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Sparks Nevada Market Report For October 2009

Spaks Nevada Market Report For October 2009 ~ Washoe County Nevada

Sparks Nevada Market Report

Here are your market statistics for single family homes sold in Sparks, Nevada during October 2009

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

The average sold price during October 2009 was $182,584 and spend an average of 121 days listed on the market. The average sold price of a single family home during September 2009 was $182,111. The average length of time each home spend on the market was 130 days.

Bank Owned properties sold during October 2009 totaled 55. The average price of a bank owned property sold was $155,576 and spent an average of 121 days on the market. During September 2009, there were 69 bank owned single family homes sold. The average sold price was $152,937 and spent an average 91 days on the market.

Short sale properties sold (homes that required third party approval) totaled 37. The average price was $188,06. These properties spent an average of 207 days on the market. Last month short sale properties spent 202 days on the market.

Out of 145 single family homes sold during October 2009, 92 were sold with special conditions. Only 53 single family homes were sold without these conditions. This shows short sale and bank owned properties still have a strong influence on our real estate market here in Northern Nevada. As long as there is still a larger number of homes with special conditions being sold over homes with out those conditions, I believe we will continue to see our single family residence home prices continue to drop.

Currently there are 855 single family homes listed for sale in Sparks, Nevada. The average list price is $213,200. There are 95 active bank owned properties currently listed with an average list price of $184,474.  Of the 855 homes listed for sale, 530 are short sale listings. These properties are staying on the market at least 200 days. The average price of a short sale listing is $189,000.

Sparks Nevada Market Report For October 2009

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Comment balloon 0 commentsTerrie Leighton • November 04 2009 02:03PM

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