Albany, New York - Real Estate
In addition to being the county seat of Albany County, Albany is the capital of the US state of New York. The city itself has only 95,000 residents, but its surrounding metropolitan area is much larger with a population of over 825,000.
Real estate prices in the Albany area have increased significantly in the past few years, with growth rates roughly in line with the national average. Prices climed 13.8% in 2005, bringing the median price of a single family dwelling to $190,800.
There is little doubt that Albany is quickly becoming a much more expensive place to buy a home, but it is still an attainable market for many first time homebuyers if they know where to look. Foreclosed properties in the region occasionally make it possible to secure incredible bargains on quality low to mid range properties.
To find foreclosures and rock-bottom real estate bargains in Albany, New York and other cities across America, please click here.