Reno Foreclosure Blog

Market area: Reno, NV. – Arrowcreek

Appraised property located on Rabbit Ridge Ct

Search parameters:

1 story homes

Gross Living Area:  2,228 SF to 3,342 SF

Age: 1992 to 2011

Current median price = $385,000

Median price from 6/15/05 to 6/15/06   =  $770,000

Percent decline  =   50%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 8/27/2011

Base/List Date/Current: 8/27/2011

Foreclosures                        =     3      

Short Sales                          =     6

Arms lengths                       =     11

Total Sales last 12 months   =     20

Percent Special Conditions      =          45%

Percent Short Sales                 =          30%

            Median $         =          $412,500         Avg = $414,095

            Hi $                 =          $650,000

CURRENT LISTINGS  =  18   Median days on market = 92

Foreclosures                       =   0         

Short Sales                         =   6

Arms length                        =   12

Percent Special Condition       =          33%

Percent Short Sales                 =          33%

Median $         =          $435,000         Avg = $442,272

Hi $                 =          $619,900

Low $              =          $329,900

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 8/27/11 = 18