Reno Foreclosure Blog

Past Five year sale trend for Reno, Nevada Metropolitan Statistical Area (local MLS data. Stick built homes only - does not include mobile homes).

Total home sales

6/27/05 to 6/27/06                     8161 (the peak)

2/27/07 to 2/27/08                     4980

2/27/08 to 2/27/09                     5586

2/27/09 to 2/27 10                     7750 *

* Almost back to boom levels, but the median home value has declined approximately 50% in most areas.

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Last 12 months (2/27/09 to 2/27/10). Home sales by area and zip code

Total sales = 7750 *

Sparks/Spanish Springs

          Zip code 89436 = 853

          Zip code 89431 = 362

          Zip code 89441 = 155       Total 1,370  or  18%

Stead/Cold Springs                                                                    

          Zip code 89506 = 933

          Zip code 89508 = 269       Total 1,202  or  15%

Reno

          Zip code 89502 = 277

                       89503 = 235

                       89506 = 933

                       89509 = 298

                       89510 = 12

                       89511 = 362

                       89512 = 161

                       89521 = 416

                       89523 = 530       Total 3,224  or  42%

All of Carson City = 415           

Home owner’s who built, purchased or refinanced during 2005-2006 are experiencing the greatest loss in asset value.