Reno Foreclosure Blog

Market area: Fernley, NV.

Appraised property located on Shadow Lane

Search parameters:

1 story homes

1232 sq ft to 1848 sq ft

Age: 1995 to 2010

Current median price = $98,000

Median price from 6/15/05 to 6/15/06   =  $237,700

Percent decline  =   59%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 5/6/2010

Base/List Date/Current: 5/6/2010

Foreclosures                        =     161  

Short Sales                          =     58

Arms lengths                        =     38

Total Sales last 12 months    =     257

Percent Special Conditions      =          85%

Percent Short Sales                 =          23%

            Median            =          $95,000

            Hi                    =          $230,000

CURRENT LISTINGS  =  85   Median days on market = 85

Foreclosures                       =   11       

Short Sales                         =   59

Arms length                        =   15

Percent Special Condition       =          82%

Percent Short Sales                 =          69%

Median $         =          $106,900

Hi $                 =          $269,000

Low $              =          $64,000