Reno Foreclosure Blog

Market area: Fernley, NV.

Appraised property located on Aspen Way

Search parameters:

1 story homes

Gross Living Area:  1263 SF to 1895 SF

Age: 1976 to 1996

Current median price = $65,000

Median price from 6/15/05 to 6/15/06   =  $210,000

Percent decline  =   69%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 7/27/2010

Base/List Date/Current: 7/27/2010

Foreclosures                         =     20    

Short Sales                           =     3

Arms lengths                         =     4

Total Sales last 12 months     =     27

Percent Special Conditions       =          85%

Percent Short Sales                  =          11%

            Median $          =          $70,000

            Hi $                  =          $104,000

CURRENT LISTINGS  =  21   Median days on market = 88

Foreclosures                        =   2         

Short Sales                          =   16

Arms length                         =   3

Percent Special Condition         =          86%

Percent Short Sales                  =          76%

Median $          =          $73,100

Hi $                  =          $118,500

Low $              =          $54,900