NV Weekly Market Update
March 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 remains flat as well as the California side. The Active listings is up by 1 and the Pending Sales remain the same at 13 with a ratio of 9.2%. Sales for the year are up by 2 with an Average Sale price of $978,301 and a Median Sale of $526,500. The average Days On Marke (DOM) is 107 days. The Average Sale went up dramatically due to a Lake front property that sold for $4.2 million.
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $260,000 – $264,999 | 1 | $262,730 | $262,730 | $262,730 | 90 | |||
| $385,000 – $389,999 | 1 | $389,250 | $389,250 | $389,250 | 147 | |||
| $395,000 – $399,999 | 1 | $399,000 | $399,000 | $399,000 | 25 | |||
| $405,000 – $409,999 | 1 | $408,500 | $408,500 | $408,500 | 46 | |||
| $415,000 – $419,999 | 1 | $415,000 | $415,000 | $415,000 | 167 | |||
| $420,000 – $424,999 | 1 | $420,000 | $420,000 | $420,000 | 8 | |||
| $445,000 – $449,999 | 1 | $449,000 | $449,000 | $449,000 | 128 | |||
| $470,000 – $474,999 | 1 | $474,900 | $474,900 | $474,900 | 81 | |||
| $475,000 – $479,999 | 3 | $1,433,000 | $477,667 | $479,000 | 205 | |||
| $500,000 – $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 144 | |||
| $520,000 – $524,999 | 1 | $524,900 | $524,900 | $524,900 | 109 | |||
| $525,000 – $529,999 | 1 | $529,000 | $529,000 | $529,000 | 160 | |||
| $545,000 – $549,999 | 1 | $549,000 | $549,000 | $549,000 | 98 | |||
| $555,000 – $559,999 | 1 | $555,000 | $555,000 | $555,000 | 330 | |||
| $585,000 – $589,999 | 1 | $589,000 | $589,000 | $589,000 | 389 | |||
| $595,000 – $599,999 | 2 | $1,194,000 | $597,000 | $597,000 | 170 | |||
| $625,000 – $629,999 | 1 | $625,000 | $625,000 | $625,000 | 49 | |||
| $635,000 – $639,999 | 3 | $1,917,000 | $639,000 | $639,000 | 117 | |||
| $645,000 – $649,999 | 1 | $645,000 | $645,000 | $645,000 | 335 | |||
| $650,000 – $654,999 | 1 | $650,000 | $650,000 | $650,000 | 16 | |||
| $695,000 – $699,999 | 2 | $1,394,000 | $697,000 | $697,000 | 107 | |||
| $715,000 – $719,999 | 1 | $719,000 | $719,000 | $719,000 | 156 | |||
| $745,000 – $749,999 | 2 | $1,498,000 | $749,000 | $749,000 | 572 | |||
| $750,000 – $754,999 | 3 | $2,250,000 | $750,000 | $750,000 | 165 | |||
| $795,000 – $799,999 | 4 | $3,184,557 | $796,139 | $795,029 | 233 | |||
| $845,000 – $849,999 | 1 | $849,999 | $849,999 | $849,999 | 119 | |||
| $885,000 – $889,999 | 1 | $889,000 | $889,000 | $889,000 | 83 | |||
| $895,000 – $899,999 | 2 | $1,798,000 | $899,000 | $899,000 | 388 | |||
| $925,000 – $929,999 | 1 | $925,000 | $925,000 | $925,000 | 151 | |||
| $975,000 – $979,999 | 1 | $975,000 | $975,000 | $975,000 | 254 | |||
| $985,000 – $989,999 | 1 | $989,000 | $989,000 | $989,000 | 402 | |||
| $995,000 – $999,999 | 1 | $995,000 | $995,000 | $995,000 | 612 | |||
| $1,085,000 – $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 175 | |||
| $1,090,000 – $1,094,999 | 1 | $1,090,000 | $1,090,000 | $1,090,000 | 536 | |||
| $1,095,000 – $1,099,999 | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 340 | |||
| $1,195,000 – $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 537 | |||
| $1,200,000 – $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 587 | |||
| $1,245,000 – $1,249,999 | 2 | $2,498,000 | $1,249,000 | $1,249,000 | 296 | |||
| $1,250,000 – $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 294 | |||
| $1,300,000 – $1,304,999 | 1 | $1,300,000 | $1,300,000 | $1,300,000 | 30 | |||
| $1,385,000 – $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 569 | |||
| $1,395,000 – $1,399,999 | 3 | $4,193,000 | $1,397,667 | $1,399,000 | 283 | |||
| $1,445,000 – $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 115 | |||
| $1,495,000 – $1,499,999 | 2 | $2,994,000 | $1,497,000 | $1,497,000 | 454 | |||
| $1,595,000 – $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 313 | |||
| $1,600,000 – $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 113 | |||
| $1,700,000 – $1,704,999 | 1 | $1,700,000 | $1,700,000 | $1,700,000 | 80 | |||
| $1,750,000 – $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 79 | |||
| $1,790,000 – $1,794,999 | 1 | $1,790,000 | $1,790,000 | $1,790,000 | 206 | |||
| $1,795,000 – $1,799,999 | 2 | $3,590,000 | $1,795,000 | $1,795,000 | 496 | |||
| $1,950,000 – $1,954,999 | 1 | $1,950,000 | $1,950,000 | $1,950,000 | 53 | |||
| $1,975,000 – $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 220 | |||
| $1,995,000 – $1,999,999 | 2 | $3,990,000 | $1,995,000 | $1,995,000 | 319 | |||
| $2,100,000 – $2,104,999 | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 627 | |||
| $2,190,000 – $2,194,999 | 1 | $2,190,000 | $2,190,000 | $2,190,000 | 241 | |||
| $2,275,000 – $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 465 | |||
| $2,295,000 – $2,299,999 | 1 | $2,295,000 | $2,295,000 | $2,295,000 | 320 | |||
| $2,300,000 – $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 268 | |||
| $2,345,000 – $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 299 | |||
| $2,495,000 – $2,499,999 | 3 | $7,485,000 | $2,495,000 | $2,495,000 | 355 | |||
| $2,550,000 – $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 721 | |||
| $2,595,000 – $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 434 | |||
| $2,640,000 – $2,644,999 | 1 | $2,640,000 | $2,640,000 | $2,640,000 | 313 | |||
| $2,700,000 – $2,704,999 | 1 | $2,700,000 | $2,700,000 | $2,700,000 | 188 | |||
| $2,750,000 – $2,754,999 | 2 | $5,500,000 | $2,750,000 | $2,750,000 | 405 | |||
| $2,995,000 – $2,999,999 | 2 | $5,994,000 | $2,997,000 | $2,997,000 | 647 | |||
| $3,400,000 – $3,404,999 | 1 | $3,400,000 | $3,400,000 | $3,400,000 | 574 | |||
| $3,495,000 – $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 284 | |||
| $3,800,000 – $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 537 | |||
| $3,900,000 – $3,904,999 | 1 | $3,900,000 | $3,900,000 | $3,900,000 | 321 | |||
| $3,990,000 – $3,994,999 | 1 | $3,990,000 | $3,990,000 | $3,990,000 | 847 | |||
| $3,995,000 – $3,999,999 | 1 | $3,995,000 | $3,995,000 | $3,995,000 | 217 | |||
| $4,375,000 – $4,379,999 | 1 | $4,375,000 | $4,375,000 | $4,375,000 | 21 | |||
| $4,495,000 – $4,499,999 | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 248 | |||
| $4,600,000 – $4,604,999 | 1 | $4,600,000 | $4,600,000 | $4,600,000 | 292 | |||
| $4,750,000 – $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 110 | |||
| $4,950,000 – $4,954,999 | 3 | $14,850,000 | $4,950,000 | $4,950,000 | 461 | |||
| $5,250,000 – $5,254,999 | 1 | $5,250,000 | $5,250,000 | $5,250,000 | 648 | |||
| $5,400,000 – $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 319 | |||
| $5,500,000 – $5,504,999 | 1 | $5,500,000 | $5,500,000 | $5,500,000 | 13 | |||
| $5,695,000 – $5,699,999 | 1 | $5,695,000 | $5,695,000 | $5,695,000 | 144 | |||
| $5,950,000 – $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 192 | |||
| $5,995,000 – $5,999,999 | 2 | $11,990,000 | $5,995,000 | $5,995,000 | 419 | |||
| $6,500,000 – $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 108 | |||
| $7,495,000 – $7,499,999 | 1 | $7,495,000 | $7,495,000 | $7,495,000 | 611 | |||
| $7,750,000 – $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 116 | |||
| $9,495,000 – $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 629 | |||
| $10,750,000 – $10,754,999 | 1 | $10,750,000 | $10,750,000 | $10,750,000 | 573 | |||
| $32,500,000 – $32,504,999 | 1 | $32,500,000 | $32,500,000 | $32,500,000 | 131 | |||
| $100,000,000 – $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 898 | |||
| Sub Total | 117 | $383,466,836 | $3,277,494 | $1,399,000 | 294 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $295,000 – $299,999 | 1 | $297,450 | $297,450 | $297,450 | 11 | |||
| $395,000 – $399,999 | 1 | $397,750 | $397,750 | $397,750 | 5 | |||
| $410,000 – $414,999 | 1 | $413,900 | $413,900 | $413,900 | 3 | |||
| $1,195,000 – $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 3 | |||
| $9,750,000 – $9,754,999 | 1 | $9,750,000 | $9,750,000 | $9,750,000 | 16 | |||
| Sub Total | 5 | $12,054,100 | $2,410,820 | $413,900 | 8 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,095,000 – $1,099,999 | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 768 | |||
| $1,295,000 – $1,299,999 | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 584 | |||
| $3,995,000 – $3,999,999 | 1 | $3,999,999 | $3,999,999 | $3,999,999 | 242 | |||
| Sub Total | 3 | $6,389,999 | $2,130,000 | $1,295,000 | 531 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $595,000 – $599,999 | 1 | $599,000 | $599,000 | $599,000 | 172 | |||
| $675,000 – $679,999 | 1 | $675,000 | $675,000 | $675,000 | 248 | |||
| $1,100,000 – $1,104,999 | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 158 | |||
| $4,950,000 – $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 217 | |||
| Sub Total | 4 | $7,324,000 | $1,831,000 | $887,500 | 199 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $295,000 – $299,999 | 1 | $299,900 | $299,900 | $299,900 | 190 | |||
| $725,000 – $729,999 | 1 | $725,000 | $725,000 | $725,000 | 171 | |||
| $1,785,000 – $1,789,999 | 1 | $1,785,000 | $1,785,000 | $1,785,000 | 248 | |||
| Sub Total | 3 | $2,809,900 | $936,633 | $725,000 | 203 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 – $399,999 | 1 | $399,000 | $399,000 | $399,000 | 37 | |||
| $550,000 – $554,999 | 1 | $551,900 | $551,900 | $551,900 | 136 | |||
| $560,000 – $564,999 | 1 | $560,000 | $560,000 | $560,000 | 71 | |||
| $565,000 – $569,999 | 2 | $1,134,000 | $567,000 | $567,000 | 268 | |||
| $700,000 – $704,999 | 1 | $700,000 | $700,000 | $700,000 | 310 | |||
| Sub Total | 6 | $3,344,900 | $557,483 | $562,500 | 182 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $425,000 – $429,999 | 1 | $425,000 | $425,000 | $425,000 | 308 | |||
| $585,000 – $589,999 | 1 | $585,000 | $585,000 | $585,000 | 451 | |||
| $1,495,000 – $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 193 | |||
| Sub Total | 3 | $2,505,000 | $835,000 | $585,000 | 317 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $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 | 1 | $359,910 | $359,910 | $359,910 | 197 | |||
| $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 | |||
| $780,000 – $784,999 | 1 | $781,000 | $781,000 | $781,000 | 102 | |||
| $4,200,000 – $4,204,999 | 1 | $4,200,000 | $4,200,000 | $4,200,000 | 321 | |||
| Sub Total | 8 | $7,826,410 | $978,301 | $526,500 | 170 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $175,000 – $179,999 | 1 | $179,900 | $179,900 | $179,900 | 17 | |||
| $575,000 – $579,999 | 1 | $579,000 | $579,000 | $579,000 | 10 | |||
| $745,000 – $749,999 | 1 | $749,000 | $749,000 | $749,000 | 47 | |||
| $5,450,000 – $5,454,999 | 1 | $5,450,000 | $5,450,000 | $5,450,000 | 625 | |||
| Sub Total | 4 | $6,957,900 | $1,739,475 | $664,000 | 175 | |||
| Grand Totals | 153 | $432,679,045 | $2,827,968 | $1,195,000 | 272 | |||
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