Reno Foreclosure Blog

October 22nd, 2010 11:38 AM

Market area: Wadsworth/Fernley, NV.

Appraised property located on Dispensia St

Search parameters:

1 story homes

Gross Living Area:  1,470 SF to 1,796 SF

Age: 1984 to 2004

 

Current median price = $97,900

Median price from 6/15/05 to 6/15/06   =  $247,250

Percent decline  =   60%

 

SALES DATA FOR THE LAST 12 MONTHS

Date Run: 10/22/2010

Base/List Date/Current: 10/22/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

35

26

21

Absorption Rate (Total Sales/Months)

5.83

8.67

7

Total # of Comparable Active Listings

27

16

30

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

4.63

1.85

4.29

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$96,000.00

$95,000.00

$97,900.00

Median Comparable Sales Days on Market

98

88

70

Median Comparable List Price

$95,000.00

$99,900.00

$99,900.00

Median Comparable Listings Days on Market

107

96

51

Median Sale Price as % of List Price

101%

95%

98%

 

Foreclosures                        =     39    

Short Sales                          =     28

Arms lengths                        =     17

Total Sales last 12 months    =     84

 

Percent Special Conditions      =          80%

Percent Short Sales                 =          33%

           

            Median $         =          $95,500           Avg = $97,093

            Hi $                 =          $131,000

            Low $              =          $65,000

 

CURRENT LISTINGS  =  30   Median days on market = 51

 

Foreclosures                       =   9         

Short Sales                         =   16

Arms length                        =   5

 

Percent Special Condition       =          83%

Percent Short Sales                 =          53%

 

Median $         =          $95,000           Avg = $96,176

Hi $                 =          $127,000

Low $              =          $74,900

 

 

Total # of Comparable Active Listings for (Current – 3 Months) is the number as of 10/22/2010 = 30

Posted by David Lysne on October 22nd, 2010 11:38 AMPost a Comment (0)
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