NV Weekly Market Report
May 19, 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 is showing a slight increase after hitting a plateau for the last couple of weeks. The Market Activity Ratio rose from 9% to 11.8%. The Active Listings is up by 1, Pending Sales is up by 4, Sales are up by 4 with YTD at 30 with Average Sales price of $948,144, Median Sale Price of $531,000 and Average Days On Market (DOM) is 168. The variance for the Median Sale Price remains the same and the Average Sale Price is down slightly with a variance of 6.5% drop. The Nevada market continues to defy market devaluation by showing more stability than it’s counterpart in California. Finding a deal in NV is a challenge!
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $315,000 – $319,999 | 1 | $319,000 | $319,000 | $319,000 | 80 | |||
| $350,000 – $354,999 | 1 | $350,000 | $350,000 | $350,000 | 236 | |||
| $375,000 – $379,999 | 1 | $379,900 | $379,900 | $379,900 | 219 | |||
| $380,000 – $384,999 | 1 | $384,900 | $384,900 | $384,900 | 75 | |||
| $395,000 – $399,999 | 2 | $798,500 | $399,250 | $399,250 | 45 | |||
| $420,000 – $424,999 | 1 | $424,900 | $424,900 | $424,900 | 181 | |||
| $425,000 – $429,999 | 2 | $850,000 | $425,000 | $425,000 | 90 | |||
| $535,000 – $539,999 | 1 | $535,000 | $535,000 | $535,000 | 170 | |||
| $545,000 – $549,999 | 1 | $549,000 | $549,000 | $549,000 | 232 | |||
| $575,000 – $579,999 | 1 | $575,000 | $575,000 | $575,000 | 67 | |||
| $585,000 – $589,999 | 2 | $1,174,000 | $587,000 | $587,000 | 492 | |||
| $595,000 – $599,999 | 5 | $2,991,900 | $598,380 | $599,000 | 139 | |||
| $625,000 – $629,999 | 1 | $625,000 | $625,000 | $625,000 | 121 | |||
| $635,000 – $639,999 | 1 | $639,000 | $639,000 | $639,000 | 214 | |||
| $645,000 – $649,999 | 1 | $645,000 | $645,000 | $645,000 | 407 | |||
| $675,000 – $679,999 | 1 | $679,000 | $679,000 | $679,000 | 109 | |||
| $685,000 – $689,999 | 1 | $689,500 | $689,500 | $689,500 | 291 | |||
| $695,000 – $699,999 | 1 | $699,000 | $699,000 | $699,000 | 55 | |||
| $745,000 – $749,999 | 2 | $1,494,900 | $747,450 | $747,450 | 504 | |||
| $750,000 – $754,999 | 1 | $750,000 | $750,000 | $750,000 | 330 | |||
| $775,000 – $779,999 | 1 | $775,000 | $775,000 | $775,000 | 54 | |||
| $795,000 – $799,999 | 3 | $2,385,057 | $795,019 | $795,000 | 353 | |||
| $845,000 – $849,999 | 2 | $1,694,999 | $847,500 | $847,500 | 173 | |||
| $895,000 – $899,999 | 4 | $3,588,000 | $897,000 | $897,000 | 311 | |||
| $925,000 – $929,999 | 1 | $925,000 | $925,000 | $925,000 | 223 | |||
| $960,000 – $964,999 | 1 | $960,000 | $960,000 | $960,000 | 608 | |||
| $965,000 – $969,999 | 1 | $965,000 | $965,000 | $965,000 | 33 | |||
| $975,000 – $979,999 | 1 | $975,000 | $975,000 | $975,000 | 326 | |||
| $985,000 – $989,999 | 1 | $989,000 | $989,000 | $989,000 | 474 | |||
| $995,000 – $999,999 | 2 | $1,990,000 | $995,000 | $995,000 | 228 | |||
| $1,085,000 – $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 247 | |||
| $1,095,000 – $1,099,999 | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 840 | |||
| $1,100,000 – $1,104,999 | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 23 | |||
| $1,150,000 – $1,154,999 | 1 | $1,150,000 | $1,150,000 | $1,150,000 | 31 | |||
| $1,195,000 – $1,199,999 | 2 | $2,394,000 | $1,197,000 | $1,197,000 | 504 | |||
| $1,200,000 – $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 659 | |||
| $1,245,000 – $1,249,999 | 1 | $1,249,000 | $1,249,000 | $1,249,000 | 337 | |||
| $1,250,000 – $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 366 | |||
| $1,295,000 – $1,299,999 | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 656 | |||
| $1,300,000 – $1,304,999 | 2 | $2,600,000 | $1,300,000 | $1,300,000 | 277 | |||
| $1,350,000 – $1,354,999 | 1 | $1,350,000 | $1,350,000 | $1,350,000 | 55 | |||
| $1,365,000 – $1,369,999 | 1 | $1,365,000 | $1,365,000 | $1,365,000 | 309 | |||
| $1,375,000 – $1,379,999 | 1 | $1,375,000 | $1,375,000 | $1,375,000 | 252 | |||
| $1,385,000 – $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 641 | |||
| $1,395,000 – $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 504 | |||
| $1,495,000 – $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 600 | |||
| $1,500,000 – $1,504,999 | 1 | $1,500,000 | $1,500,000 | $1,500,000 | 783 | |||
| $1,695,000 – $1,699,999 | 2 | $3,390,000 | $1,695,000 | $1,695,000 | 122 | |||
| $1,750,000 – $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 151 | |||
| $1,790,000 – $1,794,999 | 1 | $1,790,000 | $1,790,000 | $1,790,000 | 278 | |||
| $1,795,000 – $1,799,999 | 1 | $1,795,000 | $1,795,000 | $1,795,000 | 353 | |||
| $1,950,000 – $1,954,999 | 2 | $3,900,000 | $1,950,000 | $1,950,000 | 69 | |||
| $1,975,000 – $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 292 | |||
| $2,095,000 – $2,099,999 | 2 | $4,194,000 | $2,097,000 | $2,097,000 | 210 | |||
| $2,100,000 – $2,104,999 | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 699 | |||
| $2,190,000 – $2,194,999 | 1 | $2,190,000 | $2,190,000 | $2,190,000 | 313 | |||
| $2,200,000 – $2,204,999 | 1 | $2,200,000 | $2,200,000 | $2,200,000 | 210 | |||
| $2,275,000 – $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 537 | |||
| $2,295,000 – $2,299,999 | 2 | $4,590,000 | $2,295,000 | $2,295,000 | 323 | |||
| $2,345,000 – $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 371 | |||
| $2,400,000 – $2,404,999 | 1 | $2,400,000 | $2,400,000 | $2,400,000 | 1306 | |||
| $2,455,000 – $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 323 | |||
| $2,495,000 – $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 790 | |||
| $2,550,000 – $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 793 | |||
| $2,595,000 – $2,599,999 | 1 | $2,599,000 | $2,599,000 | $2,599,000 | 589 | |||
| $2,795,000 – $2,799,999 | 1 | $2,795,000 | $2,795,000 | $2,795,000 | 20 | |||
| $2,900,000 – $2,904,999 | 1 | $2,900,000 | $2,900,000 | $2,900,000 | 24 | |||
| $2,995,000 – $2,999,999 | 1 | $2,999,000 | $2,999,000 | $2,999,000 | 132 | |||
| $3,495,000 – $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 356 | |||
| $3,500,000 – $3,504,999 | 1 | $3,500,000 | $3,500,000 | $3,500,000 | 289 | |||
| $3,800,000 – $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 609 | |||
| $3,900,000 – $3,904,999 | 1 | $3,900,000 | $3,900,000 | $3,900,000 | 393 | |||
| $3,950,000 – $3,954,999 | 1 | $3,950,000 | $3,950,000 | $3,950,000 | 93 | |||
| $3,990,000 – $3,994,999 | 1 | $3,990,000 | $3,990,000 | $3,990,000 | 919 | |||
| $3,995,000 – $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 186 | |||
| $4,495,000 – $4,499,999 | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 320 | |||
| $4,600,000 – $4,604,999 | 1 | $4,600,000 | $4,600,000 | $4,600,000 | 364 | |||
| $4,680,000 – $4,684,999 | 1 | $4,680,000 | $4,680,000 | $4,680,000 | 11 | |||
| $4,750,000 – $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 182 | |||
| $4,950,000 – $4,954,999 | 4 | $19,800,000 | $4,950,000 | $4,950,000 | 580 | |||
| $4,995,000 – $4,999,999 | 2 | $9,990,000 | $4,995,000 | $4,995,000 | 403 | |||
| $5,300,000 – $5,304,999 | 1 | $5,300,000 | $5,300,000 | $5,300,000 | 63 | |||
| $5,400,000 – $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 391 | |||
| $5,500,000 – $5,504,999 | 1 | $5,500,000 | $5,500,000 | $5,500,000 | 85 | |||
| $5,695,000 – $5,699,999 | 1 | $5,695,000 | $5,695,000 | $5,695,000 | 393 | |||
| $5,900,000 – $5,904,999 | 1 | $5,900,000 | $5,900,000 | $5,900,000 | 180 | |||
| $5,950,000 – $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 264 | |||
| $6,495,000 – $6,499,999 | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 683 | |||
| $9,750,000 – $9,754,999 | 1 | $9,750,000 | $9,750,000 | $9,750,000 | 645 | |||
| $19,250,000 – $19,254,999 | 1 | $19,250,000 | $19,250,000 | $19,250,000 | 203 | |||
| $100,000,000 – $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 970 | |||
| Sub Total | 117 | $358,966,555 | $3,068,090 | $1,365,000 | 325 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $590,000 – $594,999 | 2 | $1,188,000 | $594,000 | $594,000 | 4 | |||
| $4,700,000 – $4,704,999 | 1 | $4,700,000 | $4,700,000 | $4,700,000 | 4 | |||
| Sub Total | 3 | $5,888,000 | $1,962,667 | $594,000 | 4 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $7,750,000 – $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 188 | |||
| Sub Total | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 188 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $535,000 – $539,999 | 1 | $539,000 | $539,000 | $539,000 | 244 | |||
| $645,000 – $649,999 | 1 | $645,000 | $645,000 | $645,000 | 228 | |||
| $675,000 – $679,999 | 1 | $675,000 | $675,000 | $675,000 | 298 | |||
| $1,400,000 – $1,404,999 | 1 | $1,400,000 | $1,400,000 | $1,400,000 | 152 | |||
| $2,590,000 – $2,594,999 | 1 | $2,590,000 | $2,590,000 | $2,590,000 | 385 | |||
| $3,300,000 – $3,304,999 | 1 | $3,300,000 | $3,300,000 | $3,300,000 | 646 | |||
| Sub Total | 6 | $9,149,000 | $1,524,833 | $1,037,500 | 326 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $415,000 – $419,999 | 1 | $415,000 | $415,000 | $415,000 | 203 | |||
| $595,000 – $599,999 | 1 | $599,500 | $599,500 | $599,500 | 68 | |||
| $975,000 – $979,999 | 1 | $979,000 | $979,000 | $979,000 | 13 | |||
| $3,490,000 – $3,494,999 | 1 | $3,490,000 | $3,490,000 | $3,490,000 | 65 | |||
| Sub Total | 4 | $5,483,500 | $1,370,875 | $789,250 | 87 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $230,000 – $234,999 | 1 | $232,155 | $232,155 | $232,155 | 25 | |||
| $275,000 – $279,999 | 1 | $279,900 | $279,900 | $279,900 | 47 | |||
| $295,000 – $299,999 | 1 | $297,450 | $297,450 | $297,450 | 83 | |||
| $360,000 – $364,999 | 1 | $360,000 | $360,000 | $360,000 | 97 | |||
| $555,000 – $559,999 | 1 | $555,000 | $555,000 | $555,000 | 402 | |||
| Sub Total | 5 | $1,724,505 | $344,901 | $297,450 | 131 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $425,000 – $429,999 | 1 | $425,000 | $425,000 | $425,000 | 380 | |||
| $500,000 – $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 216 | |||
| $550,000 – $554,999 | 1 | $550,000 | $550,000 | $550,000 | 202 | |||
| $650,000 – $654,999 | 1 | $650,000 | $650,000 | $650,000 | 720 | |||
| $840,000 – $844,999 | 1 | $840,000 | $840,000 | $840,000 | 70 | |||
| $1,995,000 – $1,999,999 | 1 | $1,995,000 | $1,995,000 | $1,995,000 | 581 | |||
| Sub Total | 7 | $5,460,000 | $780,000 | $550,000 | 341 | |||
| 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 | 2 | $715,910 | $357,955 | $357,955 | 155 | |||
| $375,000 – $379,999 | 1 | $375,000 | $375,000 | $375,000 | 55 | |||
| $395,000 – $399,999 | 1 | $399,000 | $399,000 | $399,000 | 41 | |||
| $435,000 – $439,999 | 1 | $439,000 | $439,000 | $439,000 | 131 | |||
| $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 | |||
| $575,000 – $579,999 | 1 | $575,000 | $575,000 | $575,000 | 86 | |||
| $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 | |||
| $715,000 – $719,999 | 1 | $715,000 | $715,000 | $715,000 | 102 | |||
| $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 | 30 | $28,444,309 | $948,144 | $531,000 | 168 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 119 | |||
| Sub Total | 1 | $749,000 | $749,000 | $749,000 | 119 | |||
| Grand Totals | 174 | $423,614,869 | $2,434,568 | $984,000 | 280 | |||
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