NV Weekly Market Statistics Update

February 16, 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 has improved by 1 Pending Sale since last week.  The total of Active Listings is down by 2 which gives us a slightly improved ratio between Active Listings and Pending Sales of 9.9%.  The number of Solds remains at 4 with the Average sale at $539,500 and the Median sale at $526,500.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $275,000 – $279,999 1 $279,500 $279,500 $279,500 70
      $385,000 – $389,999 1 $389,250 $389,250 $389,250 127
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 147
      $430,000 – $434,999 1 $430,000 $430,000 $430,000 26
      $445,000 – $449,999 2 $898,000 $449,000 $449,000 110
      $475,000 – $479,999 1 $479,000 $479,000 $479,000 310
      $500,000 – $504,999 2 $1,000,000 $500,000 $500,000 124
      $515,000 – $519,999 1 $519,000 $519,000 $519,000 28
      $525,000 – $529,999 1 $529,000 $529,000 $529,000 140
      $545,000 – $549,999 1 $549,000 $549,000 $549,000 78
      $555,000 – $559,999 1 $555,000 $555,000 $555,000 310
      $565,000 – $569,999 2 $1,134,000 $567,000 $567,000 248
      $585,000 – $589,999 1 $589,000 $589,000 $589,000 369
      $595,000 – $599,999 2 $1,194,000 $597,000 $597,000 150
      $625,000 – $629,999 1 $625,000 $625,000 $625,000 29
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 122
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 243
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 199
      $695,000 – $699,999 2 $1,394,000 $697,000 $697,000 87
      $700,000 – $704,999 1 $700,000 $700,000 $700,000 290
      $715,000 – $719,999 1 $719,000 $719,000 $719,000 136
      $745,000 – $749,999 2 $1,498,000 $749,000 $749,000 552
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 222
      $795,000 – $799,999 4 $3,184,557 $796,139 $795,029 213
      $845,000 – $849,999 1 $849,999 $849,999 $849,999 99
      $895,000 – $899,999 1 $899,000 $899,000 $899,000 307
      $975,000 – $979,999 1 $975,000 $975,000 $975,000 234
      $985,000 – $989,999 1 $989,000 $989,000 $989,000 382
      $995,000 – $999,999 2 $1,994,000 $997,000 $997,000 328
      $1,050,000 – $1,054,999 1 $1,050,000 $1,050,000 $1,050,000 228
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 155
      $1,090,000 – $1,094,999 1 $1,090,000 $1,090,000 $1,090,000 516
      $1,095,000 – $1,099,999 2 $2,190,000 $1,095,000 $1,095,000 374
      $1,195,000 – $1,199,999 1 $1,195,000 $1,195,000 $1,195,000 517
      $1,200,000 – $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 567
      $1,245,000 – $1,249,999 2 $2,498,000 $1,249,000 $1,249,000 276
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 274
      $1,295,000 – $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 138
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 10
      $1,385,000 – $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 549
      $1,395,000 – $1,399,999 3 $4,193,000 $1,397,667 $1,399,000 263
      $1,445,000 – $1,449,999 1 $1,449,000 $1,449,000 $1,449,000 95
      $1,495,000 – $1,499,999 2 $2,994,000 $1,497,000 $1,497,000 434
      $1,595,000 – $1,599,999 1 $1,595,000 $1,595,000 $1,595,000 293
      $1,600,000 – $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 93
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 59
      $1,790,000 – $1,794,999 1 $1,790,000 $1,790,000 $1,790,000 186
      $1,795,000 – $1,799,999 2 $3,590,000 $1,795,000 $1,795,000 476
      $1,900,000 – $1,904,999 2 $3,800,000 $1,900,000 $1,900,000 333
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 200
      $1,995,000 – $1,999,999 2 $3,990,000 $1,995,000 $1,995,000 299
      $2,100,000 – $2,104,999 2 $4,200,000 $2,100,000 $2,100,000 606
      $2,275,000 – $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 445
      $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 $2,300,000 248
      $2,345,000 – $2,349,999 1 $2,345,000 $2,345,000 $2,345,000 279
      $2,450,000 – $2,454,999 1 $2,450,000 $2,450,000 $2,450,000 104
      $2,455,000 – $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 231
      $2,495,000 – $2,499,999 2 $4,990,000 $2,495,000 $2,495,000 153
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 701
      $2,580,000 – $2,584,999 1 $2,580,000 $2,580,000 $2,580,000 221
      $2,595,000 – $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 414
      $2,700,000 – $2,704,999 1 $2,700,000 $2,700,000 $2,700,000 168
      $2,750,000 – $2,754,999 3 $8,250,000 $2,750,000 $2,750,000 354
      $2,995,000 – $2,999,999 2 $5,994,000 $2,997,000 $2,997,000 627
      $3,400,000 – $3,404,999 1 $3,400,000 $3,400,000 $3,400,000 554
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 264
      $3,800,000 – $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 517
      $3,990,000 – $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 827
      $3,995,000 – $3,999,999 2 $7,994,999 $3,997,500 $3,997,500 210
      $4,495,000 – $4,499,999 2 $8,990,000 $4,495,000 $4,495,000 265
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 272
      $4,750,000 – $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 90
      $4,950,000 – $4,954,999 2 $9,900,000 $4,950,000 $4,950,000 665
      $5,250,000 – $5,254,999 1 $5,250,000 $5,250,000 $5,250,000 628
      $5,295,000 – $5,299,999 1 $5,295,000 $5,295,000 $5,295,000 197
      $5,400,000 – $5,404,999 1 $5,400,000 $5,400,000 $5,400,000 299
      $5,500,000 – $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 633
      $5,695,000 – $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 124
      $5,950,000 – $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 172
      $5,995,000 – $5,999,999 2 $11,990,000 $5,995,000 $5,995,000 399
      $6,500,000 – $6,504,999 1 $6,500,000 $6,500,000 $6,500,000 88
      $7,495,000 – $7,499,999 1 $7,495,000 $7,495,000 $7,495,000 591
      $7,750,000 – $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 96
      $9,495,000 – $9,499,999 1 $9,495,000 $9,495,000 $9,495,000 609
      $11,250,000 – $11,254,999 1 $11,250,000 $11,250,000 $11,250,000 553
      $32,500,000 – $32,504,999 1 $32,500,000 $32,500,000 $32,500,000 111
      $100,000,000 – $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 878
      Sub Total 117 $390,145,805 $3,334,580 $1,495,000 299
New                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 5
      $4,375,000 – $4,379,999 1 $4,375,000 $4,375,000 $4,375,000 1
      Sub Total 2 $4,774,000 $2,387,000 $2,387,000 3
Price Reduced                
  RESIDENTIAL              
    Residential            
      $425,000 – $429,999 1 $425,000 $425,000 $425,000 288
      $495,000 – $499,999 1 $499,900 $499,900 $499,900 61
      $545,000 – $549,999 1 $549,900 $549,900 $549,900 89
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 152
      $925,000 – $929,999 1 $925,000 $925,000 $925,000 131
      $1,950,000 – $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 33
      $2,495,000 – $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 698
      $5,450,000 – $5,454,999 1 $5,450,000 $5,450,000 $5,450,000 605
      Sub Total 8 $12,933,800 $1,616,725 $782,000 257
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $295,000 – $299,999 1 $299,900 $299,900 $299,900 170
      $465,000 – $469,999 1 $465,000 $465,000 $465,000 719
      $725,000 – $729,999 1 $725,000 $725,000 $725,000 151
      $1,785,000 – $1,789,999 1 $1,785,000 $1,785,000 $1,785,000 228
      $4,995,000 – $4,999,999 1 $4,995,000 $4,995,000 $4,995,000 303
      Sub Total 5 $8,269,900 $1,653,980 $725,000 314
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $395,000 – $399,999 2 $798,900 $399,450 $399,450 103
      $550,000 – $554,999 1 $551,900 $551,900 $551,900 116
      $560,000 – $564,999 1 $560,000 $560,000 $560,000 51
      $775,000 – $779,999 1 $775,000 $775,000 $775,000 87
      Sub Total 5 $2,685,800 $537,160 $551,900 92
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $585,000 – $589,999 1 $585,000 $585,000 $585,000 431
      $1,495,000 – $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 173
      Sub Total 2 $2,080,000 $1,040,000 $1,040,000 302
SOLD                
  RESIDENTIAL              
    Residential            
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $450,000 – $454,999 1 $450,000 $450,000 $450,000 6
      $600,000 – $604,999 1 $603,000 $603,000 $603,000 98
      $770,000 – $774,999 1 $770,000 $770,000 $770,000 97
      Sub Total 4 $2,158,000 $539,500 $526,500 155
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $325,000 – $329,999 1 $329,900 $329,900 $329,900 110
      $745,000 – $749,999 1 $749,000 $749,000 $749,000 27
      Sub Total 2 $1,078,900 $539,450 $539,450 69
                 
Grand Totals 145 $424,126,205 $2,925,008 $1,295,000 279

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