NV Weekly Market Update
January 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.
We are seeing a 1% upswing in activity when looking at the ratio of Active Listings and Pending Sales. Active Listings are down by 9 and the Pending Sales is up by 1. We now have 2 sales for 2009 with a Median and Average value of $526,500. This is at the low end of the market. With a small inventory it is still slim pickings in any given price band.
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $295,000 - $299,999 | 1 | $299,900 | $299,900 | $299,900 | 142 | |||
| $330,000 - $334,999 | 1 | $332,500 | $332,500 | $332,500 | 42 | |||
| $395,000 - $399,999 | 1 | $399,000 | $399,000 | $399,000 | 99 | |||
| $405,000 - $409,999 | 1 | $405,000 | $405,000 | $405,000 | 123 | |||
| $415,000 - $419,999 | 1 | $415,000 | $415,000 | $415,000 | 119 | |||
| $445,000 - $449,999 | 1 | $449,000 | $449,000 | $449,000 | 80 | |||
| $450,000 - $454,999 | 1 | $450,000 | $450,000 | $450,000 | 83 | |||
| $465,000 - $469,999 | 1 | $465,000 | $465,000 | $465,000 | 691 | |||
| $475,000 - $479,999 | 3 | $1,433,000 | $477,667 | $479,000 | 394 | |||
| $500,000 - $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 96 | |||
| $525,000 - $529,999 | 1 | $529,000 | $529,000 | $529,000 | 112 | |||
| $550,000 - $554,999 | 1 | $550,000 | $550,000 | $550,000 | 260 | |||
| $555,000 - $559,999 | 1 | $555,000 | $555,000 | $555,000 | 282 | |||
| $560,000 - $564,999 | 1 | $560,000 | $560,000 | $560,000 | 23 | |||
| $565,000 - $569,999 | 1 | $565,000 | $565,000 | $565,000 | 459 | |||
| $570,000 - $574,999 | 1 | $573,000 | $573,000 | $573,000 | 50 | |||
| $585,000 - $589,999 | 2 | $1,174,000 | $587,000 | $587,000 | 208 | |||
| $595,000 - $599,999 | 3 | $1,793,000 | $597,667 | $599,000 | 207 | |||
| $635,000 - $639,999 | 2 | $1,278,000 | $639,000 | $639,000 | 177 | |||
| $645,000 - $649,999 | 1 | $645,000 | $645,000 | $645,000 | 287 | |||
| $685,000 - $689,999 | 2 | $1,378,500 | $689,250 | $689,250 | 157 | |||
| $695,000 - $699,999 | 3 | $2,093,000 | $697,667 | $699,000 | 377 | |||
| $700,000 - $704,999 | 1 | $700,000 | $700,000 | $700,000 | 262 | |||
| $715,000 - $719,999 | 1 | $719,000 | $719,000 | $719,000 | 108 | |||
| $745,000 - $749,999 | 1 | $749,000 | $749,000 | $749,000 | 190 | |||
| $750,000 - $754,999 | 1 | $750,000 | $750,000 | $750,000 | 210 | |||
| $845,000 - $849,999 | 2 | $1,694,999 | $847,500 | $847,500 | 117 | |||
| $975,000 - $979,999 | 1 | $975,000 | $975,000 | $975,000 | 206 | |||
| $990,000 - $994,999 | 1 | $990,000 | $990,000 | $990,000 | 200 | |||
| $995,000 - $999,999 | 4 | $3,984,000 | $996,000 | $995,000 | 390 | |||
| $1,085,000 - $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 127 | |||
| $1,090,000 - $1,094,999 | 2 | $2,180,000 | $1,090,000 | $1,090,000 | 384 | |||
| $1,095,000 - $1,099,999 | 3 | $3,285,000 | $1,095,000 | $1,095,000 | 471 | |||
| $1,145,000 - $1,149,999 | 1 | $1,145,000 | $1,145,000 | $1,145,000 | 154 | |||
| $1,195,000 - $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 489 | |||
| $1,200,000 - $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 539 | |||
| $1,245,000 - $1,249,999 | 2 | $2,498,000 | $1,249,000 | $1,249,000 | 248 | |||
| $1,250,000 - $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 246 | |||
| $1,295,000 - $1,299,999 | 2 | $2,590,000 | $1,295,000 | $1,295,000 | 323 | |||
| $1,385,000 - $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 521 | |||
| $1,395,000 - $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 189 | |||
| $1,445,000 - $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 67 | |||
| $1,490,000 - $1,494,999 | 1 | $1,492,000 | $1,492,000 | $1,492,000 | 132 | |||
| $1,495,000 - $1,499,999 | 2 | $2,994,000 | $1,497,000 | $1,497,000 | 406 | |||
| $1,595,000 - $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 265 | |||
| $1,600,000 - $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 65 | |||
| $1,650,000 - $1,654,999 | 1 | $1,650,000 | $1,650,000 | $1,650,000 | 294 | |||
| $1,750,000 - $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 31 | |||
| $1,785,000 - $1,789,999 | 1 | $1,785,000 | $1,785,000 | $1,785,000 | 200 | |||
| $1,795,000 - $1,799,999 | 3 | $5,385,000 | $1,795,000 | $1,795,000 | 351 | |||
| $1,900,000 - $1,904,999 | 2 | $3,800,000 | $1,900,000 | $1,900,000 | 305 | |||
| $1,975,000 - $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 172 | |||
| $1,995,000 - $1,999,999 | 3 | $5,985,000 | $1,995,000 | $1,995,000 | 228 | |||
| $2,100,000 - $2,104,999 | 2 | $4,200,000 | $2,100,000 | $2,100,000 | 578 | |||
| $2,275,000 - $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 417 | |||
| $2,295,000 - $2,299,999 | 1 | $2,295,000 | $2,295,000 | $2,295,000 | 272 | |||
| $2,300,000 - $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 220 | |||
| $2,345,000 - $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 251 | |||
| $2,450,000 - $2,454,999 | 1 | $2,450,000 | $2,450,000 | $2,450,000 | 76 | |||
| $2,455,000 - $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 203 | |||
| $2,495,000 - $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 90 | |||
| $2,550,000 - $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 673 | |||
| $2,595,000 - $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 386 | |||
| $2,700,000 - $2,704,999 | 1 | $2,700,000 | $2,700,000 | $2,700,000 | 140 | |||
| $2,750,000 - $2,754,999 | 2 | $5,500,000 | $2,750,000 | $2,750,000 | 367 | |||
| $2,795,000 - $2,799,999 | 2 | $5,593,000 | $2,796,500 | $2,796,500 | 495 | |||
| $2,995,000 - $2,999,999 | 2 | $5,994,000 | $2,997,000 | $2,997,000 | 599 | |||
| $3,495,000 - $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 236 | |||
| $3,800,000 - $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 489 | |||
| $3,895,000 - $3,899,999 | 1 | $3,899,900 | $3,899,900 | $3,899,900 | 526 | |||
| $3,995,000 - $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 182 | |||
| $4,495,000 - $4,499,999 | 3 | $13,485,000 | $4,495,000 | $4,495,000 | 424 | |||
| $4,750,000 - $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 62 | |||
| $4,950,000 - $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 277 | |||
| $5,250,000 - $5,254,999 | 1 | $5,250,000 | $5,250,000 | $5,250,000 | 600 | |||
| $5,295,000 - $5,299,999 | 1 | $5,295,000 | $5,295,000 | $5,295,000 | 169 | |||
| $5,400,000 - $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 271 | |||
| $5,500,000 - $5,504,999 | 2 | $11,000,000 | $5,500,000 | $5,500,000 | 502 | |||
| $5,595,000 - $5,599,999 | 1 | $5,595,000 | $5,595,000 | $5,595,000 | 244 | |||
| $5,895,000 - $5,899,999 | 1 | $5,895,000 | $5,895,000 | $5,895,000 | 96 | |||
| $5,950,000 - $5,954,999 | 2 | $11,900,000 | $5,950,000 | $5,950,000 | 361 | |||
| $5,995,000 - $5,999,999 | 2 | $11,990,000 | $5,995,000 | $5,995,000 | 371 | |||
| $6,500,000 - $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 60 | |||
| $7,495,000 - $7,499,999 | 1 | $7,495,000 | $7,495,000 | $7,495,000 | 563 | |||
| $7,750,000 - $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 68 | |||
| $9,495,000 - $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 581 | |||
| $11,250,000 - $11,254,999 | 1 | $11,250,000 | $11,250,000 | $11,250,000 | 525 | |||
| $32,500,000 - $32,504,999 | 1 | $32,500,000 | $32,500,000 | $32,500,000 | 83 | |||
| $100,000,000 - $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 850 | |||
| Sub Total | 124 | $404,019,798 | $3,258,224 | $1,493,500 | 295 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $625,000 - $629,999 | 1 | $625,000 | $625,000 | $625,000 | 1 | |||
| Sub Total | 1 | $625,000 | $625,000 | $625,000 | 1 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $680,000 - $684,999 | 1 | $681,000 | $681,000 | $681,000 | 403 | |||
| $795,000 - $799,999 | 1 | $795,057 | $795,057 | $795,057 | 592 | |||
| $985,000 - $989,999 | 1 | $989,000 | $989,000 | $989,000 | 354 | |||
| $2,580,000 - $2,584,999 | 1 | $2,580,000 | $2,580,000 | $2,580,000 | 193 | |||
| $2,750,000 - $2,754,999 | 1 | $2,750,000 | $2,750,000 | $2,750,000 | 245 | |||
| Sub Total | 5 | $7,795,057 | $1,559,011 | $989,000 | 357 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $535,000 - $539,999 | 1 | $539,900 | $539,900 | $539,900 | 33 | |||
| $550,000 - $554,999 | 1 | $554,900 | $554,900 | $554,900 | 61 | |||
| $4,950,000 - $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 996 | |||
| Sub Total | 3 | $6,044,800 | $2,014,933 | $554,900 | 363 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $325,000 - $329,999 | 1 | $329,900 | $329,900 | $329,900 | 83 | |||
| $725,000 - $729,999 | 1 | $725,000 | $725,000 | $725,000 | 123 | |||
| $4,995,000 - $4,999,999 | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 275 | |||
| Sub Total | 3 | $6,049,900 | $2,016,633 | $725,000 | 160 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 - $399,999 | 1 | $399,900 | $399,900 | $399,900 | 160 | |||
| $775,000 - $779,999 | 1 | $775,000 | $775,000 | $775,000 | 59 | |||
| $795,000 - $799,999 | 1 | $799,000 | $799,000 | $799,000 | 95 | |||
| Sub Total | 3 | $1,973,900 | $657,967 | $775,000 | 105 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $445,000 - $449,999 | 1 | $445,000 | $445,000 | $445,000 | 413 | |||
| $1,495,000 - $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 145 | |||
| Sub Total | 2 | $1,940,000 | $970,000 | $970,000 | 279 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $450,000 - $454,999 | 1 | $450,000 | $450,000 | $450,000 | 6 | |||
| $600,000 - $604,999 | 1 | $603,000 | $603,000 | $603,000 | 98 | |||
| Sub Total | 2 | $1,053,000 | $526,500 | $526,500 | 52 | |||
| Grand Totals | 143 | $429,501,455 | $3,003,507 | $1,295,000 | 286 | |||
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