Reno Foreclosure Blog

Market area: Reno, NV. Old NW

Appraised property located on Nancy Cir

Search parameters:

1 story homes

Gross Living Area:  1,265 SF to 1,547 SF

Age: 1961 to 1981

Current median price = $147,500

Median price from 6/15/05 to 6/15/06   =  $297,500

Percent decline  =   50%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 2/26/2011

Base/List Date/Current: 2/26/2011

Foreclosures                        =     12    

Short Sales                          =     11

Arms lengths                        =     14

Total Sales last 12 months    =     37

Percent Special Conditions      =          62%

Percent Short Sales                 =          30%

            Median $         =          $139,900         Avg = $134,065

            Hi $                 =          $165,000

CURRENT LISTINGS  =  20   Median days on market = 89

Foreclosures                       =   4         

Short Sales                         =   11

Arms length                        =   5

Percent Special Condition       =          75%

Percent Short Sales                 =          55%

Median $         =          $130,000         Avg = $126,780

Hi $                 =          $168,900

Low $              =          $90,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 2/26/11 = 20