Reno Foreclosure Blog

Market area: Reno, NV. – West Suburban

Appraised property located on West 4^th St

Search parameters:

All homes within 1.5 mile radius, all size lots

Gross Living Area:  2150 SF to 3226 SF

Age: 1976 to 2006

Current median price = $325,000

Median price from 6/15/05 to 6/15/06   =  $642,750

Percent decline  =   51%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 7/26/2010

Base/List Date/Current: 7/26/2010

Foreclosures                        =     17    

Short Sales                          =     28

Arms lengths                        =     25

Total Sales last 12 months    =     70

Percent Special Conditions      =          64%

Percent Short Sales                 =          40%

            Median $         =          $292,000

            Hi $                 =          $500,000

CURRENT LISTINGS  =  44   Median days on market = 87

Foreclosures                       =   6         

Short Sales                         =   26

Arms length                        =   12

Percent Special Condition      =          73%

Percent Short Sales                =          59%

Median $         =          $299,450

Hi $                 =          $599,500

Low $              =          $165,900