Reno Foreclosure Blog

Market area: Fernley, NV. – Desert Lakes Golf Community

Appraised property located on Art Ct.

Search parameters:

1 story homes

Gross Living Area:  1236 sf to 1855 sf

Age: 1990 to 2010

Current median price = $118,000

Median price from 6/15/05 to 6/15/06   =  $264,330

Percent decline  =   55%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/31/2010

Base/List Date/Current: 5/31/2010

Foreclosures                        =     19    

Short Sales                          =     14

Arms lengths                        =     7

Total Sales last 12 months    =     40

Percent Special Conditions      =          83%

Percent Short Sales                 =          35%

            Median $         =          $109,750

            Hi $                 =          $159,000

CURRENT LISTINGS  =  15   Median days on market = 67

Foreclosures                       =   1         

Short Sales                         =   12

Arms length                         =   2

Percent Special Condition      =          87%

Percent Short Sales                =          80%

Median $         =          $110,000

Hi $                 =          $134,900

Low $              =          $80,000