Reno Foreclosure Blog

Market area: Reno, NV., SE

Appraised property located on Chris Lane

Search parameters:

1 story homes

916 sq ft to 1528 sq ft

Age: 1958 to 1988

1.5 mile radius from Gentry Way & Neil Rd

Current median price = $137,450

Median price from 6/15/05 to 6/15/06   =  $288,900

Percent decline  =   52%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/4/2010

Base/List Date/Current: 5/4/2010

Foreclosures                        =     32    

Short Sales                          =     15

Arms lengths                        =     12

Total Sales last 12 months    =     59

Percent Special Conditions      =          80%

Percent Short Sales                 =          25%

            Median            =          $135,000

            Hi                    =          $186,500

CURRENT LISTINGS   =   27    Median days on market  =  88

Foreclosures                       =   9         

Short Sales                         =   18

Arms length                        =   0

Percent Special Condition       =          100%

Percent Short Sales                 =          67%

Median $         =          $129,900

Hi $                 =          $155,000

Low $              =          $59,900