Northern Nevada Real Estate Blog

              Reno Nevada Market Statistics for December 2009     

Here are your market statistics for single family homes sold in Reno, Nevada for December 2009:

Sold = 240

Average Sold Price = $233,431

Days on the Market = 132

There were 240 sinlge family homes sold in Reno, Nevadaduring the month of December 2009. Out of the 240 that were sold, 85 homes were bank owned/foreclosures and sold at an average price of $185,000. These homes on lasted on the market 88 days. We saw many bank owned properties list at lower prices, receive multilple offers that resulted in a higher sold price.

There were 65 short sale properties that closed during December. The average sold price was $239,000 and these properties took an average of 203 days to close. It is easy to see why the bank owned properties were receiving multiple offers, they were selling at lower prices and taking half the time to close.

Current Reno, Nevada single family residence listings:

Active = 1818

Available = 962

No Special Conditions = 574

Bank Owned = 100

Short Sale = 288

If you are looking to buy a home in Reno, Nevada this year, it is important to decide what type of property you are interested in before you start your home search. With 1818 properties showing active in the Northern Nevada Regional Multiple Listing Service there are only about half of those that are actually available to you.

This reports show you the length of time it has taken homes to close. If you are looking for a Nevada foreclosure, you will want to consider choosing more than one property to buy. Many investors, buyers are making offers and a lot time your offer will not be chosen. You will then need to look for another property to make an offer on.

If you are interested in purchasing a short sale, you must be willing to wait sometimes up to 6 months for receive an approval for a third party. Many buyers find this wait process very frustrating. Not knowing when they will be in their new home,  and not knowing what the interest rate will when once your offer is approved,  be is not for everyone.

If you need help buying or selling your home in Reno, Nevada, finding the right Realtor can help make your real estate process simpler. Knowing what the Reno, Nevada real estate market is doing from month to month,  day to day, is key in being a successful buyer or seller. 

 Let me help you with your home buying or selling process. Visit my web site at www.servingrenoandsparks.com  to find different Northern Nevada neighborhoods might interest or sign up for a free LisitingBook account so you can search Northern Nevada properties at www.sellingrenoandsparks.listingbook.com.

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

Reno Nevada Market Report December 2009 

Reno Nevada Market Report for September 2009 ~ Washoe County Nevada

Here are your market statistics for single family homes sold in Reno, Nevada in September 2009:

There were 311 single family homes sold in September. In August 2009, there were 334 single family homes sold in Reno, Nevada.

The average price of home sold in Reno, Nevada during the month of  September was $248,784. The average days on the market for these single family homes were 126 days.

Out of the 311 single family homes sold during September, 105 were Bank Owned properties. The average sales price of a Bank Owned property was $169,486. The average amount of time these homes were staying on the market we just 95 days.

There were 72 Short Sale propertiessold during the month of September 2009. The average sales price of a Short Sale property was $228,858. These homes spent an average of 183 days listed on the market.

The Reno real estate market appears to be holding steady. During the month of September foreclosures still maintained a huge influence on the Reno market and we saw a slight decrease in existing home sale prices.

Reno Nevada Market Report September 2009~ The numbers posted in this market report are believed to be accurate but are not guaranteed by the author.

~Sparks Nevada Market Report for September 2009~

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

There were 160 single family homes sold in Sparks, Nevada during September 2009.  30 more homes were sold in September compared to August 2009. Only 130 single family homes were sold last month.

Of the 160 homes sold in September, 69 homes sold were Bank Owned and 44 homes that sold were Short Sale properties.

The average sold price of a single family residence in Sparks, Nevada during the month of September was $182,111 with an average of 130 days on the market. During August 2009, the average sold price was $188,464 while staying on the market only 107 days.

The average price of a sold bank owned property during this time was $152,937 with an average of 91 days on the market.

The average price of a  sold short sale property during this time was $207,976 with an average of 202 days on the market. Short sale properties are taking twice as long to close once they receive an offer as bank owned properties.

Currently there are 848 single family homes listed for sale in the Northern Nevada Regional Multiple Listing Service in Sparks, Nevada. 484 of these listings are active pending short sale. This means they are waiting for third party approval.

The average list price of a single family residences in Sparks, Nevada is $134,000. The average list price during the month of August was $165,000. Home prices appear to have dropped approximately $30,000 from last month.

From this report we can see that existing homes sales continue to drop  in Sparks, Nevada as foreclosures continue to maintain a strong influence in our market. Short sale properties are staying on the market longer and foreclosures are seeing quick closing periods.

Sparks Nevada Market Report for August 2009 ~ The numbers posted in this market report are believed to be accurate but are not guaranteed.

Sparks Nevada Market Report August 2009

Market Report for Spanish Springs West August 2009

The Spanish Springs Valley sits just north of central Sparks, Nevada and is found along Pyramid Highway. It is a community located in Washoe County. This market reports includes single family residence homes located in West Spanish Springs.  The homes in West Spanish Springs  are located on the west side of the Pyramid Highway.

Here are your market statistics for homes listed and sold during August, 2009 in Spanish Springs West, Sparks Nevada, 89436 

Sold Activity:

~There were 19 single family homes sold in this area during August 2009.

~ Average days on the market were 92 days.

~ The average list price was $178,055.

~ The average sold price was $176,156.

~The average square footage of a home sold was approximately 1600 square feet.

~Of the 19 homes sold during August 2009, 8 were bank owned and 5 were short sale properties.

Current Listing Activity:

~Currently, there are 94 single family homes listed for sale in Spanish Springs West area. The average list price for a single family home for sale is $232,106.

~ Of the 94 homes currently listed, 60 are short sale listings and 15 are bank owned properties. The average list price for a short sale listing is $240,189. The average list price for a bank owned property is $206,551.

~ There are 62 homes pending in the area of West Spanish Springs.

~There are 13 active homes listed with no special conditions, i.e. bank owned or short sale. The average list price in this category is $199,061.

~ The lowest home listed in West Spanish Springs, at the time of this report, is $130,000 and the highest listed home is $326,900.

Summary:

Sold = 19 Single Family Homes/Average Sold Price $176,156.

Active = 94 Single Family Homes/Average List Price $232,106.

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 West, August 2009

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Search the MLS for Properties here in Northern Nevada

Read the Northern Nevada Real Estate Blog

Sparks Nevada Market Report Spanish Springs East July 2009

This Spanish Springs Market Report is brought to you by Terrie Leighton, Ferrari-Lund Real Estate. The report is for single family detached homes and may not include all sales activity in the area. This report or any part of it may not be used without permission.

Disclaimer: Data based on information from the Northern Nevada Multiple Listing Service (NNMLS). The NNMLS does not guarantee nor is any way responsible for its accuracy. Information in this post is deemed reliable but is not guaranteed.

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.

Search the MLS for Properties here in Northern Nevada

Read the Northern Nevada Real Estate Blog

Sparks Nevada Market Report Spanish Springs East July 2009