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Greater Reno Area Home Sold Prices Summary - February, 2009

Posted by Mitch Argon - CalNeva Realty on Monday, March 9th, 2009 at 1:00pm.

Reno Metro Area Home Sold Summary - February, 2009

The summary below hilights statistics for homes (no condos or manufactured homes) sold during February, 2009.  I have broken out the categories by NONE (no bank restrictions), REO (bank owned foreclosure), and Short Sale (requiring bank approval).

Note that the "Days on Market" number includes the escrow period as well which typically runs 30-40 days for all but Short Sales which could be 120 days.  The "Average % Sold to List" represents the discount that homes are selling for off of the final list price (not factoring in any price reductions from the original list price).

 

           
City   NONE REO Short Sale Totals
Reno Quantity Sold 54 93 27 174
  Average Sold Price 363,322 204,779 229,300 257,787
  Average Days on Market 195 110 184 148
  Average % SOLD to LIST 92% 95% 96% 94%
Sparks Quantity Sold 25 61 14 100
  Average Sold Price 225,977 190,459 202,214 200,984
  Average Days on Market 120 96 151 109
  Average % SOLD to LIST 95% 98% 98% 97%
Sun Valley Quantity Sold   7 1 8
  Average Sold Price   139,243 166,000 142,588
  Average Days on Market   84 65 82
  Average % SOLD to LIST   100% 104% 101%
Carson City Quantity Sold 8 8 3 19
  Average Sold Price 284,113 217,377 226,083 246,851
  Average Days on Market 205 97 233 164
  Average % SOLD to LIST 96% 94% 83% 93%
Minden Quantity Sold 2 2 2 6
  Average Sold Price 287,563 266,000 272,500 275,354
  Average Days on Market 31 93 107 77
  Average % SOLD to LIST 97% 95% 85% 92%
Gardnerville Quantity Sold 3 9 2 14
  Average Sold Price 274,667 212,544 154,500 217,564
  Average Days on Market 123 130 237 144
  Average % SOLD to LIST 95% 97% 98% 97%
Genoa Quantity Sold 2     2
  Average Sold Price 582,500     582,500
  Average Days on Market 143     143
  Average % SOLD to LIST 91%     91%
Dayton Quantity Sold 3 8 2 13
  Average Sold Price 151,607 171,000 177,625 167,544
  Average Days on Market 115 64 180 94
  Average % SOLD to LIST 100% 98% 96% 98%
Fernley Quantity Sold 3 33 3 39
  Average Sold Price 118,167 117,109 151,667 119,849
  Average Days on Market 107 120 248 129
  Average % SOLD to LIST 96% 97% 99% 97%

 

Looking For Foreclosures?

See the resources below that will help you to learn more about this market segment and how to get a list of new and price reduced foreclosures by email - every day. If you have any questions, please feel free to call Mitch Argon at 775-315-4424.

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