NV Weekly Market Report

June 17, 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.

After a slight increase in the Market Activity Ratio a couple of weeks ago, Nevada fell back to 11.3% this past week with the Active Listings up by 3 and the Pending Sales down by 4.  The number of completed transactions or Sales was zero and the YTD is 35 with the Median Price at $515,000, Average Sales Price at $881,072 and the Days On Market at 166 days.  Most of the Nevada inventory is priced above the $400K area which is like the CA counter part is experiencing sluggish sales.

Status Class Type Price Range No. of Listings Dollar Volume Average Price Median Price Average DOM
                 
ACTIVE                
  RESIDENTIAL              
    Residential            
      $295,000 - $299,999 1 $295,000 $295,000 $295,000 109
      $350,000 - $354,999 1 $350,000 $350,000 $350,000 265
      $375,000 - $379,999 1 $379,900 $379,900 $379,900 239
      $385,000 - $389,999 1 $387,500 $387,500 $387,500 78
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 70
      $425,000 - $429,999 2 $850,000 $425,000 $425,000 279
      $525,000 - $529,999 1 $529,000 $529,000 $529,000 193
      $545,000 - $549,999 1 $549,000 $549,000 $549,000 261
      $575,000 - $579,999 2 $1,154,000 $577,000 $577,000 162
      $585,000 - $589,999 1 $589,000 $589,000 $589,000 490
      $590,000 - $594,999 1 $594,000 $594,000 $594,000 33
      $595,000 - $599,999 8 $4,784,475 $598,059 $599,000 121
      $625,000 - $629,999 1 $625,000 $625,000 $625,000 150
      $640,000 - $644,999 1 $644,000 $644,000 $644,000 138
      $645,000 - $649,999 2 $1,290,000 $645,000 $645,000 338
      $675,000 - $679,999 1 $675,000 $675,000 $675,000 321
      $685,000 - $689,999 1 $689,500 $689,500 $689,500 312
      $745,000 - $749,999 2 $1,494,900 $747,450 $747,450 533
      $750,000 - $754,999 1 $750,000 $750,000 $750,000 359
      $775,000 - $779,999 1 $775,000 $775,000 $775,000 83
      $795,000 - $799,999 3 $2,393,057 $797,686 $799,000 286
      $845,000 - $849,999 1 $849,999 $849,999 $849,999 220
      $875,000 - $879,999 1 $875,000 $875,000 $875,000 29
      $895,000 - $899,999 5 $4,480,500 $896,100 $895,000 252
      $925,000 - $929,999 2 $1,850,000 $925,000 $925,000 154
      $960,000 - $964,999 1 $960,000 $960,000 $960,000 637
      $995,000 - $999,999 2 $1,990,000 $995,000 $995,000 257
      $1,085,000 - $1,089,999 1 $1,088,000 $1,088,000 $1,088,000 276
      $1,095,000 - $1,099,999 1 $1,095,000 $1,095,000 $1,095,000 834
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 52
      $1,190,000 - $1,194,999 1 $1,190,000 $1,190,000 $1,190,000 60
      $1,195,000 - $1,199,999 2 $2,394,000 $1,197,000 $1,197,000 533
      $1,200,000 - $1,204,999 1 $1,200,000 $1,200,000 $1,200,000 686
      $1,250,000 - $1,254,999 1 $1,250,000 $1,250,000 $1,250,000 385
      $1,275,000 - $1,279,999 1 $1,275,000 $1,275,000 $1,275,000 338
      $1,295,000 - $1,299,999 1 $1,295,000 $1,295,000 $1,295,000 644
      $1,300,000 - $1,304,999 2 $2,600,000 $1,300,000 $1,300,000 300
      $1,350,000 - $1,354,999 1 $1,350,000 $1,350,000 $1,350,000 84
      $1,375,000 - $1,379,999 1 $1,375,000 $1,375,000 $1,375,000 279
      $1,385,000 - $1,389,999 1 $1,385,000 $1,385,000 $1,385,000 670
      $1,395,000 - $1,399,999 1 $1,399,000 $1,399,000 $1,399,000 525
      $1,495,000 - $1,499,999 1 $1,495,000 $1,495,000 $1,495,000 7
      $1,500,000 - $1,504,999 1 $1,500,000 $1,500,000 $1,500,000 812
      $1,600,000 - $1,604,999 1 $1,600,000 $1,600,000 $1,600,000 189
      $1,695,000 - $1,699,999 2 $3,390,000 $1,695,000 $1,695,000 151
      $1,750,000 - $1,754,999 1 $1,750,000 $1,750,000 $1,750,000 180
      $1,775,000 - $1,779,999 1 $1,775,000 $1,775,000 $1,775,000 382
      $1,795,000 - $1,799,999 1 $1,795,000 $1,795,000 $1,795,000 15
      $1,950,000 - $1,954,999 1 $1,950,000 $1,950,000 $1,950,000 41
      $1,975,000 - $1,979,999 1 $1,975,000 $1,975,000 $1,975,000 321
      $1,985,000 - $1,989,999 1 $1,985,000 $1,985,000 $1,985,000 13
      $1,995,000 - $1,999,999 1 $1,999,000 $1,999,000 $1,999,000 57
      $2,095,000 - $2,099,999 1 $2,095,000 $2,095,000 $2,095,000 421
      $2,100,000 - $2,104,999 1 $2,100,000 $2,100,000 $2,100,000 728
      $2,125,000 - $2,129,999 1 $2,125,000 $2,125,000 $2,125,000 394
      $2,150,000 - $2,154,999 1 $2,150,000 $2,150,000 $2,150,000 148
      $2,275,000 - $2,279,999 1 $2,275,000 $2,275,000 $2,275,000 566
      $2,295,000 - $2,299,999 1 $2,295,000 $2,295,000 $2,295,000 303
      $2,300,000 - $2,304,999 1 $2,300,000 $2,300,000 $2,300,000 29
      $2,400,000 - $2,404,999 1 $2,400,000 $2,400,000 $2,400,000 1013
      $2,455,000 - $2,459,999 1 $2,459,000 $2,459,000 $2,459,000 336
      $2,490,000 - $2,494,999 1 $2,490,000 $2,490,000 $2,490,000 408
      $2,495,000 - $2,499,999 1 $2,495,000 $2,495,000 $2,495,000 819
      $2,550,000 - $2,554,999 1 $2,550,000 $2,550,000 $2,550,000 21
      $2,595,000 - $2,599,999 1 $2,599,000 $2,599,000 $2,599,000 618
      $2,785,000 - $2,789,999 1 $2,785,000 $2,785,000 $2,785,000 155
      $2,795,000 - $2,799,999 1 $2,795,000 $2,795,000 $2,795,000 49
      $2,900,000 - $2,904,999 1 $2,900,000 $2,900,000 $2,900,000 53
      $2,995,000 - $2,999,999 1 $2,999,000 $2,999,000 $2,999,000 161
      $3,300,000 - $3,304,999 1 $3,300,000 $3,300,000 $3,300,000 675
      $3,495,000 - $3,499,999 1 $3,495,000 $3,495,000 $3,495,000 385
      $3,500,000 - $3,504,999 1 $3,500,000 $3,500,000 $3,500,000 318
      $3,800,000 - $3,804,999 1 $3,800,000 $3,800,000 $3,800,000 638
      $3,950,000 - $3,954,999 1 $3,950,000 $3,950,000 $3,950,000 122
      $3,990,000 - $3,994,999 1 $3,990,000 $3,990,000 $3,990,000 948
      $3,995,000 - $3,999,999 2 $7,990,000 $3,995,000 $3,995,000 47
      $4,495,000 - $4,499,999 1 $4,495,000 $4,495,000 $4,495,000 349
      $4,600,000 - $4,604,999 1 $4,600,000 $4,600,000 $4,600,000 368
      $4,680,000 - $4,684,999 1 $4,680,000 $4,680,000 $4,680,000 40
      $4,700,000 - $4,704,999 1 $4,700,000 $4,700,000 $4,700,000 33
      $4,750,000 - $4,754,999 1 $4,750,000 $4,750,000 $4,750,000 211
      $4,775,000 - $4,779,999 1 $4,778,000 $4,778,000 $4,778,000 12
      $4,950,000 - $4,954,999 4 $19,800,000 $4,950,000 $4,950,000 607
      $4,975,000 - $4,979,999 1 $4,975,000 $4,975,000 $4,975,000 10
      $4,995,000 - $4,999,999 2 $9,990,000 $4,995,000 $4,995,000 432
      $5,300,000 - $5,304,999 1 $5,300,000 $5,300,000 $5,300,000 92
      $5,500,000 - $5,504,999 1 $5,500,000 $5,500,000 $5,500,000 114
      $5,695,000 - $5,699,999 1 $5,695,000 $5,695,000 $5,695,000 420
      $5,900,000 - $5,904,999 1 $5,900,000 $5,900,000 $5,900,000 209
      $5,950,000 - $5,954,999 1 $5,950,000 $5,950,000 $5,950,000 293
      $6,495,000 - $6,499,999 1 $6,495,000 $6,495,000 $6,495,000 712
      $7,750,000 - $7,754,999 1 $7,750,000 $7,750,000 $7,750,000 210
      $7,975,000 - $7,979,999 1 $7,975,000 $7,975,000 $7,975,000 13
      $9,750,000 - $9,754,999 1 $9,750,000 $9,750,000 $9,750,000 674
      $19,250,000 - $19,254,999 1 $19,250,000 $19,250,000 $19,250,000 226
      $100,000,000 - $100,004,999 1 $100,000,000 $100,000,000 $100,000,000 999
      Sub Total 123 $386,582,831 $3,142,950 $1,399,000 301
New                
  RESIDENTIAL              
    Residential            
      $325,000 - $329,999 1 $327,900 $327,900 $327,900 2
      $2,845,000 - $2,849,999 1 $2,845,000 $2,845,000 $2,845,000 2
      Sub Total 2 $3,172,900 $1,586,450 $1,586,450 2
Back On Market                
  RESIDENTIAL              
    Residential            
      $280,000 - $284,999 1 $284,900 $284,900 $284,900 19
      Sub Total 1 $284,900 $284,900 $284,900 19
Extended                
  RESIDENTIAL              
    Residential            
      $845,000 - $849,999 1 $849,000 $849,000 $849,000 183
      $975,000 - $979,999 1 $975,000 $975,000 $975,000 355
      $1,245,000 - $1,249,999 1 $1,249,000 $1,249,000 $1,249,000 366
      $1,400,000 - $1,404,999 1 $1,400,000 $1,400,000 $1,400,000 181
      $1,995,000 - $1,999,999 1 $1,995,000 $1,995,000 $1,995,000 372
      $2,190,000 - $2,194,999 1 $2,190,000 $2,190,000 $2,190,000 336
      $2,595,000 - $2,599,999 1 $2,595,000 $2,595,000 $2,595,000 513
      Sub Total 7 $11,253,000 $1,607,571 $1,400,000 329
Price Reduced                
  RESIDENTIAL              
    Residential            
      $560,000 - $564,999 1 $564,500 $564,500 $564,500 33
      $2,225,000 - $2,229,999 1 $2,225,000 $2,225,000 $2,225,000 400
      Sub Total 2 $2,789,500 $1,394,750 $1,394,750 217
Active/Pending-Call                
  RESIDENTIAL              
    Residential            
      $415,000 - $419,999 1 $415,000 $415,000 $415,000 218
      $595,000 - $599,999 1 $599,500 $599,500 $599,500 97
      $3,490,000 - $3,494,999 1 $3,490,000 $3,490,000 $3,490,000 94
      Sub Total 3 $4,504,500 $1,501,500 $599,500 136
Active/Pending-Loan                
  RESIDENTIAL              
    Residential            
      $275,000 - $279,999 1 $279,900 $279,900 $279,900 76
      $360,000 - $364,999 1 $360,000 $360,000 $360,000 126
      $380,000 - $384,999 1 $384,900 $384,900 $384,900 104
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 88
      $410,000 - $414,999 1 $410,900 $410,900 $410,900 203
      $795,000 - $799,999 1 $795,000 $795,000 $795,000 93
      Sub Total 6 $2,629,700 $438,283 $391,950 115
Active/Pending-Short Sale                
  RESIDENTIAL              
    Residential            
      $500,000 - $504,999 2 $1,000,000 $500,000 $500,000 245
      $550,000 - $554,999 1 $550,000 $550,000 $550,000 231
      $555,000 - $559,999 1 $559,000 $559,000 $559,000 552
      $650,000 - $654,999 1 $650,000 $650,000 $650,000 333
      $840,000 - $844,999 1 $840,000 $840,000 $840,000 99
      $1,995,000 - $1,999,999 1 $1,995,000 $1,995,000 $1,995,000 21
      Sub Total 7 $5,594,000 $799,143 $559,000 247
SOLD                
  RESIDENTIAL              
    Residential            
      $180,000 - $184,999 1 $181,900 $181,900 $181,900 34
      $220,000 - $224,999 1 $220,221 $220,221 $220,221 47
      $250,000 - $254,999 1 $250,000 $250,000 $250,000 93
      $280,000 - $284,999 1 $280,000 $280,000 $280,000 199
      $325,000 - $329,999 1 $327,500 $327,500 $327,500 118
      $335,000 - $339,999 1 $335,000 $335,000 $335,000 420
      $355,000 - $359,999 2 $715,910 $357,955 $357,955 154
      $375,000 - $379,999 1 $375,000 $375,000 $375,000 55
      $395,000 - $399,999 1 $399,000 $399,000 $399,000 41
      $435,000 - $439,999 1 $439,000 $439,000 $439,000 131
      $450,000 - $454,999 2 $900,000 $450,000 $450,000 60
      $485,000 - $489,999 2 $973,000 $486,500 $486,500 342
      $500,000 - $504,999 1 $500,000 $500,000 $500,000 49
      $510,000 - $514,999 1 $510,000 $510,000 $510,000 551
      $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 $542,000 137
      $545,000 - $549,999 1 $545,000 $545,000 $545,000 20
      $575,000 - $579,999 1 $575,000 $575,000 $575,000 86
      $600,000 - $604,999 1 $603,000 $603,000 $603,000 98
      $625,000 - $629,999 1 $629,000 $629,000 $629,000 79
      $630,000 - $634,999 1 $630,000 $630,000 $630,000 349
      $705,000 - $709,999 1 $705,999 $705,999 $705,999 202
      $715,000 - $719,999 1 $715,000 $715,000 $715,000 102
      $770,000 - $774,999 1 $770,000 $770,000 $770,000 97
      $780,000 - $784,999 1 $781,000 $781,000 $781,000 100
      $950,000 - $954,999 1 $950,000 $950,000 $950,000 40
      $1,100,000 - $1,104,999 1 $1,100,000 $1,100,000 $1,100,000 53
      $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
      $4,800,000 - $4,804,999 1 $4,800,000 $4,800,000 $4,800,000 267
      Sub Total 35 $30,837,530 $881,072 $515,000 166
PENDING-No Show                
  RESIDENTIAL              
    Residential            
      $745,000 - $749,999 1 $749,000 $749,000 $749,000 148
      Sub Total 1 $749,000 $749,000 $749,000 148
                 
Grand Totals 187 $448,397,861 $2,397,850 $975,000 260