Reno Foreclosure Blog

Market area: Sparks, NV

Appraised property located on Flatcar Lane

Search parameters:

1&2 story condo/townhomes

Gross Living Area:  864 SF to 1,296 SF

Age: 1970 to 1990

Current median price = $43,500

Median price from 6/15/05 to 6/15/06   =  $175,000

Percent decline  =   75%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 12/28/2010

Base/List Date/Current: 12/28/2010

Foreclosures                        =     45    

Short Sales                          =     18

Arms lengths                        =     10

Total Sales last 12 months    =     73

Percent Special Conditions      =          86%

Percent Short Sales                 =          25%

            Median $         =          $52,000           Avg = $53,745

            Hi $                 =          $135,000

CURRENT LISTINGS  =  38   Median days on market = 98

Foreclosures                       =   8         

Short Sales                         =   24

Arms length                         =   6

Percent Special Condition       =          84%

Percent Short Sales                 =          63%

Median $         =          $47,950           Avg = $50,002

Hi $                 =          $90,000

Low $              =          $29,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 12/28/2010 = 38