Fallon, Nevada Real Estate July 2009 - 08/17/09 09:04 AM
July was still a busy month for the town of Fallon home sales.
 
July had 27 stick-built homes sold, 13 of them were bank-owned.  That is just about 50% of the sales.
Bank-owned:
list price high $239,000  low $52,900  average  $128,084
Sold price high $227,500  low  $50,000  average  $122,832
Average days on market were 96
 
1 short sale listed at $265,000 sold for $260,000
 
13 regular owner sales:
list price high  $290,000  low  $75,000 average  $189,153
sold price high  $279,500  low  $63,500  average  $174,653
Average days on market were 231
 
6 manufactured homes sold in July:
5 … (0 comments)

Fernley, Nevada Homes and Real Estate July 2009 - 08/16/09 10:48 AM
July matched June's numbers for 57 home sales.  The market is alive in Fernley, although not well yet.  The sales show people are making their home in Fernley and supporting the local business community.
 
The golf course had 3 sales:
2 bank-owned #1 listed $89,900, sold for $87,500; #2 listed for $119,500 and sold for that.
 
1 relocation sale, listed for $159,900 and sold for $139,950
 
The rest of Fernley had 54 sales:
37 bank-owned:
   list price high $354,900  low  $44,900  average $115,049
sold price high $354,900  low  $44,900  average  $116,648
average days on market was 77
 
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Silver Springs, Nevada Real Estate July 2009 - 08/10/09 09:45 AM
 
Silver Springs is still avoiding the massive foreclosures and short sales that are happening in neighboring communities.  Hopefully, Silver Springs can dodge the bullet!
 
July had two sales in the stick built homes.  One was a bank-owned that was listed for $123,000 and sold for $113,000.  The other was a regular owner/investor sale, listed at $182,000 and sold for $175,000 (my listing).
 
Five manufactured homes were sold and all of them were bank-owned:
List price high  $101,900    low  $42,000, average  $70,820
Sold price high  $105,000  low    $42,000 Average $67,000
Average days on market were 180
 
August begins with 61 manufactured … (0 comments)

Big Brother Is Watching The Homebuyer Tax Credit Claims - 08/01/09 10:10 PM
The IRS claims to have  "sophisticated computer screening tools" to indentify tax returns that may contain fraudulent claims for the tax credit.  The IRS says it has executed seven search warrants and currently has 24 open criminal investigations of potential instances of fraud involving the credit.
"We will vigorously pursue anyone who falsely tries to claim this or any other tax credit or deduction" said Eileen Mayer, chief of the IRS' crimiminal investigations.  "The penalities for tax fraud ar steep."  Taxpayers should be wary of anyone who promises to get them a big refund."
Congress allocated $13.6 billion for the first … (0 comments)

 

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