NV Weekly Market Update

August 18, 2009

What you are looking at below are charts and numbers derived from the Northern Nevada Regional Multiple Listing Service for Single Family Homes and Condos 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 NV market has improved since last week with the Market Activity Ratio increasing by 1.6%.  The Market Activity Ratio is the relationship between the Active Listings and Pending Sales and this week it is 13.9%.  This is the result of the Active Listings  going down by 4 and the Pending Sales going up by 2.  The completed transactions or Sales is up by 2 for a YTD of 56 with a Median Sales Price of %517,500, Average Sales Price of $885,524 and Average Days On Market of 173.  The Median Sales Price and Average Sales Price is down by 2.5% and 2.3% respectively.  This represents a loss of the gain from the previous week.

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 42
      $375,000 – $379,999 1 $379,900 $379,900 $379,900 302
      $385,000 – $389,999 1 $385,000 $385,000 $385,000 36
      $395,000 – $399,999 2 $798,000 $399,000 $399,000 121
      $400,000 – $404,999 1 $400,000 $400,000 $400,000 34
      $425,000 – $429,999 1 $429,000 $429,000 $429,000 20
      $480,000 – $484,999 1 $484,000 $484,000 $484,000 256
      $495,000 – $499,999 2 $998,500 $499,250 $499,250 25
      $505,000 – $509,999 1 $508,000 $508,000 $508,000 45
      $525,000 – $529,999 1 $525,000 $525,000 $525,000 53
      $535,000 – $539,999 1 $539,000 $539,000 $539,000 175
      $540,000 – $544,999 1 $540,000 $540,000 $540,000 30
      $545,000 – $549,999 1 $549,000 $549,000 $549,000 324
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 28
      $555,000 – $559,999 1 $557,000 $557,000 $557,000 213
      $570,000 – $574,999 1 $574,000 $574,000 $574,000 150
      $575,000 – $579,999 2 $1,154,000 $577,000 $577,000 190
      $590,000 – $594,999 1 $594,000 $594,000 $594,000 96
      $595,000 – $599,999 2 $1,198,000 $599,000 $599,000 193
      $635,000 – $639,999 1 $639,000 $639,000 $639,000 56
      $645,000 – $649,999 2 $1,290,000 $645,000 $645,000 401
      $685,000 – $689,999 1 $689,500 $689,500 $689,500 375
      $725,000 – $729,999 2 $1,458,000 $729,000 $729,000 368
      $745,000 – $749,999 2 $1,494,900 $747,450 $747,450 596
      $750,000 – $754,999 2 $1,500,000 $750,000 $750,000 599
      $765,000 – $769,999 1 $769,950 $769,950 $769,950 355
      $775,000 – $779,999 2 $1,550,000 $775,000 $775,000 154
      $795,000 – $799,999 2 $1,598,900 $799,450 $799,450 149
      $800,000 – $804,999 1 $800,000 $800,000 $800,000 36
      $825,000 – $829,999 1 $825,000 $825,000 $825,000 92
      $840,000 – $844,999 1 $840,000 $840,000 $840,000 33
      $845,000 – $849,999 3 $2,543,999 $848,000 $849,000 336
      $850,000 – $854,999 1 $850,000 $850,000 $850,000 9
      $895,000 – $899,999 3 $2,689,000 $896,333 $895,000 306
      $925,000 – $929,999 1 $925,000 $925,000 $925,000 125
      $995,000 – $999,999 1 $995,000 $995,000 $995,000 136
      $1,085,000 – $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 339
      $1,095,000 – $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 897
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 115
      $1,150,000 – $1,154,999 2 $2,300,000 $1,150,000 $1,150,000 288
      $1,190,000 – $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 123
      $1,195,000 – $1,199,999 3 $3,589,000 $1,196,333 $1,195,000 641
      $1,200,000 – $1,204,999 2 $2,400,000 $1,200,000 $1,200,000 640
      $1,250,000 – $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 448
      $1,275,000 – $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 401
      $1,295,000 – $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 707
      $1,300,000 – $1,304,999 1 $1,300,000 $1,300,000 $1,300,000 194
      $1,350,000 – $1,354,999 2 $2,700,000 $1,350,000 $1,350,000 29
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 340
      $1,390,000 – $1,394,999 1 $1,390,000 $1,390,000 $1,390,000 252
      $1,395,000 – $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 588
      $1,400,000 – $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 244
      $1,500,000 – $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 875
      $1,695,000 – $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 214
      $1,750,000 – $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 243
      $1,775,000 – $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 445
      $1,785,000 – $1,789,999 2 $3,570,000 $1,785,000 $1,785,000 77
      $1,795,000 – $1,799,999 1 $1,795,000 $1,795,000 $1,795,000 33
      $1,890,000 – $1,894,999 1 $1,890,000 $1,890,000 $1,890,000 9
      $1,950,000 – $1,954,999 2 $3,900,000 $1,950,000 $1,950,000 62
      $1,975,000 – $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 629
      $1,995,000 – $1,999,999 4 $7,984,000 $1,996,000 $1,995,000 302
      $2,095,000 – $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 484
      $2,100,000 – $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 791
      $2,190,000 – $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 399
      $2,245,000 – $2,249,999 1 $2,245,000 $2,245,000 $2,245,000 48
      $2,295,000 – $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 366
      $2,300,000 – $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 92
      $2,400,000 – $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1076
      $2,455,000 – $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 399
      $2,495,000 – $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 882
      $2,500,000 – $2,504,999 1 $2,500,000 $2,500,000 $2,500,000 298
      $2,550,000 – $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 84
      $2,595,000 – $2,599,999 2 $5,190,000 $2,595,000 $2,595,000 400
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 218
      $2,795,000 – $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 112
      $2,845,000 – $2,849,999 1 $2,845,000 $2,845,000 $2,845,000 65
      $2,900,000 – $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 116
      $2,925,000 – $2,929,999 1 $2,925,000 $2,925,000 $2,925,000 52
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 9
      $3,495,000 – $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 448
      $3,800,000 – $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 701
      $3,950,000 – $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 185
      $3,995,000 – $3,999,999 2 $7,994,000 $3,997,000 $3,997,000 241
      $4,600,000 – $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 431
      $4,680,000 – $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 103
      $4,700,000 – $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 96
      $4,775,000 – $4,779,999 1 $4,778,000 $4,778,000 $4,778,000 75
      Sub Total 115 $174,820,649 $1,520,180 $1,195,000 278
New                
  RESIDENTIAL              
    Residential            
      $280,000 – $284,999 1 $284,900 $284,900 $284,900 5
      $975,000 – $979,999 1 $979,000 $979,000 $979,000 5
      $1,350,000 – $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 2
      Sub Total 3 $2,613,900 $871,300 $979,000 4
Price Reduced                
  RESIDENTIAL              
    Residential            
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 201
      $1,350,000 – $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 70
      $1,445,000 – $1,449,999 1 $1,445,000 $1,445,000 $1,445,000 33
      $1,850,000 – $1,854,999 1 $1,850,000 $1,850,000 $1,850,000 211
      $2,300,000 – $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 471
      $2,495,000 – $2,499,999 1 $2,499,000 $2,499,000 $2,499,000 681
      Sub Total 6 $10,073,000 $1,678,833 $1,647,500 278
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $355,000 – $359,999 1 $355,000 $355,000 $355,000 141
      $675,000 – $679,999 1 $675,000 $675,000 $675,000 383
      $710,000 – $714,999 1 $711,550 $711,550 $711,550 22
      $745,000 – $749,999 1 $745,000 $745,000 $745,000 99
      $1,060,000 – $1,064,999 1 $1,064,000 $1,064,000 $1,064,000 45
      $1,470,000 – $1,474,999 1 $1,470,000 $1,470,000 $1,470,000 22
      $3,990,000 – $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 1011
      $3,995,000 – $3,999,999 1 $3,995,000 $3,995,000 $3,995,000 149
      Sub Total 8 $13,005,550 $1,625,694 $904,500 234
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $265,000 – $269,999 1 $269,900 $269,900 $269,900 30
      $355,000 – $359,999 1 $356,400 $356,400 $356,400 30
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 55
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 381
      Sub Total 4 $5,226,300 $1,306,575 $728,200 124
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $295,000 – $299,999 1 $295,000 $295,000 $295,000 172
      $550,000 – $554,999 1 $550,000 $550,000 $550,000 294
      $555,000 – $559,999 1 $559,000 $559,000 $559,000 614
      $595,000 – $599,999 1 $599,000 $599,000 $599,000 147
      $650,000 – $654,999 1 $650,000 $650,000 $650,000 396
      $765,000 – $769,999 1 $765,000 $765,000 $765,000 211
      $1,695,000 – $1,699,999 1 $1,695,000 $1,695,000 $1,695,000 84
      $3,500,000 – $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 68
      Sub Total 8 $8,613,000 $1,076,625 $624,500 248
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 – $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 – $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 – $254,999 1 $250,000 $250,000 $250,000 93
      $280,000 – $284,999 1 $280,000 $280,000 $280,000 199
      $285,000 – $289,999 1 $289,900 $289,900 $289,900 92
      $290,000 – $294,999 1 $292,000 $292,000 $292,000 41
      $300,000 – $304,999 2 $601,000 $300,500 $300,500 196
      $325,000 – $329,999 2 $656,500 $328,250 $328,250 79
      $335,000 – $339,999 1 $335,000 $335,000 $335,000 420
      $350,000 – $354,999 1 $350,000 $350,000 $350,000 134
      $355,000 – $359,999 2 $715,910 $357,955 $357,955 154
      $375,000 – $379,999 2 $753,000 $376,500 $376,500 100
      $380,000 – $384,999 1 $380,000 $380,000 $380,000 116
      $395,000 – $399,999 1 $399,000 $399,000 $399,000 41
      $415,000 – $419,999 1 $415,000 $415,000 $415,000 255
      $435,000 – $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 – $454,999 2 $900,000 $450,000 $450,000 60
      $455,000 – $459,999 1 $455,000 $455,000 $455,000 247
      $485,000 – $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 – $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 – $514,999 1 $510,000 $510,000 $510,000 551
      $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 $542,000 137
      $545,000 – $549,999 2 $1,090,000 $545,000 $545,000 63
      $550,000 – $554,999 2 $1,100,000 $550,000 $550,000 63
      $575,000 – $579,999 1 $575,000 $575,000 $575,000 86
      $600,000 – $604,999 2 $1,204,900 $602,450 $602,450 60
      $625,000 – $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 – $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 – $709,999 1 $705,999 $705,999 $705,999 202
      $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 $781,000 100
      $810,000 – $814,999 1 $810,000 $810,000 $810,000 121
      $890,000 – $894,999 1 $890,000 $890,000 $890,000 477
      $950,000 – $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 – $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $1,265,000 – $1,269,999 1 $1,265,000 $1,265,000 $1,265,000 10
      $1,375,000 – $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 35
      $1,625,000 – $1,629,999 1 $1,625,000 $1,625,000 $1,625,000 270
      $2,625,000 – $2,629,999 1 $2,625,000 $2,625,000 $2,625,000 652
      $2,750,000 – $2,754,999 1 $2,750,000 $2,750,000 $2,750,000 731
      $3,300,000 – $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 94
      $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 56 $49,589,330 $885,524 $517,500 173
                 
Grand Totals 200 $263,941,729 $1,319,709 $847,000 238

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