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.
Walter
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.