In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four American homeowners is “underwater,” I feel [...]
Saturday, December 18, 2010
Once again more short sales have closed in the Sparks-Spanish Springs market area according to data from the Northern Nevada Regional MLS for stick built homes. As expected traditional sales had the highest average median sales price, with short sales following and bank owned sales bringing in the lowest median price. As expected short sales [...]
Wednesday, November 17, 2010
According to sales data from the Northern Nevada Regional MLS, traditional home sales (sellers with equity) lead the sales data for residential, stick built home sales in October 2010. Traditional, equity position sales accounted for 38.8% of sales in October. The median sales price $231,700. These sellers received on average 95.1% of asking price and [...]
Tuesday, October 19, 2010
Solds for Reno/Sparks in September: 534. See comparison chart for August and July.
Friday, May 14, 2010
Here is a look at what is happening in the Sparks-Spanish Springs market as of today, May 14, 2010. This data is from the Northern Nevada Regional MLS and is for residential stick built homes in these areas. Active Listings – There are currently 411 active listings. The median list price for these listings is [...]
Thursday, June 11, 2009
The good news first. Sales of single family residences in the Sparks-Spanish Springs area were up 22% this May over May 2008. This shows that the buyers are out there and making purchases. Now the not so good news. The median sold price for May 2009 was $166,500. This is down significantly from May 2008 [...]
Monday, April 14, 2008
As of today, April 14, 2008 there have been 23 homes sold in the Sparks area according to the Northern Nevada Regional MLS. We are slightly ahead of last months sales by several units. As you can see from the data below the Sparks Suburban area has seen the largest number of homes sell so [...]
Monday, March 7, 2011
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