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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
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)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.