Reno Foreclosure Blog

Market area: Reno, NV. – South Suburban

Appraised property located on Summer Star Pl

Search parameters:

1&2 story homes, one mile radius from appraised property

Gross Living Area:  1,963 SF to 2,944 SF

Age: 1986 to 2006

Current median price = $235,000

Median price from 6/15/05 to 6/15/06   =  $550,250

Percent decline  =   57%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 9/20/2011

Base/List Date/Current: 9/20/2011

Foreclosures                         =     4      

Short Sales                           =     8

Arms lengths                         =     3

Total Sales last 12 months     =     15

Percent Special Conditions       =          80%

Percent Short Sales                  =          53%

            Median $          =          $255,000         Avg = $265,386

            Hi $                  =          $430,000

CURRENT LISTINGS  =  12   Median days on market = 71

Foreclosures                        =   4         

Short Sales                          =   5

Arms length                         =   3

Percent Special Condition         =          75%

Percent Short Sales                  =          42%

Median $          =          $261,450        

Hi $                  =          $349,000

Low $              =          $219,500

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 9/20/2011 = 12