Reno Foreclosure Blog

Market area: Silver Springs, NV

Appraised property located on Caribou St

Search parameters:

Manufactured homes, all sizes

Age: 1977 to 2007

Located on lots with more than 1 acre and less than 10 acres

Current median price = $59,000

Median price from 6/15/05 to 6/15/06   =  160,000

Percent decline  =   63%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 1/5/2011

Base/List Date/Current: 1/5/2011

Foreclosures                            =  15   

Short Sales                              =  4

Arms lengths                            =  8

Total Sales last 12 months        =  27

Percent Special Conditions      =          70%

Percent Short Sales                 =          15%

            Median $         =          $69,900           Avg = $74,531

            Hi $                 =          $149,000

CURRENT LISTINGS  =  24   Median days on market = 125

Foreclosures                    =      10       

Short Sales                      =      8

Arms length                     =      6

Percent Special Condition       =          75%

Percent Short Sales                 =          33%

Median $         =          $79,950           Avg = $80,252

Hi $                 =          $129,900

Low $              =          $29,900

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 1/5/11 = 24