The end of winter, low home prices and interest rates are bringing out the buyers. We sold more homes in March than February.
The golf course had 9 homes sold in March, compared to 7 in February. All 9 homes were bank owned homes:
List price high $189,900 Low $104,900 Average $141,466
Sales price high $189,000 Low $ 80,000 Average $130,044
The average per sq.ft. list price was $76, the average per sq.f ft sales price was $69 and the average days to sell 150 days.
The rest of Fernley closed 39 homes in March, that is 10 more than February.
List price high $319,800 Low $ 56,000 Average $138,797
Sales price high $356,238 Low $ 49,900 Average $135,303
Of the 39 homes, 27 were bank owned, 5 short sales and 7 regular sales. The average per sq.ft. list price was $79 and the average per sq.ft. sales price was $77. The average days to sell was 167 days.
Starting off in April for listings it breaks down to 305 listings for Fernley AND the golf course.
Golf Course has 37 listings, 18 are short sales, 9 are bank owned and 9 regular listings.
List price high is $499,999, Low $92,500, Average $155,070. The average per sq.ft. price is $84 and average days on market are 127 days.
The rest of Fernley has 268 home for sale,
113 homes are bank owned and 81 short sales. The high list price is $4,200,000, Low $45,000 and the average is $172,187. The average days on market is 129 and average per sq.ft is $87.00.
The numbers indicate homes are selling and the number of short sales transactions indicates the banks are working very hard to make the sale. This means there will be less foreclosures down the road.
Fernley is still a popular place to live and right now it is MORE AFFORDABLE than before. The USDA Nevada Rural Bond Program offers no money down and very low interest rates.
The First-Time Buyer Tax Credit is putting money in their pockets!
Comments(0)