Reno Foreclosure Blog

Market area: Reno, NV. – NW Suburban

Appraised property located on Brookdale Dr

Search parameters:

2 story homes

Gross Living Area:  2,004 SF to 2,450 SF (10%)

Age: 1987 to 2007

North of I-80, west of McCarran, east of Somersett

Current median price = $225,450

Median price from 6/15/05 to 6/15/06   =  $449,450

Percent decline  =   50%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 3/1/2011

Base/List Date/Current: 3/1/2011

Foreclosures                        =     17    

Short Sales                          =     15

Arms lengths                        =     15

Total Sales last 12 months    =     47

Percent Special Conditions      =          68%

Percent Short Sales                 =          32%

            Median $         =          $226,000         Avg = $221,385

            Hi $                 =          $310,000

CURRENT LISTINGS  =  20   Median days on market = 118

Foreclosures                       =   2         

Short Sales                         =   18

Arms length                         =   2

Percent Special Condition       =          91%

Percent Short Sales                 =          82%

Median $         =          $215,000         Avg = $214,981

Hi $                 =          $299,000

Low $              =          $160,000

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 3/1/11 = 20