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11-09-2007, 08:52 PM
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Senior Member
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Join Date: Oct 2007
Location: Albuquerque,New Mexico
3,703 posts, read 2,699,741 times
Reputation: 1211
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Farmington top 5 in nation for housing increase
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky Mountain states, parts of Texas, the Pacific Northwest and the Southeast. The markets most defying the national meltdown include Beaumont-Port Arthur, Texas, Salem, Ore., and Farmington, N.M.
Farmington seems to be doing better than the rest of the nation.
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11-10-2007, 10:15 AM
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It's snowing...!! :-)
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Join Date: May 2006
Location: The Great Southwest
4,035 posts, read 3,061,026 times
Reputation: 916
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Quote:
Originally Posted by desert sun
Salt Lake City isn't the only anomaly. Prices are rising in other parts of the Rocky Mountain states, parts of Texas, the Pacific Northwest and the Southeast. The markets most defying the national meltdown include Beaumont-Port Arthur, Texas, Salem, Ore., and Farmington, N.M.
Farmington seems to be doing better than the rest of the nation.
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They aren't kidding about Farmington. I have never seen prices that high in the Southwest before. What I ended up buying in Alamo would have cost me around $45-50K MORE in Farmington.
It is hard not to be envious of their weather (they cool off a lot sooner than Alamo does), but their housing is something else. |
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11-10-2007, 12:21 PM
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Senior Member
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Join Date: Oct 2007
Location: Albuquerque,New Mexico
3,703 posts, read 2,699,741 times
Reputation: 1211
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but their housing in Farmington pays off alot more,I know this guy that made a $50,000 profit on his house after 4 or 5 years in Farmington.Most of eastern new mexico dosent really see too much growth(except for hobbs) and dont really have anything that attracts someone to move there,therefor making housing cheaper.
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11-10-2007, 02:05 PM
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It's snowing...!! :-)
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Join Date: May 2006
Location: The Great Southwest
4,035 posts, read 3,061,026 times
Reputation: 916
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Quote:
Originally Posted by desert sun
but their housing in Farmington pays off alot more,I know this guy that made a $50,000 profit on his house after 4 or 5 years in Farmington.Most of eastern new mexico dosent really see too much growth(except for hobbs) and dont really have anything that attracts someone to move there,therefor making housing cheaper.
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Plus the fact that Farmington is so close to CO.
Alamo (which is actually more south central NM than eastern) is growing at a steady, slow pace, though, and that's nice......I don't like the heat in the summer, but the mountains all around are wonderful to look at every day. And....all those nice mountain communities nearby..! |
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