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Sparks Nevada Market Report For March 2011

Sparks Nevada Market Report for March 2011

Prepared By Terrie Leighton, REALTOR®, Ferrari-Lund Real Estate in Northern Nevada

Market Report

 

Here are a few market statistics for homes sold in Sparks, Nevada during March 2010/2011:

Sparks Home

Single family homes sold in March 2011 = 146

Single family homes sold in March 2010= 144

Medium sold price in March 2011 = $164,000

Medium sold price in March 2010 = $162,801

Days on the market in March 2011 = 91

Days on the market in March 2010 = 108

 

Sparks, Nevada single family homes sold with special conditions, i.e. short sale or bank owned:

ClipArt short Sale Foreclosure

Short Sales:

 Short Sale properties sold in March 2011 = 45

Short Sale properties sold in March 2010 = 52

Days on the market in March 2011 = 191

Days on the market in March 2010 = 191

Medium sold price in March 2011 = $170,000

Medium sold price in March 2010 = $145,000

Bank Owned:

Bank Owned properties sold in March 2011 = 43

Bank Owned properties sold in March 2010 = 39

Days on the market in March 2011 = 77

Days on the market in March 2010 = 64

Medium sold price in March 2011 = $143,200

Medium sold price in March 2010 = $149,500

The Sparks Real Estate Market decreased by nearly 20% from 2010 to 2011. The number of units sold are slightly higher over the same time last year of single family homes sold.

The absorption rate has halted its increase and is remaining steady for the short term. This signals that demand/supply realities are not changing significantly. It is any ones guess if this trend will continue throughout 2011 and/or into 2012.

It is still a great time for Nevada home buyers to purchase. Home prices are low and inventory is high. Interest rates are still low and Nevada has many first time home buyer mortgage programs to choose from.

If you need help find a Northern Nevada Home to buy, contact me for all your real estate needs today. Search the MyRenoHomeSearch website for current listings in the Sparks, Nevada area any time!

Sparks Nevada Market Report For March 2011

Sparks Nevada Market Report for January 2011

*Disclaimer: Data based on information from NNRMLS. The NNRMLS does not guarantee nor is any way responsible for its accuracy. All real estate activity is not reflected in this post. Content is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Terrie Leighton or Ferrari-Lund Real Estate.

__________________________________________________________________________________________________

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 1 commentTerrie Leighton • April 08 2011 03:22PM
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