Reno Foreclosure Blog

Market area: Sparks, NV. – Spanish Springs-South

Appraised property located on Black Cinder Ct

Search parameters:

2 story homes

Gross Living Area:  1108 SF to 1683 SF

Age: 1990 to 2010

 

Current median price = $152,500

Median price from 6/15/05 to 6/15/06   =  $324,000

Percent decline  =   53%

 

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/29/2010

Base/List Date/Current: 5/29/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

49

7

22

Absorption Rate (Total Sales/Months)

8.17

2.33

7.33

Total # of Comparable Active Listings

63

27

NA

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

7.71

11.57

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$160,000.00

$167,000.00

$152,500.00

Median Comparable Sales Days on Market

77

156

90

Median Comparable List Price

$159,000.00

$159,000.00

$158,000.00

Median Comparable Listings Days on Market

101

127

NA

Median Sale Price as % of List Price

100%

105%

97%

 

Foreclosures                        =     22    

Short Sales                          =     31

Arms lengths                        =     25

Total Sales last 12 months    =     78

 

Percent Special Conditions      =          68%

Percent Short Sales                 =          40%

           

            Median $         =          $160,000

            Hi $                 =          $234,000

            Low $              =          $117,000

 

CURRENT LISTINGS  =  56   Median days on market = 69

 

Foreclosures                       =   7         

Short Sales                         =   30

Arms length                        =   19

 

Percent Special Condition       =          66%

Percent Short Sales                 =          54%

 

Median $         =          $150,000

Hi $                 =          $189,900

Low $              =          $119,000

Posted by David Lysne on June 5th, 2010 3:18 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Lysne Appraisal Service P.O. Box 17006 Reno, NV 89511
Phone: Fax:

Appraisal Info | Client Login | Order an Appraisal | Home | Appraiser Licensing | Foreclosure/REO Appraisal

Copyright © 2012 Lysne Appraisal Service
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map