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Nevada Weekly Market Update

September 9, 2009

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos 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 Market Activity Ratio went up from 11.4% to 12.9% this past week which is the relationship between Active Listings and Pending Sales.  This is the result of the Active Listings decreasing by 2 and the Pending Sales increasing by 2.  The number of Completed Transactions or Sales didn’t change from last week and the YTD remains at 60 with the Median Sales Price at $517,500, Average Sales Price at $840,112 and Average Days on Market 182.  The Nevada market is a little sleepy.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $280,000 – $284,999 1 $284,900 $284,900 $284,900 26
      $300,000 – $304,999 1 $304,000 $304,000 $304,000 63
      $375,000 – $379,999 1 $379,900 $379,900 $379,900 323
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 154
      $400,000 – $404,999 1 $400,000 $400,000 $400,000 55
      $425,000 – $429,999 1 $429,000 $429,000 $429,000 41
      $460,000 – $464,999 1 $462,600 $462,600 $462,600 66
      $495,000 – $499,999 2 $998,500 $499,250 $499,250 46
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 74
      $525,000 – $529,999 1 $525,000 $525,000 $525,000 387
      $545,000 – $549,999 2 $1,098,000 $549,000 $549,000 193
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 315
      $555,000 – $559,999 1 $557,000 $557,000 $557,000 234
      $570,000 – $574,999 2 $1,147,500 $573,750 $573,750 140
      $590,000 – $594,999 1 $594,000 $594,000 $594,000 117
      $595,000 – $599,999 2 $1,196,777 $598,389 $598,389 121
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 77
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 422
      $655,000 – $659,999 1 $659,000 $659,000 $659,000 16
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 396
      $690,000 – $694,999 1 $694,700 $694,700 $694,700 13
      $725,000 – $729,999 2 $1,458,000 $729,000 $729,000 389
      $745,000 – $749,999 2 $1,494,900 $747,450 $747,450 617
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 620
      $765,000 – $769,999 1 $769,950 $769,950 $769,950 376
      $775,000 – $779,999 2 $1,550,000 $775,000 $775,000 175
      $795,000 – $799,999 3 $2,397,000 $799,000 $799,000 300
      $800,000 – $804,999 1 $800,000 $800,000 $800,000 57
      $825,000 – $829,999 1 $825,000 $825,000 $825,000 113
      $840,000 – $844,999 1 $840,000 $840,000 $840,000 54
      $850,000 – $854,999 1 $850,000 $850,000 $850,000 30
      $895,000 – $899,999 4 $3,584,500 $896,125 $895,250 284
      $975,000 – $979,999 1 $979,000 $979,000 $979,000 26
      $1,060,000 – $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 66
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 360
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 136
      $1,150,000 – $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 309
      $1,190,000 – $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 144
      $1,195,000 – $1,199,999 4 $4,784,000 $1,196,000 $1,195,000 501
      $1,200,000 – $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 661
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 469
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 422
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 215
      $1,350,000 – $1,354,999 3 $4,050,000 $1,350,000 $1,350,000 51
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 361
      $1,390,000 – $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 273
      $1,395,000 – $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 609
      $1,400,000 – $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 265
      $1,445,000 – $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 54
      $1,500,000 – $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 896
      $1,585,000 – $1,589,999 1 $1,585,000 $1,585,000 $1,585,000 54
      $1,695,000 – $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 235
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 264
      $1,775,000 – $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 466
      $1,785,000 – $1,789,999 2 $3,570,000 $1,785,000 $1,785,000 98
      $1,890,000 – $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 30
      $1,950,000 – $1,954,999 3 $5,850,000 $1,950,000 $1,950,000 206
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 650
      $1,995,000 – $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 323
      $2,095,000 – $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 505
      $2,100,000 – $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 812
      $2,190,000 – $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 420
      $2,245,000 – $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 69
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 387
      $2,300,000 – $2,304,999 2 $4,600,000 $2,300,000 $2,300,000 303
      $2,400,000 – $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1097
      $2,495,000 – $2,499,999 2 $4,994,000 $2,497,000 $2,497,000 803
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 105
      $2,595,000 – $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 421
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 239
      $2,795,000 – $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 133
      $2,900,000 – $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 137
      $2,925,000 – $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 73
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 30
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 469
      $3,950,000 – $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 206
      $3,995,000 – $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 262
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 452
      $4,680,000 – $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 124
      $4,695,000 – $4,699,999 1 $4,695,000 $4,695,000 $4,695,000 199
      $4,700,000 – $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 117
      Sub Total 113 $170,253,727 $1,506,670 $1,199,000 284
New                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 1 $395,000 $395,000 $395,000 6
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 5
      Sub Total 2 $915,000 $457,500 $457,500 6
Extended                
  RESIDENTIAL              
    Residential            
      $535,000 – $539,999 1 $539,000 $539,000 $539,000 187
      $1,850,000 – $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 227
      $2,445,000 – $2,449,999 1 $2,449,000 $2,449,000 $2,449,000 420
      Sub Total 3 $4,838,000 $1,612,667 $1,850,000 278
Price Reduced                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,000 $279,000 $279,000 193
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 57
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 61
      $1,495,000 – $1,499,999 1 $1,499,000 $1,499,000 $1,499,000 21
      Sub Total 4 $3,388,000 $847,000 $805,000 83
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $355,000 $355,000 $355,000 162
      $675,000 – $679,999 1 $675,000 $675,000 $675,000 404
      $1,470,000 – $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 43
      $3,995,000 – $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 170
      Sub Total 4 $6,495,000 $1,623,750 $1,072,500 195
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $356,400 $356,400 $356,400 51
      $540,000 – $544,999 1 $540,000 $540,000 $540,000 51
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 49
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 76
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 402
      Sub Total 5 $6,046,400 $1,209,280 $550,000 126
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $480,000 – $484,999 1 $484,000 $484,000 $484,000 277
      $555,000 – $559,999 1 $559,000 $559,000 $559,000 635
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 417
      $765,000 – $769,999 1 $765,000 $765,000 $765,000 232
      $1,695,000 – $1,699,999 1 $1,695,000 $1,695,000 $1,695,000 105
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 89
      Sub Total 6 $7,653,000 $1,275,500 $707,500 293
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 – $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 – $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 – $254,999 1 $250,000 $250,000 $250,000 93
      $265,000 – $269,999 1 $269,900 $269,900 $269,900 38
      $280,000 – $284,999 1 $280,000 $280,000 $280,000 199
      $285,000 – $289,999 1 $289,900 $289,900 $289,900 92
      $290,000 – $294,999 1 $292,000 $292,000 $292,000 41
      $300,000 – $304,999 2 $601,000 $300,500 $300,500 196
      $325,000 – $329,999 2 $656,500 $328,250 $328,250 79
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $350,000 – $354,999 1 $350,000 $350,000 $350,000 134
      $355,000 – $359,999 2 $715,910 $357,955 $357,955 154
      $375,000 – $379,999 2 $753,000 $376,500 $376,500 100
      $380,000 – $384,999 2 $762,500 $381,250 $381,250 170
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 41
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 255
      $435,000 – $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 – $454,999 2 $900,000 $450,000 $450,000 60
      $455,000 – $459,999 1 $455,000 $455,000 $455,000 247
      $485,000 – $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 551
      $515,000 – $519,999 1 $515,000 $515,000 $515,000 74
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 50
      $540,000 – $544,999 1 $542,000 $542,000 $542,000 137
      $545,000 – $549,999 2 $1,090,000 $545,000 $545,000 63
      $550,000 – $554,999 2 $1,100,000 $550,000 $550,000 63
      $575,000 – $579,999 1 $575,000 $575,000 $575,000 86
      $590,000 – $594,999 1 $590,000 $590,000 $590,000 156
      $600,000 – $604,999 2 $1,204,900 $602,450 $602,450 60
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 – $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 – $709,999 1 $705,999 $705,999 $705,999 202
      $715,000 – $719,999 1 $715,000 $715,000 $715,000 102
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 107
      $770,000 – $774,999 1 $770,000 $770,000 $770,000 97
      $780,000 – $784,999 1 $781,000 $781,000 $781,000 100
      $810,000 – $814,999 1 $810,000 $810,000 $810,000 121
      $890,000 – $894,999 1 $890,000 $890,000 $890,000 477
      $950,000 – $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $1,265,000 – $1,269,999 1 $1,265,000 $1,265,000 $1,265,000 10
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 35
      $1,625,000 – $1,629,999 1 $1,625,000 $1,625,000 $1,625,000 270
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 652
      $2,750,000 – $2,754,999 1 $2,750,000 $2,750,000 $2,750,000 731
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 94
      $3,650,000 – $3,654,999 1 $3,650,000 $3,650,000 $3,650,000 1026
      $4,200,000 – $4,204,999 1 $4,200,000 $4,200,000 $4,200,000 321
      $4,225,000 – $4,229,999 1 $4,225,000 $4,225,000 $4,225,000 634
      Sub Total 60 $50,406,730 $840,112 $517,500 182
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $339,900 $339,900 $339,900 21
      $710,000 – $714,999 1 $711,550 $711,550 $711,550 43
      $795,000 – $799,999 1 $799,900 $799,900 $799,900 71
      Sub Total 3 $1,851,350 $617,117 $711,550 45
                 
Grand Totals 200 $251,847,207 $1,259,236 $799,000 237
Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $280,000 – $284,999 1 $284,900 $284,900 $284,900 26
      $300,000 – $304,999 1 $304,000 $304,000 $304,000 63
      $375,000 – $379,999 1 $379,900 $379,900 $379,900 323
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 154
      $400,000 – $404,999 1 $400,000 $400,000 $400,000 55
      $425,000 – $429,999 1 $429,000 $429,000 $429,000 41
      $460,000 – $464,999 1 $462,600 $462,600 $462,600 66
      $495,000 – $499,999 2 $998,500 $499,250 $499,250 46
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 74
      $525,000 – $529,999 1 $525,000 $525,000 $525,000 387
      $545,000 – $549,999 2 $1,098,000 $549,000 $549,000 193
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 315
      $555,000 – $559,999 1 $557,000 $557,000 $557,000 234
      $570,000 – $574,999 2 $1,147,500 $573,750 $573,750 140
      $590,000 – $594,999 1 $594,000 $594,000 $594,000 117
      $595,000 – $599,999 2 $1,196,777 $598,389 $598,389 121
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 77
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 422
      $655,000 – $659,999 1 $659,000 $659,000 $659,000 16
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 396
      $690,000 – $694,999 1 $694,700 $694,700 $694,700 13
      $725,000 – $729,999 2 $1,458,000 $729,000 $729,000 389
      $745,000 – $749,999 2 $1,494,900 $747,450 $747,450 617
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 620
      $765,000 – $769,999 1 $769,950 $769,950 $769,950 376
      $775,000 – $779,999 2 $1,550,000 $775,000 $775,000 175
      $795,000 – $799,999 3 $2,397,000 $799,000 $799,000 300
      $800,000 – $804,999 1 $800,000 $800,000 $800,000 57
      $825,000 – $829,999 1 $825,000 $825,000 $825,000 113
      $840,000 – $844,999 1 $840,000 $840,000 $840,000 54
      $850,000 – $854,999 1 $850,000 $850,000 $850,000 30
      $895,000 – $899,999 4 $3,584,500 $896,125 $895,250 284
      $975,000 – $979,999 1 $979,000 $979,000 $979,000 26
      $1,060,000 – $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 66
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 360
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 136
      $1,150,000 – $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 309
      $1,190,000 – $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 144
      $1,195,000 – $1,199,999 4 $4,784,000 $1,196,000 $1,195,000 501
      $1,200,000 – $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 661
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 469
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 422
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 215
      $1,350,000 – $1,354,999 3 $4,050,000 $1,350,000 $1,350,000 51
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 361
      $1,390,000 – $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 273
      $1,395,000 – $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 609
      $1,400,000 – $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 265
      $1,445,000 – $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 54
      $1,500,000 – $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 896
      $1,585,000 – $1,589,999 1 $1,585,000 $1,585,000 $1,585,000 54
      $1,695,000 – $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 235
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 264
      $1,775,000 – $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 466
      $1,785,000 – $1,789,999 2 $3,570,000 $1,785,000 $1,785,000 98
      $1,890,000 – $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 30
      $1,950,000 – $1,954,999 3 $5,850,000 $1,950,000 $1,950,000 206
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 650
      $1,995,000 – $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 323
      $2,095,000 – $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 505
      $2,100,000 – $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 812
      $2,190,000 – $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 420
      $2,245,000 – $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 69
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 387
      $2,300,000 – $2,304,999 2 $4,600,000 $2,300,000 $2,300,000 303
      $2,400,000 – $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1097
      $2,495,000 – $2,499,999 2 $4,994,000 $2,497,000 $2,497,000 803
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 105
      $2,595,000 – $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 421
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 239
      $2,795,000 – $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 133
      $2,900,000 – $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 137
      $2,925,000 – $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 73
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 30
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 469
      $3,950,000 – $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 206
      $3,995,000 – $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 262
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 452
      $4,680,000 – $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 124
      $4,695,000 – $4,699,999 1 $4,695,000 $4,695,000 $4,695,000 199
      $4,700,000 – $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 117
      Sub Total 113 $170,253,727 $1,506,670 $1,199,000 284
New                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 1 $395,000 $395,000 $395,000 6
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 5
      Sub Total 2 $915,000 $457,500 $457,500 6
Extended                
  RESIDENTIAL              
    Residential            
      $535,000 – $539,999 1 $539,000 $539,000 $539,000 187
      $1,850,000 – $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 227
      $2,445,000 – $2,449,999 1 $2,449,000 $2,449,000 $2,449,000 420
      Sub Total 3 $4,838,000 $1,612,667 $1,850,000 278
Price Reduced                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,000 $279,000 $279,000 193
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 57
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 61
      $1,495,000 – $1,499,999 1 $1,499,000 $1,499,000 $1,499,000 21
      Sub Total 4 $3,388,000 $847,000 $805,000 83
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $355,000 $355,000 $355,000 162
      $675,000 – $679,999 1 $675,000 $675,000 $675,000 404
      $1,470,000 – $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 43
      $3,995,000 – $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 170
      Sub Total 4 $6,495,000 $1,623,750 $1,072,500 195
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $356,400 $356,400 $356,400 51
      $540,000 – $544,999 1 $540,000 $540,000 $540,000 51
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 49
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 76
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 402
      Sub Total 5 $6,046,400 $1,209,280 $550,000 126
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $480,000 – $484,999 1 $484,000 $484,000 $484,000 277
      $555,000 – $559,999 1 $559,000 $559,000 $559,000 635
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 417
      $765,000 – $769,999 1 $765,000 $765,000 $765,000 232
      $1,695,000 – $1,699,999 1 $1,695,000 $1,695,000 $1,695,000 105
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 89
      Sub Total 6 $7,653,000 $1,275,500 $707,500 293
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 – $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 – $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 – $254,999 1 $250,000 $250,000 $250,000 93
      $265,000 – $269,999 1 $269,900 $269,900 $269,900 38
      $280,000 – $284,999 1 $280,000 $280,000 $280,000 199
      $285,000 – $289,999 1 $289,900 $289,900 $289,900 92
      $290,000 – $294,999 1 $292,000 $292,000 $292,000 41
      $300,000 – $304,999 2 $601,000 $300,500 $300,500 196
      $325,000 – $329,999 2 $656,500 $328,250 $328,250 79
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $350,000 – $354,999 1 $350,000 $350,000 $350,000 134
      $355,000 – $359,999 2 $715,910 $357,955 $357,955 154
      $375,000 – $379,999 2 $753,000 $376,500 $376,500 100
      $380,000 – $384,999 2 $762,500 $381,250 $381,250 170
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 41
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 255
      $435,000 – $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 – $454,999 2 $900,000 $450,000 $450,000 60
      $455,000 – $459,999 1 $455,000 $455,000 $455,000 247
      $485,000 – $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 551
      $515,000 – $519,999 1 $515,000 $515,000 $515,000 74
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 50
      $540,000 – $544,999 1 $542,000 $542,000 $542,000 137
      $545,000 – $549,999 2 $1,090,000 $545,000 $545,000 63
      $550,000 – $554,999 2 $1,100,000 $550,000 $550,000 63
      $575,000 – $579,999 1 $575,000 $575,000 $575,000 86
      $590,000 – $594,999 1 $590,000 $590,000 $590,000 156
      $600,000 – $604,999 2 $1,204,900 $602,450 $602,450 60
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 – $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 – $709,999 1 $705,999 $705,999 $705,999 202
      $715,000 – $719,999 1 $715,000 $715,000 $715,000 102
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 107
      $770,000 – $774,999 1 $770,000 $770,000 $770,000 97
      $780,000 – $784,999 1 $781,000 $781,000 $781,000 100
      $810,000 – $814,999 1 $810,000 $810,000 $810,000 121
      $890,000 – $894,999 1 $890,000 $890,000 $890,000 477
      $950,000 – $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $1,265,000 – $1,269,999 1 $1,265,000 $1,265,000 $1,265,000 10
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 35
      $1,625,000 – $1,629,999 1 $1,625,000 $1,625,000 $1,625,000 270
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 652
      $2,750,000 – $2,754,999 1 $2,750,000 $2,750,000 $2,750,000 731
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 94
      $3,650,000 – $3,654,999 1 $3,650,000 $3,650,000 $3,650,000 1026
      $4,200,000 – $4,204,999 1 $4,200,000 $4,200,000 $4,200,000 321
      $4,225,000 – $4,229,999 1 $4,225,000 $4,225,000 $4,225,000 634
      Sub Total 60 $50,406,730 $840,112 $517,500 182
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $339,900 $339,900 $339,900 21
      $710,000 – $714,999 1 $711,550 $711,550 $711,550 43
      $795,000 – $799,999 1 $799,900 $799,900 $799,900 71
      Sub Total 3 $1,851,350 $617,117 $711,550 45
                 
Grand Totals 200 $251,847,207 $1,259,236 $799,000 237
Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $280,000 – $284,999 1 $284,900 $284,900 $284,900 26
      $300,000 – $304,999 1 $304,000 $304,000 $304,000 63
      $375,000 – $379,999 1 $379,900 $379,900 $379,900 323
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 154
      $400,000 – $404,999 1 $400,000 $400,000 $400,000 55
      $425,000 – $429,999 1 $429,000 $429,000 $429,000 41
      $460,000 – $464,999 1 $462,600 $462,600 $462,600 66
      $495,000 – $499,999 2 $998,500 $499,250 $499,250 46
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 74
      $525,000 – $529,999 1 $525,000 $525,000 $525,000 387
      $545,000 – $549,999 2 $1,098,000 $549,000 $549,000 193
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 315
      $555,000 – $559,999 1 $557,000 $557,000 $557,000 234
      $570,000 – $574,999 2 $1,147,500 $573,750 $573,750 140
      $590,000 – $594,999 1 $594,000 $594,000 $594,000 117
      $595,000 – $599,999 2 $1,196,777 $598,389 $598,389 121
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 77
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 422
      $655,000 – $659,999 1 $659,000 $659,000 $659,000 16
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 396
      $690,000 – $694,999 1 $694,700 $694,700 $694,700 13
      $725,000 – $729,999 2 $1,458,000 $729,000 $729,000 389
      $745,000 – $749,999 2 $1,494,900 $747,450 $747,450 617
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 620
      $765,000 – $769,999 1 $769,950 $769,950 $769,950 376
      $775,000 – $779,999 2 $1,550,000 $775,000 $775,000 175
      $795,000 – $799,999 3 $2,397,000 $799,000 $799,000 300
      $800,000 – $804,999 1 $800,000 $800,000 $800,000 57
      $825,000 – $829,999 1 $825,000 $825,000 $825,000 113
      $840,000 – $844,999 1 $840,000 $840,000 $840,000 54
      $850,000 – $854,999 1 $850,000 $850,000 $850,000 30
      $895,000 – $899,999 4 $3,584,500 $896,125 $895,250 284
      $975,000 – $979,999 1 $979,000 $979,000 $979,000 26
      $1,060,000 – $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 66
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 360
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 136
      $1,150,000 – $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 309
      $1,190,000 – $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 144
      $1,195,000 – $1,199,999 4 $4,784,000 $1,196,000 $1,195,000 501
      $1,200,000 – $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 661
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 469
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 422
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 215
      $1,350,000 – $1,354,999 3 $4,050,000 $1,350,000 $1,350,000 51
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 361
      $1,390,000 – $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 273
      $1,395,000 – $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 609
      $1,400,000 – $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 265
      $1,445,000 – $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 54
      $1,500,000 – $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 896
      $1,585,000 – $1,589,999 1 $1,585,000 $1,585,000 $1,585,000 54
      $1,695,000 – $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 235
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 264
      $1,775,000 – $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 466
      $1,785,000 – $1,789,999 2 $3,570,000 $1,785,000 $1,785,000 98
      $1,890,000 – $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 30
      $1,950,000 – $1,954,999 3 $5,850,000 $1,950,000 $1,950,000 206
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 650
      $1,995,000 – $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 323
      $2,095,000 – $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 505
      $2,100,000 – $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 812
      $2,190,000 – $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 420
      $2,245,000 – $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 69
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 387
      $2,300,000 – $2,304,999 2 $4,600,000 $2,300,000 $2,300,000 303
      $2,400,000 – $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1097
      $2,495,000 – $2,499,999 2 $4,994,000 $2,497,000 $2,497,000 803
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 105
      $2,595,000 – $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 421
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 239
      $2,795,000 – $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 133
      $2,900,000 – $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 137
      $2,925,000 – $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 73
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 30
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 469
      $3,950,000 – $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 206
      $3,995,000 – $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 262
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 452
      $4,680,000 – $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 124
      $4,695,000 – $4,699,999 1 $4,695,000 $4,695,000 $4,695,000 199
      $4,700,000 – $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 117
      Sub Total 113 $170,253,727 $1,506,670 $1,199,000 284
New                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 1 $395,000 $395,000 $395,000 6
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 5
      Sub Total 2 $915,000 $457,500 $457,500 6
Extended                
  RESIDENTIAL              
    Residential            
      $535,000 – $539,999 1 $539,000 $539,000 $539,000 187
      $1,850,000 – $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 227
      $2,445,000 – $2,449,999 1 $2,449,000 $2,449,000 $2,449,000 420
      Sub Total 3 $4,838,000 $1,612,667 $1,850,000 278
Price Reduced                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,000 $279,000 $279,000 193
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 57
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 61
      $1,495,000 – $1,499,999 1 $1,499,000 $1,499,000 $1,499,000 21
      Sub Total 4 $3,388,000 $847,000 $805,000 83
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $355,000 $355,000 $355,000 162
      $675,000 – $679,999 1 $675,000 $675,000 $675,000 404
      $1,470,000 – $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 43
      $3,995,000 – $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 170
      Sub Total 4 $6,495,000 $1,623,750 $1,072,500 195
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $356,400 $356,400 $356,400 51
      $540,000 – $544,999 1 $540,000 $540,000 $540,000 51
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 49
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 76
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 402
      Sub Total 5 $6,046,400 $1,209,280 $550,000 126
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $480,000 – $484,999 1 $484,000 $484,000 $484,000 277
      $555,000 – $559,999 1 $559,000 $559,000 $559,000 635
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 417
      $765,000 – $769,999 1 $765,000 $765,000 $765,000 232
      $1,695,000 – $1,699,999 1 $1,695,000 $1,695,000 $1,695,000 105
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 89
      Sub Total 6 $7,653,000 $1,275,500 $707,500 293
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 – $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 – $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 – $254,999 1 $250,000 $250,000 $250,000 93
      $265,000 – $269,999 1 $269,900 $269,900 $269,900 38
      $280,000 – $284,999 1 $280,000 $280,000 $280,000 199
      $285,000 – $289,999 1 $289,900 $289,900 $289,900 92
      $290,000 – $294,999 1 $292,000 $292,000 $292,000 41
      $300,000 – $304,999 2 $601,000 $300,500 $300,500 196
      $325,000 – $329,999 2 $656,500 $328,250 $328,250 79
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $350,000 – $354,999 1 $350,000 $350,000 $350,000 134
      $355,000 – $359,999 2 $715,910 $357,955 $357,955 154
      $375,000 – $379,999 2 $753,000 $376,500 $376,500 100
      $380,000 – $384,999 2 $762,500 $381,250 $381,250 170
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 41
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 255
      $435,000 – $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 – $454,999 2 $900,000 $450,000 $450,000 60
      $455,000 – $459,999 1 $455,000 $455,000 $455,000 247
      $485,000 – $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 551
      $515,000 – $519,999 1 $515,000 $515,000 $515,000 74
      $520,000 – $524,999 1 $520,000 $520,000 $520,000 50
      $540,000 – $544,999 1 $542,000 $542,000 $542,000 137
      $545,000 – $549,999 2 $1,090,000 $545,000 $545,000 63
      $550,000 – $554,999 2 $1,100,000 $550,000 $550,000 63
      $575,000 – $579,999 1 $575,000 $575,000 $575,000 86
      $590,000 – $594,999 1 $590,000 $590,000 $590,000 156
      $600,000 – $604,999 2 $1,204,900 $602,450 $602,450 60
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 – $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 – $709,999 1 $705,999 $705,999 $705,999 202
      $715,000 – $719,999 1 $715,000 $715,000 $715,000 102
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 107
      $770,000 – $774,999 1 $770,000 $770,000 $770,000 97
      $780,000 – $784,999 1 $781,000 $781,000 $781,000 100
      $810,000 – $814,999 1 $810,000 $810,000 $810,000 121
      $890,000 – $894,999 1 $890,000 $890,000 $890,000 477
      $950,000 – $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $1,265,000 – $1,269,999 1 $1,265,000 $1,265,000 $1,265,000 10
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 35
      $1,625,000 – $1,629,999 1 $1,625,000 $1,625,000 $1,625,000 270
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 652
      $2,750,000 – $2,754,999 1 $2,750,000 $2,750,000 $2,750,000 731
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 94
      $3,650,000 – $3,654,999 1 $3,650,000 $3,650,000 $3,650,000 1026
      $4,200,000 – $4,204,999 1 $4,200,000 $4,200,000 $4,200,000 321
      $4,225,000 – $4,229,999 1 $4,225,000 $4,225,000 $4,225,000 634
      Sub Total 60 $50,406,730 $840,112 $517,500 182
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $339,900 $339,900 $339,900 21
      $710,000 – $714,999 1 $711,550 $711,550 $711,550 43
      $795,000 – $799,999 1 $799,900 $799,900 $799,900 71
      Sub Total 3 $1,851,350 $617,117 $711,550 45
                 
Grand Totals 200 $251,847,207 $1,259,236 $799,000 237

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CA Weekly Real Estate Market Update

September 8, 2009

As of July 29th, 2009, I began adding Condos to the market statistics.  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 and Condos.  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 the Market Activity Ratio remain somewhat stable compared to the previous week.  The Market Activity Ratio is the relationship between the Active Listings and Pending Sales which is a trend that I track for more current conditions.  This past week it dropped slightly from 19.7% to 19.4% due to the Active listing inventory increasing by 1 and the Pending Sales dropping by 1.  The completed transactions or Sales increased by 9 this past week for a YTD toal of 256 with a Median Sales Price of $319,000, Average Sales Price of $394,253 and Average Days On Market is 163.  The variance for Median Sales Price and the Average Sales Price from the previous week slightly changed which is up by .3% and down by .1% respectively.  Interesting to note that even though the market is driven by the majority of sales below $350,000, there were two sales at $599,000 and $901,000 this past week.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

 
Listings as of 09/08/09 at 9:30pm

Active
Listing Price Range  Quantity      Average DOM  
$100,000 thru $119,999 1 77  
$120,000 thru $139,999 1 0  
$140,000 thru $159,999 1 94  
$160,000 thru $179,999 7 116  
$180,000 thru $199,999 8 134  
$200,000 thru $249,999 18 111  
$250,000 thru $299,999 43 120  
$300,000 thru $349,999 48 107  
$350,000 thru $399,999 54 130  
$400,000 thru $449,999 26 184  
$450,000 thru $499,999 30 152  
$500,000 thru $549,999 22 182  
$550,000 thru $599,999 34 203  
$600,000 thru $649,999 10 116  
$650,000 thru $699,999 21 174  
$700,000 thru $749,999 11 210  
$750,000 thru $799,999 13 166  
$800,000 thru $849,999 10 171  
$850,000 thru $899,999 6 172  
$900,000 thru $949,999 4 299  
$950,000 thru $999,999 19 236  
$1,000,000 thru $1,249,999 10 278  
$1,250,000 thru $1,499,999 17 254  
$1,500,000 thru $1,749,999 6 195  
$1,750,000 thru $1,999,999 7 274  
$2,000,000 thru $2,249,999 2 414  
$2,250,000 thru $2,499,999 7 198  
$2,750,000 thru $2,999,999 1 68  
$3,000,000 thru $3,249,999 1 362  
$3,250,000 thru $3,499,999 2 323  
$3,750,000 thru $3,999,999 1 4  
$4,250,000 thru $4,499,999 1 406  
$4,500,000 thru $4,749,999 1 264  
$5,000,000 thru $5,999,999 1 1154  
  444 168  
 
Summary Price Information
Minimum  $117,900 Maximum  $5,950,000
Average  $674,454 Median  $492,000
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 09/08/09 at 9:30pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 4 140  
$180,000 thru $199,999 5 187  
$200,000 thru $249,999 13 82  
$250,000 thru $299,999 23 134  
$300,000 thru $349,999 10 163  
$350,000 thru $399,999 6 202  
$400,000 thru $449,999 5 223  
$450,000 thru $499,999 8 188  
$500,000 thru $549,999 7 174  
$550,000 thru $599,999 7 194  
$600,000 thru $649,999 3 273  
$650,000 thru $699,999 6 181  
$700,000 thru $749,999 5 402  
$750,000 thru $799,999 1 116  
$950,000 thru $999,999 2 598  
$1,250,000 thru $1,499,999 2 272  
  107 182  
 
Summary Price Information
Minimum  $140,000 Maximum  $1,349,000
Average  $424,557 Median  $349,000

Sold
Selling Price Range  Quantity      Average DOM  
$120,000 thru $139,999 1 102  
$140,000 thru $159,999 5 78  
$160,000 thru $179,999 7 135  
$180,000 thru $199,999 10 153  
$200,000 thru $249,999 32 131  
$250,000 thru $299,999 50 148  
$300,000 thru $349,999 40 145  
$350,000 thru $399,999 26 182  
$400,000 thru $449,999 17 156  
$450,000 thru $499,999 16 177  
$500,000 thru $549,999 11 304  
$550,000 thru $599,999 9 186  
$600,000 thru $649,999 7 220  
$650,000 thru $699,999 2 105  
$700,000 thru $749,999 4 131  
$750,000 thru $799,999 4 125  
$800,000 thru $849,999 5 213  
$850,000 thru $899,999 1 425  
$900,000 thru $949,999 5 235  
$1,000,000 thru $1,249,999 1 213  
$1,250,000 thru $1,499,999 1 229  
$1,500,000 thru $1,749,999 1 14  
$2,750,000 thru $2,999,999 1 130  
  256 163  
 
Summary Price Information
Minimum  $135,000 Maximum  $2,850,000
Average  $394,597 Median  $318,000
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  

Delinquencies Continue To Climb

September 3, 2009

Title: Delinquencies Continue to Climb, Foreclosures Flat in Latest MBA National Delinquency Survey
Source: MBA
Date: 8/20/2009
Contacts:

Name: Phone: Email:
 Carolyn Kemp (202) 557-2727 ckemp@mortgagebankers.org
WASHINGTON, D.C. (August 20, 2009) — The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter.Top Line Results

The delinquency rate breaks the record set last quarter.  The records are based on MBA data dating back to 1972.

The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure.  The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago. The combined percentage of loans in foreclosure and at least one payment past due was 13.16 percent on a non-seasonally adjusted basis, the highest ever recorded in the MBA delinquency survey.

The percentage of loans on which foreclosure actions were started during the second quarter was 1.36 percent, down one basis point from last quarter and up 28 basis points from one year ago.

The percentages of loans 90 days or more past due and loans in foreclosure both set new record highs, breaking records set last quarter.  The percentage of loans 30 days past due is still well below the record set in the second quarter of 1985. 

Increases Driven by Prime Fixed-Rate Loans

“While the rate of new foreclosures started was essentially unchanged from last quarter’s record high, there was a major drop in foreclosures on subprime ARM loans.  The drop, however, was offset by increases in the foreclosure rates on the other types of loans, with prime fixed-rate loans having the biggest increase. As a sign that mortgage performance is once again being driven by unemployment, prime fixed-rate loans now account for one in three foreclosure starts.  A year ago they accounted for one in five.  While 41 states had increases in the foreclosure start rate for prime fixed-rate loans, 43 states had decreases in that rate for subprime adjustable-rate loans,” said Jay Brinkmann, MBA’s Chief Economist.

“The states of California, Florida, Arizona and Nevada continue to have a disproportionately high share of foreclosure starts, although the share has fallen slightly from last quarter.  Those four states had 44 percent of all of the nation’s new foreclosures during the second quarter of this year, down from 46 percent in the first quarter.

“Florida continues to establish itself as the worst state in the union for mortgage performance, closely followed only by Nevada.  In Florida 12 percent of mortgages were somewhere in the process of foreclosure, the highest in the nation, and another 5 percent were at least 90 days past due as of the end of June.  A total of 22.8 percent were delinquent at least one payment or in the process of foreclosure, which is almost twice the national percentage if the Florida numbers are excluded.  In contrast, the next highest states are Nevada at 21.3 percent, Arizona at 16.3 percent and Michigan at 15.8 percent.

“We also saw a major jump in FHA foreclosures.  The percentage of loans with foreclosures started, the percentage of loans in foreclosure and the percentage of loans 90 days or more past due are all records for FHA.  While the foreclosure starts rate for FHA loans at 1.15 percent is lower than all other loan types with the exception of prime fixed-rate loans, the FHA percentages have remained low due to a large increase in the number of loans outstanding, the so-called “denominator effect”.  If the number of FHA loans had stayed the same as a year ago and we saw the same number of foreclosures, the FHA foreclosure rate would be almost 1.5 percent.

“As for the outlook, it is unlikely we will see meaningful reductions in the foreclosure and delinquency rates until the employment situation improves.  In addition, in some areas where a number of borrowers have mortgages that are larger than the current value of their homes, any life events such a divorce or loss of a job are likely to translate into foreclosures until prices in those areas recover, not just flatten.

“Finally, while the various loan modification programs continue to have an impact on holding foreclosure rates below where they otherwise would be, the issue is that many of the foreclosures involve homes that are vacant, borrowers who no longer have jobs, or loans where there was fraud involved.  Therefore, in measuring the effectiveness of industry or government loan modification programs it is necessary to compare the results not with the total foreclosure and delinquency numbers reported here but with the smaller subset of borrowers who can and want to qualify,” Brinkmann said.

Change from last quarter (first quarter of 2009)

The seasonally adjusted delinquency rate increased 35 basis points for prime loans (from 6.06 percent to 6.41 percent), 40 basis points for subprime loans (from 24.95 percent to 25.35 percent), and 58 basis points for FHA loans (from 13.84 percent to 14.42 percent), but decreased 15 basis points for VA loans (from 8.21 percent to 8.06 percent).

The percentage of loans in the foreclosure process increased 51 basis points for prime loans (from 2.49 percent to 3.00 percent), and increased 71 basis points for subprime loans (from 14.34 percent to 15.05 percent). FHA loans saw a 22 basis point increase in the foreclosure inventory rate (from 2.76 percent to 2.98 percent), while the foreclosure inventory rate for VA loans increased 14 basis points (from 1.93 percent to 2.07 percent).

The non-seasonally adjusted foreclosure starts rate increased seven basis points for prime loans (from 0.94 percent to 1.01 percent) and increased five basis points for FHA loans (from 1.10 percent to 1.15 percent). This rate decreased 52 basis points for subprime loans (from 4.65 percent to 4.13 percent) and decreased four basis points for VA loans (from 0.72 percent to 0.68 percent).

The seriously delinquent rate, the non-seasonally adjusted percentage of loans that are 90 days or more delinquent, or in the process of foreclosure, was up from both last quarter and from last year. This measure is designed to account for inter-company differences on when a loan enters the foreclosure process.

Compared with last quarter, the non-seasonally adjusted seriously delinquent rate increased for all loan types. The rate increased 74 basis points for prime loans (from 4.70 percent to 5.44 percent), 164 basis points for subprime loans (from 24.88 percent to 26.52 percent), 41 basis points for FHA loans (from 7.37 percent to 7.78 percent), and 27 basis points for VA loans (from 4.42 percent to 4.69 percent).

Change from last year (second quarter of 2008)

On a year-over-year basis, the seasonally adjusted delinquency rate increased for all loan types. The increase was 248 basis points for prime loans, 668 basis points for subprime loans, 179 basis points for FHA loans, and 124 basis points for VA loans.

Compared with the second quarter of 2008, the percentage of loans in the process of foreclosure increased 158 basis points for prime loans and 324 basis points for subprime loans. The rate increased 74 basis points for FHA loans and 74 basis points for VA loans.

The non-seasonally adjusted foreclosure starts rate increased 40 basis points for prime loans, 20 basis points for FHA loans, and 11 basis points for VA loans. The starts rate decreased 13 basis points for subprime loans.

The seriously delinquent rate was 309 basis points higher for prime loans and 867 basis points higher for subprime loans. The rate also increased 235 basis points for FHA loans and 169 basis points for VA loans.

If you are a member of the media and would like a copy of the survey, please contact Carolyn Kemp at ckemp@mortgagebankers.org or John Mechem at jmechem@mortgagebankers.org. If you are not a member of the media and would like to purchase the survey, please call (800) 348-8653.

###

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site:  www.mortgagebankers.org.
$1,000,000 thru $1,249,999 11 249  
$1,250,000 thru $1,499,999 17 248  
$1,500,000 thru $1,749,999 6 189  
$1,750,000 thru $1,999,999 7 320  
$2,000,000 thru $2,249,999 2 408  
$2,250,000 thru $2,499,999 7 192  
$2,750,000 thru $2,999,999 1 62  
$3,000,000 thru $3,249,999 1 356  
$3,250,000 thru $3,499,999 2 317  
$4,250,000 thru $4,499,999 1 400  
$4,500,000 thru $4,749,999 1 258  
$5,000,000 thru $5,999,999 1 1148  
  445 170  
 
Summary Price Information
Minimum  $117,900 Maximum  $5,950,000
Average  $668,974 Median  $495,000
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 09/02/09 at 3:18pm

Pending
Listing Price Range  Quantity      Average DOM  
$140,000 thru $159,999 2 82  
$180,000 thru $199,999 5 181  
$200,000 thru $249,999 12 66  
$250,000 thru $299,999 25 137  
$300,000 thru $349,999 12 159  
$350,000 thru $399,999 7 216  
$400,000 thru $449,999 6 225  
$450,000 thru $499,999 6 96  
$500,000 thru $549,999 7 168  
$550,000 thru $599,999 8 170  
$600,000 thru $649,999 3 267  
$650,000 thru $699,999 6 175  
$700,000 thru $749,999 4 469  
$750,000 thru $799,999 1 110  
$950,000 thru $999,999 3 438  
$1,250,000 thru $1,499,999 2 266  
  109 173  
 
Summary Price Information
Minimum  $140,000 Maximum  $1,349,000
Average  $428,647 Median  $349,000

Sold
Selling Price Range  Quantity      Average DOM  
$120,000 thru $139,999 1 102  
$140,000 thru $159,999 5 78  
$160,000 thru $179,999 7 135  
$180,000 thru $199,999 10 153  
$200,000 thru $249,999 32 131  
$250,000 thru $299,999 46 148  
$300,000 thru $349,999 38 140  
$350,000 thru $399,999 26 182  
$400,000 thru $449,999 16 157  
$450,000 thru $499,999 16 177  
$500,000 thru $549,999 11 304  
$550,000 thru $599,999 8 201  
$600,000 thru $649,999 7 220  
$650,000 thru $699,999 2 105  
$700,000 thru $749,999 4 131  
$750,000 thru $799,999 4 125  
$800,000 thru $849,999 5 213  
$850,000 thru $899,999 1 425  
$900,000 thru $949,999 4 261  
$1,000,000 thru $1,249,999 1 213  
$1,250,000 thru $1,499,999 1 229  
$1,500,000 thru $1,749,999 1 14  
$2,750,000 thru $2,999,999 1 130  
  247 163  
 
Summary Price Information
Minimum  $135,000 Maximum  $2,850,000
Average  $394,253 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.

Filed Under Weekly Statistics for CA · Leave a Comment  

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