Reno Foreclosure Blog

Market area: Reno, NV. – Sun Valley

Appraised property located on Tornado

Search parameters:

1 story homes

Gross Living Area:  1,318 SF to 1,610 SF

Age: 1986 to 2006

Current median price = $125,000

Median price from 6/15/05 to 6/15/06   =  $290,500

Percent decline  =   57%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 4/12/2011

Base/List Date/Current: 4/12/2011

Foreclosures                        =     11    

Short Sales                          =     14

Arms lengths                        =     5

Total Sales last 12 months    =     30

Percent Special Conditions      =          83%

Percent Short Sales                 =          47%

            Median $         =          $126,700         Avg = $129,421

            Hi $                 =          $150,000

CURRENT LISTINGS  =  18   Median days on market = 116

Foreclosures                       =   6         

Short Sales                         =   11

Arms length                        =   1

Percent Special Condition       =          94%

Percent Short Sales                 =          61%

Median $         =          $114,950         Avg = $117,708

Hi $                 =          $135,000

Low $              =          $105,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 4/12/11 = 18