Reno Foreclosure Blog

Market area: Sparks, NV. –  Spanish Springs West

Appraised property located on Josefina Ct

Search parameters:

1&2 story homes

Gross Living Area:  1,246 SF to 1,870 SF

Age: 1987 to 2007

 

Current median price = $152,500

Median price from 6/15/05 to 6/15/06   =  $327,000

Percent decline  =   53%

 

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 12/16/2010

Base/List Date/Current: 12/16/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

34

17

12

Absorption Rate (Total Sales/Months)

5.67

5.67

4

Total # of Comparable Active Listings

21

10

32

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

3.71

1.76

8

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$155,500.00

$155,000.00

$152,500.00

Median Comparable Sales Days on Market

120

77

127

Median Comparable List Price

$155,000.00

$149,900.00

$149,000.00

Median Comparable Listings Days on Market

124

113

116

Median Sale Price as % of List Price

100%

103%

102%

 

Foreclosures                        =     17    

Short Sales                          =     32

Arms lengths                        =     14

Total Sales last 12 months    =     63

 

Percent Special Conditions      =          78%

Percent Short Sales                 =          51%

           

            Median $         =          $155,000         Avg = $157,558

            Hi $                 =          $225,000

            Low $              =          $124,500

 

CURRENT LISTINGS  =  32   Median days on market = 116

 

Foreclosures                       =   7         

Short Sales                         =   22

Arms length                         =   3

 

Percent Special Condition       =          91%

Percent Short Sales                 =          69%

 

Median $         =          $146,500         Avg = $148,746

Hi $                 =          $195,000

Low $              =          $110,000

 

 

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 12/16/10 = 32

Posted by David Lysne on December 16th, 2010 12:37 PMPost a Comment (0)
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