Reno Foreclosure Blog

Market area: Reno, NV. – Donner Springs

Appraised property located on Sycamore Way

Search parameters:

1&2 story homes

Gross Living Area:  1,319 SF to 1,979 SF

Age: 1987 to 2007

 

Current median price = $145,000

Median price from 6/15/05 to 6/15/06   =  $342,000

Percent decline  =   58%

 

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 2/3/2011

Base/List Date/Current: 2/3/2011

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

10

5

3

Absorption Rate (Total Sales/Months)

1.67

1.67

1

Total # of Comparable Active Listings

NA

NA

8

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

NA

NA

8

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$151,500.00

$164,000.00

$145,000.00

Median Comparable Sales Days on Market

66

54

116

Median Comparable List Price

$169,000.00

$164,950.00

$144,900.00

Median Comparable Listings Days on Market

75

101

120

Median Sale Price as % of List Price

89%

99%

100%

 

Foreclosures                        =     8      

Short Sales                          =     6

Arms lengths                        =     5

Total Sales last 12 months    =     19

 

Percent Special Conditions      =          74%

Percent Short Sales                 =          32%

           

            Median $         =          $155,000   Avg = $160,844

            Hi $                 =          $216,395

            Low $              =          $127,000

 

CURRENT LISTINGS  =  9   Median days on market = 120

 

Foreclosures                       =   2         

Short Sales                         =   6

Arms length                        =   0

 

Percent Special Condition       =          100%

Percent Short Sales                 =          75%

 

Median $         =          $136,500         Avg = $137,149

Hi $                 =          $137,737

Low $              =          $128,000

 

 

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 2/3/11 = 8


Posted by David Lysne on February 4th, 2011 8:32 AMPost a Comment (0)

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Lysne Appraisal Service P.O. Box 17006 Reno, NV 89511
Phone: Fax:

Appraisal Info | Home | Appraiser Licensing | Foreclosure/REO Appraisal

Copyright © 2012 Lysne Appraisal Service
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map