NV Weekly Market Update

January 26, 2009

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes only for the East Shore. The reason that I use this segment of the market is that it has the most influence on the general value trends.

Activity is still increasing for the Nevada side and there are now a total of 3 sales for 2009. Active listings has increased by 3 since last week for a total of 132. There are 2 more Pending sales for a total of 10 and the ratio between Active listings to Pending Sales is up from 5.8% to 7%. The Sold Median Price is $603,000 and the Sold Average Price is $607,667.

Status	Class	Type	Price Range	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM

ACTIVE
	RESIDENTIAL
		Residential
			$395,000 - $399,999	1	$399,000	$399,000	$399,000	106
			$405,000 - $409,999	1	$405,000	$405,000	$405,000	130
			$415,000 - $419,999	1	$415,000	$415,000	$415,000	126
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	87
			$475,000 - $479,999	2	$954,000	$477,000	$477,000	504
			$500,000 - $504,999	2	$1,000,000	$500,000	$500,000	103
			$515,000 - $519,999	1	$519,000	$519,000	$519,000	7
			$525,000 - $529,999	1	$529,000	$529,000	$529,000	119
			$535,000 - $539,999	1	$539,900	$539,900	$539,900	40
			$550,000 - $554,999	2	$1,104,900	$552,450	$552,450	168
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	289
			$560,000 - $564,999	1	$560,000	$560,000	$560,000	30
			$565,000 - $569,999	1	$565,000	$565,000	$565,000	466
			$570,000 - $574,999	1	$573,000	$573,000	$573,000	57
			$585,000 - $589,999	2	$1,174,000	$587,000	$587,000	215
			$595,000 - $599,999	3	$1,793,000	$597,667	$599,000	214
			$625,000 - $629,999	1	$625,000	$625,000	$625,000	8
			$635,000 - $639,999	2	$1,278,000	$639,000	$639,000	184
			$645,000 - $649,999	1	$645,000	$645,000	$645,000	294
			$680,000 - $684,999	1	$681,000	$681,000	$681,000	410
			$685,000 - $689,999	2	$1,378,500	$689,250	$689,250	164
			$695,000 - $699,999	3	$2,093,000	$697,667	$699,000	384
			$700,000 - $704,999	1	$700,000	$700,000	$700,000	269
			$715,000 - $719,999	1	$719,000	$719,000	$719,000	115
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	197
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	217
			$795,000 - $799,999	1	$795,057	$795,057	$795,057	599
			$845,000 - $849,999	2	$1,694,999	$847,500	$847,500	124
			$975,000 - $979,999	1	$975,000	$975,000	$975,000	213
			$985,000 - $989,999	1	$989,000	$989,000	$989,000	361
			$990,000 - $994,999	1	$990,000	$990,000	$990,000	207
			$995,000 - $999,999	4	$3,984,000	$996,000	$995,000	397
			$1,085,000 - $1,089,999	1	$1,088,000	$1,088,000	$1,088,000	134
			$1,090,000 - $1,094,999	2	$2,180,000	$1,090,000	$1,090,000	391
			$1,095,000 - $1,099,999	3	$3,285,000	$1,095,000	$1,095,000	478
			$1,145,000 - $1,149,999	1	$1,145,000	$1,145,000	$1,145,000	161
			$1,195,000 - $1,199,999	1	$1,195,000	$1,195,000	$1,195,000	496
			$1,200,000 - $1,204,999	1	$1,200,000	$1,200,000	$1,200,000	546
			$1,245,000 - $1,249,999	2	$2,498,000	$1,249,000	$1,249,000	255
			$1,250,000 - $1,254,999	1	$1,250,000	$1,250,000	$1,250,000	253
			$1,295,000 - $1,299,999	2	$2,590,000	$1,295,000	$1,295,000	330
			$1,385,000 - $1,389,999	1	$1,385,000	$1,385,000	$1,385,000	528
			$1,395,000 - $1,399,999	1	$1,399,000	$1,399,000	$1,399,000	196
			$1,445,000 - $1,449,999	1	$1,449,000	$1,449,000	$1,449,000	74
			$1,490,000 - $1,494,999	1	$1,492,000	$1,492,000	$1,492,000	139
			$1,495,000 - $1,499,999	2	$2,994,000	$1,497,000	$1,497,000	413
			$1,595,000 - $1,599,999	1	$1,595,000	$1,595,000	$1,595,000	272
			$1,600,000 - $1,604,999	1	$1,600,000	$1,600,000	$1,600,000	72
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	38
			$1,785,000 - $1,789,999	1	$1,785,000	$1,785,000	$1,785,000	207
			$1,795,000 - $1,799,999	2	$3,590,000	$1,795,000	$1,795,000	455
			$1,900,000 - $1,904,999	2	$3,800,000	$1,900,000	$1,900,000	312
			$1,975,000 - $1,979,999	1	$1,975,000	$1,975,000	$1,975,000	179
			$1,995,000 - $1,999,999	2	$3,990,000	$1,995,000	$1,995,000	278
			$2,100,000 - $2,104,999	2	$4,200,000	$2,100,000	$2,100,000	585
			$2,275,000 - $2,279,999	1	$2,275,000	$2,275,000	$2,275,000	424
			$2,295,000 - $2,299,999	1	$2,295,000	$2,295,000	$2,295,000	279
			$2,300,000 - $2,304,999	1	$2,300,000	$2,300,000	$2,300,000	227
			$2,345,000 - $2,349,999	1	$2,345,000	$2,345,000	$2,345,000	258
			$2,450,000 - $2,454,999	1	$2,450,000	$2,450,000	$2,450,000	83
			$2,455,000 - $2,459,999	1	$2,459,000	$2,459,000	$2,459,000	210
			$2,495,000 - $2,499,999	1	$2,495,000	$2,495,000	$2,495,000	97
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	680
			$2,580,000 - $2,584,999	1	$2,580,000	$2,580,000	$2,580,000	200
			$2,595,000 - $2,599,999	1	$2,595,000	$2,595,000	$2,595,000	393
			$2,700,000 - $2,704,999	1	$2,700,000	$2,700,000	$2,700,000	147
			$2,750,000 - $2,754,999	3	$8,250,000	$2,750,000	$2,750,000	333
			$2,795,000 - $2,799,999	1	$2,798,000	$2,798,000	$2,798,000	677
			$2,995,000 - $2,999,999	2	$5,994,000	$2,997,000	$2,997,000	606
			$3,495,000 - $3,499,999	1	$3,495,000	$3,495,000	$3,495,000	243
			$3,800,000 - $3,804,999	1	$3,800,000	$3,800,000	$3,800,000	496
			$3,895,000 - $3,899,999	1	$3,899,900	$3,899,900	$3,899,900	533
			$3,995,000 - $3,999,999	2	$7,994,999	$3,997,500	$3,997,500	189
			$4,495,000 - $4,499,999	2	$8,990,000	$4,495,000	$4,495,000	507
			$4,750,000 - $4,754,999	1	$4,750,000	$4,750,000	$4,750,000	69
			$4,950,000 - $4,954,999	2	$9,900,000	$4,950,000	$4,950,000	644
			$5,250,000 - $5,254,999	1	$5,250,000	$5,250,000	$5,250,000	607
			$5,295,000 - $5,299,999	1	$5,295,000	$5,295,000	$5,295,000	176
			$5,400,000 - $5,404,999	1	$5,400,000	$5,400,000	$5,400,000	278
			$5,500,000 - $5,504,999	1	$5,500,000	$5,500,000	$5,500,000	612
			$5,595,000 - $5,599,999	1	$5,595,000	$5,595,000	$5,595,000	251
			$5,895,000 - $5,899,999	1	$5,895,000	$5,895,000	$5,895,000	103
			$5,950,000 - $5,954,999	2	$11,900,000	$5,950,000	$5,950,000	368
			$5,995,000 - $5,999,999	2	$11,990,000	$5,995,000	$5,995,000	378
			$6,500,000 - $6,504,999	1	$6,500,000	$6,500,000	$6,500,000	67
			$7,495,000 - $7,499,999	1	$7,495,000	$7,495,000	$7,495,000	570
			$7,750,000 - $7,754,999	1	$7,750,000	$7,750,000	$7,750,000	75
			$9,495,000 - $9,499,999	1	$9,495,000	$9,495,000	$9,495,000	588
			$11,250,000 - $11,254,999	1	$11,250,000	$11,250,000	$11,250,000	532
			$32,500,000 - $32,504,999	1	$32,500,000	$32,500,000	$32,500,000	90
			$100,000,000 - $100,004,999	1	$100,000,000	$100,000,000	$100,000,000	857
			Sub Total	123	$398,747,255	$3,241,848	$1,399,000	306
New
	RESIDENTIAL
		Residential
			$430,000 - $434,999	1	$430,000	$430,000	$430,000	5
			$840,000 - $844,999	1	$840,000	$840,000	$840,000	2
			Sub Total	2	$1,270,000	$635,000	$635,000	4
Back On Market
	RESIDENTIAL
		Residential
			$2,350,000 - $2,354,999	1	$2,350,000	$2,350,000	$2,350,000	12
			Sub Total	1	$2,350,000	$2,350,000	$2,350,000	12
Extended
	RESIDENTIAL
		Residential
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	90
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	185
			$4,495,000 - $4,499,999	1	$4,495,000	$4,495,000	$4,495,000	280
			Sub Total	3	$5,694,000	$1,898,000	$750,000	185
Price Reduced
	RESIDENTIAL
		Residential
			$315,000 - $319,999	1	$319,200	$319,200	$319,200	49
			$550,000 - $554,999	1	$551,900	$551,900	$551,900	95
			$1,790,000 - $1,794,999	1	$1,790,000	$1,790,000	$1,790,000	165
			Sub Total	3	$2,661,100	$887,033	$551,900	103
Active/Pending-Call
	RESIDENTIAL
		Residential
			$295,000 - $299,999	1	$299,900	$299,900	$299,900	149
			$325,000 - $329,999	1	$329,900	$329,900	$329,900	90
			$465,000 - $469,999	1	$465,000	$465,000	$465,000	698
			$725,000 - $729,999	1	$725,000	$725,000	$725,000	130
			$4,995,000 - $4,999,999	1	$4,995,000	$4,995,000	$4,995,000	282
			Sub Total	5	$6,814,800	$1,362,960	$465,000	270
Active/Pending-Loan
	RESIDENTIAL
		Residential
			$395,000 - $399,999	1	$399,900	$399,900	$399,900	167
			$475,000 - $479,999	1	$479,000	$479,000	$479,000	196
			$775,000 - $779,999	1	$775,000	$775,000	$775,000	66
			Sub Total	3	$1,653,900	$551,300	$479,000	143
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			$445,000 - $449,999	1	$445,000	$445,000	$445,000	420
			$1,495,000 - $1,499,999	1	$1,495,000	$1,495,000	$1,495,000	152
			Sub Total	2	$1,940,000	$970,000	$970,000	286
SOLD
	RESIDENTIAL
		Residential
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	6
			$600,000 - $604,999	1	$603,000	$603,000	$603,000	98
			$770,000 - $774,999	1	$770,000	$770,000	$770,000	97
			Sub Total	3	$1,823,000	$607,667	$603,000	67
PENDING-No Show
	RESIDENTIAL
		Residential
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	6
			Sub Total	1	$749,000	$749,000	$749,000	6

Grand Totals				146	$423,703,055	$2,902,076	$1,224,500	281

Filed Under Weekly Statistics for NV · Leave a Comment

CA Weekly Market Update

January 26, 2009

What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes only. The reason that I use this segment of the market is that it has the most influence on the general value trends.

The number of Active Listings has dropped since last week from 396 to 382. The Pending Sales has increased from 47 to 52. This gives us a ratio of 13.6% between Active and Pending listings. Last year the Active listings was still hovering at 384 Active listings, 36 Pending sales for a ratio of 8.6%. Sales appear to be up this year!

Listings per Status

Area Market Survey

Listings as of 01/26/09 at 9:37am

Active
Listing Price Range	Quantity	Average DOM
$100,000 thru $119,999	1	41
$140,000 thru $159,999	1	210
$160,000 thru $179,999	1	21
$180,000 thru $199,999	6	81
$200,000 thru $249,999	13	125
$250,000 thru $299,999	26	176
$300,000 thru $349,999	41	171
$350,000 thru $399,999	41	143
$400,000 thru $449,999	28	237
$450,000 thru $499,999	22	196
$500,000 thru $549,999	18	255
$550,000 thru $599,999	28	218
$600,000 thru $649,999	14	195
$650,000 thru $699,999	29	134
$700,000 thru $749,999	6	116
$750,000 thru $799,999	10	223
$800,000 thru $849,999	9	168
$850,000 thru $899,999	12	211
$900,000 thru $949,999	3	200
$950,000 thru $999,999	13	219
$1,000,000 thru $1,249,999	19	184
$1,250,000 thru $1,499,999	12	241
$1,500,000 thru $1,749,999	8	195
$1,750,000 thru $1,999,999	4	387
$2,000,000 thru $2,249,999	2	340
$2,250,000 thru $2,499,999	5	112
$2,500,000 thru $2,749,999	3	119
$3,000,000 thru $3,249,999	1	137
$3,250,000 thru $3,499,999	1	245
$3,500,000 thru $3,749,999	1	229
$4,750,000 thru $4,999,999	1	39
$5,000,000 thru $5,999,999	1	181
$6,000,000 thru $6,999,999	1	930
$7,000,000 thru $7,999,999	1	248
	382	188


Summary Price Information
Minimum	$100,000	Maximum	$7,560,000
Average	$738,418	Median	$535,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2009 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 01/26/09 at 9:37am

Pending
Listing Price Range	Quantity	Average DOM
$160,000 thru $179,999	3	168
$180,000 thru $199,999	1	26
$200,000 thru $249,999	5	66
$250,000 thru $299,999	8	154
$300,000 thru $349,999	4	123
$350,000 thru $399,999	8	154
$400,000 thru $449,999	6	227
$450,000 thru $499,999	1	61
$500,000 thru $549,999	6	361
$550,000 thru $599,999	1	170
$600,000 thru $649,999	2	273
$650,000 thru $699,999	2	127
$800,000 thru $849,999	2	197
$850,000 thru $899,999	1	252
$1,250,000 thru $1,499,999	2	166
	52	180


Summary Price Information
Minimum	$169,000	Maximum	$1,350,000
Average	$443,144	Median	$383,950

Sold
Selling Price Range	Quantity	Average DOM
$140,000 thru $159,999	1	64
$180,000 thru $199,999	1	114
$200,000 thru $249,999	2	141
$250,000 thru $299,999	3	76
$300,000 thru $349,999	1	154
$350,000 thru $399,999	1	148
$400,000 thru $449,999	1	65
$450,000 thru $499,999	2	76
	12	101


Summary Price Information
Minimum	$155,000	Maximum	$470,000
Average	$307,858	Median	$288,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2009 Rapattoni Corporation. All rights reserved.

Filed Under Weekly Statistics for CA · Leave a Comment

IRS TO EXPEDITE TAX LIEN RELIEF FOR HOMEOWNERS

January 19, 2009

Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®

IRS TO EXPEDITE TAX LIEN RELIEF FOR HOMEOWNERS
The Internal Revenue Service (IRS) recently announced it will expedite its process of providing relief from federal tax liens for distressed homeowners. With over one million current federal tax liens against real and personal property, the IRS announcement should help REALTORS® and their clients resolve federal tax lien issues in their sale and loan transactions.

As background, a homeowner seeking to sell or refinance a property must generally pay off an existing federal tax lien. However, during the current economic downturn, many homeowners don’t have the cash or equity to do so. Hence, for a refinance, the homeowner may request that the IRS makes its tax lien subordinate or secondary to the lien of the refinancing lender. For a sale, the homeowner may, under certain circumstances, request that the IRS discharge its claim. The IRS’s processing time for subordination or discharge requests has been about 30 days. The IRS is currently working to expedite that time frame to help distressed homeowners. For IRS instructions on requesting relief from federal tax liens, go to the IRS Publication 783 for discharges and Publication 784 for subordinations at www.irs.gov.

C.A.R. provides REALTORS® with many legal articles covering a wide range of topics of interest. Some of the new or newly revised legal articles available at http://qa.car.org are as follows:

- Abandoned Personal Property After Termination of a Tenancy.
- REO “Net” Commissions.
- Licensing Guide for REALTORS®.

More info top

Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing nearly 200,000 REALTORS® statewide.

Executive offices:
525 South Virgil Ave., Los Angeles CA 90020
phone (213) 739-8200; fax (213) 480-7724

Legislative offices:
980 Ninth Street #1430, Sacramento CA 95814
phone (916) 492-5200; fax (916) 444-2033

To view C.A.R.’s Privacy Policy, click on this link:
http://www.car.org/aboutus/privacypolicy/

If you wish to update the email address to which this newsletter is sent, please do not reply to this email.
Email address change requests must be directed to your local Association, the South Tahoe AOR® at Sharon@STAOR.org.

You are receiving the HTML version of Realegal®. To receive it in text format, Click here

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To contact C.A.R. regarding Realegal®, click on this link:
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Filed Under National & California Association Of Realtors News · Leave a Comment

NV Weekly Market Update

January 19, 2009

We are seeing a 1% upswing in activity when looking at the ratio of Active Listings and Pending Sales. Active Listings are down by 9 and the Pending Sales is up by 1. We now have 2 sales for 2009 with a Median and Average value of $526,500. This is at the low end of the market. With a small inventory it is still slim pickings in any given price band.

Status	Class	Type	Price Range	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM

ACTIVE
	RESIDENTIAL
		Residential
			$295,000 - $299,999	1	$299,900	$299,900	$299,900	142
			$330,000 - $334,999	1	$332,500	$332,500	$332,500	42
			$395,000 - $399,999	1	$399,000	$399,000	$399,000	99
			$405,000 - $409,999	1	$405,000	$405,000	$405,000	123
			$415,000 - $419,999	1	$415,000	$415,000	$415,000	119
			$445,000 - $449,999	1	$449,000	$449,000	$449,000	80
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	83
			$465,000 - $469,999	1	$465,000	$465,000	$465,000	691
			$475,000 - $479,999	3	$1,433,000	$477,667	$479,000	394
			$500,000 - $504,999	2	$1,000,000	$500,000	$500,000	96
			$525,000 - $529,999	1	$529,000	$529,000	$529,000	112
			$550,000 - $554,999	1	$550,000	$550,000	$550,000	260
			$555,000 - $559,999	1	$555,000	$555,000	$555,000	282
			$560,000 - $564,999	1	$560,000	$560,000	$560,000	23
			$565,000 - $569,999	1	$565,000	$565,000	$565,000	459
			$570,000 - $574,999	1	$573,000	$573,000	$573,000	50
			$585,000 - $589,999	2	$1,174,000	$587,000	$587,000	208
			$595,000 - $599,999	3	$1,793,000	$597,667	$599,000	207
			$635,000 - $639,999	2	$1,278,000	$639,000	$639,000	177
			$645,000 - $649,999	1	$645,000	$645,000	$645,000	287
			$685,000 - $689,999	2	$1,378,500	$689,250	$689,250	157
			$695,000 - $699,999	3	$2,093,000	$697,667	$699,000	377
			$700,000 - $704,999	1	$700,000	$700,000	$700,000	262
			$715,000 - $719,999	1	$719,000	$719,000	$719,000	108
			$745,000 - $749,999	1	$749,000	$749,000	$749,000	190
			$750,000 - $754,999	1	$750,000	$750,000	$750,000	210
			$845,000 - $849,999	2	$1,694,999	$847,500	$847,500	117
			$975,000 - $979,999	1	$975,000	$975,000	$975,000	206
			$990,000 - $994,999	1	$990,000	$990,000	$990,000	200
			$995,000 - $999,999	4	$3,984,000	$996,000	$995,000	390
			$1,085,000 - $1,089,999	1	$1,088,000	$1,088,000	$1,088,000	127
			$1,090,000 - $1,094,999	2	$2,180,000	$1,090,000	$1,090,000	384
			$1,095,000 - $1,099,999	3	$3,285,000	$1,095,000	$1,095,000	471
			$1,145,000 - $1,149,999	1	$1,145,000	$1,145,000	$1,145,000	154
			$1,195,000 - $1,199,999	1	$1,195,000	$1,195,000	$1,195,000	489
			$1,200,000 - $1,204,999	1	$1,200,000	$1,200,000	$1,200,000	539
			$1,245,000 - $1,249,999	2	$2,498,000	$1,249,000	$1,249,000	248
			$1,250,000 - $1,254,999	1	$1,250,000	$1,250,000	$1,250,000	246
			$1,295,000 - $1,299,999	2	$2,590,000	$1,295,000	$1,295,000	323
			$1,385,000 - $1,389,999	1	$1,385,000	$1,385,000	$1,385,000	521
			$1,395,000 - $1,399,999	1	$1,399,000	$1,399,000	$1,399,000	189
			$1,445,000 - $1,449,999	1	$1,449,000	$1,449,000	$1,449,000	67
			$1,490,000 - $1,494,999	1	$1,492,000	$1,492,000	$1,492,000	132
			$1,495,000 - $1,499,999	2	$2,994,000	$1,497,000	$1,497,000	406
			$1,595,000 - $1,599,999	1	$1,595,000	$1,595,000	$1,595,000	265
			$1,600,000 - $1,604,999	1	$1,600,000	$1,600,000	$1,600,000	65
			$1,650,000 - $1,654,999	1	$1,650,000	$1,650,000	$1,650,000	294
			$1,750,000 - $1,754,999	1	$1,750,000	$1,750,000	$1,750,000	31
			$1,785,000 - $1,789,999	1	$1,785,000	$1,785,000	$1,785,000	200
			$1,795,000 - $1,799,999	3	$5,385,000	$1,795,000	$1,795,000	351
			$1,900,000 - $1,904,999	2	$3,800,000	$1,900,000	$1,900,000	305
			$1,975,000 - $1,979,999	1	$1,975,000	$1,975,000	$1,975,000	172
			$1,995,000 - $1,999,999	3	$5,985,000	$1,995,000	$1,995,000	228
			$2,100,000 - $2,104,999	2	$4,200,000	$2,100,000	$2,100,000	578
			$2,275,000 - $2,279,999	1	$2,275,000	$2,275,000	$2,275,000	417
			$2,295,000 - $2,299,999	1	$2,295,000	$2,295,000	$2,295,000	272
			$2,300,000 - $2,304,999	1	$2,300,000	$2,300,000	$2,300,000	220
			$2,345,000 - $2,349,999	1	$2,345,000	$2,345,000	$2,345,000	251
			$2,450,000 - $2,454,999	1	$2,450,000	$2,450,000	$2,450,000	76
			$2,455,000 - $2,459,999	1	$2,459,000	$2,459,000	$2,459,000	203
			$2,495,000 - $2,499,999	1	$2,495,000	$2,495,000	$2,495,000	90
			$2,550,000 - $2,554,999	1	$2,550,000	$2,550,000	$2,550,000	673
			$2,595,000 - $2,599,999	1	$2,595,000	$2,595,000	$2,595,000	386
			$2,700,000 - $2,704,999	1	$2,700,000	$2,700,000	$2,700,000	140
			$2,750,000 - $2,754,999	2	$5,500,000	$2,750,000	$2,750,000	367
			$2,795,000 - $2,799,999	2	$5,593,000	$2,796,500	$2,796,500	495
			$2,995,000 - $2,999,999	2	$5,994,000	$2,997,000	$2,997,000	599
			$3,495,000 - $3,499,999	1	$3,495,000	$3,495,000	$3,495,000	236
			$3,800,000 - $3,804,999	1	$3,800,000	$3,800,000	$3,800,000	489
			$3,895,000 - $3,899,999	1	$3,899,900	$3,899,900	$3,899,900	526
			$3,995,000 - $3,999,999	2	$7,994,999	$3,997,500	$3,997,500	182
			$4,495,000 - $4,499,999	3	$13,485,000	$4,495,000	$4,495,000	424
			$4,750,000 - $4,754,999	1	$4,750,000	$4,750,000	$4,750,000	62
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	277
			$5,250,000 - $5,254,999	1	$5,250,000	$5,250,000	$5,250,000	600
			$5,295,000 - $5,299,999	1	$5,295,000	$5,295,000	$5,295,000	169
			$5,400,000 - $5,404,999	1	$5,400,000	$5,400,000	$5,400,000	271
			$5,500,000 - $5,504,999	2	$11,000,000	$5,500,000	$5,500,000	502
			$5,595,000 - $5,599,999	1	$5,595,000	$5,595,000	$5,595,000	244
			$5,895,000 - $5,899,999	1	$5,895,000	$5,895,000	$5,895,000	96
			$5,950,000 - $5,954,999	2	$11,900,000	$5,950,000	$5,950,000	361
			$5,995,000 - $5,999,999	2	$11,990,000	$5,995,000	$5,995,000	371
			$6,500,000 - $6,504,999	1	$6,500,000	$6,500,000	$6,500,000	60
			$7,495,000 - $7,499,999	1	$7,495,000	$7,495,000	$7,495,000	563
			$7,750,000 - $7,754,999	1	$7,750,000	$7,750,000	$7,750,000	68
			$9,495,000 - $9,499,999	1	$9,495,000	$9,495,000	$9,495,000	581
			$11,250,000 - $11,254,999	1	$11,250,000	$11,250,000	$11,250,000	525
			$32,500,000 - $32,504,999	1	$32,500,000	$32,500,000	$32,500,000	83
			$100,000,000 - $100,004,999	1	$100,000,000	$100,000,000	$100,000,000	850
			Sub Total	124	$404,019,798	$3,258,224	$1,493,500	295
New
	RESIDENTIAL
		Residential
			$625,000 - $629,999	1	$625,000	$625,000	$625,000	1
			Sub Total	1	$625,000	$625,000	$625,000	1
Extended
	RESIDENTIAL
		Residential
			$680,000 - $684,999	1	$681,000	$681,000	$681,000	403
			$795,000 - $799,999	1	$795,057	$795,057	$795,057	592
			$985,000 - $989,999	1	$989,000	$989,000	$989,000	354
			$2,580,000 - $2,584,999	1	$2,580,000	$2,580,000	$2,580,000	193
			$2,750,000 - $2,754,999	1	$2,750,000	$2,750,000	$2,750,000	245
			Sub Total	5	$7,795,057	$1,559,011	$989,000	357
Price Reduced
	RESIDENTIAL
		Residential
			$535,000 - $539,999	1	$539,900	$539,900	$539,900	33
			$550,000 - $554,999	1	$554,900	$554,900	$554,900	61
			$4,950,000 - $4,954,999	1	$4,950,000	$4,950,000	$4,950,000	996
			Sub Total	3	$6,044,800	$2,014,933	$554,900	363
Active/Pending-Call
	RESIDENTIAL
		Residential
			$325,000 - $329,999	1	$329,900	$329,900	$329,900	83
			$725,000 - $729,999	1	$725,000	$725,000	$725,000	123
			$4,995,000 - $4,999,999	1	$4,995,000	$4,995,000	$4,995,000	275
			Sub Total	3	$6,049,900	$2,016,633	$725,000	160
Active/Pending-Loan
	RESIDENTIAL
		Residential
			$395,000 - $399,999	1	$399,900	$399,900	$399,900	160
			$775,000 - $779,999	1	$775,000	$775,000	$775,000	59
			$795,000 - $799,999	1	$799,000	$799,000	$799,000	95
			Sub Total	3	$1,973,900	$657,967	$775,000	105
Active/Pending-Short Sale
	RESIDENTIAL
		Residential
			$445,000 - $449,999	1	$445,000	$445,000	$445,000	413
			$1,495,000 - $1,499,999	1	$1,495,000	$1,495,000	$1,495,000	145
			Sub Total	2	$1,940,000	$970,000	$970,000	279
SOLD
	RESIDENTIAL
		Residential
			$450,000 - $454,999	1	$450,000	$450,000	$450,000	6
			$600,000 - $604,999	1	$603,000	$603,000	$603,000	98
			Sub Total	2	$1,053,000	$526,500	$526,500	52

Grand Totals				143	$429,501,455	$3,003,507	$1,295,000	286

Filed Under Weekly Statistics for NV · Leave a Comment

CA Weekly Market Update

January 19, 2009

The number of Active Listings is on the rise with an additional 17 new listings since last week for a total of 396. The number of Pending Sales has remained the same at 47 to give us a ratio of 10.6%. This ratio is down since last week with the increase of Active Listings. Last year at this time we had 384 Active listings and 36 Pending sales for a ratio of 8.6%. You would think the market is more active but the extended period of time for Short Sales can scew that result. If we continue this trend, then the buyers will not only find lower values but more selection as well. Check out the selection in the $650 to $700 price band. With only 2 Pending sales, there has to be some values available there!

Listings per Status

Area Market Survey

Listings as of 01/19/09 at 8:10am

Active
Listing Price Range	Quantity	Average DOM
$100,000 thru $119,999	1	34
$160,000 thru $179,999	2	146
$180,000 thru $199,999	5	62
$200,000 thru $249,999	14	111
$250,000 thru $299,999	31	151
$300,000 thru $349,999	40	172
$350,000 thru $399,999	44	132
$400,000 thru $449,999	27	222
$450,000 thru $499,999	23	204
$500,000 thru $549,999	20	224
$550,000 thru $599,999	29	213
$600,000 thru $649,999	12	200
$650,000 thru $699,999	32	128
$700,000 thru $749,999	7	98
$750,000 thru $799,999	10	216
$800,000 thru $849,999	11	162
$850,000 thru $899,999	11	136
$900,000 thru $949,999	4	235
$950,000 thru $999,999	11	248
$1,000,000 thru $1,249,999	18	185
$1,250,000 thru $1,499,999	15	225
$1,500,000 thru $1,749,999	8	188
$1,750,000 thru $1,999,999	4	380
$2,000,000 thru $2,249,999	2	333
$2,250,000 thru $2,499,999	4	113
$2,500,000 thru $2,749,999	4	103
$3,000,000 thru $3,249,999	1	130
$3,250,000 thru $3,499,999	1	238
$3,750,000 thru $3,999,999	1	222
$4,750,000 thru $4,999,999	1	32
$5,000,000 thru $5,999,999	1	174
$7,000,000 thru $7,999,999	2	582
	396	178


Summary Price Information
Minimum	$100,000	Maximum	$7,950,000
Average	$736,271	Median	$534,500

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Area Market Survey

Listings as of 01/19/09 at 8:10am

Pending
Listing Price Range	Quantity	Average DOM
$140,000 thru $159,999	1	203
$160,000 thru $179,999	2	103
$180,000 thru $199,999	1	19
$200,000 thru $249,999	4	73
$250,000 thru $299,999	6	175
$300,000 thru $349,999	5	108
$350,000 thru $399,999	8	159
$400,000 thru $449,999	5	263
$450,000 thru $499,999	1	54
$500,000 thru $549,999	4	479
$550,000 thru $599,999	1	163
$600,000 thru $649,999	2	266
$650,000 thru $699,999	2	120
$800,000 thru $849,999	2	190
$850,000 thru $899,999	1	245
$1,000,000 thru $1,249,999	1	81
$1,250,000 thru $1,499,999	1	111
	47	183


Summary Price Information
Minimum	$155,000	Maximum	$1,295,000
Average	$443,530	Median	$378,900

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Filed Under Weekly Statistics for CA · Leave a Comment

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