The Relatively Recent Panache of North Valley Real Estate

When I was growing up in a respectable Mossman home in the northeast heights, I recall my parent's disdain of the North Valley. It was scary to them---a place they believed was full of crime and crumbling old homes. Boy, has that shifted!

A dear friend of mine bought three acres in the north valley thirty years ago for a total of $24,000, mainly because she loved the beautiful cottonwood trees (above) that filled what became the backyard of her home. A vacant acre next door to her recently sold for half a million bucks. I have a relative whose North Valley home is worth ten times what she paid for it back when I was a kid. I find it fascinating that the North Valley has become, arguably, the most prestigious area in greater Albuquerque. Mom and Dad would be very surprised...

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Comment by Jesstagirl on July 8, 2008 at 11:14am
My parents weren't fond of the North Valley either! And because of that, I never ventured to the other side of the freeway...until I came back from college, that is. It's an amazing place, and now my parents don't mind driving a little more to venture into the N. Valley.

...that is A LOT of water though. When I first saw the picture I really didn't think it was from here. Too much water used to make it that green, in my opinion.
Comment by Adelita on July 8, 2008 at 11:28am
Growing up, I had a friend from school whose parents wouldn't let her come to my house because I lived in the valley. How crazy! Maybe I was too young to remember at the time, but I don't remember more crime happening down here than in the Heights.

The North Valley has so much soul and history. I'll take my 950 sq. ft. casita on a 1/2 acre over a mass produced house in the Heights any day!
Comment by freekbuoy on July 8, 2008 at 12:32pm
My grandpa built a house in the N.V. in the forties - started with one bedroom (adobe) and built on over the years. Guess it was a bit rough back then, because once the fam had the money, they moved to the NE Heights.
Seems that trend has reversed itself.
Comment by Pat O. on July 8, 2008 at 12:38pm
In the Valley (north, south, Old Town or the Country Club), the cottonwoods have long roots, and get their water from the water table, so they need little irrigation. On the other hand, grass has short roots, so they have to be watered by hand.

I used to know a woman who rented a North Valley house that had water rights, and she watered the lawn and garden directly from an irrigation ditch, on a schedule set by the water master. When you have water rights a yard can be pretty lush.
Comment by Phil_0 on July 8, 2008 at 7:23pm
Yeah, the North Valley is beautiful! But it's been a long time since it's had a bad reputation...sizable chunks, at least (Los Ranchos, Corrales, Matthew Meadows, etc.) have been high-priced, more-or-less exclusive real estate for the last 20 years at least.
Comment by Joe S Sausage on July 8, 2008 at 7:26pm
I live in the NV, my shop is in the north valley it's pretty shweet. i've got a sweet little adobe on an acre of land in alameda. lots of open space for my dogs and for me to bike or jog, it's pretty cool and it's becoming the sausage capital of the US!!!
Comment by thorstad on July 8, 2008 at 7:56pm
Is that a ghost horse?
Comment by Jill on July 9, 2008 at 1:59pm
I visited ABQ in May of this year, spending time with a friend in Tijeras and also checking out the real estate market in Rio Rancho. My friend have been telling me that there just isn't enough water for anyone else to be moving to NM. Does anyone else agree with this?

If this is the case, I don't want to add to the problem by moving there, even though that is where my heart is. I lived there from 1973 - 1977, and when I left I promised myself that I would come back some day.
Comment by Adelita on July 9, 2008 at 2:17pm
Cupcake Pharoah, I live off of Griegos! It's a great neighborhood.
Comment by JMG on July 9, 2008 at 4:40pm
Speaking of NV houses on the irrigation ditch with water rights, there is an abandoned house in the process of foreclosure on 8th St., just before it deadends at a sheep pasture before Griegos. You turn west on Freeman off North 4th St. (near El Mezquite market and the guy selling yuccas), then north on 8th St. This old house will probably be condemned and I'm not sure how much they'll sell the property for. It looks pretty awful now, but it's right on the Harwood Lateral, and those on the block with water rights have lush backyards!

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