Sparks, NV Real Estate News

By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
Reno-Sparks Homes and Real Estate Report details homes sold, listings, bank owned, mls statistics and more. Summary As colder weather months are upon us, we expect to see a slight seasonal downturn in the number of homes sales. We are continuing to see only small decreases in median sales prices from a month-over-month and year-over-year perspective.  As we had anticipated, these numbers again indicate that we are experiencing a leveling of the market. Reno-Sparks Homes Median Sales Price October 2010 median price was up 2.2% to $172,775 compard to $169,000 in September 2010. The median sales price has remained relatively stable for the past seventeen months. Median price is defined as the mid-point, half of the sales for the time frame are below and half are above. Reno-Sparks Homes S...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
Sparks Short Sale Home ListingsWant to easily find short sale homes in Sparks, Reno?We have created a page on our web site that is dedicated to foreclosure homes for sale in Sparks, NV.  This page includes all listings and is updated daily from the local Multiple Listing Service (MLS) used by all Sparks real estate agents.As of November 17, 2010, Sparks, NV short sale real estate market profile consists of:Number of Listings:  551   (Active and Pending)Low Price:  $ 95,000High Price: $799,900Over 300 listings priced between $100,000 and $200,000. When you visit our site, you will find it easy to browse all of the listing described above in addition to the ability to search all properties in the area using additional criteria such as price, bedrooms, bathrooms, lot size, and year built. ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
~Spanish Springs Public Library ~ 7100A Pyramid Highway, Sparks, Nevada 89436  ~ Part of the Washoe County Library System ~   Spanish Springs has a terrific community library! Packed full of books for leisure reading and resource tools that are great for school projects.  Located in Sparks, Nevada, it is easily accessible allowing our  Spanish Springs neighbors to spend countless hours taking advantage of the many free activities and resources offered here. As with countless public libraries everywhere, the Washoe County Library System offers FREE library cards! Simply speak  to any librarian or visit www.washoecountylibrary.us for specific card requirements. A library cardwill give you access to materials at all 12 Washoe Country Libraries! If you haven't visited a library recently, yo...
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By Charlene Hamilton, Reno Relocation Real Estate
(Keller Williams Group One Reno)
This Saturday, November 20, 2010, the Legends at Sparks Marina will hold their annual Christmas tree lighting ceremony in Sparks, NV at 6pm.  This event is absolutely free to the public.  All ages are welcome.  Enjoy your favorite holiday carols sung by The Coats.  The Marine Corps will be on hand to welcome Santa Claus himself.  The 60 foot Christmas tree is located between the Nike Factory Store and Scheels.  So, if you're looking for a way to welcome in the holiday season, come to the Christmas tree lighting ceremony in Sparks this weekend.  Happy holidays! Charlene Hamilton, your Reno relocation specialist Bookmark & Share
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By Caritas Real Estate Group
This cute single level, 3 bedroom Important Links Free List of Foreclosed Homes For Sale Short Sale Solutions Explained. What is your home worth Luxury Fixer Uppers In Reno and Sparks Homes for Sale 11 Things You Need to Know to Pass Your Home Inspection Homes for Sale 9 Common Buyer Traps to Avoid when You Buy This Spring Homes for Sale Save Thousand When You Buy Homes for Sale See Property Details Call: for more information on this or any other property. Visit Single Property Website   This cute single level, 3 bedroom, 2 bath house shows great! Outside offers room for your toys and RV access plus is fully landscaped with a nice gardening area to enjoy or entertain. Inside is especially welcoming with a nice fireplace to warm up in front of in the family room, and a nice kitchen with...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
The median sales prices are leveling out on a year-over-year basis. For the remainder of 2010 we are returning to a market that is no longer motivated by buyer tax credits and other government interventions.  The comparisons we make with the prior year will continue to use non-incentive sales from this year to compare with last Fall sales to meet the old November 30, 2009 tax credit deadline.  There are too many unknowns to make any bold predictions for the future. Reno-Sparks Homes Median Sales Price August 2010 median price was down less than 1% to $179,900 compared to $180,000 in July 2010. The median sales price has remained stable for the past fifteen months. Median price is defined as the mid-point, half of the sales for the time frame are below and half are above. Reno-Sparks Ho...
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By Caritas Real Estate Group
Beautiful home on half an acre! Important Links Free List of Foreclosed Homes For Sale Short Sale Solutions Explained. What is your home worth Luxury Fixer Uppers In Reno and Sparks Homes for Sale 11 Things You Need to Know to Pass Your Home Inspection Homes for Sale 9 Common Buyer Traps to Avoid when You Buy This Spring Homes for Sale Save Thousand When You Buy Homes for Sale See Property Details Call: for more information on this or any other property.   Beautiful home on half an acre! This home will wow you the moment you walk through the front doors!With beautiful ceramic tile flooring and carpet throughout this 4 bedroom,2.5 bath house with 2990 square feet. The master suite is more like a retreat with a fireplace, walk-in closet, garden tub and much more! I want to see this prope...
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By Caritas Real Estate Group
Perfect for the investor or first time home buyer! Important Links Free List of Foreclosed Homes For Sale Short Sale Solutions Explained. What is your home worth Luxury Fixer Uppers In Reno and Sparks Homes for Sale 11 Things You Need to Know to Pass Your Home Inspection Homes for Sale 9 Common Buyer Traps to Avoid when You Buy This Spring Homes for Sale Save Thousand When You Buy Homes for Sale See Property Details Call: for more information on this or any other property.   Perfect for the investor or first time home owner! This lovely 2 story condo offers a great floor plan. 2 bedroom, 1 bath and a 1 car garage. The bathroom boast a new vanity. Outside is a private pool in a park like setting. Close to the Sparks Marina and Legends Shopping Center. I want to see this property.     To...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
Homes for Rent in Reno-Sparks and Fernley Record low real estate prices in the Reno-Sparks and Fernley area motivate some people to think about investing in rental property. The argument: " Buy a house, get a tenant to pay big rent that will cover the mortgage and earn a tidy profit right away" There's a lot to know before buying, and many things to learn before becoming a landlord. Financially, buying a rental comes with different, and higher, costs than buying a home as your personal residence. When purchasing a primary residence, buyers can obtain a mortgage that requires a small down payment, or even no down payment. When buying a property to rent, lenders in Nevada require investors to put at least a 20 percent down payment.  Private mortgage insurance does not cover investment pr...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
It's Friday, do you know what you are going to do for fun this Labor Day Weekend? The Best In The West Nugget Rib Cook - Off is here for its 22nd year ~ Come join the fun tonight through Monday, September 6, 2010! This is a free event that locals and visitors look forward to each year. Local businesses say revenues from this event will help them survive through the slower, winter months. An estimated 50,000 people will be sampling, judging and eating up some delicious Ribs over the next few days! As Reno and Sparks, Nevada residents, we look forward to special events like the Rib Cook Off each year not only because they stimulate our local economy, but because they are fun! Plain and simple, good times!  This annual event is a great place for the entire family, a great place to bring a ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Welcome Home to Casoleil at Spanish Springs in Sparks, Nevada Casoleil, Spark's newest luxury condominium complex, currently has several singe story floor plans listed for sale in the Northern Nevada Regional Multiple Listing Service. With prices of these two bedroom, single story, condos that start in the low $100,000's it is hard to pass up! FHA financing is currently available.  Casoleil meets the following FHA guidelines that makes it possible to obtain financing:  At least 90% of the units must have been sold  At least 51% are owner occupied  No single entity may own more than 10% of the units  If there are more than 30 total units, then no more than 10% of the units may have FHA financing  If there are 30 or fewer total units, then no more than 30% of the units may have FHA financ...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
Reno-Sparks homes and real estate report is your insight into the housing market, sales, listings, bank owned and short sales statistics. Summary In July, we experienced an anticipated letdown in the number of existing home sales following the five year record set in June which was driven by the deadline to close sales qualifying for the $8000 tax credit by June 30.  The July numbers for new pending sales remain strong; an important leading indicator for the coming months that indicate continued demand for resale homes.  Pending sales taken together with the rise in the July 2010 median sales price over June 2010 and a slight increase in the median price year-over-year and July marks the continuation of some welcome positive indicators.  In the context of less favorable general economi...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
     There are approximately 9,200 condo and townhome units in the greater Reno-Sparks area, about 5.3 percent of the total housing market.  According to the HUD database, 26 developments have condominium, project approval.  The approval means that a buyer can obtain a FHA guaranteeed loan to purchase a unit. Condominium projects must meet several criteria to get approval.  One key requirement is that at least 50 percent of units in a project must be owner occupied or sold to owners who intend to occupy them.  Investor owned units that are rented out do not count toward the occupancy percentage. Just because a development isn't on the approved list does not necessarily mean it was rejected.  It might just be that the development has yet to submit an application for approval. FHA approva...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
Reno/Sparks home and real estate monthly report provides information on Reno/Sparks homes sold, homes for sale, bank owned and short sale statistics. Summary "As anticipated, we saw an increase in the volume of closed sales during the month of June, mostly by buyers who were attempting to get in under the June 30 deadline to close deals in order to qualify for the tax credit.  It wasn't until the midnight hour that Congress extended the deadline to those buyers who, through no fault of their own, were unable to meet the deadline.  As a result of that extension, buyers who qualified for the tax credit and were under contract by April 30th, now have until September 30, 2010 to close the transaction," said Ken Amundson, 2010 president of Reno/Sparks Association of Realtors .  "Although we...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Could this Sparks, Nevada teenager be the next Carrie Underwood? Julia C. recently won a Sparks' Got Talent contest where she competed against 40 very talented locals. She  wowed Reno Aces fans when she sang the "Start Spangled Banner" in front of a sold out crowd of 10,000 fans.  Julia goes to school with my children and has big dreams of being a professional singer one day. I have listened to Julia sing and she defiantly has talent! So you tell me, could this rockin local Sparks girl be the next Carrie Underwood? Just listen to Julia nail "Cowboy Casanova" at the July 2010 Sparks' Got Talent Show at the Sparks Marina and you be the judge:    
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
If fresh fruit and  vegetables are what you are after, the Sparks Hometown Farmers Market is the place to be every Thursday in June to August in Sparks, Nevada.  Every summer, Sparks hosts the largest farmers market in the Reno / Sparks area.  This year will be the 18th year in Sparks and it continues to be a huge local favorite, not to mention one of the funnest events to attend as well. The market features more than 100 vendors offering fresh picked produce, breads, pastries, flowers and gourmet foods with amazing free samples. There is plenty of ready-to-eat food and drinks served during the evening as well. Enjoy live entertainment and shop for unique home and garden treasures.  There is a kids zone so bringing the entire family is a must. The Sparks Hometown farmers market is more...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
  FHA approved condos and townhomes in Sparks, Nevada  There are plenty of amazing deals right now in the Sparks, Nevada condominium market. However, with the recent turmoil in our housing industry, many financial institutions have tightened their lending guidelines and have made it difficult to obtain financing on condos. It is important to remember that when considering to purchase a Sparks, Nevada Condo or Townhome with a FHA loan, these complexes must already be approved by the FHA and HUD.  For a condo complex to be FHA approved, they have to meet specific requirements. These requirements are:    At least 90% of the units must have been sold  At least 51% are owner occupied  No single entity may own more than 10% of the units  If there are more than 30 total units, then no more tha...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Looking for a place to keep cool this summer in Sparks, Nevada? The Sprinklers at the Century 14 Movie Theater The Century 14 Movie Theater 1250 Victorian Avenue Sparks, Nevada 89432 775-353-7440 The Sprinkler Park in Sparks, Nevada is a great place to take the kids this summer if you are looking to stay cool. The park is free and open to everyone. Bring a blanket and have a picnic on the lawn. Bring a towel to dry off before you see your favorite summer movie at the Century 14 Movie Theater. The Sprinkler Park on Victorian Avenue in Sparks, Nevada is an incredible way to stay cool this summer, it is free and great family fun for everyone. Located directly in from of the Sparks movie theater, your family can enjoy the day playing outside in the sprinklers then going inside to watch the ...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
Sparks NV Short Sale Homes for SaleSearching for short sale homes in Sparks, NV? We have created a page on our web site that is dedicated to short sale homes for sale in Sparks, NV.  This page includes all listings and is updated daily from the local Multiple Listing Service (MLS) used by all Reno real estate agents.As of  June 2, 2010, 2010, Sparks, NV short sale homes for sale real estate market profile consists of:  Number of Active Listings: 605    (Active and Pending)Low Price:  $  90,000High Price:  $799,000Short sale homes are subject to the home seller's lender approval.  The time required, in today's market, for this approval ranges from three weeks to six months.  Any home buyer should keep this in mind when contemplating a short sale home purchase.When you visit our site, you...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
~Sparks Nevada Market Statistics for May 2010 ~  Prepared by Terrie Leighton, Realtor, Ferrari-Lund Real Estate in Northern Nevada Here are a few real estate statistics for Sparks, Nevada during May 2010: This report is for single family homes sold in Sparks, Nevada for May 2010: Sold = 132 Single Family Homes Median List Price = $165,000 Median Sold Price = $164,000 Average Days on Market = 111 There were 132 single family homes sold in Sparks, Nevada during May 2010. During April 2010, there were only 157 single family homes sold. I think we are seeing  the First Time Home Buyers Tax credit working to get home buyers into their homes before it expired. Foreclosures ~ 21 of the 132 homes sold were bank owned/ foreclosure properties. During April 2010 there were 35 bank owned properties...
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