Reno Foreclosure Blog

Market area: Reno, NV. NW Suburban

Appraised property located on Cedar Ridge Drive

Search parameters:

1&2 story homes

Gross Living Area:  3,414 SF to 5,122 SF

Age: 1995 to 2010

Current median price = $395,000

Median price from 6/15/05 to 6/15/06   =  $715,000

Percent decline  =   45%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 1/1/2011

Base/List Date/Current: 1/1/2011

Foreclosures                        =     3      

Short Sales                          =     8

Arms lengths                        =     1

Total Sales last 12 months    =     12

Percent Special Conditions     =          92%

Percent Short Sales                 =          67%

            Median $         =          $402,500         Avg = $406,708

            Hi $                 =          $475,000

CURRENT LISTINGS  =  7   Median days on market = 176

Foreclosures                       =   2         

Short Sales                         =   2

Arms length                        =   3

Percent Special Condition       =          57%

Percent Short Sales                 =          29%

Median $         =          $400,000         Avg = $428,814

Hi $                 =          $600,000

Low $              =          $320,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 1/1/2011 = 7