Selling Reno And Sparks Real Estate Blog: December 2009

Sparks Nevada Market Report For November 2009

Sparks Nevada Market Report For November 2009 ~ Washoe County Nevada

Sparks Nevada Market Report

Here are your market statistics for single family homes in Sparks, Nevada for November 2009:

Sold = 114 Single Family Homes

Average Sold Price = $179,783

There were 144 single family homes sold in November 2009. During the month of October 2009, there were 145 single family homes sold and in September 2009, 160 single family homes were sold.

The average sold price in November was $179,783, down just $3,000 from October. The average sold price of a single family home during October was $182,584. The average number of days these homes were on the market was 109 days.

Bank Owned Sold Properties = 48

Average Bank Owned Sold Price = $163,826

Out of the 144 single family homes that sold during November 2009, 48 were bank owned and sold for an average price of $163,826 while spending an average of just 69 days on the market.

Short Sale Properties Sold = 43

Average Sold Short Sale Price = $170,127

There were 43 short sale properties sold (homes that required third party approvals) during November. The average sold price of a short sale property was $170,127 and spent an average of 175 days listed in the Northern Nevada Regional Multiple Listing Service.   The average sold price of a short sale during the month of October 2009 was $188,000.

Out of the 144 single family homes that were sold in November 2009, only 53 were sold without special conditions. The other 91 homes sold were either bank owned or required third party approval. These numbers show us the current real estate market in Sparks, Nevadais still being influenced by these special conditions. As long as this happens, I believe we will continue to see a decline in the home prices of single family homes.

Currently Listed = 836 Single Family Residences in Sparks Nevada

Currently Available = 368

Average List Price = $207,711

If you are looking for a home in Sparks, Nevada, currently we have 836 single family homes listed for sale. But only 474 are available and active. The other 368 single family homes are pending short sale approval.

If you are looking for a bank owned propertyor foreclosed property in Sparks, Nevada, we have 39 active single family bank owned properties with an average list price of $185,019.

If you are looking for a short sale property, one that requires a third party approval and will not close quickly, you will find at least 124 currently listed for sale in the Northern Nevada Regional MLS. The average Price of one these properties is $187,628.

Please remember the numbers in this market report are derived from the NNRMLS and are believed to be accurate, but they are not guaranteed!

Sparks Nevada Market Report For November 2009

 

__________________________________________________________________________________________________

REALTOR®

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

Ferrari-Lund Real Estate

775.846.5424

 

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Comment balloon 7 commentsTerrie Leighton • December 09 2009 11:24PM
Sparks Nevada Market Report For November 2009
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Sparks Nevada Market Report For November 2009 ~ Washoe County Nevada Here are your market statistics for single family homes in Sparks, Nevada for November 2009: Sold = 114 Single Family Homes Average Sold Price = $179, 783 &… more
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