Reno Foreclosure Blog

Market area: Old South Suburban, Reno, NV

Appraised property located on Sierra Leaf Cir

Search parameters:

1 story homes

1141 sq ft to 1901 sq ft

Age: 1990 to 2010

Date Run: 4/14/2010

Base/List Date/Current: 4/14/2010

Inventory Analysis

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Total # of Comparable Sales (Settled)

16

7

5

Absorption Rate (Total Sales/Months)

2.67

2.33

1.67

Total # of Comparable Active Listings

24

11

NA

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

9

4.71

NA

Median Sale & ListPrice, DOM, Sale/List%

Prior 7 - 12 Months

Prior 4 - 6 Months

Current - 3 Months

Median Comparable Sale Price

$220,750.00

$200,000.00

$155,000.00

Median Comparable Sales Days on Market

61

76

56

Median Comparable List Price

$212,500.00

$185,500.00

$169,900.00

Median Comparable Listings Days on Market

71

75

NA

Median Sale Price as % of List Price

104%

108%

91%

 

Foreclosures    =          6         

Short Sales      =          6

Arms lengths    =          16

Total                =          28

 

Percent Special Conditions     =          43%

Percent Short Sales                 =          21%

 

Sales last 12 months    =          28        Median days on market = 69

            Median            =          $197,500

            Hi                    =          $301,000

            Low                 =          $140,000

 

Sales last 6 months      =          12

            Median            =          $ 184,950       

            Hi                    =          $ 301,000

            Low                 =          $ 140,000

CURRENT LISTINGS   =   11          Median days on market  =  86

 

            Median            =          $239,000

            Hi                    =          $349,950

            Low                 =          $175,995

 

Foreclosures    =          0         

Short Sales      =          5

Arms length     =          6

 

Percent Special Condition      =          45%

Percent Short Sales                 =          45%

 

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

Median price      =  $350,000

 

Median price, last 3 months = $155,000       

Percent decline  =   56%

Posted by David Lysne on April 15th, 2010 10:13 AMPost a Comment (0)
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