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Sun Valley, North Reno Bank Owned still decreasing…

The total bank owned homes for Sun Valley/North Reno is currently at 27, it has been decreasing on a regular basis; some buyers are hoping the foreclosure moratorium that lifted will offer a better quiver of Reno bank owned-foreclosure homes as homes seem to be getting picked through. Reno Nv. (Nevada) bank owned homes-foreclosured is at 298 and is down a little but down none the less. Reno Nv. (Nevada) short sale sellers and Realtor’s of course are hoping the Reno bank owned homes get absorbed so the short sale homes will get sold quicker. Buyer’s are starting to feel trapped and don’t know what to make of all of these multiple offers and general Seller’s or should I say Banker’s Market we seem to be experiencing. Keep an eye on the heat map I have up under the Reno foreclosure overview category to get a sense of how many notice of defaults are in the hopper.Thanks,Ron BellBlogmaster/Broker SalespersonColdwell Banker Select Real Estate Reno

775-750-5256

ronbellrealtor@hotmail.com

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CMA Summary Report

RESIDENTIAL Summary Statistics
  High Low Average Median
LP: $251,900 $54,900 $124,018 $115,000
SP: $0 $0 $0 $0
RESIDENTIAL - Active
 Price  ADDRESS  BR  #GAR  ACR  SF  DOM  LP  $/SF  SP  $/SF
 
$54,900
 1955 Citron Avenue  2  0  0.17  680  19  $54,900  $80.74     
 
$59,900
 1585 Trainer Way  3   1  0.17  973  158  $59,900  $61.56     
 
$62,000
 1345 Butler Drive  3  2  0.10  1056  199  $62,000  $58.71     
 
$64,900
 702 Southworth Drive  3   1  0.14  1072  285  $64,900  $60.54     
 
$69,900
 802 Southworth Drive  3  0  0.14  1072  75  $69,900  $65.21     
 
$79,900
 3640 El Rancho Drive  3  0  0.35  1130  62  $79,900  $70.71     
 
$89,900
 265 Stratton Drive  3  3  0.34  1646  90  $89,900  $54.62     
 
$94,000
 3560 Scottsdale Road  3   1  0.06  1275  4  $94,000  $73.73     
 
$99,900
 275 Sugar Hill Drive  3   1  0.13  1335  3  $99,900  $74.83     
 
$104,900
 2580 Cannan Street  4  2  0.15  1517  236  $104,900  $69.15     
 
$109,000
 6993 Haydn Court  3  2  0.21  1161  5  $109,000  $93.88     
 
$109,900
 395 Talus Way  3  2  0.19  1200  9  $109,900  $91.58     
 
$114,500
 6310 Potomac Court  3  2  0.16  1064  16  $114,500  $107.61     
 
$115,000
 6330 Pima Court  3  2  0.16  1144  46  $115,000  $100.52     
 
$117,900
 5676 Peach Court  3  2  0.23  1265  9  $117,900  $93.20     
 
$123,500
 7109 Fantasia Court  3  2  0.17  1345  142  $123,500  $91.82     
 
$124,900
 6325 E Choctaw Court  3  2  0.20  1345  16  $124,900  $92.86     
 
$138,100
 1356 Butler  3  2  0.10  1940  46  $138,100  $71.19     
 
$139,900
 6405 Ottawa Court  4  2  0.22  1568  32  $139,900  $89.22     
 
$144,900
 3330 Clear Acre Lane  2  2  0.23  2172  55  $144,900  $66.71     
 
$145,000
 775 Rembrandt Court  3  2  0.15  1457  48  $145,000  $99.52     
 
$145,000
 6305 E Cree  3  2  0.30  1696  34  $145,000  $85.50     
 
$145,000
 7220 Leonardo Ct.  3  2  0.18  1505  20  $145,000  $96.35     
 
$199,000
 410 E Gepford Parkway  3  2  0.43  2296  65  $199,000  $86.67     
 
$219,900
 2820 Scottsdale Road  4  3  0.23  2440  10  $219,900  $90.12     
 
$224,900
 3446 Fairway Court  3  2  0.18  2308  32  $224,900  $97.44     
 
$251,900
 3272 Bentgrass  4  3  0.14  2881  90  $251,900  $87.43     
    Total Listings           Avg    Avg    Avg    Avg    Avg 
   27          66   $124,018   $81       
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