Reno Foreclosure Blog

Market area: Old Northwest, Reno, NV

Appraised property located on Ibis Lane

Search parameters:

1 story homes

882 sq ft to 1470 sq ft

Age: 1953 to 1973

Date Run: 4/22/2010

Base/List Date/Current: 4/22/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

32

18

13

Absorption Rate (Total Sales/Months)

5.33

6

4.33

Total # of Comparable Active Listings

52

29

NA

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

9.75

4.83

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$127,500.00

$130,625.00

$110,000.00

Median Comparable Sales Days on Market

76

69

99

Median Comparable List Price

$129,000.00

$129,000.00

$115,000.00

Median Comparable Listings Days on Market

82

98

NA

Median Sale Price as % of List Price

99%

101%

96%



Foreclosures = 32

Short Sales = 13

Arms lengths = 18

Total = 63



Percent Special Conditions = 71%

Percent Short Sales = 21%



Sales last 12 months = 63 Median days on market = 77

Median = $127,500

Hi = $199,000

Low = $65,000



CURRENT LISTINGS = 40 Median days on market = 54

Median = $129,950

Hi = $200,000

Low = $84,900



Foreclosures = 8

Short Sales = 23

Arms length = 9



Percent Special Condition = 78%

Percent Short Sales = 58%

Median price from 6/15/05 to 6/15/06  =  $285,000

Current median price = $110,000        

Percent decline = 61%

Posted by David Lysne on April 22nd, 2010 9:15 AMPost a Comment (0)
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