Thinking of moving into the Albuquerque market. I have several family members who live in the area. I think I see something interesting happening that I'd like to take advantage of. Feel free to call me all the four letter words you'd like to... just hoping to get some realistic feedback from you.
From what I understand the price difference between homes in NorthEast Albuquerque and Rio Rancho was around $40k a year ago, but now is around $100k (NE being more expensive). This is due to the fact that NE is running out of land to build on. My reasoning would suggest that Rio Rancho is a bargain right now (new 2,000 sq ft homes for sub $200k), and that demand will start to shift to Rio Rancho from the east side. Over time, the prices in Rio Rancho will rise at a faster rate than NE, closing the gap.
Anyone familiar with the market care to weigh in?
Hey, I'm just trying to make a few bucks so I can get an early RS
