Sparks Real Estate: Supply (Updated)

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                 "I want you to win in the Sparks real estate market"

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About:  

We'll review the number of homes for sale in Sparks for the period of November 2005 - March 2010

WIIFM (what's in it for me?): 

I want you to win in the Sparks real estate market.  And the best way I know how to make this happen is to help you better understand the Sparks real estate market through concrete statistics and figures.  We'll keep it simple, I promise.

Highlights:

• (March 2010) Supply of homes in Sparks is down to 766. 
  

• (January 2010) Sellers still afraid of the market.  Median price seems to be settling at $150,000.  Buyers of homes below $160,000: demand is great, be smart in making offers, there are a lot of buyers in this range.
  

• (August 2009) Prices are yet to find a bottom but I wonder if the $150,000 and below market already found a bottom.  The demand has been great in this price range(first time home buyers and investors.)
  

• (July 2009) Trend continues: supply down, demand up! Prices are still going down.
  

• (June 2009) Spark's supply of homes inched up higher but is still relatively low compared to the last four years ago.

• (May 2009) Lower yet again.  Supply is taking too long to catch up with demand. 

• (April 2009) Lowest supply in the last two years!

• (February 2009)  Homes for sale down by fifteen homes.  But higher compared to the same time last year (see: graph).  Could last year be the bottom of inventory??

• (January 2009) Inventory remain relatively low since I started gathering the numbers in Dec 2005 (graph below).

• (December 2008) Looks like supply is moving steadily since December of 2006.  Though I'd love to see early 2006 numbers come back(see graph).

• (November 2008) Sellers are still luke warm.  You can sense their lack of confidence in the market.  Yet we still have more homes in the market compared to last year of the same month (Nov)

• (October 2008) Basing it on the number of homes for sale, sellers are still uneasy about the market.  I reckon though that it may not be such a bad idea to sell now.

• (Aug 2008) Demand has been stable for the past two years.  Supply of homes is low  while prices continue to find a bottom.  I hope sellers' confidence continue to grow.  It's not an easy market for our neighbors in Sparks, but keep your eyes open on what's happening. This will aid you in making good decisions when the opportunity presents itself.

• (May 2008) Inventory continue to go up.  Sellers are slowly capitalizing on the increase in buyers. (see: Sparks real estate: demand)

• Although sellers are starting to come out, the numbers are just average to lower compared to 2006-2007 figures (see graph). 

Graph:

Raw Numbers:

Mar '10:  766

Feb '10:  802

Jan '10:  796

Dec '09:  781

Nov '09:  832

Oct '09:  886

Sep '09:  871

Aug '09:  869

July '09:  901

June '09:  898

May '09:  923

Apr '09:  971

Mar '09:  1,027

Feb '09:  1,044

Jan '09:  1,046

Dec '08:  1,037

Nov '08:  1,069

Oct '08:    1,090

Sep '08:   1,090

Aug '08:   1,090

Jul '08:    1,085

Jun '08:   1,086

May '08: 1,038

Apr '08: 1,011

Mar '08:  976

Feb '08:  943

Jan '08: 934

Dec '07: 920

Nov '07: 1,018

Oct '07: 1,077

Sep '07: 1,130

Aug '07: 1,240

Jul '07: 1,248

Jun '07: 1,230

May '07: 1,202

Apr '07: 1,140

Mar '07: 1,088

Feb '07: 1,022

Jan '07: 1,086

Dec '06: 1,046

Nov '06: 1,190

Oct '06: 1,308

Sep '06: 1,442

Aug '06: 1,565

Jul '06: 1,617

Jun '06: 1,583

May '06: 1,548

Apr '06: 1,328

Mar '06: 1,196

Feb '06: 1,128

Jan '06: 1,083

Dec '05: 1,106

Nov '05: 1,195

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Call Joe (775-338-7653) to see the best homes at the best price in Sparks today!
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* Sparks Residential homes site/stick built

Updated:  April 2010

Number of updates: 20'th

Source: Multiple listing Service via Broker Metrix

Next Release Time: May 14,2010 (Every 14'th of the month)