Sparks Nevada Market Report, July 2009, Spanish Springs East, Sparks Nevada

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Real Estate Agent with Ferrari-Lund Real Estate 61129

Sparks Nevada Market Report, July 2009, Spanish Springs East

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 and sold in the price range of $100,000 to $200,000.

http://sellingrenoandsparks.com/

Here are your basic market statistics for homes listed and sold in Spanish Springs East, Sparks Nevada.

Zip Code 89436 ~ Area 183

Sold Activity:

~There were 14 homes sold during the month of July 2009 in Wingfield Springs.

~The average days on the market was 128 days.

~The average list price was $162,500.

~The average sold price was $153,750.

~ The average price per square foot for a home sold in July 2009 in Wingfield Springs was $85.42

~The average square footage of a home sold was 1,800 square feet.

~Of the 14 homes sold during July 2009, 6 were bank owned and 6 were short sale properties.

Current listings within the $100,000 to $200,00 price range:

~There are 71 active listings in this price range in Wingfield Springs.

~Of the 71 homes currently listed in Wingfield Springs, 14 homes are bank owned properties.

~Of the 71 homes currently listed, 51 of these homes are short sale properties.

~Of the 71 active listings, 40 are pending short sale approval.

Summary:

Existing homes sales in Sparks, Nevada continue to post positive gains but the average price of homes sold are dropping as foreclosures 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.

Search the MLS for Properties here in Northern Nevada

Read the Northern Nevada Real Estate Blog

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Your Home. My Priority. Since 2003

Certified Distressed Property Expert (CDPE)
Certified Default Resolution Specialist (CDRS)
Short Sales & Foreclosure Resource ~ Certified (SFR)
NAR's Green Designation ~ Certified Green
Certifed Negotiation Expert (CNE)
Property Manager

Ferrari-Lund Real Estate

 Cell ~ 775.846.5424

Email ~ Terrie@terrieleighton.com

 

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Location:
Nevada Washoe County Sparks Wingfield Springs
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Tags:
real estate in nevada
northern nevada homes for sale
july 2009
sparks nevada market report
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Ambassador
1,091,244
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Looks like this area still has a high inventory although the DOM are not too bad.

Aug 17, 2009 11:02 AM #1
Rainmaker
629,317
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Wow Terrie, Great snapshot of this market.  I'm surprised that more than half are short sales, it seems like a great time to be a first time home buyer --if they can find a home quickly before that incentive expires.

Aug 17, 2009 11:04 AM #2
Rainmaker
262,234
Christianne O'Malley
RE/MAX Realty Affiliates - Reno, NV
Exceptional Service - Delivering Results in Reno!

Terrie - I really like your image snapshots. And your data is pretty awesome too! I wish we could break our information down by area. We have to do that manually since we are more rural.

Aug 17, 2009 11:11 AM #3
Rainmaker
3,198,603
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Terrie, I just posted my mid month report...great minds think alike like I said....he hee

Aug 18, 2009 01:46 AM #4
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Terrie Leighton

Reno Real Estate Agent ~ Selling Homes in Reno
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