Reno Foreclosure Blog

Market area: Sparks, NV- Spanish Springs, East

Appraised property located on Ogden Trail Dr

Search parameters:

1 & 2 story homes

1418 sq ft to 2128 sq ft

Age: 1989 to 1999

 

Current median price = $270,000

Median price from 6/15/05 to 6/15/06   =  $475,000

Percent decline  =  43%

 

Date Run: 5/17/2010

Base/List Date/Current: 5/17/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

8

1

2

Absorption Rate (Total Sales/Months)

1.33

0.33

0.67

Total # of Comparable Active Listings

11

3

NA

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

8.25

9

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$227,550.00

$233,500.00

$270,000.00

Median Comparable Sales Days on Market

103

158

274

Median Comparable List Price

$240,000.00

$275,000.00

$285,000.00

Median Comparable Listings Days on Market

155

160

NA

Median Sale Price as % of List Price

95%

85.00%

95%

 

Foreclosures                        =     4      

Short Sales                          =     6

Arms lengths                       =     1

Total Sales last 12 months   =     11

 

Percent Special Conditions      =          91%

Percent Short Sales                 =          55%

           

            Median            =          $233,500

            Hi                    =          $275,000

            Low                 =          $155,000

 

CURRENT LISTINGS   =   6    Median days on market  =  54

 

            Median            =          $250,500

            Hi                    =          $420,000

            Low                 =          $209,900

 

Foreclosures    =          0         

Short Sales      =          3

Arms length     =          3

 

Percent Special Condition       =          50%

Percent Short Sales                 =          50%

Posted by David Lysne on May 18th, 2010 1:18 PMPost a Comment (0)
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