Selling Reno And Sparks Real Estate Blog

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Sparks Nevada Market Report for January 2011

Sparks, Nevada Market Statistics for January 2011

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

Clip Art Market Report

Here are few market statistics for home sold in Sparks, Nevada during January 2010/2009:

Clip Art House Sold

Single Family Homes Sold in Sparks for January 2011 = 96

Single Family Homes Sold in January 2010 = 84

Medium Sold Price in January 2011 = $153,125

Medium Sold Price in January 2010 = $177,250

Days On The Market in January 2011 = 124

Days On The Market in January 2010 = 101

Sparks NV Short Sale Properties: Of the 96 single family homes sold in Sparks during January 2011, 39 homes were short sale properties. The medium sold price was $154,000. Short Sale properties were averaging 162 days on the market.

There were only 30 short sale properties sold this same time during January 2010. The medium sold price during that time period was $170,000. The average time spent on the market was 158 days.

Sparks NV Bank Owned Properties: There were only 23  bank owned properties sold in January 2011. The medium selling price for single family bank owned property was $136,00 and spent an average of 88 days on the market.Sparks Home

During the same time period in 2011, there were 27 bank owned properties sold during the month of January. The average list price was $170,00 and lasted 66 days on the market.

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 anyones guess if this trend will continue throughout 2011.

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.

Sparks Nevada Market Report For January 2011

Your Home. My Priority. Since 2003

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Ferrari-Lund Real Estate

 Cell ~ 775.846.5424

Email ~ Terrie@terrieleighton.com

 

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Comment balloon 5 commentsTerrie Leighton • February 04 2011 07:27PM

Comments

Looks like things could be looking up. Thanks for the information!

 

Jane Pacheco

Posted by Jane Pacheco (Pacheco Realty & Financial Services) almost 8 years ago

Hello Terrie and looking good! There is a area in Carson City just over the mountainside that goes to Lake Tahoe, do you know where I am talking about? Nu Nu and I were wondering what the cheapest condo would sell for in this area? We could rent the condo out for around 10 months out of the year & stay there ourselves 2 months in the summer and drive over the hill and and play at Lake Tahoe in the summer.

I did get your email and how many pics are you interested in?

Vegas Bob ;o)

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) almost 8 years ago

Terrie - This is a great real estate market report for Sparks NV, I love the layout, very easy on the eyes and easy to follow.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) almost 8 years ago

Terrie, I have to say that market report is wonderful, but....your logo is incredible, I love that. You have inspired me to come up with something that is new and creative. That is really cool

Posted by Gerry Michaels, GettysburgGerry Social Meida (Glasswork Media Arts) almost 8 years ago

Thanks Jane ~ Let's hope the trend continues.

Bob~ I don't think you are talking about Minden are you? ~ I will send you a couple listings that I find near Minden and on the South side of Carson. I only around 2 or three pictures. Thank you so much.

Michelle ~ I still want to incorporate graphs into my market reports like you do! Learning how to make them is on my list!!

Gerry ~ really? thank you I am gald I have inspired someone to do something creative, very shocking, lol.

 

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) almost 8 years ago

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