Reno Foreclosure Blog

Market area: Reno, NV. – Arrow Creek area

Appraised property located on Indian Ridge Dr

Search parameters:

1&2 story homes

Gross Living Area:  4636 sf to 6954 sf

Age: 1993 to 2010

Current median price = $907,500

Median price from 6/15/05 to 6/15/06   =  $1,653,750

Percent decline  =   45%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/28/2010

Base/List Date/Current: 5/28/2010

Foreclosures                         =     8      

Short Sales                           =     7

Arms lengths                         =     8

Total Sales last 12 months  =     23

Percent Special Conditions       =          65%

Percent Short Sales                  =          30%

            Median $          =          $850,000

            Hi $                  =          $1,325,000

CURRENT LISTINGS  =  27   Median days on market = 119

Foreclosures                        =   3         

Short Sales                          =   7

Arms length                         =   17

Percent Special Condition         =          37%

Percent Short Sales                  =          26%

Median $          =          $1,175,000

Hi $                  =          $1,995,000

Low $              =          $510,000