Reno Foreclosure Blog

Market area: Sparks, NV.

Appraised property located on Canyon Vista Dr

Search parameters:

1 story homes

Gross Living Area:  1,117 SF to 1,675 SF

Age: 1984 to 2004

Current median price = $145,500

Median price from 6/15/05 to 6/15/06   =  $332,950

Percent decline  =   56%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 12/20/2010

Base/List Date/Current: 12/20/2010

Foreclosures                        =     9      

Short Sales                          =     13

Arms lengths                        =     16

Total Sales last 12 months    =     38

Percent Special Conditions      =          58%

Percent Short Sales                 =          34%

            Median $         =          $168,750         Avg = $166,721

            Hi $                 =          $200,000

CURRENT LISTINGS  =  19   Median days on market = 89

Foreclosures                       =   8         

Short Sales                         =   10

Arms length                        =   1

Percent Special Condition       =          95%

Percent Short Sales                 =          53%

Median $         =          $159,999         Avg = $161,425

Hi $                 =          $184,895

Low $              =          $135,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 12/20/2010 = 19

Most areas of Reno experienced stable values during the first three quarters of 2010, but prices now appear to be declining again. Numerous indicators suggest continued declining values into 2011.  This report was generated as a tool to assist the appraiser in analyzing the market for a home appraisal.