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Fallon, Nevada Real Estate and Homes May 2009
Fallon has seen a slight increase in distressed property activity, but nothing like Fernley is experiencing.
May produced 11 sales for stick-built homes.  7 were bank-owned:
list price    low  $66,900    average  $105,842    high  $133,900
sale price  low  $68,500    average  $110,642    high  $148,000
Interesting fact,  all the bank-owned sold for more than the list price
4 sales were regular seller/buyer:
list price   low  $119,900    average  $202,199    high  $299,000
sale price low  $107,000    average  $194,450    high   $288,000
Only 1 manufactured home sold after several years of trying, list price $226,500, sold  $226,500 (considerably reduced over the years)
June starts off with 193 listings that are stick-built.  22 are bank-owned, 20 short sales, 149 regular listings, 1 misc and 1 relocation.
bank-owned   low  $14,500    average $128,575   high  $249,900
short sales     low $99,000    average  $161,655   high  $265,000
regular          low  $66,500   average   $267,634  high  $1,800,000
Relocation is listed for $35,000
June manufactured listings are:
3 bank-owned    low  $92,800  average  $104,000   high  $114,400
no short sales
48 regular         low  $69,900  average  $152,265    high  $274,000
one probate sale
If you are thinking of buying or selling a home, call Sandra (775) 287-8222.  Ask about the First-Time Buyer USDA Rural Housing Program.  Low interest rates, no money down.
 
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