As of today there are only 795 stick built, single family homes for sale in the Reno-Sparks market. The Sparks/Spanish Springs areas only have 209 active listings which is approximately 26.28% of the total active inventory of homes for sale. The median price of these listings in Reno-Sparks is $323,900, but in Sparks/Spanish Springs the median is $269,900. Sparks/Spanish Springs has traditionally provided many buyers more home for the money over Reno. But what these low inventories mean for sellers is more competition for your property and typically upward trends in sales prices. Here is a breakdown of active home listings in the Sparks/Spanish Springs area as of today.
In one neighborhood that I researched today, The Highlands at Cimarron which is in the South Spanish Springs area, there were ZERO active listings today. The message to home owners who have considered selling their homes - NOW IS THE TIME!
Conversely the message to buyers is that you will face rising prices and stiff competition. The time to act decisively is now. Act quickly and present a strong offer to the seller.
If you or someone you know is looking to buyer or sell in the Reno-Sparks area, call me today at 775-815-7627.
