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

The median sales price of October’s 406 houses sold was $172,775. This number represents a 2.2 percent increase over September’s median sold price of $169,000.

The number of houses sold in October (406) fell 12.3 percent from September’s 463 houses sold. Some of this decline may be attributed to the seasonal drop in buyer activity. Year-over-year, October’s sales show a very large decrease from October 2009’s 561 units sold; however, keep in mind, last year at this time the first-time homebuyers tax credit was in full swing.

For the third month in a row the median sold price per square foot was below the $100-level, coming in at $98.06/square-foot.

Active listings fell 1.8 percent this month, while Pendings dropped a hefty 6.9 percent from September.

October sales by type break out as follows:

  • Bank-owned properties: 32% – down from September’s 34%
  • Short sales: 31% – down from September’s 32%
  • Equity sales: 36% – up from September’s 33%

October sales by price band break out as follows:

sales price ($000’s) units sold
0 – 99 49
100 – 199 198
200 – 299 99
300 – 399 28
400 – 499 11
500 – 599 11
600 – 699 6
700 – 799 3
800 – 899 0
900 – 999 0
1M+ 1
total 406

For those readers who prefer the median sold price for houses and condos combined, October’s 475 sold houses, condos and town homes exhibited a combined median sold price of $160,000 – unchanged from September’s combined median of $160,000.

See all the data below.

Month Year # Sold Sold Price Sold Price per Sq Ft Average DOM # of Listings # of Pendings
Oct 2010 406 $172,775 $98.06 132 2,146 1,371
Sep 2010 463 $169,000 $97.52 132 2,186 1,473
Aug 2010 447 $180,000 $97.53 127 2,222 1,513
Jul 2010 412 $180,000 $101.74 129 2,158 1,580
Jun 2010 599 $170,000 $100.52 145 1,966 1,625
May 2010 449 $175,615 $102.37 138 1,789 1,804
Apr 2010 509 $179,990 $103.13 129    
Mar 2010 477 $175,000 $99.14 142    
Feb 2010 338 $170,000 $101.68 138    
Jan 2010 346 $167,000 $97.06 134    
Dec 2009 424 $178,000 $101.28 126    
Nov 2009 461 $175,000 $103.61 112    
Oct 2009 561 $180,000 $103.52 123    
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 426 $175,000 $102.29 139    
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    
Dec 2002 379 $193,500 unavailable 93    
Nov 2002 423 $190,000 unavailable 82    
Oct 2002 483 $189,900 unavailable 83    
Sep 2002 410 $174,000 unavailable 85    
Aug 2002 459 $180,000 unavailable 74    
Jul 2002 469 $176,000 unavailable 83    
Jun 2002 445 $185,000 unavailable 80    
May 2002 470 $178,450 unavailable 77    
Apr 2002 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    
Dec 2001 287 $182,000 unavailable 86    
Nov 2001 323 $161,500 unavailable 85    
Oct 2001 357 $166,500 unavailable 79    
Sep 2001 355 $168,000 unavailable 81    
Aug 2001 448 $160,350 unavailable 84    
Jul 2001 433 $169,900 unavailable 90    
Jun 2001 426 $166,225 unavailable 96    
May 2001 404 $162,050 unavailable 97    
Apr 2001 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    
Dec 2000 272 $156,500 unavailable 100    
Nov 2000 355 $154,500 unavailable 93    
Oct 2000 348 $153,000 unavailable 98    
Sep 2000 356 $160,000 unavailable 104    
Aug 2000 412 $163,375 unavailable 94    
Jul 2000 368 $155,000 unavailable 110    
Jun 2000 466 $165,845 unavailable 104    
May 2000 363 $158,000 unavailable 105    
Apr 2000 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    
Jun 1999 372 $150,000 unavailable 103    
May 1999 307 $145,500 unavailable 106    
Apr 1999 324 $151,700 unavailable 111    
Mar 1999 308 $151,000 unavailable 121    
Feb 1999 249 $148,900 unavailable 120    
Jan 1999 210 $143,000 unavailable 115    
Dec 1998 265 $140,000 unavailable 118    
Nov 1998 280 $152,800 unavailable 126    
Oct 1998 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 – November 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 General, Market Trends and tagged , , , , . Bookmark the permalink.

5 Responses to October median sold price, units, DOM, and $/sq.ft.

  1. Avatar Randy says:

    Here’s to hoping that the New Year pulls everyone out of their funk!

  2. Avatar Gail says:

    Well this thread has been up for more than 24 hours and there is not the usual pissing contest about what the 2.2% change from month to month means for the market. No testosterone contest about whether the market has “bottomed”.
    How refreshing.

  3. Avatar MikeZ says:

    No testosterone contest about whether the market has “bottomed”.

    No one has called a bottom, only stability.

  4. Avatar MikeZ's Vanishing Credibility says:

    I am torn on which way to go with this one. I could point out that MikeZ has indeed called the current stability “a bottom” before clarifying that it may not be “the bottom.” Pointing this out would fulfill my gadfly function of highlighting MikeZ’s annoying habit of changing terms and premises to suit the instant argument. On the other hand, I agree with him that none of the usual suspects has called an absolute bottom (Smarten has been accused of doing so, but any careful (and objective) reading of his posts should show that he recognizes the market could drop further).

    The data support the assertion that the market has been “stable” since May 2009, and that is the position that Smarten, MikeZ, et al. have taken. The problem arises from some people assuming that Smarten, MikeZ, et al. are claiming the market is healthy, something they do not claim. This problem has been exacerbated by the inability of a prolific, but ineffective, poster (I will not reveal the identity of such, but everyone will know who I mean) to properly articulate and support this simple proposition – a stable (or perhaps stagnant) market does not necessarily equate to a healthy market. In the current context, I do not believe anyone here (other than shills) would call this a healthy market, but I cannot see how anyone can continue to deny that it has been relatively stable (especialy with respect to the prior crash) for well over a year (not withstanding how poorly that position may have been present in the past by a certain poster).

  5. Avatar Reno Ignoramus says:

    Thanks Guy for your continuing to supply this info every month. Two other metrics of the market, besides median price, that have been consistent for the last year and a half are the price-band stats and the percentage of distressed sales. For the last 18 months 85% of all SFR sales have been for $300K or less. And two thirds of all sales have been either REOs or short sales.

Leave a Reply