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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