Reno Foreclosure Blog

April 13th, 2010 10:49 AM

Market area: SW Reno, NV

Appraised property located on Rombauer Ct

Search parameters:

2 story homes

2267 sq ft to 3779 sq ft

Age: 1989 to 2009

Date Run: 4/10/2010

Base/List Date/Current: 4/10/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

10

5

7

Absorption Rate (Total Sales/Months)

1.67

1.67

2.33

Total # of Comparable Active Listings

19

12

NA

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

11.40

7.20

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$389,500.00

$333,000.00

$410,000.00

Median Comparable Sales Days on Market

106

102

183

Median Comparable List Price

$345,000.00

$394,450.00

$399,000.00

Median Comparable Listings Days on Market

140

143

NA

Median Sale Price as % of List Price

113%

84%

103%

 

Foreclosures    =          13       

Short Sales      =          3

Arms lengths    =          6

Total                =          22

 

Percent Special Conditions     =          73%

Percent Short Sales                =          14%

 

Sales last 12 months     =          22

            Median            =          $389,500

            Hi                    =          $625,000

            Low                 =          $240,000

 

Sales last 6 months      =          12

            Median            =          $ 349,000       

            Hi                    =          $ 625,000

            Low                 =          $ 240,000

CURRENT LISTINGS   =   28          Median days on market  =  121

 

            Median            =          $440,000

            Hi                    =          $729,000

            Low                 =          $250,000

 

Foreclosures    =          0         

Short Sales      =          11

Arms length    =          17

 

Percent Special Condition      =          39%

Percent Short Sales                 =          39%

 

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

Median price      =  $640,000

 

Median price, last 3 months = $410,000       

Percent decline  =   36%

Posted by David Lysne on April 13th, 2010 10:49 AMPost 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