Sparks Nevada Market Report, July 2009, Spanish Springs East, Sparks Nevada

Sparks Nevada Market Report, July 2009, Spanish Springs East

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 and sold in the price range of $100,000 to $200,000.

Here are your basic market statistics for homes listed and sold in Spanish Springs East, Sparks Nevada.

Zip Code 89436 ~ Area 183

Sold Activity:

~There were 14 homes sold during the month of July 2009 in Wingfield Springs.

~The average days on the market was 128 days.

~The average list price was $162,500.

~The average sold price was $153,750.

~ The average price per square foot for a home sold in July 2009 in Wingfield Springs was $85.42

~The average square footage of a home sold was 1,800 square feet.

~Of the 14 homes sold during July 2009, 6 were bank owned and 6 were short sale properties.

Current listings within the $100,000 to $200,00 price range:

~There are 71 active listings in this price range in Wingfield Springs.

~Of the 71 homes currently listed in Wingfield Springs, 14 homes are bank owned properties.

~Of the 71 homes currently listed, 51 of these homes are short sale properties.

~Of the 71 active listings, 40 are pending short sale approval.

Summary:

Existing homes sales in Sparks, Nevada continue to post positive gains but the average price of homes sold are dropping as foreclosures 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.

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