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Fernley Homes and Real Estate Report September 2011

Fernley and the surrounding Truckee River area are Alive in Fall Colors!
Fernley has seen some stabilization in the median sales price for the past six months, similar to that experienced in the Reno/Sparks market.
Fernley Median Sales Price
September 2011 median price decreased 13.9% to $87.777 compared to $102,000 in August 2011. The median price is down 16.4% from the prior September. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Fernley Price per Square Foot Solds
Price per square foot is at $54.11. Fernley Homes Sold
September closed the month with 37 sold transactions down 11.6% from the prior month, and up 12.1% from September 2010. Fernley sales have continued to show signs of improvement for the past six months. Fernley Average Days on Market
The average days on market are up to 101 days, a decrease of 19.2% from the prior month. Fernley Days on Market (DOM) by Special Conditions
Short sales continue to influence the average days on market with over 159 DOM. Properties with no special conditions and REO show a range of between 83 and 91 DOM. There ... more

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