Torry Johnson's Market Report

Glenbrook, NV

Single-Family Homes

775.790.4637 | tjohnson@chaseinternational.com | www.torryjohnson.com



Glenbrook, NV

Fri Feb 28 2020
This week the median list price for Glenbrook, NV is $2,842,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has held steady at or around 16. Click here to stay informed with the Glenbrook market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Glenbrook, NV

Fri Feb 28 2020
This week the median list price for Glenbrook, NV is $2,842,500 with the market action index hovering around 26. This is an increase over last month's market action index of 25. Inventory has held steady at or around 16. Click here to stay informed with the Glenbrook market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Glenbrook market.
Median List Price $2,842,500
Per Square Foot $805
Days on Market 291
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Most Expensive $8,495,000
Least Expensive $949,500
Market Action 26
Slight Buyer's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,700,000 5,634 0.5 - 1 acre 5 4 19 0 1 402
$3,622,500 5,366 0.5 - 1 acre 4 4 21 0 0 183
$2,472,500 3,518 0.5 - 1 acre 4 3 40 0 0 437
$1,472,500 2,841 8,000 - 10,000 sqft 3 3 46 0 0 138