Selling Reno And Sparks Real Estate Blog

head_left_image

Sparks Nevada Market Report For December 2009

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

Sold = 143 Single Family Homes

Average Sold Price = $175,000

There were 143 single family homes sold in December 2009. During the month of December 2009, there were 144 single family homes sold and in November 2009, 142 single family homes were sold.

The average sold price in December  was $175,000, down just $2,000 from November. The average sold price of a single family home during October was $187,000. The average number of days these homes were on the market was 117 days.

Bank Owned Sold Properties = 52

Average Bank Owned Sold Price = $162,000

Out of the 143 single family homes that sold during December 2009, 52 were bank owned and sold for an average price of $162,000 while spending an average of just 75 days on the market.

Short Sale Properties Sold = 44

Average Sold Short Sale Price = $165,5000

There were 44 short sale properties sold (homes that required third party approvals) during December. The average sold price of a short sale property was $165,500 and spent an average of 167 days listed in the Northern Nevada Regional Multiple Listing Service.   The average sold price of a short sale during the month of November 2009 was $170,127.

Out of the 143 single family homes that were sold in December 2009, only 47 were sold without special conditions. The other 96 homes sold were either bank owned or required third party approval. These numbers show us the current real estate market in Sparks, Nevada are 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 = 775 Single Family Homes in Sparks Nevada

Currently Available = 363

Average List Price = $189,000

If you are looking for a home in Sparks, Nevada, currently we have 775 single family homes listed for sale. Keep in mind  only 363 are available and active. All other active  single family listings are pending short sale approval or loan approval.

If you are looking for a bank owned property or a foreclosed property in Sparks, Nevada, we have 40 active single family bank owned properties with an average list price of $154,9000.

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 182 currently listed for sale in the Northern Nevada Regional MLS. The average Price of one these properties is $170,000.

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 December 2009

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

 

Facebook   LinkedInTwitter

Comment balloon 2 commentsTerrie Leighton • January 12 2010 12:39PM

Comments

Great job Terrie in keeping the folks in your neck of the woods up to date in what's happening in the Real Estate market there.

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) over 8 years ago

Hi Terrie.  Market stats.  Loving them right now.

I think people are really hungry for them.

Way to go!

Ken

Posted by Ken Tracy, Helping clients buy and sell since 2005 (Keller Williams Realty Infinity) over 8 years ago

This blog does not allow anonymous comments