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

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

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 for sale and sold in the price range of $200,000 to $300,000.

Here are your market statistics for homes listed and sold during July, 2009 in Spanish Springs East, Sparks Nevada, 89436 ~ Area 183

Sold Activity:

~ There were 16 homes sold in Wingfield Springs during July, 2009. Price range $200,000 to $300,000.

~ Average days on the market were 129 days.

~ The average list price was $253,616.

~ The average sold price was $249,535.

~ The average price per square foot for a home sold in July 2009 in Wingfield Springs was approximately $105.

~The average square footage of a home sold was approximately 2238 square feet.

~Of the 16 homes sold during July 2009, 4 were bank owned and 3 were short sale properties.

Current Listing Activity:

~There are 76 single family homes listed for sale in the $200,000 to $300,000 price range in area 183.

~ Of the 76 homes currently listed, 54 are short sale listings and 6 are bank owned.

~ There are 42 homes pending approval in the $200,000 t0 $300,000 price range in Wingfield Springs.

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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