Market Update As Of January 3rd, 2009
January 3, 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.
Active Listing inventory rose by three for a total of 145 single family homes on the market. The pending sales has dropped by two for a ratio of Active to Pending at 3.9%. This is lower than last week of 5.3%, which indicates a lack of new pending sales. There are no sales to report for the year 2009.
| 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 | 126 | |||
| $325,000 – $329,999 | 1 | $329,900 | $329,900 | $329,900 | 67 | |||
| $330,000 – $334,999 | 1 | $332,500 | $332,500 | $332,500 | 26 | |||
| $395,000 – $399,999 | 1 | $399,000 | $399,000 | $399,000 | 83 | |||
| $405,000 – $409,999 | 1 | $405,000 | $405,000 | $405,000 | 107 | |||
| $425,000 – $429,999 | 1 | $429,000 | $429,000 | $429,000 | 103 | |||
| $445,000 – $449,999 | 1 | $449,000 | $449,000 | $449,000 | 64 | |||
| $450,000 – $454,999 | 1 | $450,000 | $450,000 | $450,000 | 67 | |||
| $465,000 – $469,999 | 1 | $465,000 | $465,000 | $465,000 | 675 | |||
| $475,000 – $479,999 | 3 | $1,433,000 | $477,667 | $479,000 | 378 | |||
| $495,000 – $499,999 | 1 | $495,000 | $495,000 | $495,000 | 561 | |||
| $500,000 – $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 80 | |||
| $545,000 – $549,999 | 2 | $1,099,800 | $549,900 | $549,900 | 51 | |||
| $550,000 – $554,999 | 1 | $550,000 | $550,000 | $550,000 | 244 | |||
| $555,000 – $559,999 | 1 | $555,000 | $555,000 | $555,000 | 266 | |||
| $570,000 – $574,999 | 1 | $574,900 | $574,900 | $574,900 | 45 | |||
| $585,000 – $589,999 | 4 | $2,348,000 | $587,000 | $587,000 | 128 | |||
| $595,000 – $599,999 | 3 | $1,789,000 | $596,333 | $595,000 | 218 | |||
| $635,000 – $639,999 | 2 | $1,278,000 | $639,000 | $639,000 | 161 | |||
| $645,000 – $649,999 | 1 | $645,000 | $645,000 | $645,000 | 271 | |||
| $685,000 – $689,999 | 1 | $689,500 | $689,500 | $689,500 | 155 | |||
| $695,000 – $699,999 | 4 | $2,792,000 | $698,000 | $699,000 | 368 | |||
| $715,000 – $719,999 | 1 | $719,000 | $719,000 | $719,000 | 92 | |||
| $725,000 – $729,999 | 1 | $725,000 | $725,000 | $725,000 | 107 | |||
| $750,000 – $754,999 | 2 | $1,500,000 | $750,000 | $750,000 | 185 | |||
| $795,000 – $799,999 | 1 | $795,057 | $795,057 | $795,057 | 576 | |||
| $845,000 – $849,999 | 2 | $1,694,999 | $847,500 | $847,500 | 101 | |||
| $975,000 – $979,999 | 1 | $975,000 | $975,000 | $975,000 | 190 | |||
| $990,000 – $994,999 | 1 | $990,000 | $990,000 | $990,000 | 184 | |||
| $995,000 – $999,999 | 3 | $2,985,000 | $995,000 | $995,000 | 576 | |||
| $1,050,000 – $1,054,999 | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 87 | |||
| $1,085,000 – $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 111 | |||
| $1,090,000 – $1,094,999 | 2 | $2,180,000 | $1,090,000 | $1,090,000 | 368 | |||
| $1,095,000 – $1,099,999 | 4 | $4,384,000 | $1,096,000 | $1,095,000 | 346 | |||
| $1,145,000 – $1,149,999 | 1 | $1,145,000 | $1,145,000 | $1,145,000 | 138 | |||
| $1,195,000 – $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 473 | |||
| $1,200,000 – $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 523 | |||
| $1,245,000 – $1,249,999 | 2 | $2,498,000 | $1,249,000 | $1,249,000 | 232 | |||
| $1,250,000 – $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 230 | |||
| $1,295,000 – $1,299,999 | 2 | $2,590,000 | $1,295,000 | $1,295,000 | 307 | |||
| $1,385,000 – $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 505 | |||
| $1,395,000 – $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 173 | |||
| $1,445,000 – $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 51 | |||
| $1,490,000 – $1,494,999 | 1 | $1,492,000 | $1,492,000 | $1,492,000 | 116 | |||
| $1,495,000 – $1,499,999 | 2 | $2,994,000 | $1,497,000 | $1,497,000 | 390 | |||
| $1,595,000 – $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 249 | |||
| $1,600,000 – $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 49 | |||
| $1,650,000 – $1,654,999 | 1 | $1,650,000 | $1,650,000 | $1,650,000 | 278 | |||
| $1,750,000 – $1,754,999 | 2 | $3,500,000 | $1,750,000 | $1,750,000 | 92 | |||
| $1,785,000 – $1,789,999 | 1 | $1,785,000 | $1,785,000 | $1,785,000 | 184 | |||
| $1,795,000 – $1,799,999 | 4 | $7,180,000 | $1,795,000 | $1,795,000 | 302 | |||
| $1,900,000 – $1,904,999 | 1 | $1,900,000 | $1,900,000 | $1,900,000 | 16 | |||
| $1,975,000 – $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 156 | |||
| $1,995,000 – $1,999,999 | 4 | $7,980,000 | $1,995,000 | $1,995,000 | 250 | |||
| $2,100,000 – $2,104,999 | 2 | $4,200,000 | $2,100,000 | $2,100,000 | 562 | |||
| $2,195,000 – $2,199,999 | 1 | $2,195,000 | $2,195,000 | $2,195,000 | 358 | |||
| $2,275,000 – $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 401 | |||
| $2,295,000 – $2,299,999 | 2 | $4,590,000 | $2,295,000 | $2,295,000 | 215 | |||
| $2,300,000 – $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 204 | |||
| $2,345,000 – $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 235 | |||
| $2,450,000 – $2,454,999 | 2 | $4,900,000 | $2,450,000 | $2,450,000 | 145 | |||
| $2,455,000 – $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 187 | |||
| $2,550,000 – $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 657 | |||
| $2,580,000 – $2,584,999 | 1 | $2,580,000 | $2,580,000 | $2,580,000 | 177 | |||
| $2,700,000 – $2,704,999 | 1 | $2,700,000 | $2,700,000 | $2,700,000 | 124 | |||
| $2,750,000 – $2,754,999 | 2 | $5,500,000 | $2,750,000 | $2,750,000 | 351 | |||
| $2,795,000 – $2,799,999 | 2 | $5,593,000 | $2,796,500 | $2,796,500 | 479 | |||
| $2,995,000 – $2,999,999 | 1 | $2,995,000 | $2,995,000 | $2,995,000 | 1170 | |||
| $3,390,000 – $3,394,999 | 1 | $3,394,000 | $3,394,000 | $3,394,000 | 299 | |||
| $3,495,000 – $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 220 | |||
| $3,800,000 – $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 473 | |||
| $3,895,000 – $3,899,999 | 1 | $3,899,900 | $3,899,900 | $3,899,900 | 510 | |||
| $3,995,000 – $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 166 | |||
| $4,495,000 – $4,499,999 | 3 | $13,485,000 | $4,495,000 | $4,495,000 | 408 | |||
| $4,750,000 – $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 46 | |||
| $4,950,000 – $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 561 | |||
| $5,250,000 – $5,254,999 | 1 | $5,250,000 | $5,250,000 | $5,250,000 | 584 | |||
| $5,400,000 – $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 255 | |||
| $5,500,000 – $5,504,999 | 2 | $11,000,000 | $5,500,000 | $5,500,000 | 486 | |||
| $5,595,000 – $5,599,999 | 1 | $5,595,000 | $5,595,000 | $5,595,000 | 228 | |||
| $5,895,000 – $5,899,999 | 1 | $5,895,000 | $5,895,000 | $5,895,000 | 80 | |||
| $5,950,000 – $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 128 | |||
| $5,995,000 – $5,999,999 | 3 | $17,985,000 | $5,995,000 | $5,995,000 | 480 | |||
| $6,250,000 – $6,254,999 | 1 | $6,250,000 | $6,250,000 | $6,250,000 | 980 | |||
| $6,500,000 – $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 44 | |||
| $7,495,000 – $7,499,999 | 1 | $7,495,000 | $7,495,000 | $7,495,000 | 547 | |||
| $7,750,000 – $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 52 | |||
| $9,495,000 – $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 565 | |||
| $11,250,000 – $11,254,999 | 1 | $11,250,000 | $11,250,000 | $11,250,000 | 509 | |||
| $100,000,000 – $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 834 | |||
| Sub Total | 132 | $384,422,455 | $2,912,291 | $1,470,500 | 290 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $560,000 – $564,999 | 1 | $560,000 | $560,000 | $560,000 | 7 | |||
| Sub Total | 1 | $560,000 | $560,000 | $560,000 | 7 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $445,000 – $449,999 | 1 | $445,000 | $445,000 | $445,000 | 397 | |||
| $595,000 – $599,999 | 1 | $599,000 | $599,000 | $599,000 | 361 | |||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 174 | |||
| $2,595,000 – $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 370 | |||
| Sub Total | 4 | $4,388,000 | $1,097,000 | $674,000 | 326 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $685,000 – $689,999 | 1 | $689,000 | $689,000 | $689,000 | 127 | |||
| $700,000 – $704,999 | 1 | $700,000 | $700,000 | $700,000 | 246 | |||
| Sub Total | 2 | $1,389,000 | $694,500 | $694,500 | 187 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $625,000 – $629,999 | 1 | $629,900 | $629,900 | $629,900 | 93 | |||
| $4,995,000 – $4,999,999 | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 259 | |||
| Sub Total | 2 | $5,624,900 | $2,812,450 | $2,812,450 | 176 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 – $399,999 | 1 | $399,900 | $399,900 | $399,900 | 144 | |||
| $775,000 – $779,999 | 1 | $775,000 | $775,000 | $775,000 | 43 | |||
| $795,000 – $799,999 | 1 | $799,000 | $799,000 | $799,000 | 79 | |||
| Sub Total | 3 | $1,973,900 | $657,967 | $775,000 | 89 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,495,000 – $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 129 | |||
| Sub Total | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 129 | |||
| EXPIRED | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $750,000 – $754,999 | 1 | $750,000 | $750,000 | $750,000 | 150 | |||
| $2,495,000 – $2,499,999 | 2 | $4,990,000 | $2,495,000 | $2,495,000 | 123 | |||
| $4,950,000 – $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 265 | |||
| $5,995,000 – $5,999,999 | 1 | $5,995,000 | $5,995,000 | $5,995,000 | 154 | |||
| $32,500,000 – $32,504,999 | 1 | $32,500,000 | $32,500,000 | $32,500,000 | 73 | |||
| Sub Total | 6 | $49,185,000 | $8,197,500 | $3,722,500 | 148 | |||
| Grand Totals | 151 | $449,038,255 | $2,973,763 | $1,399,000 | 275 | |||
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