Below are the entries for this year’s Guess the Medians contest. For those who have been following along, this year we expanded the contest to include not only guessing the median sold price for Reno-Sparks houses sold in December 2011, but also the median sold price per square foot.
| reader | median sold price | median sold $/sq.ft. |
| Sully | $145,000 | $84.05 |
| Ed | $146,000 | $79.00 |
| Skippy | $148,500 | $82.11 |
| Zen | $152,625 | $87.24 |
| Grand Wazoo | $155,000 | $85.00 |
| RRB reader | $158,500 | $89.50 |
| Tom Joad | $159,800 | $90.25 |
| skeptical | $160,000 | $90.00 |
| MVC/RRBVIP | $167,500 | $94.50 |
| MikeZ | $172,250 | $97.42 |
| mackenzie childs | $174,000 | $101.05 |
| Move to Reno? | $174,471 | $101.00 |
| Free Falling | $180,000 | $100.00 |
| GreenNV | $187,000 | $106.00 |
| median of guesses | $159,900 | $90.13 |
The entries for this year’s contest are more concentrated than last year’s entries. The median of this year’s entries is $159,900, compared the median of last year’s entries, $168,125.
Good luck to everyone and thank you for playing!
Grand Wazoo
GreenNV, we all need at least a dime bag of what you’re smoking these days.
The public sector layoffs from the proposed bienium budget will bury the real estate prices in Reno for the next several years, same for Carson, less so for Las Vegas.
It is that bad, just wait.
Walter
Wazoo, there is among some people the sentiment that the housing market sort of exists in a vacum. An actual unemployment rate of almost 24% is not of concern. An unabated foreclosure tidal wave is not of concern. The largest deficit as a percentage of the total budget is not of concern. The highest per capita bankruptcy filing rate is not of concern. The coming huge public sector layoffs are not of concern.
The market is down 55% from the bubble high. That’s enough. It simply has to start getting better. All these realities are not of concern.
Hey, a couple of new businesses have moved into town that are going to hire 100 people at $8.00 an hour. All is well.
former frequent poster
I used to watch the Reno real estate market like a hawk. Bought a place with a million dollar view for just a portion of that value. Since then, I really don’t care on the direction of the market. I can make my payment indefinitely and don’t plan to move/sell for at least 10 years — hopefully longer.
I love it here. Drove up to Tahoe yesterday. Sorry, that beautiful drive/destination will never get old. Fed the blue jays and golden finches with feed from Green’s Feed, and watched jackrabbits prance around the backyard. This place rocks.
Ok, I admit that I do still come here frequently, and I do still watch the RE market to a lesser extent, but it’s only so that I can be aware if a great investment opportunity appears.
This epic housing bubble will take 20 years to mend itself, but, it just isn’t my concern right now. I don’t have a landlord to bug me, I have good neighbors. Life is good. Thanks RRB for all the great insight I gained that led me to make a purchase that I am very, very happy with.