Reno Foreclosure Blog

Market area: Reno, NV. – Arrowcreek

Appraised property located on Echo Ridge Ct

Search parameters:

1&2 story homes

Gross Living Area:  2371 SF to 3557 SF

Age: 1982 to 2010

Current median price = $430,000

Median price from 6/15/05 to 6/15/06   =  $765,000

Percent decline  =   44%

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 7/27/2010

Base/List Date/Current: 7/27/2010

Foreclosures                        =     20    

Short Sales                          =     26

Arms lengths                        =     56

Total Sales last 12 months    =     102

Percent Special Conditions      =          45%

Percent Short Sales                 =          25%

            Median $         =          $421,750

            Hi $                 =          $725,000

CURRENT LISTINGS  =  65   Median days on market = 53

Foreclosures                       =   5         

Short Sales                         =   20

Arms length                        =   40

Percent Special Condition       =          38%

Percent Short Sales                 =          31%

Median $         =          $495,000

Hi $                 =          $1,070,000

Low $              =          $199,000