NV Weekly Market Report
May 5, 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.
After a 3 week gain in market activity, Nevada is cooling off for the second week in a row to a 1 point drop from last week in the Market Activity Ratio. The Active Listings has increased by 5 and the Pending sales has dropped by 1 for a Market Activity Ratio of 9%. The Sales YTD remained unchanged this week for a total of 26. The Average Sale Price is $1,013,820 and the Median Sale Price is $531,000. The Nevada market needs more REO’s and Short Sales to generate more sales or more price reductions. The buyers are still in waiting.
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $230,000 - $234,999 | 1 | $232,155 | $232,155 | $232,155 | 12 | |||
| $315,000 - $319,999 | 1 | $319,000 | $319,000 | $319,000 | 67 | |||
| $350,000 - $354,999 | 1 | $350,000 | $350,000 | $350,000 | 223 | |||
| $395,000 - $399,999 | 3 | $1,195,400 | $398,467 | $399,000 | 42 | |||
| $405,000 - $409,999 | 1 | $405,000 | $405,000 | $405,000 | 226 | |||
| $415,000 - $419,999 | 1 | $415,000 | $415,000 | $415,000 | 190 | |||
| $425,000 - $429,999 | 2 | $850,000 | $425,000 | $425,000 | 77 | |||
| $525,000 - $529,999 | 1 | $529,000 | $529,000 | $529,000 | 219 | |||
| $535,000 - $539,999 | 1 | $535,000 | $535,000 | $535,000 | 157 | |||
| $565,000 - $569,999 | 1 | $569,000 | $569,000 | $569,000 | 231 | |||
| $575,000 - $579,999 | 1 | $575,000 | $575,000 | $575,000 | 54 | |||
| $585,000 - $589,999 | 2 | $1,174,000 | $587,000 | $587,000 | 479 | |||
| $595,000 - $599,999 | 4 | $2,396,500 | $599,125 | $599,000 | 155 | |||
| $625,000 - $629,999 | 1 | $625,000 | $625,000 | $625,000 | 108 | |||
| $635,000 - $639,999 | 1 | $639,000 | $639,000 | $639,000 | 201 | |||
| $645,000 - $649,999 | 1 | $645,000 | $645,000 | $645,000 | 394 | |||
| $655,000 - $659,999 | 1 | $659,000 | $659,000 | $659,000 | 215 | |||
| $675,000 - $679,999 | 1 | $679,000 | $679,000 | $679,000 | 96 | |||
| $685,000 - $689,999 | 1 | $689,500 | $689,500 | $689,500 | 278 | |||
| $695,000 - $699,999 | 1 | $699,000 | $699,000 | $699,000 | 42 | |||
| $745,000 - $749,999 | 2 | $1,494,900 | $747,450 | $747,450 | 491 | |||
| $750,000 - $754,999 | 2 | $1,500,000 | $750,000 | $750,000 | 301 | |||
| $775,000 - $779,999 | 1 | $775,000 | $775,000 | $775,000 | 41 | |||
| $795,000 - $799,999 | 1 | $795,000 | $795,000 | $795,000 | 270 | |||
| $845,000 - $849,999 | 2 | $1,694,999 | $847,500 | $847,500 | 160 | |||
| $895,000 - $899,999 | 3 | $2,689,000 | $896,333 | $895,000 | 193 | |||
| $925,000 - $929,999 | 1 | $925,000 | $925,000 | $925,000 | 210 | |||
| $960,000 - $964,999 | 1 | $960,000 | $960,000 | $960,000 | 595 | |||
| $965,000 - $969,999 | 1 | $965,000 | $965,000 | $965,000 | 20 | |||
| $975,000 - $979,999 | 1 | $975,000 | $975,000 | $975,000 | 313 | |||
| $995,000 - $999,999 | 3 | $2,985,000 | $995,000 | $995,000 | 367 | |||
| $1,085,000 - $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 234 | |||
| $1,095,000 - $1,099,999 | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 827 | |||
| $1,150,000 - $1,154,999 | 1 | $1,150,000 | $1,150,000 | $1,150,000 | 18 | |||
| $1,195,000 - $1,199,999 | 2 | $2,394,000 | $1,197,000 | $1,197,000 | 491 | |||
| $1,200,000 - $1,204,999 | 2 | $2,400,000 | $1,200,000 | $1,200,000 | 449 | |||
| $1,245,000 - $1,249,999 | 1 | $1,249,000 | $1,249,000 | $1,249,000 | 324 | |||
| $1,250,000 - $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 353 | |||
| $1,295,000 - $1,299,999 | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 643 | |||
| $1,300,000 - $1,304,999 | 2 | $2,600,000 | $1,300,000 | $1,300,000 | 264 | |||
| $1,350,000 - $1,354,999 | 1 | $1,350,000 | $1,350,000 | $1,350,000 | 42 | |||
| $1,365,000 - $1,369,999 | 1 | $1,365,000 | $1,365,000 | $1,365,000 | 296 | |||
| $1,375,000 - $1,379,999 | 1 | $1,375,000 | $1,375,000 | $1,375,000 | 239 | |||
| $1,385,000 - $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 628 | |||
| $1,395,000 - $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 491 | |||
| $1,445,000 - $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 174 | |||
| $1,495,000 - $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 587 | |||
| $1,500,000 - $1,504,999 | 2 | $3,000,000 | $1,500,000 | $1,500,000 | 455 | |||
| $1,600,000 - $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 172 | |||
| $1,695,000 - $1,699,999 | 2 | $3,390,000 | $1,695,000 | $1,695,000 | 109 | |||
| $1,750,000 - $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 138 | |||
| $1,790,000 - $1,794,999 | 1 | $1,790,000 | $1,790,000 | $1,790,000 | 265 | |||
| $1,795,000 - $1,799,999 | 1 | $1,795,000 | $1,795,000 | $1,795,000 | 340 | |||
| $1,950,000 - $1,954,999 | 1 | $1,950,000 | $1,950,000 | $1,950,000 | 112 | |||
| $1,975,000 - $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 279 | |||
| $2,095,000 - $2,099,999 | 1 | $2,095,000 | $2,095,000 | $2,095,000 | 379 | |||
| $2,100,000 - $2,104,999 | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 686 | |||
| $2,190,000 - $2,194,999 | 1 | $2,190,000 | $2,190,000 | $2,190,000 | 300 | |||
| $2,245,000 - $2,249,999 | 1 | $2,249,000 | $2,249,000 | $2,249,000 | 15 | |||
| $2,275,000 - $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 524 | |||
| $2,295,000 - $2,299,999 | 2 | $4,590,000 | $2,295,000 | $2,295,000 | 310 | |||
| $2,400,000 - $2,404,999 | 1 | $2,400,000 | $2,400,000 | $2,400,000 | 1293 | |||
| $2,455,000 - $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 310 | |||
| $2,495,000 - $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 777 | |||
| $2,550,000 - $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 780 | |||
| $2,595,000 - $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 493 | |||
| $2,640,000 - $2,644,999 | 1 | $2,640,000 | $2,640,000 | $2,640,000 | 372 | |||
| $2,750,000 - $2,754,999 | 1 | $2,750,000 | $2,750,000 | $2,750,000 | 576 | |||
| $2,795,000 - $2,799,999 | 1 | $2,795,000 | $2,795,000 | $2,795,000 | 7 | |||
| $2,995,000 - $2,999,999 | 1 | $2,999,000 | $2,999,000 | $2,999,000 | 119 | |||
| $3,400,000 - $3,404,999 | 1 | $3,400,000 | $3,400,000 | $3,400,000 | 633 | |||
| $3,490,000 - $3,494,999 | 1 | $3,490,000 | $3,490,000 | $3,490,000 | 52 | |||
| $3,500,000 - $3,504,999 | 1 | $3,500,000 | $3,500,000 | $3,500,000 | 276 | |||
| $3,800,000 - $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 596 | |||
| $3,900,000 - $3,904,999 | 1 | $3,900,000 | $3,900,000 | $3,900,000 | 380 | |||
| $3,950,000 - $3,954,999 | 1 | $3,950,000 | $3,950,000 | $3,950,000 | 80 | |||
| $3,990,000 - $3,994,999 | 1 | $3,990,000 | $3,990,000 | $3,990,000 | 906 | |||
| $3,995,000 - $3,999,999 | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 44 | |||
| $4,495,000 - $4,499,999 | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 307 | |||
| $4,600,000 - $4,604,999 | 1 | $4,600,000 | $4,600,000 | $4,600,000 | 351 | |||
| $4,750,000 - $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 169 | |||
| $4,950,000 - $4,954,999 | 4 | $19,800,000 | $4,950,000 | $4,950,000 | 567 | |||
| $4,995,000 - $4,999,999 | 2 | $9,990,000 | $4,995,000 | $4,995,000 | 390 | |||
| $5,300,000 - $5,304,999 | 1 | $5,300,000 | $5,300,000 | $5,300,000 | 50 | |||
| $5,400,000 - $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 378 | |||
| $5,500,000 - $5,504,999 | 1 | $5,500,000 | $5,500,000 | $5,500,000 | 72 | |||
| $5,695,000 - $5,699,999 | 1 | $5,695,000 | $5,695,000 | $5,695,000 | 380 | |||
| $5,900,000 - $5,904,999 | 1 | $5,900,000 | $5,900,000 | $5,900,000 | 167 | |||
| $5,950,000 - $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 251 | |||
| $6,495,000 - $6,499,999 | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 670 | |||
| $7,750,000 - $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 175 | |||
| $9,495,000 - $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 688 | |||
| $9,750,000 - $9,754,999 | 1 | $9,750,000 | $9,750,000 | $9,750,000 | 75 | |||
| $10,750,000 - $10,754,999 | 1 | $10,750,000 | $10,750,000 | $10,750,000 | 632 | |||
| $19,250,000 - $19,254,999 | 1 | $19,250,000 | $19,250,000 | $19,250,000 | 190 | |||
| $100,000,000 - $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 957 | |||
| Sub Total | 120 | $381,605,454 | $3,180,045 | $1,380,000 | 317 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,100,000 - $1,104,999 | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 10 | |||
| $2,900,000 - $2,904,999 | 1 | $2,900,000 | $2,900,000 | $2,900,000 | 11 | |||
| Sub Total | 2 | $4,000,000 | $2,000,000 | $2,000,000 | 11 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $425,000 - $429,999 | 1 | $425,000 | $425,000 | $425,000 | 367 | |||
| $985,000 - $989,999 | 1 | $989,000 | $989,000 | $989,000 | 461 | |||
| $2,345,000 - $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 358 | |||
| $3,495,000 - $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 343 | |||
| $3,995,000 - $3,999,999 | 1 | $3,999,999 | $3,999,999 | $3,999,999 | 301 | |||
| Sub Total | 5 | $11,253,999 | $2,250,800 | $2,345,000 | 366 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $275,000 - $279,999 | 1 | $279,900 | $279,900 | $279,900 | 34 | |||
| $375,000 - $379,999 | 1 | $379,900 | $379,900 | $379,900 | 206 | |||
| $420,000 - $424,999 | 1 | $424,900 | $424,900 | $424,900 | 168 | |||
| $595,000 - $599,999 | 1 | $595,000 | $595,000 | $595,000 | 70 | |||
| Sub Total | 4 | $1,679,700 | $419,925 | $402,400 | 120 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $595,000 - $599,999 | 1 | $599,000 | $599,000 | $599,000 | 77 | |||
| $795,000 - $799,999 | 1 | $795,000 | $795,000 | $795,000 | 97 | |||
| Sub Total | 2 | $1,394,000 | $697,000 | $697,000 | 87 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $295,000 - $299,999 | 1 | $297,450 | $297,450 | $297,450 | 70 | |||
| $360,000 - $364,999 | 1 | $360,000 | $360,000 | $360,000 | 84 | |||
| $555,000 - $559,999 | 1 | $555,000 | $555,000 | $555,000 | 389 | |||
| Sub Total | 3 | $1,212,450 | $404,150 | $360,000 | 181 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $500,000 - $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 203 | |||
| $550,000 - $554,999 | 1 | $550,000 | $550,000 | $550,000 | 189 | |||
| $650,000 - $654,999 | 1 | $650,000 | $650,000 | $650,000 | 707 | |||
| $840,000 - $844,999 | 1 | $840,000 | $840,000 | $840,000 | 57 | |||
| $1,995,000 - $1,999,999 | 1 | $1,995,000 | $1,995,000 | $1,995,000 | 568 | |||
| Sub Total | 6 | $5,035,000 | $839,167 | $600,000 | 321 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $180,000 - $184,999 | 1 | $181,900 | $181,900 | $181,900 | 34 | |||
| $280,000 - $284,999 | 1 | $280,000 | $280,000 | $280,000 | 224 | |||
| $325,000 - $329,999 | 1 | $327,500 | $327,500 | $327,500 | 119 | |||
| $335,000 - $339,999 | 1 | $335,000 | $335,000 | $335,000 | 420 | |||
| $355,000 - $359,999 | 1 | $359,910 | $359,910 | $359,910 | 197 | |||
| $375,000 - $379,999 | 1 | $375,000 | $375,000 | $375,000 | 55 | |||
| $395,000 - $399,999 | 1 | $399,000 | $399,000 | $399,000 | 41 | |||
| $450,000 - $454,999 | 2 | $900,000 | $450,000 | $450,000 | 60 | |||
| $500,000 - $504,999 | 1 | $500,000 | $500,000 | $500,000 | 49 | |||
| $510,000 - $514,999 | 1 | $510,000 | $510,000 | $510,000 | 557 | |||
| $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 | 161 | |||
| $545,000 - $549,999 | 1 | $545,000 | $545,000 | $545,000 | 20 | |||
| $600,000 - $604,999 | 1 | $603,000 | $603,000 | $603,000 | 98 | |||
| $625,000 - $629,999 | 1 | $629,000 | $629,000 | $629,000 | 83 | |||
| $630,000 - $634,999 | 1 | $630,000 | $630,000 | $630,000 | 349 | |||
| $705,000 - $709,999 | 1 | $705,999 | $705,999 | $705,999 | 203 | |||
| $770,000 - $774,999 | 1 | $770,000 | $770,000 | $770,000 | 97 | |||
| $780,000 - $784,999 | 1 | $781,000 | $781,000 | $781,000 | 102 | |||
| $1,100,000 - $1,104,999 | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 53 | |||
| $1,625,000 - $1,629,999 | 1 | $1,625,000 | $1,625,000 | $1,625,000 | 270 | |||
| $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 | |||
| $4,800,000 - $4,804,999 | 1 | $4,800,000 | $4,800,000 | $4,800,000 | 267 | |||
| Sub Total | 26 | $26,359,309 | $1,013,820 | $531,000 | 177 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $405,000 - $409,999 | 1 | $408,500 | $408,500 | $408,500 | 105 | |||
| $745,000 - $749,999 | 1 | $749,000 | $749,000 | $749,000 | 106 | |||
| Sub Total | 2 | $1,157,500 | $578,750 | $578,750 | 106 | |||
| Grand Totals | 170 | $433,697,412 | $2,551,161 | $1,091,500 | 281 | |||
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