Let’s take a look real estate sales in the Sparks-Spanish Springs area for 2016. Sales of homes in the Sparks-Spanish Springs account for 32.14% of the total sales in the Reno-Sparks metropolitan area. The median price for homes sold in the Sparks-Spanish Springs area in 2016 was $288,500. Homes in Sparks on average sold in 88 days on the market and at 98.80% of listed sales price.
Let’s look at the stats by neighborhood.
|# Sales||Median Price||Avg Days||List/Sale Ratio|
|Sparks – East||457||$245,000||83||99.06%|
|South Spanish Springs||469||$332,000||97||99.01%|
|West Spanish Springs||268||$309,450||89||98.89%|
|East Spanish Springs||58||$440,000||106||98.56%|
As of today there are currently 243 active listings in all of these Sparks-Spanish Springs neighborhoods with a median price of $340,000. This is in comparison to 729 in Reno that are listed at a median price $469,000. Buyers looking for more home for their money should consider Sparks-Spanish Springs.
Sellers in the Sparks-Spanish Springs area can take advantage of currently low inventories. In Sparks-Spanish Springs there is currently 2.7 months of inventory, in comparison to Reno at 3.1 months.
The Shocket Team at Dickson Realty has been a part of the Sparks community for over 20 years. If you are looking to buy or sell we can help.