Reno Foreclosure Blog

Market area: East Sparks, NV

2 story homes

1514 sq ft to 2523 sq ft

Age: 1968 to 1988

Date Run: 4/5/2010

Base/List Date/Current: 4/5/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

44

22

9

Absorption Rate (Total Sales/Months)

7.33

7.33

3

Total # of Comparable Active Listings

57

29

NA

Months of Housing Supply (Total Listings/Ab.Rate)

7.77

3.95

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$162,400.00

$160,000.00

$159,900.00

Median Comparable Sales Days on Market

94

71

68

Median Comparable List Price

$165,000.00

$159,900.00

$159,900.00

Median Comparable Listings Days on Market

98

72

NA

Median Sale Price as % of List Price

98%

100%

100%

 

Foreclosures    =          45       

Short Sales      =          14

Arms lengths    =          16

Total                =          75

 

Percent Special Conditions      =          65%

Percent Short Sales                 =          19%

 

Sales last 12 months    =          75

            Median            =          $160,000

            Hi                    =          $225,000

            Low                 =          $96,000

 

Sales last 6 months      =          31

            Median            =          $159,950        

            Hi                    =          $206,000

            Low                 =          96,000

 

CURRENT LISTINGS   =   27

 

            Median            =          $149,000

            Hi                    =          $240,000

            Low                 =          $129,000

 

Foreclosures    =          1         

Short Sales      =          23

Arms length     =          3

 

Percent Special Condition      =          89%

Percent Short Sales                =          85%

          

Median price  from 6/15/05 to 6/15/06 =  $331,000  

Median price last 3 months  =  $159,900      

Percent decline          =          52%

 

Posted by David Lysne on April 5th, 2010 8:59 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Lysne Appraisal Service P.O. Box 17006 Reno, NV 89511
Phone: Fax:

Appraisal Info | Home | Appraiser Licensing | Foreclosure/REO Appraisal

Copyright © 2012 Lysne Appraisal Service
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map