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Donna Stark- Real Estate in New Mexico
I was born in Albuquerque and my family has lived in the area for many years – so I can give you the insider perspective on buying and selling Real Estate in New Mexico.
As the preeminent Real Estate professional for over 16 years, I am dedicated to providing the finest service available while breaking new ground.
Known for being one of the best places in the world to view the night sky, visitors come from the big cities to admire the beauty and brightness of New Mexico’s sky. Many of them make it a permanent home once they’ve experienced the amazing landscapes and great livable conditions in the Southwestern communities.
New Mexico Real Estate prices have traditionally been some of the lowest in the country. With the inflow of people from other states, prices have increased dramatically. A single family home in Santa Fe will set you back in the $500,000 range, while the same home will run half that in Albuquerque. Taos homes vary entirely on the specific structure. Appreciation rates for New Mexico in 2005 were nearly 12 percent.
The Albuquerque – Santa Fe metro area includes six major communities, making it the center of the state’s commercial and governmental activities. These are the most popular places for Real Estate in New Mexico. The overall cost of living in Albuquerque is 18% below the national average, with a median home price of $185,000 in the Albuquerque metro areas. Santa Fe, one of the oldest cities in the USA, is a much more expensive place to live, with median home prices rising above $400,000, with few homes selling for anything below $250,000. Helping to balance the costs of some of the more expensive areas, New Mexico’s residential and commercial property taxes are among the lowest in the United States, with tax rates depending on the property type and location.
Real Estate Market Stats
Zillow Home Value Index
Owners vs. Renters
Home Size in Square Feet
Year Built
| Local | National | |
|---|---|---|
| Percent Listing Price Reduction | 36.9% | 26.9% |
| Median List Price | $179,900 | $182,000 |
| Property Tax | $1,731 | $2,112 |
| Median Value Per Sq Ft | $106 | $106 |
| >Homes For Sale By Owner | 41 | 45,505 |
| >New Construction | 105 | 43,680 |
| >Foreclosures | 1,340 | 563,092 |
Though Santa Fe is very expensive, if you can afford it, it is a wonderful place to live. It’s beautiful, has a strong and flourishing culture and many of the events and issues that take place here are interesting and entertaining. This area has exceptional weather. The high-desert offers the delights of sunshine (about 300 days per year) and low humidity but not the scorching temperatures of the lower elevations.
Everything you need to know about buying or selling a home can be found here on my Web site. Because the Real Estate industry, and Real Estate in New Mexico is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
My family has lived in Albuquerque for many years so I know all the neighborhoods! I can find one that fits both your budget and your lifestyle, and have fun doing it!





