Nevada East Shore Weekly Real Estate Market Update

September 18, 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 which is the relationship between Active listings and Pending sales, has increased this past week from 12.9% to 15.1%.  This is the result of Active Listings decreasing by 4 and the Pending sales increasing by 3.  The number of completed transactions or sales is up by 1 for a YTD total of 61 with a Median Sales Price of $520,000, Average Sales Price of $838,176 and Average Days on Market is 181.  The Median Sales Price is up by .6% and the Average Sales Price is down by .2% for the past week.  The one sale was a bank owned at Cave Rock for $799,000.

 

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 35
      $335,000 - $339,999 1 $335,000 $335,000 $335,000 66
      $375,000 - $379,999 1 $379,900 $379,900 $379,900 332
      $395,000 - $399,999 2 $794,000 $397,000 $397,000 89
      $400,000 - $404,999 1 $400,000 $400,000 $400,000 64
      $425,000 - $429,999 1 $429,000 $429,000 $429,000 50
      $435,000 - $439,999 1 $439,000 $439,000 $439,000 8
      $495,000 - $499,999 2 $998,500 $499,250 $499,250 55
      $510,000 - $514,999 1 $510,000 $510,000 $510,000 83
      $520,000 - $524,999 1 $520,000 $520,000 $520,000 14
      $525,000 - $529,999 1 $525,000 $525,000 $525,000 396
      $535,000 - $539,999 1 $539,000 $539,000 $539,000 196
      $545,000 - $549,999 2 $1,098,000 $549,000 $549,000 202
      $555,000 - $559,999 1 $557,000 $557,000 $557,000 243
      $570,000 - $574,999 2 $1,147,500 $573,750 $573,750 149
      $590,000 - $594,999 1 $594,000 $594,000 $594,000 126
      $595,000 - $599,999 2 $1,196,777 $598,389 $598,389 130
      $625,000 - $629,999 1 $625,000 $625,000 $625,000 25
      $635,000 - $639,999 1 $639,000 $639,000 $639,000 86
      $645,000 - $649,999 1 $645,000 $645,000 $645,000 529
      $685,000 - $689,999 1 $689,500 $689,500 $689,500 405
      $690,000 - $694,999 1 $694,700 $694,700 $694,700 22
      $725,000 - $729,999 2 $1,458,000 $729,000 $729,000 398
      $745,000 - $749,999 2 $1,494,900 $747,450 $747,450 626
      $750,000 - $754,999 2 $1,500,000 $750,000 $750,000 629
      $765,000 - $769,999 1 $769,950 $769,950 $769,950 385
      $775,000 - $779,999 2 $1,550,000 $775,000 $775,000 184
      $795,000 - $799,999 3 $2,397,000 $799,000 $799,000 309
      $800,000 - $804,999 1 $800,000 $800,000 $800,000 66
      $825,000 - $829,999 1 $825,000 $825,000 $825,000 122
      $840,000 - $844,999 1 $840,000 $840,000 $840,000 63
      $850,000 - $854,999 1 $850,000 $850,000 $850,000 39
      $895,000 - $899,999 3 $2,689,500 $896,500 $895,500 339
      $975,000 - $979,999 1 $979,000 $979,000 $979,000 35
      $1,060,000 - $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 75
      $1,095,000 - $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 731
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 145
      $1,150,000 - $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 318
      $1,190,000 - $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 153
      $1,195,000 - $1,199,999 3 $3,589,000 $1,196,333 $1,195,000 437
      $1,200,000 - $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 670
      $1,250,000 - $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 478
      $1,275,000 - $1,279,999 2 $2,550,000 $1,275,000 $1,275,000 251
      $1,300,000 - $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 224
      $1,350,000 - $1,354,999 2 $2,700,000 $1,350,000 $1,350,000 66
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 370
      $1,390,000 - $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 282
      $1,395,000 - $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 618
      $1,400,000 - $1,404,999 2 $2,800,000 $1,400,000 $1,400,000 194
      $1,445,000 - $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 63
      $1,495,000 - $1,499,999 1 $1,499,000 $1,499,000 $1,499,000 30
      $1,500,000 - $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 905
      $1,585,000 - $1,589,999 1 $1,585,000 $1,585,000 $1,585,000 63
      $1,685,000 - $1,689,999 1 $1,685,000 $1,685,000 $1,685,000 106
      $1,695,000 - $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 244
      $1,750,000 - $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 273
      $1,775,000 - $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 475
      $1,785,000 - $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 108
      $1,850,000 - $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 236
      $1,890,000 - $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 39
      $1,950,000 - $1,954,999 3 $5,850,000 $1,950,000 $1,950,000 215
      $1,975,000 - $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 659
      $1,995,000 - $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 332
      $2,095,000 - $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 514
      $2,100,000 - $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 821
      $2,190,000 - $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 429
      $2,245,000 - $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 78
      $2,295,000 - $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 396
      $2,300,000 - $2,304,999 2 $4,600,000 $2,300,000 $2,300,000 312
      $2,400,000 - $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1106
      $2,445,000 - $2,449,999 1 $2,449,000 $2,449,000 $2,449,000 429
      $2,495,000 - $2,499,999 2 $4,994,000 $2,497,000 $2,497,000 812
      $2,550,000 - $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 114
      $2,595,000 - $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 430
      $2,795,000 - $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 142
      $2,900,000 - $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 146
      $2,925,000 - $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 82
      $3,300,000 - $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 39
      $3,495,000 - $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 478
      $3,950,000 - $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 215
      $3,995,000 - $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 271
      $4,600,000 - $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 461
      $4,680,000 - $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 133
      $4,695,000 - $4,699,999 1 $4,695,000 $4,695,000 $4,695,000 208
      Sub Total 114 $168,101,127 $1,474,571 $1,200,000 285
New                
  RESIDENTIAL              
    Residential            
      $635,000 - $639,999 1 $635,000 $635,000 $635,000 3
      $1,350,000 - $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 2
      Sub Total 2 $1,985,000 $992,500 $992,500 3
Price Reduced                
  RESIDENTIAL              
    Residential            
      $425,000 - $429,999 1 $425,997 $425,997 $425,997 75
      $1,295,000 - $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 47
      Sub Total 2 $1,720,997 $860,499 $860,499 61
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $355,000 - $359,999 1 $355,000 $355,000 $355,000 171
      $675,000 - $679,999 1 $675,000 $675,000 $675,000 413
      $1,470,000 - $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 52
      $2,625,000 - $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 248
      $3,995,000 - $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 179
      Sub Total 5 $9,120,000 $1,824,000 $1,470,000 213
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $300,000 - $304,999 1 $304,000 $304,000 $304,000 72
      $355,000 - $359,999 1 $356,400 $356,400 $356,400 60
      $540,000 - $544,999 1 $540,000 $540,000 $540,000 60
      $550,000 - $554,999 1 $550,000 $550,000 $550,000 58
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 85
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 411
      Sub Total 6 $6,350,400 $1,058,400 $545,000 124
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $275,000 - $279,999 1 $279,000 $279,000 $279,000 202
      $480,000 - $484,999 1 $484,000 $484,000 $484,000 286
      $495,000 - $499,999 1 $495,000 $495,000 $495,000 324
      $555,000 - $559,999 1 $559,000 $559,000 $559,000 644
      $650,000 - $654,999 1 $650,000 $650,000 $650,000 426
      $765,000 - $769,999 1 $765,000 $765,000 $765,000 241
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 98
      Sub Total 7 $6,732,000 $961,714 $559,000 317
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
      $720,000 - $724,999 1 $722,000 $722,000 $722,000 76
      $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 61 $51,128,730 $838,176 $520,000 181
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $335,000 - $339,999 1 $339,900 $339,900 $339,900 30
      $710,000 - $714,999 1 $711,550 $711,550 $711,550 52
      $895,000 - $899,999 1 $895,000 $895,000 $895,000 156
      Sub Total 3 $1,946,450 $648,817 $711,550 79
                 
Grand Totals 200 $247,084,704 $1,235,424 $790,000 240

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