February median sold price, units, DOM, and $/sq.ft.

February’s median sold price rose to $171,500 after plunging five percent in January to $167,000.  Similarly, February’s sold price per square foot also came back from January’s plunge – rising to $101.42 from January’s record low $97.06.

The number of houses sold in February was a robust 330 units – a very strong showing for a February.

Speaking of short sales, February’s sales breakout was:

  • Bank-owned properties – 37%
  • Short sales – 35%
  • Equity sales – 26%

Short sales continue to comprise over a third of monthly sales.

For those readers who prefer the median sold price for houses and condos combined, February’s combined median sold price was $163,900; up 2.8 percent from January’s combined median of $159,400.

Month Year #Sold Sold Price Sold Price per SqFt Average DOM
Feb 2010 330 $171,500 $101.42 138
Jan 2010 334 $167,000 $97.06 133
Dec 2009 420 $176,500 $101.15 127
Nov 2009 460 $175,000 $103.51 112
Oct 2009 560 $180,000 $103.65 124
Sep 2009 520 $185,948 $103.31 128
Aug 2009 482 $179,900 $102.64 116
Jul 2009 515 $180,000 $103.45 126
Jun 2009 536 $180,317 $104.09 136
May 2009 425 $175,000 $102.31 139
Apr 2009 429 $190,000 $105.71 133
Mar 2009 369 $200,000 $105.85 133
Feb 2009 293 $205,000 $111.52 132
Jan 2009 233 $200,000 $113.04 117
Dec 2008 294 $218,950 $121.74 145
Nov 2008 269 $220,000 $122.24 152
Oct 2008 354 $230,000 $131.43 144
Sep 2008 358 $239,250 $136.72 145
Aug 2008 321 $250,000 $142.14 140
Jul 2008 397 $251,000 $145.48 139
Jun 2008 369 $262,500 $148.05 142
May 2008 314 $260,215 $152.30 134
Apr 2008 314 $275,000 $154.05 172
Mar 2008 238 $274,000 $150.93 166
Feb 2008 195 $289,000 $156.48 149
Jan 2008 165 $285,000 $170.23 146
Dec2007 228 $283,950 $167.22 143
Nov2007 204 $299,750 $172.24 126
Oct2007 241 $296,000 $173.55 116
Sep2007 230 $299,945 $179.46 114
Aug2007 311 $305,000 $182.49 118
Jul2007 300 $315,000 $189.78 113
Jun2007 329 $320,000 $196.78 104
May2007 364 $313,200 $190.81 107
Apr2007 320 $309,500 $193.93 121
Mar2007 324 $315,000 $189.61 121
Feb 2007 269 $315,000 $191.18 126
Jan 2007 245 $312,900 $199.79 133
Dec2006 291 $309,000 $193.51 114
Nov2006 281 $318,000 $197.32 111
Oct 2006 363 $312,400 $201.44 105
Sep2006 344 $314,950 $198.08 98
Aug2006 349 $325,000 $210.92 94
Jul2006 373 $335,000 $210.62 93
Jun2006 424 $339,000 $214.54 91
May2006 374 $339,950 $219.05 99
Apr2006 368 $334,600 $212.08 88
Mar2006 387 $340,000 $215.54 99
Feb 2006 283 $335,000 $217.29 101
Jan 2006 274 $365,000 $216.38 98
Dec2005 333 $355,000 $217.31 89
Nov2005 385 $349,000 $220.00 81
Oct2005 484 $359,450 $223.06 77
Sep2005 531 $354,500 $219.26 77
Aug2005 582 $360,500 $220.52 73
Jul2005 608 $353,000 $218.99 71
Jun2005 679 $350,000 $215.69 69
May2005 644 $333,250 $209.95 68
Apr2005 558 $326,750 $207.57 77
Mar2005 584 $325,000 $200.17 81
Feb 2005 342 $318,500 $197.54 88
Jan 2005 341 $310,000 $195.19 85
Dec2004 450 $312,500 $190.72 77
Nov2004 448 $309,950 $191.62 63
Oct2004 512 $299,250 $188.72 53
Sep2004 496 $292,750 $185.78 61
Aug2004 505 $285,000 $182.95 56
Jul2004 544 $304,300 $179.28 61
Jun2004 533 $285,000 $172.16 65
May2004 476 $278,750 $169.64 65
Apr2004 526 $259,950 $158.08 67
Mar2004 508 $245,000 $142.56 71
Feb 2004 365 $237,000 unavailable 81
Jan 2004 379 $229,000 unavailable 78
Dec2003 441 $240,000 unavailable 82
Nov2003 444 $220,750 unavailable 78
Oct2003 430 $219,880 unavailable 76
Sep2003 587 $223,000 unavailable 71
Aug2003 512 $220,000 unavailable 75
Jul2003 533 $210,000 unavailable 77
Jun2003 475 $207,000 unavailable 77
May2003 450 $198,950 unavailable 85
Apr2003 478 $197,750 unavailable 82
Mar 2003 428 $192,000 unavailable 77
Feb 2003 321 $186,895 unavailable 79
Jan 2003 316 $186,000 unavailable 96
Dec2002 379 $193,500 unavailable 93
Nov2002 423 $190,000 unavailable 82
Oct2002 483 $189,900 unavailable 83
Sep2002 410 $174,000 unavailable 85
Aug2002 459 $180,000 unavailable 74
Jul2002 469 $176,000 unavailable 83
Jun2002 445 $185,000 unavailable 80
May2002 470 $178,450 unavailable 77
Apr2002 360 $169,500 unavailable 93
Mar 2002 377 $169,000 unavailable 84
Feb 2002 323 $170,900 unavailable 89
Jan 2002 268 $172,475 unavailable 99
Dec2001 287 $182,000 unavailable 86
Nov2001 323 $161,500 unavailable 85
Oct2001 357 $166,500 unavailable 79
Sep2001 355 $168,000 unavailable 81
Aug2001 448 $160,350 unavailable 84
Jul2001 433 $169,900 unavailable 90
Jun2001 426 $166,225 unavailable 96
May2001 404 $162,050 unavailable 97
Apr2001 370 $158,750 unavailable 94
Mar 2001 385 $159,900 unavailable 97
Feb 2001 294 $159,950 unavailable 103
Jan 2001 264 $165,000 unavailable 102
Dec2000 272 $156,500 unavailable 100
Nov2000 355 $154,500 unavailable 93
Oct 2000 348 $153,000 unavailable 98
Sep2000 356 $160,000 unavailable 104
Aug2000 412 $163,375 unavailable 94
Jul2000 368 $155,000 unavailable 110
Jun2000 466 $165,845 unavailable 104
May2000 363 $158,000 unavailable 105
Apr2000 312 $155,000 unavailable 113
Mar 2000 339 $162,700 unavailable 102
Feb 2000 244 $149,620 unavailable 110
Jan 2000 217 $156,000 unavailable 112
Dec 1999 264 $155,000 unavailable 118
Nov 1999 293 $149,900 unavailable 98
Oct 1999 289 $147,895 unavailable 108
Sep 1999 311 $157,000 unavailable 106
Aug 1999 360 $148,500 unavailable 112
Jul 1999 375 $147,800 unavailable 105
Jun1999 372 $150,000 unavailable 103
May 1999 307 $145,500 unavailable 106
Apr1999 324 $151,700 unavailable 111
Mar 1999 308 $151,000 unavailable 121
Feb1999 249 $148,900 unavailable 120
Jan 1999 210 $143,000 unavailable 115
Dec 1998 265 $140,000 unavailable 118
Nov 1998 279 $153,000 unavailable 126
Oct1998 286 $142,825 unavailable 115
Sep 1998 279 $144,500 unavailable 102
Aug 1998 331 $145,000 unavailable 113
Jul 1998 335 $150,000 unavailable 108
Jun 1998 351 $148,500 unavailable 103
May 1998 302 $145,500 unavailable 99
Apr 1998 235 $149,000 unavailable 111
Mar 1998 267 $142,500 unavailable 114
Feb 1998 201 $139,900 unavailable 126
Jan 1998 165 $149,490 unavailable 131

Note: The medians table above is updated on a monthly basis. The median home price data reported covers the cities of Reno, Nevada and Sparks, Nevada [NNRMLS Area #100]. Residential data includes Site/Stick Built properties only. Data excludes Condo/Townhouse, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – March 2010.  Note: This information is deemed reliable, but not guaranteed.

Avatar

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
This entry was posted in Agent Insights, Market Trends and tagged , , , , , , , , , . Bookmark the permalink.

51 Responses to February median sold price, units, DOM, and $/sq.ft.

  1. Avatar Walter says:

    He must have meant that those places are undervalued by 25% if you consider 2005-2007 normal. Take the top of the biggest bubble in history and call that normal.

    Otherwise it is an absurd statement.

Leave a Reply