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January 28, 2008

Discover Albuquerque

Filed under: Real estate news and opinion — Colleen Morrison @ 4:51 pm

The American Southwest is an almost magical region, a blend of cultural traditions and geography that invite discovery. No place are those special qualities shown to better effect than in the state of New Mexico. New Mexico truly is a Land of Enchantment, as promised on the state’s license plates. Rolling plains, forests and deserts combine to create a landscape that is stunningly beautiful. New Mexico’s people are a fascinating blend of American Indian, Spanish, Mexican American and cowboy cultures. Ancient peoples created sophisticated civilizations here. Despite their harsh treatment of indigenous peoples, Spanish missionaries introduced European culture to societies along the Rio Grande. Situated on the Rio Grande, nearly in the middle of the state, lies the city of Albuquerque, rich in history and favored by climate and location.

Great Deals for Homebuyers

There is good news for investors seeking opportunities in Albuquerque’s vital real estate market today: at long last, the market has become favorable for buyers. Make no mistake, people are still purchasing property in the city. The current softer market follows a period of rapid appreciation in real estate, affording some great deals for homebuyers as well as for those who want to purchase real property as an investment. And who wouldn’t love to have a place in Albuquerque?

Sunny Winter Weather Invites Skiers

Albuquerque is New Mexico’s largest city, centrally located at the junction of two major interstate highways, I-40 and I-25. The name of the city’s airport, Albuquerque International Sunport, says it all: the sun shines more than seventy-five percent of the time here. The sunny winter weather invites skiers to enjoy the slopes at Sandia Peak, while gorgeous summer days attract visitors who shop and dine their way around historic Old Town. And the first week in October, Albuquerque’s International Balloon Fiesta attracts thousands of visitors, and hundreds of balloons, from around the globe.

Home to a Rich Collection of Neighborhoods

Albuquerque is home to a rich collection of neighborhoods. Downtown Albuquerque is the city’s business and financial center; each summer, Civic Plaza plays host to Summerfest, an annual celebration of New Mexico’s diverse cultures that showcases regional ethnic food, music and dance. Here, home buyers and investors will find elegant lofts, chic townhouses and historic homes. Nob Hill and the University district are characterized by an eclectic architectural mix that feature galleries and coffee houses attractive to the college crowd. Sandia Heights, at the foot of the pink granite Sandia Mountains, offers a variety of opportunities for outdoor adventures, including hiking trails and launching points for hang gliders. This neighborhood is also the site of many of the city’s wealthier, more upscale communities. In Northeast Heights, buyers will find family neighborhoods built around parks and schools.

Sandia National Laboratories Attracts Researchers

The city is just right for those who want an urban lifestyle on a more intimate scale. Home to approximately 820,000 people, it is supported by a diverse and healthy economy. The University of New Mexico, with more than 26,000 students and a large work force, adds millions of dollars to the local economy. The School of Medicine attracts businesses and manufacturing related to the health care industry. The manufacturing sector includes high tech firms and representatives of the air and space industry. Sandia National Laboratories attracts researchers from around the world to explore new forms of science-based technology. And Albuquerque’s location in the center of the state provides access to the state’s many attractions.

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