June was a very busy month with 57 sales: 5 in the golf course and 52 in the rest of Fernley.
In the golf course there were 5 sales:
4 bank-owned sales $87,000 $109,600 $128,000 $175,000
1 short sale listed for $117,000 and sold for $117,000
The 52 sales in the rest of Fernley were as follows:
43 bank-owned sales
List price high $255,900 low $44,900 avg. $117,691
Sales price high $$255,500 low $48,000 avg. $117,087
Average days on market were 97 days with an average sq.ft. Price of $66.
The bank-owned homes are selling for more than asking because of demand and multiple offers on each property.
3 short sales sold:
List $140,000 sold $140,000
List $180,000 sold $170,000
List $245,000 sold $230,000
5 sales were regular owner sales:
List price high $239,990 Low $132,900 Average $168,558
Sales price high $225,000 Low $130,000 Average $146,000
1 Relocation sale:
Listed $149, 9000 sold for $142,000
July starts off with 273 listings:
Golf course has 33 listings:
6 bank-owned
List price high $155,900 Low $88,900 Average $119,600
21 short sales:
List price high $161,900 Low $94,900 average $129,900
5 regular seller listings:
List price high $499,999 Low $198,000 average $301,799
1 relocation listing $159,900
The rest of Fernley starts July with 240 listings:
84 bank-owned
List price high $2,790,000 Low $44,900 Average $139,587
106 short sales
List price high $365,000 Low $59,900 Average $117,755
48 regular seller listings
List price high $4,200,000 Low $89,000 Average $312,947
2 listings conditioned upon court approval
$145,000 and $290,000
Inventory is decreasing for now, bank-owned are in demand and the short sales are still increasing.
What is fueling the sales: low, low prices below prices 10 years ago, low interest rates and the First-Time Homebuyer Tax Credit.
Thinking about Fernley? Sandra is the market specialist for Fernley and surrounding communities.
Every attempt has been made to give accurate results.
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