NV Weekly Market Update
February 2, 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 improving again this week. There are now a total of 4 sales with an Average Sales Price of $539,500 and a Median Sale Price of $526,500 with an Average of 155 Days On Market (DOM). The Active Listing inventory remained the same at 129 but with an additional 2 more Pending Sales for a total of 10. This makes the ratio between Active and Pending Listings, 7.2% which is higher than the 5.8% last week.
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $405,000 – $409,999 | 1 | $405,000 | $405,000 | $405,000 | 137 | |||
| $415,000 – $419,999 | 1 | $415,000 | $415,000 | $415,000 | 133 | |||
| $430,000 – $434,999 | 1 | $430,000 | $430,000 | $430,000 | 12 | |||
| $445,000 – $449,999 | 2 | $898,000 | $449,000 | $449,000 | 96 | |||
| $475,000 – $479,999 | 1 | $479,000 | $479,000 | $479,000 | 296 | |||
| $500,000 – $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 110 | |||
| $515,000 – $519,999 | 1 | $519,000 | $519,000 | $519,000 | 14 | |||
| $525,000 – $529,999 | 1 | $529,000 | $529,000 | $529,000 | 126 | |||
| $535,000 – $539,999 | 1 | $539,900 | $539,900 | $539,900 | 47 | |||
| $550,000 – $554,999 | 2 | $1,104,900 | $552,450 | $552,450 | 175 | |||
| $555,000 – $559,999 | 1 | $555,000 | $555,000 | $555,000 | 296 | |||
| $560,000 – $564,999 | 1 | $560,000 | $560,000 | $560,000 | 37 | |||
| $565,000 – $569,999 | 1 | $565,000 | $565,000 | $565,000 | 473 | |||
| $570,000 – $574,999 | 1 | $573,000 | $573,000 | $573,000 | 64 | |||
| $585,000 – $589,999 | 2 | $1,174,000 | $587,000 | $587,000 | 222 | |||
| $595,000 – $599,999 | 3 | $1,793,000 | $597,667 | $599,000 | 221 | |||
| $625,000 – $629,999 | 1 | $625,000 | $625,000 | $625,000 | 15 | |||
| $635,000 – $639,999 | 1 | $639,000 | $639,000 | $639,000 | 108 | |||
| $645,000 – $649,999 | 1 | $645,000 | $645,000 | $645,000 | 301 | |||
| $685,000 – $689,999 | 2 | $1,378,500 | $689,250 | $689,250 | 171 | |||
| $695,000 – $699,999 | 2 | $1,394,000 | $697,000 | $697,000 | 141 | |||
| $700,000 – $704,999 | 1 | $700,000 | $700,000 | $700,000 | 276 | |||
| $715,000 – $719,999 | 1 | $719,000 | $719,000 | $719,000 | 122 | |||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 204 | |||
| $750,000 – $754,999 | 2 | $1,500,000 | $750,000 | $750,000 | 208 | |||
| $795,000 – $799,999 | 1 | $795,057 | $795,057 | $795,057 | 606 | |||
| $845,000 – $849,999 | 3 | $2,543,999 | $848,000 | $849,000 | 90 | |||
| $975,000 – $979,999 | 1 | $975,000 | $975,000 | $975,000 | 220 | |||
| $985,000 – $989,999 | 1 | $989,000 | $989,000 | $989,000 | 368 | |||
| $995,000 – $999,999 | 3 | $2,989,000 | $996,333 | $995,000 | 248 | |||
| $1,085,000 – $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 141 | |||
| $1,090,000 – $1,094,999 | 2 | $2,180,000 | $1,090,000 | $1,090,000 | 398 | |||
| $1,095,000 – $1,099,999 | 2 | $2,190,000 | $1,095,000 | $1,095,000 | 360 | |||
| $1,145,000 – $1,149,999 | 1 | $1,145,000 | $1,145,000 | $1,145,000 | 168 | |||
| $1,195,000 – $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 503 | |||
| $1,200,000 – $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 553 | |||
| $1,245,000 – $1,249,999 | 2 | $2,498,000 | $1,249,000 | $1,249,000 | 262 | |||
| $1,250,000 – $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 260 | |||
| $1,295,000 – $1,299,999 | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 124 | |||
| $1,385,000 – $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 535 | |||
| $1,395,000 – $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 203 | |||
| $1,445,000 – $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 81 | |||
| $1,495,000 – $1,499,999 | 2 | $2,994,000 | $1,497,000 | $1,497,000 | 420 | |||
| $1,600,000 – $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 79 | |||
| $1,750,000 – $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 45 | |||
| $1,790,000 – $1,794,999 | 1 | $1,790,000 | $1,790,000 | $1,790,000 | 172 | |||
| $1,795,000 – $1,799,999 | 2 | $3,590,000 | $1,795,000 | $1,795,000 | 462 | |||
| $1,900,000 – $1,904,999 | 2 | $3,800,000 | $1,900,000 | $1,900,000 | 319 | |||
| $1,995,000 – $1,999,999 | 2 | $3,990,000 | $1,995,000 | $1,995,000 | 285 | |||
| $2,100,000 – $2,104,999 | 2 | $4,200,000 | $2,100,000 | $2,100,000 | 592 | |||
| $2,275,000 – $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 431 | |||
| $2,295,000 – $2,299,999 | 1 | $2,295,000 | $2,295,000 | $2,295,000 | 286 | |||
| $2,300,000 – $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 234 | |||
| $2,345,000 – $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 265 | |||
| $2,450,000 – $2,454,999 | 1 | $2,450,000 | $2,450,000 | $2,450,000 | 90 | |||
| $2,455,000 – $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 217 | |||
| $2,495,000 – $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 104 | |||
| $2,550,000 – $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 687 | |||
| $2,580,000 – $2,584,999 | 1 | $2,580,000 | $2,580,000 | $2,580,000 | 207 | |||
| $2,595,000 – $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 400 | |||
| $2,700,000 – $2,704,999 | 1 | $2,700,000 | $2,700,000 | $2,700,000 | 154 | |||
| $2,750,000 – $2,754,999 | 3 | $8,250,000 | $2,750,000 | $2,750,000 | 340 | |||
| $2,795,000 – $2,799,999 | 1 | $2,798,000 | $2,798,000 | $2,798,000 | 684 | |||
| $2,995,000 – $2,999,999 | 2 | $5,994,000 | $2,997,000 | $2,997,000 | 613 | |||
| $3,495,000 – $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 250 | |||
| $3,800,000 – $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 503 | |||
| $3,995,000 – $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 196 | |||
| $4,495,000 – $4,499,999 | 3 | $13,485,000 | $4,495,000 | $4,495,000 | 438 | |||
| $4,750,000 – $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 76 | |||
| $4,950,000 – $4,954,999 | 2 | $9,900,000 | $4,950,000 | $4,950,000 | 651 | |||
| $5,250,000 – $5,254,999 | 1 | $5,250,000 | $5,250,000 | $5,250,000 | 614 | |||
| $5,295,000 – $5,299,999 | 1 | $5,295,000 | $5,295,000 | $5,295,000 | 183 | |||
| $5,400,000 – $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 285 | |||
| $5,595,000 – $5,599,999 | 1 | $5,595,000 | $5,595,000 | $5,595,000 | 258 | |||
| $5,950,000 – $5,954,999 | 2 | $11,900,000 | $5,950,000 | $5,950,000 | 375 | |||
| $5,995,000 – $5,999,999 | 2 | $11,990,000 | $5,995,000 | $5,995,000 | 385 | |||
| $6,500,000 – $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 74 | |||
| $7,495,000 – $7,499,999 | 1 | $7,495,000 | $7,495,000 | $7,495,000 | 577 | |||
| $7,750,000 – $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 82 | |||
| $9,495,000 – $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 595 | |||
| $11,250,000 – $11,254,999 | 1 | $11,250,000 | $11,250,000 | $11,250,000 | 539 | |||
| $32,500,000 – $32,504,999 | 1 | $32,500,000 | $32,500,000 | $32,500,000 | 97 | |||
| $100,000,000 – $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 864 | |||
| Sub Total | 113 | $378,100,355 | $3,346,021 | $1,399,000 | 286 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 – $399,999 | 1 | $399,000 | $399,000 | $399,000 | 3 | |||
| $695,000 – $699,999 | 1 | $695,000 | $695,000 | $695,000 | 3 | |||
| $795,000 – $799,999 | 1 | $795,000 | $795,000 | $795,000 | 4 | |||
| Sub Total | 3 | $1,889,000 | $629,667 | $695,000 | 3 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 872 | |||
| $1,395,000 – $1,399,999 | 1 | $1,395,000 | $1,395,000 | $1,395,000 | 146 | |||
| $1,595,000 – $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 279 | |||
| $1,975,000 – $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 186 | |||
| $2,495,000 – $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 174 | |||
| $5,500,000 – $5,504,999 | 1 | $5,500,000 | $5,500,000 | $5,500,000 | 619 | |||
| Sub Total | 6 | $13,709,000 | $2,284,833 | $1,785,000 | 379 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,050,000 – $1,054,999 | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 214 | |||
| Sub Total | 1 | $1,050,000 | $1,050,000 | $1,050,000 | 214 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $275,000 – $279,999 | 1 | $279,500 | $279,500 | $279,500 | 56 | |||
| $385,000 – $389,999 | 1 | $389,250 | $389,250 | $389,250 | 113 | |||
| $585,000 – $589,999 | 1 | $585,000 | $585,000 | $585,000 | 417 | |||
| $2,150,000 – $2,154,999 | 1 | $2,150,000 | $2,150,000 | $2,150,000 | 19 | |||
| $3,400,000 – $3,404,999 | 1 | $3,400,000 | $3,400,000 | $3,400,000 | 540 | |||
| $5,695,000 – $5,699,999 | 1 | $5,695,000 | $5,695,000 | $5,695,000 | 110 | |||
| Sub Total | 6 | $12,498,750 | $2,083,125 | $1,367,500 | 209 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $295,000 – $299,999 | 1 | $299,900 | $299,900 | $299,900 | 156 | |||
| $465,000 – $469,999 | 1 | $465,000 | $465,000 | $465,000 | 705 | |||
| $725,000 – $729,999 | 1 | $725,000 | $725,000 | $725,000 | 137 | |||
| $1,785,000 – $1,789,999 | 1 | $1,785,000 | $1,785,000 | $1,785,000 | 214 | |||
| $4,995,000 – $4,999,999 | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 289 | |||
| Sub Total | 5 | $8,269,900 | $1,653,980 | $725,000 | 300 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 – $399,999 | 1 | $399,900 | $399,900 | $399,900 | 174 | |||
| $475,000 – $479,999 | 1 | $479,000 | $479,000 | $479,000 | 203 | |||
| $550,000 – $554,999 | 1 | $551,900 | $551,900 | $551,900 | 102 | |||
| $775,000 – $779,999 | 1 | $775,000 | $775,000 | $775,000 | 73 | |||
| Sub Total | 4 | $2,205,800 | $551,450 | $515,450 | 138 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,495,000 – $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 159 | |||
| Sub Total | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 159 | |||
| 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 | 96 | |||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 13 | |||
| Sub Total | 2 | $1,078,900 | $539,450 | $539,450 | 55 | |||
| Grand Totals | 145 | $422,454,705 | $2,913,481 | $1,249,000 | 269 | |||
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