Reno Foreclosure Blog

Market area: Reno, NV. Old SW

Appraised property located on Riverberry Drive

Search parameters:

2 story homes

2092 sq ft to 3138 sq ft

Age: 1983 to 2003

Date Run: 4/26/2010

Base/List Date/Current: 4/26/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

7

4

3

Absorption Rate (Total Sales/Months)

1.17

1.33

1

Total # of Comparable Active Listings

12

7

NA

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

10.29

5.25

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$325,000.00

$371,000.00

$298,700.00

Median Comparable Sales Days on Market

90

143

120

Median Comparable List Price

$334,000.00

$339,000.00

$310,000.00

Median Comparable Listings Days on Market

129

128

NA

Median Sale Price as % of List Price

97%

109%

96%

 

Foreclosures                        =     1      

Short Sales                          =     2

Arms lengths                        =     11

Total Sales last 12 months    =     14

 

Percent Special Conditions      =          21%

Percent Short Sales                 =          14%

           

            Median            =          $321,000

            Hi                    =          $480,000

            Low                 =          $275,000

 

CURRENT LISTINGS   =   6  Median days on market  =  136

 

            Median            =          $305,450

            Hi                    =          $375,000

            Low                 =          $289,000

 

Foreclosures    =          1         

Short Sales      =          2

Arms length     =          3

 

Percent Special Condition       =          43%

Percent Short Sales                 =          29%

 

Median price from 6/15/05 to 6/15/06   =  $505,500           

Current median price = $298,700               

Percent decline  =   41%

Posted by David Lysne on April 27th, 2010 5:09 PMPost a Comment (0)
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