Reno Foreclosure Blog

April 11th, 2010 8:08 PM

Market area: Reno/Stead, NV

Appraised property located on Big River Drive

Search parameters:

2 story homes

1136 sq ft to 1894 sq ft

Age: 1984 to 2004

Date Run: 4/5/2010

Base/List Date/Current: 4/5/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

47

16

20

Absorption Rate (Total Sales/Months)

7.83

5.33

6.67

Total # of Comparable Active Listings

69

32

NA

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

8.81

6

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$119,000.00

$125,050.00

$118,500.00

Median Comparable Sales Days on Market

91

76

121

Median Comparable List Price

$119,900.00

$119,450.00

$118,500.00

Median Comparable Listings Days on Market

98

105

NA

Median Sale Price as % of List Price

99%

105%

100%

 

Foreclosures    =          64       

Short Sales      =          15

Arms lengths   =          4

Total                =          83

 

Percent Special Conditions     =          95%

Percent Short Sales                 =          18%

 

Sales last 12 months    =          83

            Median            =          $119,000

            Hi                    =          $180,000

            Low                 =          $55,000

 

Sales last 6 months      =          36

            Median            =          $120,000        

            Hi                    =          $150,000

            Low                 =          55,000

CURRENT LISTINGS   =   33

 

            Median            =          $120,000

            Hi                    =          $179,500

            Low                 =          $87,000

 

Foreclosures    =          3         

Short Sales      =          28

Arms length    =          2

 

Percent Special Condition      =          94%

Percent Short Sales                 =          85%

 

Short sales have replaced foreclosures-for now.

 

Sales data from 6/15/05 to 6/15/06:             

Median price      =  $289,450

Current Median price = $118,500             

Percent decline  =   59%

Posted by David Lysne on April 11th, 2010 8:08 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Lysne Appraisal Service P.O. Box 17006 Reno, NV 89511
Phone: Fax:

Appraisal Info | Home | Appraiser Licensing | Foreclosure/REO Appraisal

Copyright © 2012 Lysne Appraisal Service
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map