four hills. In which case, $200K is way more than enough. If you are looking for a bigger selection of adult communities you will want to look at Rio Rancho, Los Lunas, Belen, and surrounding areas. I would expect $200K to go plenty far in those areas as well (but no idea).

As far as the current market goes we are something like 10% off our peak and it bounces around whether the average/medians etc are going up or down for the given month.

The median sales price is somewhere around 180K I think, so I could say your 200K will be fine, but that would be a random guess having no idea what you actually want in a house.

[bandelier]

Originally Posted by mdmagana

Texas and Arizona also have better medical facilities. The quality of health care in New Mexico bites it. I felt this was worth mentioning because it is something my parents overlooked when they retired here.

I totally agree about the health care here! Fortunately, we did find a good family doctor. But, I dread the day someone needs to go to the hospital.

[berncohomes]

Four Hills isn't an over 55 community but there are a lot of retired people living there, especially in the Condo's close to the base perimeter fence and Hidden Valley.

[ralthor]

Whoops should of said near four hills not in it. There is a retirement mobile home park near four hills.

[Pretzelogik]

Visit Jubilee Los Lunas - an active adult community in New Mexico This is another option...also you are leaving a no income tax state (not withstanding Gates dads plot) ...for about 5% Income tax...property taxes are about average. Also if allergies/dust are a problem, its get pretty severe in the spring.

[Jimrob1]

After awhile people run out of locations to consider for retirement. We all have to live someplace. Adequate medical care as well as affordable housing, cost of living and climate are all major requirements for the retired person. Hopefully Albuquerque fits the needs and requirements for the OP.