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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$2,842,500|
|Per Square Foot||$805|
|Days on Market||291|
|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.
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|