NV Weekly Market Report

June 8, 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 rising for the second consecutive week!  The Active Listing inventory is up by 1, the Pending Sales is up by 4 for a ratio or Market Activity Indicator of 13.9%.  This is up from last week by 2.%.  The completed transactions or Sales for the past week was zero.  The Median Sales price and Average Sales price remain the same at $520,000 and $925,623 respectively.  The four new Pending Sales occurred a between the price bracket of $410,000 and $800,000.  There is life above $400,000!

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 10
      $295,000 - $299,999 1 $295,000 $295,000 $295,000 100
      $350,000 - $354,999 1 $350,000 $350,000 $350,000 256
      $375,000 - $379,999 1 $379,900 $379,900 $379,900 239
      $380,000 - $384,999 1 $384,900 $384,900 $384,900 95
      $385,000 - $389,999 1 $387,500 $387,500 $387,500 69
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 61
      $425,000 - $429,999 2 $850,000 $425,000 $425,000 270
      $535,000 - $539,999 1 $535,000 $535,000 $535,000 190
      $545,000 - $549,999 1 $549,000 $549,000 $549,000 252
      $575,000 - $579,999 2 $1,154,000 $577,000 $577,000 161
      $585,000 - $589,999 1 $589,000 $589,000 $589,000 481
      $590,000 - $594,999 2 $1,188,000 $594,000 $594,000 24
      $595,000 - $599,999 7 $4,189,475 $598,496 $599,000 127
      $625,000 - $629,999 1 $625,000 $625,000 $625,000 141
      $640,000 - $644,999 1 $644,000 $644,000 $644,000 129
      $645,000 - $649,999 2 $1,290,000 $645,000 $645,000 338
      $675,000 - $679,999 1 $675,000 $675,000 $675,000 318
      $685,000 - $689,999 1 $689,500 $689,500 $689,500 311
      $745,000 - $749,999 2 $1,494,900 $747,450 $747,450 524
      $750,000 - $754,999 1 $750,000 $750,000 $750,000 350
      $775,000 - $779,999 1 $775,000 $775,000 $775,000 74
      $795,000 - $799,999 3 $2,389,057 $796,352 $795,057 350
      $845,000 - $849,999 1 $849,999 $849,999 $849,999 211
      $875,000 - $879,999 1 $875,000 $875,000 $875,000 20
      $895,000 - $899,999 5 $4,480,500 $896,100 $895,000 269
      $925,000 - $929,999 1 $925,000 $925,000 $925,000 243
      $960,000 - $964,999 1 $960,000 $960,000 $960,000 628
      $975,000 - $979,999 1 $975,000 $975,000 $975,000 346
      $995,000 - $999,999 2 $1,990,000 $995,000 $995,000 248
      $1,085,000 - $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 267
      $1,095,000 - $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 860
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 43
      $1,190,000 - $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 51
      $1,195,000 - $1,199,999 2 $2,394,000 $1,197,000 $1,197,000 524
      $1,200,000 - $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 679
      $1,245,000 - $1,249,999 1 $1,249,000 $1,249,000 $1,249,000 357
      $1,250,000 - $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 386
      $1,295,000 - $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 676
      $1,300,000 - $1,304,999 2 $2,600,000 $1,300,000 $1,300,000 297
      $1,350,000 - $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 75
      $1,365,000 - $1,369,999 1 $1,365,000 $1,365,000 $1,365,000 329
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 272
      $1,385,000 - $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 661
      $1,395,000 - $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 524
      $1,400,000 - $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 172
      $1,500,000 - $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 803
      $1,600,000 - $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 205
      $1,695,000 - $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 142
      $1,750,000 - $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 171
      $1,775,000 - $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 373
      $1,795,000 - $1,799,999 1 $1,795,000 $1,795,000 $1,795,000 6
      $1,950,000 - $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 32
      $1,975,000 - $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 312
      $1,995,000 - $1,999,999 1 $1,999,000 $1,999,000 $1,999,000 48
      $2,095,000 - $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 412
      $2,100,000 - $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 719
      $2,125,000 - $2,129,999 1 $2,125,000 $2,125,000 $2,125,000 385
      $2,150,000 - $2,154,999 1 $2,150,000 $2,150,000 $2,150,000 145
      $2,190,000 - $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 333
      $2,200,000 - $2,204,999 1 $2,200,000 $2,200,000 $2,200,000 230
      $2,275,000 - $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 557
      $2,295,000 - $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 300
      $2,300,000 - $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 20
      $2,345,000 - $2,349,999 1 $2,345,000 $2,345,000 $2,345,000 391
      $2,400,000 - $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1326
      $2,455,000 - $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 343
      $2,490,000 - $2,494,999 1 $2,490,000 $2,490,000 $2,490,000 405
      $2,495,000 - $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 810
      $2,550,000 - $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 12
      $2,595,000 - $2,599,999 2 $5,194,000 $2,597,000 $2,597,000 568
      $2,795,000 - $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 40
      $2,900,000 - $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 44
      $2,995,000 - $2,999,999 1 $2,999,000 $2,999,000 $2,999,000 152
      $3,300,000 - $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 666
      $3,495,000 - $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 376
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 309
      $3,800,000 - $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 629
      $3,950,000 - $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 113
      $3,990,000 - $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 939
      $3,995,000 - $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 77
      $4,495,000 - $4,499,999 1 $4,495,000 $4,495,000 $4,495,000 340
      $4,680,000 - $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 31
      $4,700,000 - $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 24
      $4,750,000 - $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 202
      $4,950,000 - $4,954,999 4 $19,800,000 $4,950,000 $4,950,000 600
      $4,995,000 - $4,999,999 2 $9,990,000 $4,995,000 $4,995,000 423
      $5,300,000 - $5,304,999 1 $5,300,000 $5,300,000 $5,300,000 83
      $5,500,000 - $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 105
      $5,695,000 - $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 413
      $5,900,000 - $5,904,999 1 $5,900,000 $5,900,000 $5,900,000 200
      $5,950,000 - $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 284
      $6,495,000 - $6,499,999 1 $6,495,000 $6,495,000 $6,495,000 703
      $7,750,000 - $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 208
      $9,750,000 - $9,754,999 1 $9,750,000 $9,750,000 $9,750,000 665
      $19,250,000 - $19,254,999 1 $19,250,000 $19,250,000 $19,250,000 223
      Sub Total 122 $266,784,631 $2,186,759 $1,357,500 309
New                
  RESIDENTIAL              
    Residential            
      $1,950,000 - $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 4
      $2,785,000 - $2,789,999 1 $2,785,000 $2,785,000 $2,785,000 146
      $4,775,000 - $4,779,999 1 $4,778,000 $4,778,000 $4,778,000 3
      $4,975,000 - $4,979,999 1 $4,975,000 $4,975,000 $4,975,000 1
      $7,975,000 - $7,979,999 1 $7,975,000 $7,975,000 $7,975,000 4
      Sub Total 5 $22,463,000 $4,492,600 $4,778,000 32
Extended                
  RESIDENTIAL              
    Residential            
      $100,000,000 - $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 990
      Sub Total 1 $100,000,000 $100,000,000 $100,000,000 990
Price Reduced                
  RESIDENTIAL              
    Residential            
      $795,000 - $799,999 1 $799,000 $799,000 $799,000 175
      $925,000 - $929,999 1 $925,000 $925,000 $925,000 53
      Sub Total 2 $1,724,000 $862,000 $862,000 114
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $415,000 - $419,999 1 $415,000 $415,000 $415,000 223
      $595,000 - $599,999 1 $599,500 $599,500 $599,500 88
      $975,000 - $979,999 1 $979,000 $979,000 $979,000 33
      $3,490,000 - $3,494,999 1 $3,490,000 $3,490,000 $3,490,000 85
      Sub Total 4 $5,483,500 $1,370,875 $789,250 107
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $230,000 - $234,999 1 $232,155 $232,155 $232,155 45
      $275,000 - $279,999 1 $279,900 $279,900 $279,900 67
      $360,000 - $364,999 1 $360,000 $360,000 $360,000 117
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 79
      $410,000 - $414,999 1 $410,900 $410,900 $410,900 201
      $555,000 - $559,999 1 $555,000 $555,000 $555,000 422
      $595,000 - $599,999 1 $595,000 $595,000 $595,000 11
      $795,000 - $799,999 1 $795,000 $795,000 $795,000 84
      Sub Total 8 $3,626,955 $453,369 $404,950 128
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $500,000 - $504,999 2 $1,000,000 $500,000 $500,000 236
      $535,000 - $539,999 1 $539,000 $539,000 $539,000 264
      $550,000 - $554,999 1 $550,000 $550,000 $550,000 222
      $555,000 - $559,999 1 $559,000 $559,000 $559,000 543
      $650,000 - $654,999 1 $650,000 $650,000 $650,000 740
      $840,000 - $844,999 1 $840,000 $840,000 $840,000 90
      $1,995,000 - $1,999,999 1 $1,995,000 $1,995,000 $1,995,000 12
      Sub Total 8 $6,133,000 $766,625 $554,500 293
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 - $184,999 1 $181,900 $181,900 $181,900 34
      $250,000 - $254,999 1 $250,000 $250,000 $250,000 93
      $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 31 $28,694,309 $925,623 $520,000 165
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $745,000 - $749,999 1 $749,000 $749,000 $749,000 139
      Sub Total 1 $749,000 $749,000 $749,000 139
                 
Grand Totals 182 $435,658,395 $2,393,727 $967,500 265

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