Reno Foreclosure Blog

Market area: Reno, NV. – Northwest suburban

Appraised property located on Canyon Ridge Lane

Search parameters:

2 story homes

Gross Living Area:  1621 sf to 2701 sf

Age: 1986 to 1996

Current median price = $215,000

Median price from 6/15/05 to 6/15/06   =  $405,000

Percent decline  =   47%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/17/2010

Base/List Date/Current: 5/17/2010

Foreclosures                        =     19    

Short Sales                          =     19

Arms lengths                       =     17

Total Sales last 12 months   =     55

Percent Special Conditions      =          69%

Percent Short Sales                 =          35%

            Median $         =          $225,000

            Hi $                 =          $279,000

CURRENT LISTINGS  =  22   Median days on market = 79

Foreclosures                       =   2         

Short Sales                         =   15

Arms length                        =   5

Percent Special Condition       =          77%

Percent Short Sales                 =          68%

Median $         =          $219,450

Hi $                 =          $270,000

Low $              =          $170,000