NV Weekly Market Report

February 23, 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.

It was a little quiet on the NV side as well this past week with 3 more Active Listings and the Pending Sales decreased by 1 for a total of 13.  The ratio between Active Listings and Pending Sales went down from 9.9% to 9%.  The Sold Sales for the year remained the same at 4 with an average Median of $526,500 and an Average Sale of $539,500.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,500 $279,500 $279,500 77
      $385,000 – $389,999 1 $389,250 $389,250 $389,250 134
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 12
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 154
      $425,000 – $429,999 1 $425,000 $425,000 $425,000 295
      $430,000 – $434,999 1 $430,000 $430,000 $430,000 33
      $445,000 – $449,999 2 $898,000 $449,000 $449,000 117
      $475,000 – $479,999 1 $479,000 $479,000 $479,000 317
      $495,000 – $499,999 1 $499,900 $499,900 $499,900 68
      $500,000 – $504,999 2 $1,000,000 $500,000 $500,000 131
      $515,000 – $519,999 1 $519,000 $519,000 $519,000 35
      $525,000 – $529,999 1 $529,000 $529,000 $529,000 147
      $545,000 – $549,999 1 $549,000 $549,000 $549,000 85
      $555,000 – $559,999 1 $555,000 $555,000 $555,000 317
      $565,000 – $569,999 2 $1,134,000 $567,000 $567,000 255
      $585,000 – $589,999 1 $589,000 $589,000 $589,000 376
      $595,000 – $599,999 2 $1,194,000 $597,000 $597,000 157
      $625,000 – $629,999 1 $625,000 $625,000 $625,000 36
      $645,000 – $649,999 1 $645,000 $645,000 $645,000 322
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 206
      $695,000 – $699,999 2 $1,394,000 $697,000 $697,000 94
      $700,000 – $704,999 1 $700,000 $700,000 $700,000 297
      $715,000 – $719,999 1 $719,000 $719,000 $719,000 143
      $745,000 – $749,999 2 $1,498,000 $749,000 $749,000 559
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 229
      $795,000 – $799,999 4 $3,184,557 $796,139 $795,029 220
      $845,000 – $849,999 2 $1,698,999 $849,500 $849,500 171
      $885,000 – $889,999 1 $889,000 $889,000 $889,000 70
      $895,000 – $899,999 1 $899,000 $899,000 $899,000 314
      $975,000 – $979,999 1 $975,000 $975,000 $975,000 241
      $985,000 – $989,999 1 $989,000 $989,000 $989,000 389
      $995,000 – $999,999 1 $995,000 $995,000 $995,000 599
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 162
      $1,090,000 – $1,094,999 1 $1,090,000 $1,090,000 $1,090,000 523
      $1,095,000 – $1,099,999 2 $2,190,000 $1,095,000 $1,095,000 381
      $1,195,000 – $1,199,999 1 $1,195,000 $1,195,000 $1,195,000 524
      $1,200,000 – $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 574
      $1,245,000 – $1,249,999 2 $2,498,000 $1,249,000 $1,249,000 283
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 281
      $1,295,000 – $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 145
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 17
      $1,385,000 – $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 556
      $1,395,000 – $1,399,999 3 $4,193,000 $1,397,667 $1,399,000 270
      $1,445,000 – $1,449,999 1 $1,449,000 $1,449,000 $1,449,000 102
      $1,495,000 – $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 515
      $1,595,000 – $1,599,999 1 $1,595,000 $1,595,000 $1,595,000 300
      $1,600,000 – $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 100
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 66
      $1,790,000 – $1,794,999 1 $1,790,000 $1,790,000 $1,790,000 193
      $1,795,000 – $1,799,999 2 $3,590,000 $1,795,000 $1,795,000 483
      $1,900,000 – $1,904,999 1 $1,900,000 $1,900,000 $1,900,000 612
      $1,950,000 – $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 40
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 207
      $1,995,000 – $1,999,999 2 $3,990,000 $1,995,000 $1,995,000 306
      $2,100,000 – $2,104,999 2 $4,200,000 $2,100,000 $2,100,000 613
      $2,275,000 – $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 452
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 307
      $2,300,000 – $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 255
      $2,345,000 – $2,349,999 1 $2,345,000 $2,345,000 $2,345,000 286
      $2,450,000 – $2,454,999 1 $2,450,000 $2,450,000 $2,450,000 111
      $2,455,000 – $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 238
      $2,495,000 – $2,499,999 3 $7,485,000 $2,495,000 $2,495,000 342
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 708
      $2,580,000 – $2,584,999 1 $2,580,000 $2,580,000 $2,580,000 228
      $2,595,000 – $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 421
      $2,700,000 – $2,704,999 1 $2,700,000 $2,700,000 $2,700,000 175
      $2,750,000 – $2,754,999 2 $5,500,000 $2,750,000 $2,750,000 392
      $2,995,000 – $2,999,999 2 $5,994,000 $2,997,000 $2,997,000 634
      $3,400,000 – $3,404,999 1 $3,400,000 $3,400,000 $3,400,000 561
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 271
      $3,800,000 – $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 524
      $3,900,000 – $3,904,999 1 $3,900,000 $3,900,000 $3,900,000 308
      $3,990,000 – $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 834
      $3,995,000 – $3,999,999 2 $7,994,999 $3,997,500 $3,997,500 217
      $4,375,000 – $4,379,999 1 $4,375,000 $4,375,000 $4,375,000 8
      $4,495,000 – $4,499,999 1 $4,495,000 $4,495,000 $4,495,000 235
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 279
      $4,750,000 – $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 97
      $4,950,000 – $4,954,999 2 $9,900,000 $4,950,000 $4,950,000 672
      $5,250,000 – $5,254,999 1 $5,250,000 $5,250,000 $5,250,000 635
      $5,295,000 – $5,299,999 1 $5,295,000 $5,295,000 $5,295,000 204
      $5,400,000 – $5,404,999 1 $5,400,000 $5,400,000 $5,400,000 306
      $5,450,000 – $5,454,999 1 $5,450,000 $5,450,000 $5,450,000 612
      $5,695,000 – $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 131
      $5,950,000 – $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 179
      $5,995,000 – $5,999,999 2 $11,990,000 $5,995,000 $5,995,000 406
      $6,500,000 – $6,504,999 1 $6,500,000 $6,500,000 $6,500,000 95
      $7,495,000 – $7,499,999 1 $7,495,000 $7,495,000 $7,495,000 598
      $7,750,000 – $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 103
      $9,495,000 – $9,499,999 1 $9,495,000 $9,495,000 $9,495,000 616
      $10,750,000 – $10,754,999 1 $10,750,000 $10,750,000 $10,750,000 560
      $32,500,000 – $32,504,999 1 $32,500,000 $32,500,000 $32,500,000 118
      $100,000,000 – $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 885
      Sub Total 118 $391,400,705 $3,316,955 $1,472,000 304
New                
  RESIDENTIAL              
    Residential            
      $175,000 – $179,999 1 $179,900 $179,900 $179,900 4
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 5
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 3
      $4,950,000 – $4,954,999 1 $4,950,000 $4,950,000 $4,950,000 1
      $5,500,000 – $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 0
      Sub Total 5 $11,918,900 $2,383,780 $650,000 3
Extended                
  RESIDENTIAL              
    Residential            
      $475,000 – $479,999 1 $479,000 $479,000 $479,000 224
      $545,000 – $549,999 1 $549,900 $549,900 $549,900 96
      $775,000 – $779,999 1 $775,000 $775,000 $775,000 94
      Sub Total 3 $1,803,900 $601,300 $549,900 138
Price Reduced                
  RESIDENTIAL              
    Residential            
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 159
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 178
      $1,700,000 – $1,704,999 1 $1,700,000 $1,700,000 $1,700,000 67
      $2,640,000 – $2,644,999 1 $2,640,000 $2,640,000 $2,640,000 300
      Sub Total 4 $5,608,000 $1,402,000 $1,169,500 176
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $295,000 – $299,999 1 $299,900 $299,900 $299,900 177
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 158
      $1,785,000 – $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 235
      $4,995,000 – $4,999,999 1 $4,995,000 $4,995,000 $4,995,000 310
      Sub Total 4 $7,804,900 $1,951,225 $1,255,000 220
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 2 $798,900 $399,450 $399,450 110
      $550,000 – $554,999 1 $551,900 $551,900 $551,900 123
      $560,000 – $564,999 1 $560,000 $560,000 $560,000 58
      Sub Total 4 $1,910,800 $477,700 $475,900 100
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $585,000 – $589,999 1 $585,000 $585,000 $585,000 438
      $1,495,000 – $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 180
      Sub Total 2 $2,080,000 $1,040,000 $1,040,000 309
SOLD                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $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 4 $2,158,000 $539,500 $526,500 155
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $325,000 – $329,999 1 $329,900 $329,900 $329,900 117
      $745,000 – $749,999 1 $749,000 $749,000 $749,000 34
      $925,000 – $929,999 1 $925,000 $925,000 $925,000 138
      Sub Total 3 $2,003,900 $667,967 $749,000 96
                 
Grand Totals 147 $426,689,105 $2,902,647 $1,250,000 271

CA Weekly Market Update

February 23, 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. 
This past week we have seen a slight decrease in market activity.  This is evident by the number of Pending Sales which are down by 6 while Active Listings are up by 5.  The ratio between Active Listings and Pending Sales is down from 12.2% to 11% this week.  The number of Sold Listings is up to 39 for the year from 28 with a Median Price of $319,000 and Average Sale Price of $387,456.  Last year at this time we had 383 Active Listings and 57 Pending Sales for a ratio of 13%.  With Sellers already making about an 8% adjustment in pricing since last year, the pressure is still on for downward pricing.

 

 

 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

 

 

 

Area Market Survey

 

 

 

Listings as of 02/23/09 at 8:39pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 1 69  
$140,000 thru $159,999 2 144  
$160,000 thru $179,999 1 52  
$180,000 thru $199,999 5 135  
$200,000 thru $249,999 12 172  
$250,000 thru $299,999 30 165  
$300,000 thru $349,999 35 171  
$350,000 thru $399,999 43 176  
$400,000 thru $449,999 24 214  
$450,000 thru $499,999 28 174  
$500,000 thru $549,999 14 217  
$550,000 thru $599,999 34 215  
$600,000 thru $649,999 12 198  
$650,000 thru $699,999 32 139  
$700,000 thru $749,999 7 185  
$750,000 thru $799,999 15 146  
$800,000 thru $849,999 7 139  
$850,000 thru $899,999 9 233  
$900,000 thru $949,999 3 290  
$950,000 thru $999,999 15 241  
$1,000,000 thru $1,249,999 14 213  
$1,250,000 thru $1,499,999 17 219  
$1,500,000 thru $1,749,999 7 211  
$1,750,000 thru $1,999,999 4 415  
$2,000,000 thru $2,249,999 3 253  
$2,250,000 thru $2,499,999 5 140  
$2,500,000 thru $2,749,999 4 115  
$2,750,000 thru $2,999,999 1 24  
$3,000,000 thru $3,249,999 1 165  
$3,250,000 thru $3,499,999 1 270  
$3,500,000 thru $3,749,999 1 257  
$3,750,000 thru $3,999,999 1 4  
$4,750,000 thru $4,999,999 1 67  
$5,000,000 thru $5,999,999 1 209  
$6,000,000 thru $6,999,999 1 958  
$7,000,000 thru $7,999,999 1 276  
  392 189  
 
Summary Price Information
Minimum  $100,000 Maximum  $7,560,000
Average  $762,244 Median  $554,950
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 02/23/09 at 8:39pm

Pending
Listing Price Range  Quantity      Average DOM  
$160,000 thru $179,999 2 172  
$180,000 thru $199,999 1 54  
$200,000 thru $249,999 6 80  
$250,000 thru $299,999 8 119  
$300,000 thru $349,999 10 119  
$350,000 thru $399,999 2 350  
$400,000 thru $449,999 5 355  
$450,000 thru $499,999 2 189  
$500,000 thru $549,999 2 776  
$550,000 thru $599,999 1 198  
$600,000 thru $649,999 2 301  
$650,000 thru $699,999 3 137  
$750,000 thru $799,999 1 126  
$850,000 thru $899,999 1 280  
$1,250,000 thru $1,499,999 1 144  
$1,500,000 thru $1,749,999 1 188  
  48 195  
 
Summary Price Information
Minimum  $160,000 Maximum  $1,575,000
Average  $429,951 Median  $332,000

Sold
Selling Price Range  Quantity      Average DOM  
$140,000 thru $159,999 2 60  
$160,000 thru $179,999 1 173  
$180,000 thru $199,999 3 81  
$200,000 thru $249,999 3 110  
$250,000 thru $299,999 7 124  
$300,000 thru $349,999 5 147  
$350,000 thru $399,999 4 105  
$400,000 thru $449,999 5 186  
$450,000 thru $499,999 2 76  
$500,000 thru $549,999 2 237  
$550,000 thru $599,999 1 234  
$750,000 thru $799,999 1 78  
$800,000 thru $849,999 1 337  
$900,000 thru $949,999 1 239  
$1,250,000 thru $1,499,999 1 229  
  39 143  
 
Summary Price Information
Minimum  $145,000 Maximum  $1,275,000
Average  $387,456 Median  $319,000
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.

TREASURY DEPT. ANNOUNCES HOMEOWNER AFFORDABILITY AND STABILITY PLAN

February 19, 2009

The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country. 

  • Millions of responsible families who make their monthly payments and fulfill their obligations have seen their property values fall, and are now unable to refinance at lower mortgage rates. 

  • Millions of workers have lost their jobs or had their hours cut back, are now struggling to stay current on their mortgage payments – with nearly 6 million households facing possible foreclosure. 

  • Neighborhoods are struggling, as each foreclosed home reduces nearby property values by as much as 9 percent.

  1. A $75 Billion Homeowner Stability Initiative to Reach Up to 3 to 4 Million At-Risk Homeowners

     

  2. Supporting Low Mortgage Rates By Strengthening Confidence in Fannie Mae and Freddie Mac
Refinancing for Up to 4 to 5 Million Responsible Homeowners to Make Their Mortgages More Affordable

 

 

The Homeowner Affordability and Stability Plan is part of the President’s broad, comprehensive strategy to get the economy back on track.  The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure.  In doing so, the plan not only helps responsible homeowners on the verge of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs. The key components of the Homeowner Affordability and Stability Plan are: 

1.      Affordability:  Provide Access to Low-Cost Refinancing for Responsible Homeowners Suffering From Falling Home Prices

·         Enabling Up to 4 to 5 Million Responsible Homeowners to Refinance: Mortgage rates are currently at historically low levels, providing homeowners with the opportunity to reduce their monthly payments by refinancing. But under current rules, most families who owe more than 80 percent of the value of their homes have a difficult time refinancing. Yet millions of responsible homeowners who put money down and made their mortgage payments on time have – through no fault of their own – seen the value of their homes drop low enough to make them unable to access these lower rates. As a result, the Obama Administration is announcing a new program that will help as many as 4 to 5 million responsible homeowners who took out conforming loans owned or guaranteed by Fannie Mae or Freddie Mac to refinance through those two institutions.

·         Reducing Monthly Payments: For many families, a low-cost refinancing could reduce mortgage payments by thousands of dollars per year: 

o Consider a family that took out a 30-year fixed rate mortgage of $207,000 with an interest rate of 6.50% on a house worth $260,000 at the time. Today, that family has about $200,000 remaining on their mortgage, but the value of that home has fallen 15 percent to $221,000 – making them ineligible for today’s low interest rates that now generally require the borrower to have 20 percent home equity. Under this refinancing plan, that family could refinance to a rate near 5.16% – reducing their annual payments by over $2,300.



 

CA Weekly Market Statistics

February 16, 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. 
Active Listings is down by 2 and the Pending Sales are up by 3 since last week.  This brings up the ratio between Active Listings and Pending Sales to 12.2% from 11.6% last week.  There has been one more Sold property since last week.  Overall this is encouraging because we are seeing the buying activity remain about the same and the inventories aren’nt rising as quickly as last year. 

 

 

 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

 

 

 

Area Market Survey

 

 

 

Listings as of 02/16/09 at 4:47pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 1 62  
$140,000 thru $159,999 2 137  
$160,000 thru $179,999 1 45  
$180,000 thru $199,999 4 123  
$200,000 thru $249,999 14 159  
$250,000 thru $299,999 28 169  
$300,000 thru $349,999 36 160  
$350,000 thru $399,999 42 156  
$400,000 thru $449,999 22 235  
$450,000 thru $499,999 24 184  
$500,000 thru $549,999 16 233  
$550,000 thru $599,999 33 218  
$600,000 thru $649,999 12 182  
$650,000 thru $699,999 36 138  
$700,000 thru $749,999 5 221  
$750,000 thru $799,999 16 139  
$800,000 thru $849,999 8 154  
$850,000 thru $899,999 9 226  
$900,000 thru $949,999 3 283  
$950,000 thru $999,999 15 234  
$1,000,000 thru $1,249,999 14 206  
$1,250,000 thru $1,499,999 16 218  
$1,500,000 thru $1,749,999 6 238  
$1,750,000 thru $1,999,999 4 408  
$2,000,000 thru $2,249,999 3 246  
$2,250,000 thru $2,499,999 5 133  
$2,500,000 thru $2,749,999 4 108  
$2,750,000 thru $2,999,999 1 17  
$3,000,000 thru $3,249,999 1 158  
$3,250,000 thru $3,499,999 1 263  
$3,500,000 thru $3,749,999 1 250  
$4,750,000 thru $4,999,999 1 60  
$5,000,000 thru $5,999,999 1 202  
$6,000,000 thru $6,999,999 1 951  
$7,000,000 thru $7,999,999 1 269  
  387 187  
 
Summary Price Information
Minimum  $100,000 Maximum  $7,560,000
Average  $754,577 Median  $558,500
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 02/16/09 at 4:47pm

Pending
Listing Price Range  Quantity      Average DOM  
$160,000 thru $179,999 2 165  
$180,000 thru $199,999 1 47  
$200,000 thru $249,999 6 69  
$250,000 thru $299,999 10 108  
$300,000 thru $349,999 10 117  
$350,000 thru $399,999 3 267  
$400,000 thru $449,999 6 350  
$450,000 thru $499,999 2 182  
$500,000 thru $549,999 4 507  
$550,000 thru $599,999 1 191  
$600,000 thru $649,999 2 294  
$650,000 thru $699,999 2 148  
$750,000 thru $799,999 1 119  
$800,000 thru $849,999 1 341  
$850,000 thru $899,999 1 273  
$1,250,000 thru $1,499,999 1 139  
$1,500,000 thru $1,749,999 1 181  
  54 194  
 
Summary Price Information
Minimum  $160,000 Maximum  $1,575,000
Average  $429,712 Median  $339,000

Sold
Selling Price Range  Quantity      Average DOM  
$140,000 thru $159,999 2 60  
$160,000 thru $179,999 1 173  
$180,000 thru $199,999 3 81  
$200,000 thru $249,999 3 110  
$250,000 thru $299,999 3 76  
$300,000 thru $349,999 5 147  
$350,000 thru $399,999 3 102  
$400,000 thru $449,999 3 149  
$450,000 thru $499,999 2 76  
$750,000 thru $799,999 1 78  
$900,000 thru $949,999 1 239  
$1,250,000 thru $1,499,999 1 229  
  28 117  
 
Summary Price Information
Minimum  $145,000 Maximum  $1,275,000
Average  $371,707 Median  $311,500
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.

NV Weekly Market Statistics Update

February 16, 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.

The Nevada market has improved by 1 Pending Sale since last week.  The total of Active Listings is down by 2 which gives us a slightly improved ratio between Active Listings and Pending Sales of 9.9%.  The number of Solds remains at 4 with the Average sale at $539,500 and the Median sale at $526,500.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,500 $279,500 $279,500 70
      $385,000 – $389,999 1 $389,250 $389,250 $389,250 127
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 147
      $430,000 – $434,999 1 $430,000 $430,000 $430,000 26
      $445,000 – $449,999 2 $898,000 $449,000 $449,000 110
      $475,000 – $479,999 1 $479,000 $479,000 $479,000 310
      $500,000 – $504,999 2 $1,000,000 $500,000 $500,000 124
      $515,000 – $519,999 1 $519,000 $519,000 $519,000 28
      $525,000 – $529,999 1 $529,000 $529,000 $529,000 140
      $545,000 – $549,999 1 $549,000 $549,000 $549,000 78
      $555,000 – $559,999 1 $555,000 $555,000 $555,000 310
      $565,000 – $569,999 2 $1,134,000 $567,000 $567,000 248
      $585,000 – $589,999 1 $589,000 $589,000 $589,000 369
      $595,000 – $599,999 2 $1,194,000 $597,000 $597,000 150
      $625,000 – $629,999 1 $625,000 $625,000 $625,000 29
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 122
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 243
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 199
      $695,000 – $699,999 2 $1,394,000 $697,000 $697,000 87
      $700,000 – $704,999 1 $700,000 $700,000 $700,000 290
      $715,000 – $719,999 1 $719,000 $719,000 $719,000 136
      $745,000 – $749,999 2 $1,498,000 $749,000 $749,000 552
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 222
      $795,000 – $799,999 4 $3,184,557 $796,139 $795,029 213
      $845,000 – $849,999 1 $849,999 $849,999 $849,999 99
      $895,000 – $899,999 1 $899,000 $899,000 $899,000 307
      $975,000 – $979,999 1 $975,000 $975,000 $975,000 234
      $985,000 – $989,999 1 $989,000 $989,000 $989,000 382
      $995,000 – $999,999 2 $1,994,000 $997,000 $997,000 328
      $1,050,000 – $1,054,999 1 $1,050,000 $1,050,000 $1,050,000 228
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 155
      $1,090,000 – $1,094,999 1 $1,090,000 $1,090,000 $1,090,000 516
      $1,095,000 – $1,099,999 2 $2,190,000 $1,095,000 $1,095,000 374
      $1,195,000 – $1,199,999 1 $1,195,000 $1,195,000 $1,195,000 517
      $1,200,000 – $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 567
      $1,245,000 – $1,249,999 2 $2,498,000 $1,249,000 $1,249,000 276
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 274
      $1,295,000 – $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 138
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 10
      $1,385,000 – $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 549
      $1,395,000 – $1,399,999 3 $4,193,000 $1,397,667 $1,399,000 263
      $1,445,000 – $1,449,999 1 $1,449,000 $1,449,000 $1,449,000 95
      $1,495,000 – $1,499,999 2 $2,994,000 $1,497,000 $1,497,000 434
      $1,595,000 – $1,599,999 1 $1,595,000 $1,595,000 $1,595,000 293
      $1,600,000 – $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 93
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 59
      $1,790,000 – $1,794,999 1 $1,790,000 $1,790,000 $1,790,000 186
      $1,795,000 – $1,799,999 2 $3,590,000 $1,795,000 $1,795,000 476
      $1,900,000 – $1,904,999 2 $3,800,000 $1,900,000 $1,900,000 333
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 200
      $1,995,000 – $1,999,999 2 $3,990,000 $1,995,000 $1,995,000 299
      $2,100,000 – $2,104,999 2 $4,200,000 $2,100,000 $2,100,000 606
      $2,275,000 – $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 445
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 300
      $2,300,000 – $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 248
      $2,345,000 – $2,349,999 1 $2,345,000 $2,345,000 $2,345,000 279
      $2,450,000 – $2,454,999 1 $2,450,000 $2,450,000 $2,450,000 104
      $2,455,000 – $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 231
      $2,495,000 – $2,499,999 2 $4,990,000 $2,495,000 $2,495,000 153
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 701
      $2,580,000 – $2,584,999 1 $2,580,000 $2,580,000 $2,580,000 221
      $2,595,000 – $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 414
      $2,700,000 – $2,704,999 1 $2,700,000 $2,700,000 $2,700,000 168
      $2,750,000 – $2,754,999 3 $8,250,000 $2,750,000 $2,750,000 354
      $2,995,000 – $2,999,999 2 $5,994,000 $2,997,000 $2,997,000 627
      $3,400,000 – $3,404,999 1 $3,400,000 $3,400,000 $3,400,000 554
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 264
      $3,800,000 – $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 517
      $3,990,000 – $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 827
      $3,995,000 – $3,999,999 2 $7,994,999 $3,997,500 $3,997,500 210
      $4,495,000 – $4,499,999 2 $8,990,000 $4,495,000 $4,495,000 265
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 272
      $4,750,000 – $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 90
      $4,950,000 – $4,954,999 2 $9,900,000 $4,950,000 $4,950,000 665
      $5,250,000 – $5,254,999 1 $5,250,000 $5,250,000 $5,250,000 628
      $5,295,000 – $5,299,999 1 $5,295,000 $5,295,000 $5,295,000 197
      $5,400,000 – $5,404,999 1 $5,400,000 $5,400,000 $5,400,000 299
      $5,500,000 – $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 633
      $5,695,000 – $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 124
      $5,950,000 – $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 172
      $5,995,000 – $5,999,999 2 $11,990,000 $5,995,000 $5,995,000 399
      $6,500,000 – $6,504,999 1 $6,500,000 $6,500,000 $6,500,000 88
      $7,495,000 – $7,499,999 1 $7,495,000 $7,495,000 $7,495,000 591
      $7,750,000 – $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 96
      $9,495,000 – $9,499,999 1 $9,495,000 $9,495,000 $9,495,000 609
      $11,250,000 – $11,254,999 1 $11,250,000 $11,250,000 $11,250,000 553
      $32,500,000 – $32,504,999 1 $32,500,000 $32,500,000 $32,500,000 111
      $100,000,000 – $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 878
      Sub Total 117 $390,145,805 $3,334,580 $1,495,000 299
New                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 5
      $4,375,000 – $4,379,999 1 $4,375,000 $4,375,000 $4,375,000 1
      Sub Total 2 $4,774,000 $2,387,000 $2,387,000 3
Price Reduced                
  RESIDENTIAL              
    Residential            
      $425,000 – $429,999 1 $425,000 $425,000 $425,000 288
      $495,000 – $499,999 1 $499,900 $499,900 $499,900 61
      $545,000 – $549,999 1 $549,900 $549,900 $549,900 89
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 152
      $925,000 – $929,999 1 $925,000 $925,000 $925,000 131
      $1,950,000 – $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 33
      $2,495,000 – $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 698
      $5,450,000 – $5,454,999 1 $5,450,000 $5,450,000 $5,450,000 605
      Sub Total 8 $12,933,800 $1,616,725 $782,000 257
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $295,000 – $299,999 1 $299,900 $299,900 $299,900 170
      $465,000 – $469,999 1 $465,000 $465,000 $465,000 719
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 151
      $1,785,000 – $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 228
      $4,995,000 – $4,999,999 1 $4,995,000 $4,995,000 $4,995,000 303
      Sub Total 5 $8,269,900 $1,653,980 $725,000 314
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 2 $798,900 $399,450 $399,450 103
      $550,000 – $554,999 1 $551,900 $551,900 $551,900 116
      $560,000 – $564,999 1 $560,000 $560,000 $560,000 51
      $775,000 – $779,999 1 $775,000 $775,000 $775,000 87
      Sub Total 5 $2,685,800 $537,160 $551,900 92
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $585,000 – $589,999 1 $585,000 $585,000 $585,000 431
      $1,495,000 – $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 173
      Sub Total 2 $2,080,000 $1,040,000 $1,040,000 302
SOLD                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $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 4 $2,158,000 $539,500 $526,500 155
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $325,000 – $329,999 1 $329,900 $329,900 $329,900 110
      $745,000 – $749,999 1 $749,000 $749,000 $749,000 27
      Sub Total 2 $1,078,900 $539,450 $539,450 69
                 
Grand Totals 145 $424,126,205 $2,925,008 $1,295,000 279

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