Legends Malls in Sparks, NVYesterday, we tackled Reno's market. Today, our blossoming neighbor--Sparks.
The Sparks real estate market have been treated like a middle child. But there's no denying Sparks growth. Population has grown over 80,000. The area has sold around 56 homes (every month) in the last year. Sparks has been voted 100 best place to live by CNN MONEY in 2007. More and more of my buyers want to settle here.
Ken Allen, a friend of mine who moved to Sparks five years ago, talks about his proud city like he's from New York "everything you have in Reno, we have here but more." Can't blame the boy, Sparks has blossomed in the last five years.
Sparks Real Estate Market In The Last Six Months: here, we'll see the demand, under contract and median price in the Sparks market.
Time Line: May 18, 2009 - Oct 19, 2009 (6 months)
Sparks Homes Under Contract:
(click image to enlarge)Sparks Homes SOLD:
(click image to enlarge)Sparks Median Home Price:
(click image to enlarge)Similar to what's happening in the Reno real estate market, the past twelve months have sparked a glimmer of hope. Though you will still hear horror stories "that home was $900,000, now it's selling for $450,000." The same could be said of Reno and other nearby cities.
In spite being hit hard by the recession (11%+ unemployment ), Sparks has fought back. Legends, a fashionista's mini heaven, recently opened. Scheels, an unbelievably gigantic all sports store has a 65-foot ferris wheel inside.
And the intangibles, roaming around the city, you won't feel any negative vibe. It's a great place to live. There's always something for the family.
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