Sparks Nevada Market Report, August 2009, Spanish Springs East, Sparks, Nevada
This market report is for single family homes located in Spanish Springs East area of Sparks, Nevada. Homes located in Spanish Springs East, lie in the Wingfield Springs development. Developers started building homes in Wingfield Springs in the late 1990's. The homes in this market report were built between 1999 and 2005.
This report includes homes listed for sale and sold in area 183 in Sparks, Nevada 89436
Here are your market statistics for homes listed and sold during August, 2009 in Spanish Springs East, Sparks Nevada, 89436
Sold Activity:
~There were 32 single family homes soldin Wingfield Springs during August 2009.
~ Average days on the market were 95 days.
~ The average list price was $242,448.
~ The average sold price was $238,581.
~The average square footage of a home sold was approximately 2650 square feet.
~Of the 32 homes sold during August 2009, 11 were bank owned and 11 were short sale properties.
Current Listing Activity:
~There are 221 single family homes listed for sale in Wingfield Springs, Sparks Nevada. The average list price is $253,101.
~ Of the 221 homes currently listed, 128 are short sale listings and 22 are bank owned. The average list price for a short sale listing is $240,189. The average list price for a bank owned property is $233,154.
~ There are 84 homes pending in Wingfield Springs.
~There are 113 active homes listed with no special conditions, i.e. bank owned or short sale. The average list price in this category is $346,894.
~ The lowest home listed in Wingfield Springs, at the time of this report, is $129,000 and the highest listed home is $1,195,000.
Summary:
Sold = 32 Single Family Homes/Average Sold Price $242,448
Active = 221 Single Family Homes/Average List Price $252,101
Existing homes sales in Sparks, Nevada continue to post positive gains but the average price of homes sold are dropping as foreclosures and short sales maintain a strong influence on the market.
If you are a first time home buyer, a buyer who has not purchased a home in the last three years, you may still have time to qualify to the $8,000 First Time Home Buyers Tax Credit. With homes selling below $200,000, you may also qualify for an FHA mortgage and benefit from low interest rates.
If you are interested in buying or selling a home in Sparks, Nevada, feel free to call me at 775-846-5424 or email me at Terrieleighton@hotmail.com. You can also visit Serving Reno and Sparks to see a complete list of homes available for sale.
Sparks Nevada Market Report Spanish Springs East, August 2009
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Posted by Terrie Leighton. Terrie is a licensed real estate specialist in Northern Nevada. The information in this post is believed to be accurate.
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