Sparks, NV Real Estate News

By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks Nevada Market Statistics for January 2010 Here are your market statistics for single family homes sold in Sparks, Nevada for January 2010: Sold =  104 Single Family Residences Average sold price = $182,188 Days on the Market = 126 There were 104 single family homes sold in Sparks during the month of January 2010.  Out of the 104 homes that were sold, 36 were bank owned / foreclosure properties. These bank owned properties sold for an average price of $168,105. The average time the foreclosed properties in Sparks Nevada spent on the market was 74 days. There were 36 short sale properties sold during January 2010. The average price of a short sale was $178,730. The average amount of time a short sale property spent listed for sale on the Sparks the market 157 days.  Current / Activ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Animal Rescue Site Needs Your Help I received this email request today from a good friend who happens to be an animal lover like myself. Yes, it is a forward to forward to your contacts. But it is for a good cause. The Animal Rescue Siterelies on people like you and me to help feed homeless, abused animals in shelters all over the world. The Animal Rescue Site focuses the power of the Internet on a specific need - providing food for some of the eight million companion animals relinquished to shelters in the U.S. every year. But our hopes also extend far beyond U.S. borders. Animals around the world need our help, as evidenced by the recent earthquake in Haiti.  This is the request: Please ask ten friends to each ask a further ten today!  The Animal Rescue Site is having trouble getting ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
The Start of FHA 2010 Changes for Investors ~  90 Day Seller Acquisition Rule Change ~ The following is an explanation of the changes that are taking place in the FHA mortgage world. My good friend Nick Parino with New American Mortgage helped with the following explanations that should help answer your questions. For one year until 2/1/2011, FHA is removing the 90-day seller acquisition requirement on properties.  This move is to keep FHA buyers' purchase offers from being denied due to the seller's brief period of ownership.  It may also help the sellers from the expense of holding the property and potential vandalism associated with allowing the property to sit vacant for 90 days. This takes effect 2-1-10 for the next year.  Lenders will be required to ensure that the property is no...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
  Effective for all sales contracts dated on or after February 1, 2010, certain property may be resold and financed using FHA insured financing without waiting 90 days. FHA has temporarily waived the 90 day wait period, on certain transactions.  These recently purchased homes may be sold and financed with FHA insurance. Private sellers and investors are now eligible to take advantage of this waiver. These transactions must be arms-length, with no identity of interest between the buyer and the seller or other parties participating in the sales transaction. In cases where the sales price is 20% or greater than the seller's acquisition, the lender must justify the increase in value with supporting documentation of renovation, repair and rehabilitation work. If no such work was performed th...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Here are your market statistics for single family homes in Sparks, Nevada for December 2009: Sold = 143 Single Family Homes Average Sold Price = $175,000 There were 143 single family homes sold in December 2009. During the month of December 2009, there were 144 single family homes sold and in November 2009, 142 single family homes were sold. The average sold price in December  was $175,000, down just $2,000 from November. The average sold price of a single family home during October was $187,000. The average number of days these homes were on the market was 117 days. Bank Owned Sold Properties = 52 Average Bank Owned Sold Price = $162,000 Out of the 143 single family homes that sold during December 2009, 52 were bank owned and sold for an average price of $162,000 while spending an ave...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Have you tested your home for Radon? Do you know what Radon is? Most people have no idea that Radon is present in many homes, not only in Nevada, but in homes all across the country, and is the leading cause of lung cancer among nonsmokers. Radon is responsible for about 21,000 lung cancer deaths every year and that is why the EPA (Environmental Protection Agency) has proclaimed January National Radon Action Month. What is Radon? Radon is a naturally occurring radioactive gas that has no odor, color or taste and is produced by the breakdown of uranium in soil, rock and water. Uranium is found in all soils and in rocks such as granite. As uranium decays, it turns to radon gas that then moves through the atmosphere and can enter your home. When trapped indoors it accumulates to harmful l...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks Nevada Market Report For November 2009 ~ Washoe County Nevada Here are your market statistics for single family homes in Sparks, Nevada for November 2009: Sold = 114 Single Family Homes Average Sold Price = $179,783 There were 144 single family homes sold in November 2009. During the month of October 2009, there were 145 single family homes sold and in September 2009, 160 single family homes were sold. The average sold price in November was $179,783, down just $3,000 from October. The average sold price of a single family home during October was $182,584. The average number of days these homes were on the market was 109 days. Bank Owned Sold Properties = 48 Average Bank Owned Sold Price = $163,826 Out of the 144 single family homes that sold during November 2009, 48 were bank own...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
I often find myself at a loss for words when it comes to writing my Christmas cards. I want them to be unique, festive, creative and personal. Yet it is not easy to come up with just the right sayings without sounding to cliche or to ordinary. This year I decided to research the web to come up with some ideas for my holiday cards. Although the ideas I found were not my own, they were very helpful and inspired me to write my own holiday card for my friends, family and clients. The web sites that I found most useful are listed below. If you are anything like me and waited until the last minute to come up with a personal holiday card, I am sure you will find these holiday web sites very useful. Web sites for Holiday Sayings, Letters and Quotes: Great Christmas Letters ~ Great Christmas Le...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
The "first annual" Holiday Tree Lighting at the Legends at the Sparks Marina  is Saturday, November 21, 2009 at 6p.m. A festive new holiday tradition for the entire family! The Legends at the Sparks Marina holiday tree-lighting ceremony! A 50 foot tall evergreen will light up the sky in Sparks, Nevada tonight once all 10,000 lights are lit!  The celebration not only includes the tree-lighting ceremony, other festivities will also include: ~A performance from the Tintabulations Bell Choir ~Christmas Caroling with the Nevada Youth Choir ~A free skate event on the "hyper link" rink after the ceremony (bring your own ice skates). Legends at the Sparks Marina is located off of I80 E to exit 20, Sparks Blvd turn left on Lincoln Drive. Just look for SCHEELS All Sports Department Store and you ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Nevada Foreclosures ~ If you have questions, the Nevada Department of Business & Industry has a website to help answer your questions about the foreclosure process. The Governor's Office, in conjunction with the Nevada Department of Business & Industry, is actively working to meet the challenges presented by the current sub-prime mortgage lending situation. They can answer most questions you have regarding a Nevada foreclosure. ~ Are you facing a possibly foreclosure in Northern Nevada? Do you have questions about your mortgage and are starting to fall behind on your monthly payments? Is your interest rate about to go up? Is a short sale right for you? Visit Nevada Department of Business and Industry today to find answers to your Nevada foreclosure questions. If you are someone who wou...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Spaks Nevada Market Report For October 2009 ~ Washoe County Nevada Here are your market statistics for single family homes sold in Sparks, Nevada during October 2009 There were 145 single family homes sold in October 2009. During the month of September 2009, there were 160 single family homes sold. The average sold price during October 2009 was $182,584 and spend an average of 121 days listed on the market. The average sold price of a single family home during September 2009 was $182,111. The average length of time each home spend on the market was 130 days. Bank Owned properties sold during October 2009 totaled 55. The average price of a bank owned property sold was $155,576 and spent an average of 121 days on the market. During September 2009, there were 69 bank owned single family ho...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Northern Nevada Regional Multiple Listing Service recently introduced Listingbook to its members and I am so excited to be able share this news with you. Now you will be able to search for homes listed for sale in Northern Nevada like your real estate agent does.  Buyer's~ By setting up your free account, you will receive daily, weekly or monthly housing reports. Set up the criteria you are looking for in a home and find you dream home through Listingbook. Seller's ~ If you list your home  with me, I will be able to market your home more effectively. Buyers looking for a home like yours will be sent a property profile immediately. Listingbook will generate more traffic viewing your home. Listingbook could potentially get your home sold more quickly. Find out more about Listingbook by v...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Special Pricing on New Construction Homes in Damonte Ranch, Reno Nevada. Great news for first time home buyers who want to take advantage of the First Time Home Buyers $8000 Tax Credit can still purchase and close by the end of November 2009. Dorado at Damonte Ranch  is a new home community with homes built by Toll Brothers. Located just South of Reno, Dorado is nestled against the Virginia Foothills and is close to the Summit Shopping Mall, the Mount Rose Ski Resort, schools, and is just minutes from the Reno/Tahoe International Airport. Here are some of the features you will find in the homes in Dorado: ~Gourmet kitchens with granite slab counters, large center islands, lots of cabinet and counter space. ~Upgraded counters and flooring throughout. ~Covered walk out balconies. ~Pavers ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
~Sparks Nevada Market Report for September 2009~ Here are your market statistics for single family homes in Sparks, Nevada for September 2009: There were 160 single family homes sold in Sparks, Nevada during September 2009.  30 more homes were sold in September compared to August 2009. Only 130 single family homes were sold last month. Of the 160 homes sold in September, 69 homes sold were Bank Owned and 44 homes that sold were Short Sale properties. The average sold price of a single family residence in Sparks, Nevada during the month of September was $182,111 with an average of 130 days on the market. During August 2009, the average sold price was $188,464 while staying on the market only 107 days. The average price of a sold bank owned property during this time was $152,937 with an a...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Northern Nevada Neighborhood Stabilization Program! The Reno Housing Authority  (RHA) has begun spending $4.7 million  to help stabilize a few Northern Nevada neighborhoods. The neighborhood stabilization program (NSP) was set up by the government with the intent to buy foreclosed homes in some very distressed areas to  fix  them up and sell them. The $4.7 million is part of a NSP grant that was awarded to Northern Nevada earlier this year. Neighborhoods that have an abudndance of foreclosed homes will see home prices continue to decrease and the area will continue to deteriorate. This program is designed to  slow  this trend and stabilize the neighborhood. By buying foreclosed homes, the RHA  plans fix them up and re-sale them at market value and keep the  homes values up, or at least ...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks, Nevada Foreclosure Report September 2009 Currently there are 100 foreclosed single family homes listed for sale in Sparks, Nevada. At least 57 have offers and are pending final approval. That leaves only 43 available to purchase. The highest foreclosure is listed for $519,000, and has been on the market for over 128 days. This home is located in area 183, in the neighborhood of Wingfield Springs. The lowest foreclosure is listed for $59,400, and has been on the market for 117 days. This home is located in area 180, central Sparks. This home was built in 1907. The average price for a single family foreclosed home is selling for around $169,457 and is staying active on the market for less than 30 days.  There are 14 homes listed for sale as a foreclosure priced between $200,000 an...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
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...
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Sparks Nevada Market Report, August 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 area 183 in Sparks, Nevada 89436   Here are your market statistics for homes listed and sold during August, 2009 in Spanish Springs East, Sparks Nevada, 89436  Sold Activity: ~There were 32 single family homes soldin Wingfield Springs during August 2009. ~ Average days on the market were 95 days. ~ The average list price was $242,448. ~...
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By Sandra Mathewson, CRS,ABR,SRES,GRI,CDPE,PSA,SFR
(RE/MAX 4000)
And when we got there, this is what we found...... Of Course!!!    Best in the West Nugget Rib Cook-off  is this weekend. This is the 21st annual Labor Day weekend event, which features 24 rib cooks vying for the title as well as $14,500 in total prize money. The event also features live music from national and regional acts, cooking demonstrations, craft booths and a rib-eating contest featuring professional competitive eaters. 500,000 plus people are expected at this year's event, which draws a fair amount of Reno-Sparks residents as well as tourists getting in a final summer event.  Admission is free, food and drink for sale. Located on Victorian Square. Another great reason to live in Sparks, Nevada!
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By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
Market Report for Sparks Nevada August 2009 Here are your market statistics for single family homes in the Sparks, Nevada area for August 2009: There were 130 single family homes sold in Sparks, Nevada during the month of August 2009. During the month of July 2009, there were 139 homes sold. There were 91 active pending homes during August. Of the homes sold during the month of August, 37 were short sale properties and 55 were bank owned. The average list price during the month of August was $165,00. The average list price for a single family home during the month of July was $191,000. The average sales pricefor a single family residence in Sparks, Nevada for August 2009 was $188,464. The average number of days spent on the market was 107 days.  Existing homes salesin Sparks, Nevada con...
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