NV Weekly Market Report

May 11, 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 remains steady.  The Active Listings has dropped by one and the Pending Listings has remained the same with an unchanged Market Activity Ratio of 9%.  The closed transactions YTD is unchanged from last week with 26 Sales, Average Price of $1,013,820, Median Price of $531,000 and Days On Market (DOM) 177 days.  The buyers are a little shy in Nevada.

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 17
      $315,000 - $319,999 1 $319,000 $319,000 $319,000 72
      $350,000 - $354,999 1 $350,000 $350,000 $350,000 228
      $375,000 - $379,999 1 $379,900 $379,900 $379,900 211
      $395,000 - $399,999 3 $1,195,400 $398,467 $399,000 47
      $415,000 - $419,999 1 $415,000 $415,000 $415,000 195
      $420,000 - $424,999 1 $424,900 $424,900 $424,900 173
      $425,000 - $429,999 3 $1,275,000 $425,000 $425,000 178
      $525,000 - $529,999 1 $529,000 $529,000 $529,000 224
      $535,000 - $539,999 1 $535,000 $535,000 $535,000 162
      $575,000 - $579,999 1 $575,000 $575,000 $575,000 59
      $585,000 - $589,999 2 $1,174,000 $587,000 $587,000 484
      $595,000 - $599,999 4 $2,392,000 $598,000 $599,000 163
      $625,000 - $629,999 1 $625,000 $625,000 $625,000 113
      $635,000 - $639,999 1 $639,000 $639,000 $639,000 206
      $645,000 - $649,999 1 $645,000 $645,000 $645,000 399
      $655,000 - $659,999 1 $659,000 $659,000 $659,000 220
      $675,000 - $679,999 1 $679,000 $679,000 $679,000 101
      $685,000 - $689,999 1 $689,500 $689,500 $689,500 283
      $695,000 - $699,999 1 $699,000 $699,000 $699,000 47
      $745,000 - $749,999 2 $1,494,900 $747,450 $747,450 496
      $750,000 - $754,999 2 $1,500,000 $750,000 $750,000 306
      $775,000 - $779,999 1 $775,000 $775,000 $775,000 46
      $795,000 - $799,999 1 $795,000 $795,000 $795,000 275
      $845,000 - $849,999 2 $1,694,999 $847,500 $847,500 165
      $895,000 - $899,999 3 $2,689,000 $896,333 $895,000 198
      $925,000 - $929,999 1 $925,000 $925,000 $925,000 215
      $960,000 - $964,999 1 $960,000 $960,000 $960,000 600
      $965,000 - $969,999 1 $965,000 $965,000 $965,000 25
      $975,000 - $979,999 1 $975,000 $975,000 $975,000 318
      $985,000 - $989,999 1 $989,000 $989,000 $989,000 466
      $995,000 - $999,999 3 $2,985,000 $995,000 $995,000 372
      $1,085,000 - $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 239
      $1,095,000 - $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 832
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 15
      $1,150,000 - $1,154,999 1 $1,150,000 $1,150,000 $1,150,000 23
      $1,195,000 - $1,199,999 2 $2,394,000 $1,197,000 $1,197,000 496
      $1,200,000 - $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 454
      $1,245,000 - $1,249,999 1 $1,249,000 $1,249,000 $1,249,000 329
      $1,250,000 - $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 358
      $1,295,000 - $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 648
      $1,300,000 - $1,304,999 2 $2,600,000 $1,300,000 $1,300,000 269
      $1,350,000 - $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 47
      $1,365,000 - $1,369,999 1 $1,365,000 $1,365,000 $1,365,000 301
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 244
      $1,385,000 - $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 633
      $1,395,000 - $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 496
      $1,445,000 - $1,449,999 1 $1,449,000 $1,449,000 $1,449,000 179
      $1,495,000 - $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 592
      $1,500,000 - $1,504,999 2 $3,000,000 $1,500,000 $1,500,000 460
      $1,695,000 - $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 114
      $1,750,000 - $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 143
      $1,790,000 - $1,794,999 1 $1,790,000 $1,790,000 $1,790,000 270
      $1,795,000 - $1,799,999 1 $1,795,000 $1,795,000 $1,795,000 345
      $1,950,000 - $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 117
      $1,975,000 - $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 284
      $2,095,000 - $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 384
      $2,100,000 - $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 691
      $2,190,000 - $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 305
      $2,275,000 - $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 529
      $2,295,000 - $2,299,999 2 $4,590,000 $2,295,000 $2,295,000 315
      $2,345,000 - $2,349,999 1 $2,345,000 $2,345,000 $2,345,000 363
      $2,400,000 - $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1298
      $2,455,000 - $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 315
      $2,495,000 - $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 782
      $2,550,000 - $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 785
      $2,595,000 - $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 498
      $2,640,000 - $2,644,999 1 $2,640,000 $2,640,000 $2,640,000 377
      $2,795,000 - $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 12
      $2,900,000 - $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 16
      $2,995,000 - $2,999,999 1 $2,999,000 $2,999,000 $2,999,000 124
      $3,400,000 - $3,404,999 1 $3,400,000 $3,400,000 $3,400,000 638
      $3,490,000 - $3,494,999 1 $3,490,000 $3,490,000 $3,490,000 57
      $3,495,000 - $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 348
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 281
      $3,800,000 - $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 601
      $3,900,000 - $3,904,999 1 $3,900,000 $3,900,000 $3,900,000 385
      $3,950,000 - $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 85
      $3,990,000 - $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 911
      $3,995,000 - $3,999,999 2 $7,994,999 $3,997,500 $3,997,500 178
      $4,495,000 - $4,499,999 1 $4,495,000 $4,495,000 $4,495,000 312
      $4,600,000 - $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 356
      $4,750,000 - $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 174
      $4,950,000 - $4,954,999 4 $19,800,000 $4,950,000 $4,950,000 572
      $4,995,000 - $4,999,999 2 $9,990,000 $4,995,000 $4,995,000 395
      $5,300,000 - $5,304,999 1 $5,300,000 $5,300,000 $5,300,000 55
      $5,400,000 - $5,404,999 1 $5,400,000 $5,400,000 $5,400,000 383
      $5,500,000 - $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 77
      $5,695,000 - $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 385
      $5,900,000 - $5,904,999 1 $5,900,000 $5,900,000 $5,900,000 172
      $5,950,000 - $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 256
      $6,495,000 - $6,499,999 1 $6,495,000 $6,495,000 $6,495,000 675
      $7,750,000 - $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 180
      $10,750,000 - $10,754,999 1 $10,750,000 $10,750,000 $10,750,000 637
      $19,250,000 - $19,254,999 1 $19,250,000 $19,250,000 $19,250,000 195
      $100,000,000 - $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 962
      Sub Total 122 $370,841,753 $3,039,687 $1,357,500 319
New                
  RESIDENTIAL              
    Residential            
      $595,000 - $599,999 1 $599,900 $599,900 $599,900 4
      $1,950,000 - $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 4
      Sub Total 2 $2,549,900 $1,274,950 $1,274,950 4
Extended                
  RESIDENTIAL              
    Residential            
      $795,000 - $799,999 1 $795,057 $795,057 $795,057 704
      Sub Total 1 $795,057 $795,057 $795,057 704
Price Reduced                
  RESIDENTIAL              
    Residential            
      $555,000 - $559,999 1 $559,000 $559,000 $559,000 236
      $2,095,000 - $2,099,999 1 $2,099,000 $2,099,000 $2,099,000 20
      $2,595,000 - $2,599,999 1 $2,599,000 $2,599,000 $2,599,000 581
      Sub Total 3 $5,257,000 $1,752,333 $2,099,000 279
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $595,000 - $599,999 2 $1,198,500 $599,250 $599,250 71
      $795,000 - $799,999 1 $795,000 $795,000 $795,000 102
      Sub Total 3 $1,993,500 $664,500 $599,500 81
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $275,000 - $279,999 1 $279,900 $279,900 $279,900 39
      $295,000 - $299,999 1 $297,450 $297,450 $297,450 75
      $360,000 - $364,999 1 $360,000 $360,000 $360,000 89
      $555,000 - $559,999 1 $555,000 $555,000 $555,000 394
      Sub Total 4 $1,492,350 $373,088 $328,725 149
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $500,000 - $504,999 2 $1,000,000 $500,000 $500,000 208
      $550,000 - $554,999 1 $550,000 $550,000 $550,000 194
      $650,000 - $654,999 1 $650,000 $650,000 $650,000 712
      $840,000 - $844,999 1 $840,000 $840,000 $840,000 62
      $1,995,000 - $1,999,999 1 $1,995,000 $1,995,000 $1,995,000 573
      Sub Total 6 $5,035,000 $839,167 $600,000 326
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 $408,500 110
      $745,000 - $749,999 1 $749,000 $749,000 $749,000 111
      Sub Total 2 $1,157,500 $578,750 $578,750 111
                 
Grand Totals 169 $415,481,369 $2,458,470 $995,000 285

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