NV Weekly Market Update
April 6, 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.
East shore is following South shore’s example and maintaining momentum! There are 4 less Active Listings this week, 18 Pending Sales remains the same for a ratio of 12.2% which is up slightly. To date this year, there are a total of 16 Closed Escrows or Sales which is up from 13 last week with an Average Sale Price of $1,023,707, Median Sale Price of $531,000 and Average Days On Market (DOM) of 165. If you look at the chart you’ll notice that it’s the short sales that is making a large inpact on the market.
| Status | Class | Type | Price Range | No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM |
|---|---|---|---|---|---|---|---|---|
| ACTIVE | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $245,000 - $249,999 | 1 | $246,970 | $246,970 | $246,970 | 119 | |||
| $295,000 - $299,999 | 1 | $297,450 | $297,450 | $297,450 | 40 | |||
| $340,000 - $344,999 | 1 | $340,000 | $340,000 | $340,000 | 37 | |||
| $350,000 - $354,999 | 1 | $350,000 | $350,000 | $350,000 | 193 | |||
| $385,000 - $389,999 | 1 | $389,250 | $389,250 | $389,250 | 176 | |||
| $400,000 - $404,999 | 1 | $402,900 | $402,900 | $402,900 | 32 | |||
| $415,000 - $419,999 | 1 | $415,000 | $415,000 | $415,000 | 196 | |||
| $425,000 - $429,999 | 1 | $425,000 | $425,000 | $425,000 | 16 | |||
| $465,000 - $469,999 | 1 | $469,900 | $469,900 | $469,900 | 138 | |||
| $475,000 - $479,999 | 1 | $479,000 | $479,000 | $479,000 | 266 | |||
| $525,000 - $529,999 | 1 | $529,000 | $529,000 | $529,000 | 189 | |||
| $545,000 - $549,999 | 1 | $549,000 | $549,000 | $549,000 | 127 | |||
| $555,000 - $559,999 | 1 | $555,000 | $555,000 | $555,000 | 359 | |||
| $575,000 - $579,999 | 1 | $575,000 | $575,000 | $575,000 | 24 | |||
| $585,000 - $589,999 | 1 | $589,000 | $589,000 | $589,000 | 418 | |||
| $595,000 - $599,999 | 5 | $2,994,500 | $598,900 | $599,000 | 105 | |||
| $615,000 - $619,999 | 1 | $619,000 | $619,000 | $619,000 | 220 | |||
| $625,000 - $629,999 | 1 | $625,000 | $625,000 | $625,000 | 78 | |||
| $635,000 - $639,999 | 1 | $639,000 | $639,000 | $639,000 | 171 | |||
| $645,000 - $649,999 | 1 | $645,000 | $645,000 | $645,000 | 364 | |||
| $675,000 - $679,999 | 1 | $679,000 | $679,000 | $679,000 | 66 | |||
| $685,000 - $689,999 | 1 | $689,500 | $689,500 | $689,500 | 248 | |||
| $745,000 - $749,999 | 1 | $749,000 | $749,000 | $749,000 | 935 | |||
| $750,000 - $754,999 | 2 | $1,500,000 | $750,000 | $750,000 | 271 | |||
| $775,000 - $779,999 | 1 | $775,000 | $775,000 | $775,000 | 11 | |||
| $795,000 - $799,999 | 3 | $2,385,057 | $795,019 | $795,000 | 325 | |||
| $815,000 - $819,999 | 1 | $819,000 | $819,000 | $819,000 | 12 | |||
| $840,000 - $844,999 | 1 | $840,000 | $840,000 | $840,000 | 27 | |||
| $845,000 - $849,999 | 1 | $849,999 | $849,999 | $849,999 | 148 | |||
| $895,000 - $899,999 | 3 | $2,693,000 | $897,667 | $899,000 | 285 | |||
| $925,000 - $929,999 | 1 | $925,000 | $925,000 | $925,000 | 180 | |||
| $975,000 - $979,999 | 1 | $975,000 | $975,000 | $975,000 | 283 | |||
| $995,000 - $999,999 | 1 | $995,000 | $995,000 | $995,000 | 641 | |||
| $1,085,000 - $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 204 | |||
| $1,095,000 - $1,099,999 | 1 | $1,095,000 | $1,095,000 | $1,095,000 | 797 | |||
| $1,100,000 - $1,104,999 | 1 | $1,100,000 | $1,100,000 | $1,100,000 | 187 | |||
| $1,195,000 - $1,199,999 | 2 | $2,394,000 | $1,197,000 | $1,197,000 | 461 | |||
| $1,200,000 - $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 616 | |||
| $1,245,000 - $1,249,999 | 1 | $1,249,000 | $1,249,000 | $1,249,000 | 294 | |||
| $1,250,000 - $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 323 | |||
| $1,295,000 - $1,299,999 | 1 | $1,295,000 | $1,295,000 | $1,295,000 | 613 | |||
| $1,300,000 - $1,304,999 | 2 | $2,600,000 | $1,300,000 | $1,300,000 | 234 | |||
| $1,350,000 - $1,354,999 | 1 | $1,350,000 | $1,350,000 | $1,350,000 | 12 | |||
| $1,385,000 - $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 598 | |||
| $1,395,000 - $1,399,999 | 2 | $2,794,000 | $1,397,000 | $1,397,000 | 335 | |||
| $1,445,000 - $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 144 | |||
| $1,495,000 - $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 557 | |||
| $1,500,000 - $1,504,999 | 2 | $3,000,000 | $1,500,000 | $1,500,000 | 425 | |||
| $1,595,000 - $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 342 | |||
| $1,600,000 - $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 142 | |||
| $1,750,000 - $1,754,999 | 1 | $1,750,000 | $1,750,000 | $1,750,000 | 108 | |||
| $1,790,000 - $1,794,999 | 1 | $1,790,000 | $1,790,000 | $1,790,000 | 235 | |||
| $1,795,000 - $1,799,999 | 1 | $1,795,000 | $1,795,000 | $1,795,000 | 310 | |||
| $1,950,000 - $1,954,999 | 1 | $1,950,000 | $1,950,000 | $1,950,000 | 82 | |||
| $1,975,000 - $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 249 | |||
| $2,100,000 - $2,104,999 | 1 | $2,100,000 | $2,100,000 | $2,100,000 | 656 | |||
| $2,190,000 - $2,194,999 | 1 | $2,190,000 | $2,190,000 | $2,190,000 | 270 | |||
| $2,275,000 - $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 494 | |||
| $2,295,000 - $2,299,999 | 1 | $2,295,000 | $2,295,000 | $2,295,000 | 237 | |||
| $2,300,000 - $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 297 | |||
| $2,345,000 - $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 328 | |||
| $2,400,000 - $2,404,999 | 1 | $2,400,000 | $2,400,000 | $2,400,000 | 1263 | |||
| $2,455,000 - $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 280 | |||
| $2,495,000 - $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 747 | |||
| $2,550,000 - $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 750 | |||
| $2,595,000 - $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 463 | |||
| $2,640,000 - $2,644,999 | 1 | $2,640,000 | $2,640,000 | $2,640,000 | 342 | |||
| $2,750,000 - $2,754,999 | 2 | $5,500,000 | $2,750,000 | $2,750,000 | 434 | |||
| $2,995,000 - $2,999,999 | 1 | $2,999,000 | $2,999,000 | $2,999,000 | 89 | |||
| $3,400,000 - $3,404,999 | 1 | $3,400,000 | $3,400,000 | $3,400,000 | 603 | |||
| $3,495,000 - $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 313 | |||
| $3,500,000 - $3,504,999 | 1 | $3,500,000 | $3,500,000 | $3,500,000 | 246 | |||
| $3,800,000 - $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 566 | |||
| $3,900,000 - $3,904,999 | 1 | $3,900,000 | $3,900,000 | $3,900,000 | 350 | |||
| $3,990,000 - $3,994,999 | 1 | $3,990,000 | $3,990,000 | $3,990,000 | 876 | |||
| $3,995,000 - $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 143 | |||
| $4,000,000 - $4,004,999 | 1 | $4,000,000 | $4,000,000 | $4,000,000 | 22 | |||
| $4,375,000 - $4,379,999 | 1 | $4,375,000 | $4,375,000 | $4,375,000 | 50 | |||
| $4,495,000 - $4,499,999 | 1 | $4,495,000 | $4,495,000 | $4,495,000 | 277 | |||
| $4,600,000 - $4,604,999 | 1 | $4,600,000 | $4,600,000 | $4,600,000 | 321 | |||
| $4,750,000 - $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 139 | |||
| $4,950,000 - $4,954,999 | 4 | $19,800,000 | $4,950,000 | $4,950,000 | 537 | |||
| $4,995,000 - $4,999,999 | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 173 | |||
| $5,300,000 - $5,304,999 | 1 | $5,300,000 | $5,300,000 | $5,300,000 | 20 | |||
| $5,400,000 - $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 348 | |||
| $5,500,000 - $5,504,999 | 1 | $5,500,000 | $5,500,000 | $5,500,000 | 42 | |||
| $5,950,000 - $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 221 | |||
| $5,995,000 - $5,999,999 | 2 | $11,990,000 | $5,995,000 | $5,995,000 | 448 | |||
| $6,495,000 - $6,499,999 | 1 | $6,495,000 | $6,495,000 | $6,495,000 | 640 | |||
| $6,500,000 - $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 137 | |||
| $7,750,000 - $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 145 | |||
| $9,495,000 - $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 658 | |||
| $9,750,000 - $9,754,999 | 1 | $9,750,000 | $9,750,000 | $9,750,000 | 45 | |||
| $10,750,000 - $10,754,999 | 1 | $10,750,000 | $10,750,000 | $10,750,000 | 602 | |||
| $19,250,000 - $19,254,999 | 1 | $19,250,000 | $19,250,000 | $19,250,000 | 160 | |||
| $100,000,000 - $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 927 | |||
| Sub Total | 115 | $382,576,525 | $3,326,752 | $1,449,000 | 310 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $285,000 - $289,999 | 1 | $289,900 | $289,900 | $289,900 | 4 | |||
| $395,000 - $399,999 | 1 | $399,500 | $399,500 | $399,500 | 6 | |||
| Sub Total | 2 | $689,400 | $344,700 | $344,700 | 5 | |||
| Back On Market | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $385,000 - $389,999 | 1 | $389,900 | $389,900 | $389,900 | 34 | |||
| Sub Total | 1 | $389,900 | $389,900 | $389,900 | 34 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $405,000 - $409,999 | 1 | $408,500 | $408,500 | $408,500 | 75 | |||
| $445,000 - $449,999 | 1 | $449,000 | $449,000 | $449,000 | 160 | |||
| $995,000 - $999,999 | 1 | $995,000 | $995,000 | $995,000 | 369 | |||
| Sub Total | 3 | $1,852,500 | $617,500 | $449,000 | 201 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $360,000 - $364,999 | 1 | $360,000 | $360,000 | $360,000 | 54 | |||
| $450,000 - $454,999 | 1 | $450,000 | $450,000 | $450,000 | 77 | |||
| $675,000 - $679,999 | 1 | $675,000 | $675,000 | $675,000 | 40 | |||
| $845,000 - $849,999 | 1 | $845,000 | $845,000 | $845,000 | 112 | |||
| $960,000 - $964,999 | 1 | $960,000 | $960,000 | $960,000 | 565 | |||
| $1,365,000 - $1,369,999 | 1 | $1,365,000 | $1,365,000 | $1,365,000 | 266 | |||
| $1,695,000 - $1,699,999 | 1 | $1,695,000 | $1,695,000 | $1,695,000 | 157 | |||
| $2,095,000 - $2,099,999 | 1 | $2,095,000 | $2,095,000 | $2,095,000 | 349 | |||
| Sub Total | 8 | $8,445,000 | $1,055,625 | $902,500 | 203 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $595,000 - $599,999 | 1 | $599,500 | $599,500 | $599,500 | 45 | |||
| $725,000 - $729,999 | 1 | $725,000 | $725,000 | $725,000 | 200 | |||
| $4,950,000 - $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 246 | |||
| Sub Total | 3 | $6,274,500 | $2,091,500 | $725,000 | 164 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $565,000 - $569,999 | 1 | $565,000 | $565,000 | $565,000 | 536 | |||
| $700,000 - $704,999 | 1 | $700,000 | $700,000 | $700,000 | 339 | |||
| $1,195,000 - $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 32 | |||
| Sub Total | 3 | $2,460,000 | $820,000 | $700,000 | 302 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $425,000 - $429,999 | 1 | $425,000 | $425,000 | $425,000 | 337 | |||
| $500,000 - $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 173 | |||
| $550,000 - $554,999 | 1 | $550,000 | $550,000 | $550,000 | 159 | |||
| $585,000 - $589,999 | 1 | $585,000 | $585,000 | $585,000 | 480 | |||
| $720,000 - $724,999 | 1 | $720,000 | $720,000 | $720,000 | 677 | |||
| $985,000 - $989,999 | 1 | $989,000 | $989,000 | $989,000 | 431 | |||
| $1,495,000 - $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 222 | |||
| $1,995,000 - $1,999,999 | 1 | $1,995,000 | $1,995,000 | $1,995,000 | 538 | |||
| Sub Total | 9 | $7,759,000 | $862,111 | $585,000 | 354 | |||
| SOLD | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $180,000 - $184,999 | 1 | $181,900 | $181,900 | $181,900 | 34 | |||
| $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 | |||
| $395,000 - $399,999 | 1 | $399,000 | $399,000 | $399,000 | 41 | |||
| $450,000 - $454,999 | 1 | $450,000 | $450,000 | $450,000 | 6 | |||
| $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 | 161 | |||
| $545,000 - $549,999 | 1 | $545,000 | $545,000 | $545,000 | 20 | |||
| $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 | |||
| $1,625,000 - $1,629,999 | 1 | $1,625,000 | $1,625,000 | $1,625,000 | 270 | |||
| $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 | |||
| Sub Total | 16 | $16,379,310 | $1,023,707 | $531,000 | 165 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $470,000 - $474,999 | 1 | $474,900 | $474,900 | $474,900 | 90 | |||
| $645,000 - $649,999 | 1 | $649,900 | $649,900 | $649,900 | 72 | |||
| $745,000 - $749,999 | 1 | $749,000 | $749,000 | $749,000 | 76 | |||
| Sub Total | 3 | $1,873,800 | $624,600 | $649,900 | 79 | |||
| Grand Totals | 163 | $428,699,935 | $2,630,061 | $1,095,000 | 278 | |||
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