Reno Foreclosure Blog

Market area: Reno, NV. – South Meadows

Appraised property located on Country Falls Ln

Search parameters:

2 story homes

Gross Living Area:  1887 SF to 2830 SF

Age: 1995 to 2010

 

Current median price = $259,00

Median price from 6/15/05 to 6/15/06   =  $472,000

Percent decline  =   45%

 

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 8/4/2010

Base/List Date/Current: 8/4/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

38

18

16

Absorption Rate (Total Sales/Months)

6.33

6

5.33

Total # of Comparable Active Listings

58

30

NA

Months of Housing Supply (Total Listings/Ab.Rate)

9.16

5

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$263,500.00

$250,000.00

$259,000.00

Median Comparable Sales Days on Market

91

186

95

Median Comparable List Price

$266,500.00

$249,950.00

$267,950.00

Median Comparable Listings Days on Market

127

146

NA

Median Sale Price as % of List Price

99%

100%

97%

 

Foreclosures                        =     16    

Short Sales                          =     37

Arms lengths                        =     19

Total Sales last 12 months    =     72

 

Percent Special Conditions      =          74%

Percent Short Sales                 =          51%

           

            Median $         =          $258,975

            Hi $                 =          $330,000

            Low $              =          $160,000

 

CURRENT LISTINGS  =  56   Median days on market = 67

 

Foreclosures                       =   9         

Short Sales                         =   29

Arms length                        =   18

 

Percent Special Condition       =          68%

Percent Short Sales                 =          52%

 

Median $         =          $248,625

Hi $                 =          $387,995

Low $              =          $189,900

Posted by David Lysne on August 4th, 2010 9:03 AMPost a Comment (0)
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