Sparks Nevada Market Report Spanish Springs West 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.