Reno Foreclosure Blog

Market area: Fernley, NV

Appraised property located on Campfire Circle

Search parameters:

1 story homes

820 sq ft to 1367 sq ft

Age: 1990 to 2010

Date Run: 4/29/2010

Base/List Date/Current: 4/29/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

50

28

24

Absorption Rate (Total Sales/Months)

8.33

9.33

8

Total # of Comparable Active Listings

86

52

NA

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

10.32

5.57

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$70,500.00

$75,000.00

$72,250.00

Median Comparable Sales Days on Market

82

91

103

Median Comparable List Price

$70,000.00

$70,000.00

$68,550.00

Median Comparable Listings Days on Market

93

103

NA

Median Sale Price as % of List Price

100%

107%

105%

 

Foreclosures                        =     75    

Short Sales                          =     22

Arms lengths                        =     5

Total Sales last 12 months    =     102

 

Percent Special Conditions      =          95%

Percent Short Sales                 =          22%

           

            Median            =          $72,250

            Hi                    =          $160,000

            Low                 =          $50,000

 

CURRENT LISTINGS   =   29    Median days on market  =  76

 

            Median            =          $74,500

            Hi                    =          $124,500

            Low                 =          $59,500

 

Foreclosures    =          3         

Short Sales      =          23

Arms length     =          3

 

Percent Special Condition        =          90%

Percent Short Sales                 =          79%

 

Median price from 6/15/05 to 6/15/06   =  $215,000           

Current median price = $72,250                 

Percent decline  =   66%

Posted by David Lysne on April 29th, 2010 9:55 AMPost a Comment (0)
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