NV Weekly Market Update
January 12, 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 showing more life in the new year. Since last week inventory of Active Listings went down by 7 for a total of 138 while Pending Sales went up by 1 for a total of 7. The ratio of Active Listings to Pending Sales went from 3.9% to 4.8% in just a week, which is not bad for Nevada. Like the California side, if this trend continues, we could be seeing the bottom of the market now!
| 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 | 135 | |||
| $325,000 - $329,999 | 1 | $329,900 | $329,900 | $329,900 | 76 | |||
| $330,000 - $334,999 | 1 | $332,500 | $332,500 | $332,500 | 35 | |||
| $395,000 - $399,999 | 1 | $399,000 | $399,000 | $399,000 | 92 | |||
| $405,000 - $409,999 | 1 | $405,000 | $405,000 | $405,000 | 116 | |||
| $445,000 - $449,999 | 1 | $449,000 | $449,000 | $449,000 | 73 | |||
| $450,000 - $454,999 | 1 | $450,000 | $450,000 | $450,000 | 76 | |||
| $465,000 - $469,999 | 1 | $465,000 | $465,000 | $465,000 | 684 | |||
| $475,000 - $479,999 | 3 | $1,433,000 | $477,667 | $479,000 | 387 | |||
| $500,000 - $504,999 | 2 | $1,000,000 | $500,000 | $500,000 | 89 | |||
| $525,000 - $529,999 | 1 | $529,000 | $529,000 | $529,000 | 105 | |||
| $545,000 - $549,999 | 1 | $549,900 | $549,900 | $549,900 | 26 | |||
| $550,000 - $554,999 | 1 | $550,000 | $550,000 | $550,000 | 253 | |||
| $555,000 - $559,999 | 1 | $555,000 | $555,000 | $555,000 | 275 | |||
| $560,000 - $564,999 | 1 | $560,000 | $560,000 | $560,000 | 16 | |||
| $565,000 - $569,999 | 1 | $565,000 | $565,000 | $565,000 | 452 | |||
| $570,000 - $574,999 | 2 | $1,147,900 | $573,950 | $573,950 | 49 | |||
| $585,000 - $589,999 | 2 | $1,174,000 | $587,000 | $587,000 | 201 | |||
| $595,000 - $599,999 | 3 | $1,793,000 | $597,667 | $599,000 | 200 | |||
| $635,000 - $639,999 | 2 | $1,278,000 | $639,000 | $639,000 | 170 | |||
| $645,000 - $649,999 | 1 | $645,000 | $645,000 | $645,000 | 280 | |||
| $680,000 - $684,999 | 1 | $681,000 | $681,000 | $681,000 | 396 | |||
| $685,000 - $689,999 | 2 | $1,378,500 | $689,250 | $689,250 | 150 | |||
| $695,000 - $699,999 | 3 | $2,093,000 | $697,667 | $699,000 | 370 | |||
| $700,000 - $704,999 | 1 | $700,000 | $700,000 | $700,000 | 255 | |||
| $715,000 - $719,999 | 1 | $719,000 | $719,000 | $719,000 | 101 | |||
| $725,000 - $729,999 | 1 | $725,000 | $725,000 | $725,000 | 116 | |||
| $745,000 - $749,999 | 1 | $749,000 | $749,000 | $749,000 | 183 | |||
| $750,000 - $754,999 | 1 | $750,000 | $750,000 | $750,000 | 203 | |||
| $795,000 - $799,999 | 1 | $795,057 | $795,057 | $795,057 | 585 | |||
| $845,000 - $849,999 | 2 | $1,694,999 | $847,500 | $847,500 | 110 | |||
| $975,000 - $979,999 | 1 | $975,000 | $975,000 | $975,000 | 199 | |||
| $990,000 - $994,999 | 1 | $990,000 | $990,000 | $990,000 | 193 | |||
| $995,000 - $999,999 | 5 | $4,979,000 | $995,800 | $995,000 | 376 | |||
| $1,085,000 - $1,089,999 | 1 | $1,088,000 | $1,088,000 | $1,088,000 | 120 | |||
| $1,090,000 - $1,094,999 | 2 | $2,180,000 | $1,090,000 | $1,090,000 | 377 | |||
| $1,095,000 - $1,099,999 | 3 | $3,285,000 | $1,095,000 | $1,095,000 | 464 | |||
| $1,145,000 - $1,149,999 | 1 | $1,145,000 | $1,145,000 | $1,145,000 | 147 | |||
| $1,195,000 - $1,199,999 | 1 | $1,195,000 | $1,195,000 | $1,195,000 | 482 | |||
| $1,200,000 - $1,204,999 | 1 | $1,200,000 | $1,200,000 | $1,200,000 | 532 | |||
| $1,245,000 - $1,249,999 | 2 | $2,498,000 | $1,249,000 | $1,249,000 | 241 | |||
| $1,250,000 - $1,254,999 | 1 | $1,250,000 | $1,250,000 | $1,250,000 | 239 | |||
| $1,295,000 - $1,299,999 | 2 | $2,590,000 | $1,295,000 | $1,295,000 | 316 | |||
| $1,385,000 - $1,389,999 | 1 | $1,385,000 | $1,385,000 | $1,385,000 | 514 | |||
| $1,395,000 - $1,399,999 | 1 | $1,399,000 | $1,399,000 | $1,399,000 | 182 | |||
| $1,445,000 - $1,449,999 | 1 | $1,449,000 | $1,449,000 | $1,449,000 | 60 | |||
| $1,490,000 - $1,494,999 | 1 | $1,492,000 | $1,492,000 | $1,492,000 | 125 | |||
| $1,495,000 - $1,499,999 | 2 | $2,994,000 | $1,497,000 | $1,497,000 | 399 | |||
| $1,595,000 - $1,599,999 | 1 | $1,595,000 | $1,595,000 | $1,595,000 | 258 | |||
| $1,600,000 - $1,604,999 | 1 | $1,600,000 | $1,600,000 | $1,600,000 | 58 | |||
| $1,650,000 - $1,654,999 | 1 | $1,650,000 | $1,650,000 | $1,650,000 | 287 | |||
| $1,750,000 - $1,754,999 | 2 | $3,500,000 | $1,750,000 | $1,750,000 | 101 | |||
| $1,785,000 - $1,789,999 | 1 | $1,785,000 | $1,785,000 | $1,785,000 | 193 | |||
| $1,795,000 - $1,799,999 | 4 | $7,180,000 | $1,795,000 | $1,795,000 | 311 | |||
| $1,900,000 - $1,904,999 | 1 | $1,900,000 | $1,900,000 | $1,900,000 | 25 | |||
| $1,975,000 - $1,979,999 | 1 | $1,975,000 | $1,975,000 | $1,975,000 | 165 | |||
| $1,995,000 - $1,999,999 | 3 | $5,985,000 | $1,995,000 | $1,995,000 | 221 | |||
| $2,100,000 - $2,104,999 | 2 | $4,200,000 | $2,100,000 | $2,100,000 | 571 | |||
| $2,275,000 - $2,279,999 | 1 | $2,275,000 | $2,275,000 | $2,275,000 | 410 | |||
| $2,295,000 - $2,299,999 | 1 | $2,295,000 | $2,295,000 | $2,295,000 | 265 | |||
| $2,300,000 - $2,304,999 | 1 | $2,300,000 | $2,300,000 | $2,300,000 | 213 | |||
| $2,345,000 - $2,349,999 | 1 | $2,345,000 | $2,345,000 | $2,345,000 | 244 | |||
| $2,450,000 - $2,454,999 | 2 | $4,900,000 | $2,450,000 | $2,450,000 | 154 | |||
| $2,455,000 - $2,459,999 | 1 | $2,459,000 | $2,459,000 | $2,459,000 | 196 | |||
| $2,495,000 - $2,499,999 | 1 | $2,495,000 | $2,495,000 | $2,495,000 | 83 | |||
| $2,550,000 - $2,554,999 | 1 | $2,550,000 | $2,550,000 | $2,550,000 | 666 | |||
| $2,580,000 - $2,584,999 | 1 | $2,580,000 | $2,580,000 | $2,580,000 | 186 | |||
| $2,595,000 - $2,599,999 | 1 | $2,595,000 | $2,595,000 | $2,595,000 | 379 | |||
| $2,700,000 - $2,704,999 | 1 | $2,700,000 | $2,700,000 | $2,700,000 | 133 | |||
| $2,750,000 - $2,754,999 | 2 | $5,500,000 | $2,750,000 | $2,750,000 | 360 | |||
| $2,795,000 - $2,799,999 | 2 | $5,593,000 | $2,796,500 | $2,796,500 | 488 | |||
| $2,995,000 - $2,999,999 | 1 | $2,995,000 | $2,995,000 | $2,995,000 | 1179 | |||
| $3,495,000 - $3,499,999 | 1 | $3,495,000 | $3,495,000 | $3,495,000 | 229 | |||
| $3,800,000 - $3,804,999 | 1 | $3,800,000 | $3,800,000 | $3,800,000 | 482 | |||
| $3,895,000 - $3,899,999 | 1 | $3,899,900 | $3,899,900 | $3,899,900 | 519 | |||
| $3,995,000 - $3,999,999 | 2 | $7,994,999 | $3,997,500 | $3,997,500 | 175 | |||
| $4,495,000 - $4,499,999 | 3 | $13,485,000 | $4,495,000 | $4,495,000 | 417 | |||
| $4,750,000 - $4,754,999 | 1 | $4,750,000 | $4,750,000 | $4,750,000 | 55 | |||
| $4,950,000 - $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 570 | |||
| $5,250,000 - $5,254,999 | 1 | $5,250,000 | $5,250,000 | $5,250,000 | 593 | |||
| $5,400,000 - $5,404,999 | 1 | $5,400,000 | $5,400,000 | $5,400,000 | 264 | |||
| $5,500,000 - $5,504,999 | 2 | $11,000,000 | $5,500,000 | $5,500,000 | 495 | |||
| $5,595,000 - $5,599,999 | 1 | $5,595,000 | $5,595,000 | $5,595,000 | 237 | |||
| $5,895,000 - $5,899,999 | 1 | $5,895,000 | $5,895,000 | $5,895,000 | 89 | |||
| $5,950,000 - $5,954,999 | 1 | $5,950,000 | $5,950,000 | $5,950,000 | 137 | |||
| $5,995,000 - $5,999,999 | 3 | $17,985,000 | $5,995,000 | $5,995,000 | 297 | |||
| $6,250,000 - $6,254,999 | 1 | $6,250,000 | $6,250,000 | $6,250,000 | 989 | |||
| $6,500,000 - $6,504,999 | 1 | $6,500,000 | $6,500,000 | $6,500,000 | 53 | |||
| $7,495,000 - $7,499,999 | 1 | $7,495,000 | $7,495,000 | $7,495,000 | 556 | |||
| $7,750,000 - $7,754,999 | 1 | $7,750,000 | $7,750,000 | $7,750,000 | 61 | |||
| $9,495,000 - $9,499,999 | 1 | $9,495,000 | $9,495,000 | $9,495,000 | 574 | |||
| $11,250,000 - $11,254,999 | 1 | $11,250,000 | $11,250,000 | $11,250,000 | 518 | |||
| $100,000,000 - $100,004,999 | 1 | $100,000,000 | $100,000,000 | $100,000,000 | 843 | |||
| Sub Total | 131 | $380,431,555 | $2,904,058 | $1,399,000 | 291 | |||
| New | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $2,995,000 - $2,999,999 | 1 | $2,999,000 | $2,999,000 | $2,999,000 | 5 | |||
| Sub Total | 1 | $2,999,000 | $2,999,000 | $2,999,000 | 5 | |||
| Extended | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $4,950,000 - $4,954,999 | 1 | $4,950,000 | $4,950,000 | $4,950,000 | 270 | |||
| $32,500,000 - $32,504,999 | 1 | $32,500,000 | $32,500,000 | $32,500,000 | 76 | |||
| Sub Total | 2 | $37,450,000 | $18,725,000 | $18,725,000 | 173 | |||
| Price Raised | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $1,900,000 - $1,904,999 | 1 | $1,900,000 | $1,900,000 | $1,900,000 | 570 | |||
| Sub Total | 1 | $1,900,000 | $1,900,000 | $1,900,000 | 570 | |||
| Price Reduced | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $415,000 - $419,999 | 1 | $415,000 | $415,000 | $415,000 | 112 | |||
| Sub Total | 1 | $415,000 | $415,000 | $415,000 | 112 | |||
| Active/Pending-Call | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $455,000 - $459,999 | 1 | $459,000 | $459,000 | $459,000 | 3 | |||
| $4,995,000 - $4,999,999 | 1 | $4,995,000 | $4,995,000 | $4,995,000 | 268 | |||
| Sub Total | 2 | $5,454,000 | $2,727,000 | $2,727,000 | 136 | |||
| Active/Pending-Loan | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $395,000 - $399,999 | 1 | $399,900 | $399,900 | $399,900 | 153 | |||
| $775,000 - $779,999 | 1 | $775,000 | $775,000 | $775,000 | 52 | |||
| $795,000 - $799,999 | 1 | $799,000 | $799,000 | $799,000 | 88 | |||
| Sub Total | 3 | $1,973,900 | $657,967 | $775,000 | 98 | |||
| Active/Pending-Short Sale | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $445,000 - $449,999 | 1 | $445,000 | $445,000 | $445,000 | 406 | |||
| $1,495,000 - $1,499,999 | 1 | $1,495,000 | $1,495,000 | $1,495,000 | 138 | |||
| Sub Total | 2 | $1,940,000 | $970,000 | $970,000 | 272 | |||
| PENDING-No Show | ||||||||
| RESIDENTIAL | ||||||||
| Residential | ||||||||
| $400,000 - $404,999 | 1 | $400,000 | $400,000 | $400,000 | 109 | |||
| $560,000 - $564,999 | 1 | $560,900 | $560,900 | $560,900 | 81 | |||
| Sub Total | 2 | $960,900 | $480,450 | $480,450 | 95 | |||
| Grand Totals | 145 | $433,524,355 | $2,989,823 | $1,385,000 | 279 | |||
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