Summary: November sales are down 10% over last year, but year-to-date unit sales are keepiong pace with 2010 and we have also seen relative stable prices seven out of the past eight months. These are positive indicators for the residential housing market. Fernley Homes Median Sales Price November 2011 median price increased 2.1% to $83,859 compared to $82,100 in October 2011. The median price is down 23.8% from the prior November. 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 Homes Price (0 comments)
I also do property management and I just closed out the file for one of my tenants, Dale and Tiffany. Dale and Tiffany were tenants for 6 years! They got married and had their first child during this time. For the past year they have been dreaming of their own home, diligently searching all the listings. Their lender had them on the path to homeownership and showed them what to with their financials and improve their credit. Moving day into the new home came a few weeks ago, I did a post and video with Dale and Tiffany in their new (4 comments)
Fernley, Nevada HUD home in golf course SOLD! A great neighborhood and a HUD home with a lot of potential sold for $50,000 cash. A 3 bedroom, 2 bath, 2 story home 1560 square feet with a two car garage on a .19 lot. The previous owners did not take very good care of the home so the home needs some rehab. Most of the work is cosmetic which includes drywall work, paint, new carpet and general clean up. An open floor plan and the upstairs is the master bedroom, full bath and a huge loft/office. My buyers from California (0 comments)
Fernley Bank Owned Home in Donner Trails SOLD This wonderful 3 bedroom, 2 bath 1098 square foot home with a two car garage in Donner Trails was in immaculate condition. For a bank owned home it had fresh paint, a fireplace, and the original carpet was like new. An open floor plan, eat in kitchen and two glass doors to the back patio, one from the master bedroom and one from the kitchen. The landscaping can be easily restored with water and there were sevral nice trees, a big patio and nice shrubs. My lady buyer came from the Oregon (0 comments)
This bank owned, 1834 square foot home with 3 bedrooms, 2 baths and two car garage on a quarter acre lot has so much potential. There is an entry, expansive living room with gas fireplace, kitchen with nook and large pantry. High ceilings, plant shelves, formal dining room, and big family room, central A/C are all the things that attracted Rob and Crystal to this home. The house sits on a cul-du-sac, so the lot is pie shaped which yields an immense rear yard, no rear neighbors and mountain views. Rob called Sandra one afternoon inquiring about one (2 comments)
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 (0 comments)
Move into style in this traditional two story home in Fernley! Unbelievable living space and features in this 3388 square foot, 4 bedrooms, 3 full baths and 1 half bath, 3 car garage ... you'll love to call this home! Situated on a .17 corner lot in this quiet residential village has privacy and elegance. A leaded stained glass front door welcomes you into the great living room and dinning room combination. A dramatic arched opening with slab granite top divides the living room with the oversized family room. A full wall encasses the media storage area and (4 comments)
Property Details Listing Price: $51,500 Address: 339 Garden Lane City: Fernley State: Nevada Zip Code: 89408 County: Lyon Status: Active Pending MLS #: 110014169 Square Feet: 994 Bedrooms: 2 Bathrooms: 2 Basement: none Additional Features Open floor plan with high ceilings and ceiling fans in every room. The kitchen has a large pantry and all the appliances are new: black side by side refrigerator, smooth top electric range with double oven, new stainless sink and faucet, new disposal and new dishwasher. The guest bath has a new sink, new faucet and new light fixtures. Master bedroom is in (0 comments)
Beautiful and Immaculate, shows like a model home! This is your opportunity to own this 3 bedroom, 2 bath home with a 3 car garage at 267 Wildwood St. in Fernley, Nevada. This is a short sale with only one lender and the owner's have been reclocated to the east coast and are maintaining the home. Some of the features include, high ceilings, plant shelves, ceiling fans, upgraded carpet and two tone paint and custom window coverings throughout. All the appliances, refrigerator, washer and dryer are included in the sale along with an security alarm system. Fully landscaped .14 lot with (0 comments)
Summary: Home sales in the Fernley area have remained improved but have not performed at 2010 levels for the first six months of year. Median price recovered a little in June, but we have continued to see a settling in median price since the September 2010 expiration of the tax credits. Fernley Homes Median Sales Price June 2011 median price increased less than 1% to $86,400 compared to $86,000 in May 2011. The median price is down 21.5% from the prior June. Median price is defined as the mid-point, where, for the time period identified, the price for one half (0 comments)
Fernley Homes and Real Estate Summary Our year-over-year number of home sales indicates more buyers and investors are realizing it is an opportune time to purchase a home versus a year ago. Median price recovered a little in July, but we have continued to see a settling in median price since the September 2010 expiratiion of the tax credit. Fernley Homes Median Sales Price July 2011 median price increased less than 1% to $85,565 compared to $84,900 in June 2011. Fernley Homes Price per Square Foot Solds Price per square foot is at $55.03. Fernley Homes Sold July closed the (0 comments)
The Fernley Golf Course Community is about 5 miles east of Fernley from the round-about and there are over 500 homes built around the meandering golf course. This is the one of the more popular areas to live in Fernley. Most of the homes have a panoramic west mountain view. The homes are custom homes built by many different builders, but a few of the homes have been duplicated throughout the subdivision. Average home price right now in the golf course.......$110,000, and that will buy you a very nice home! Search for homes in the Fernley Golf Course Community. (0 comments)
fernley remax: Fernley Homes and Real Estate Market Report April 2011
- 05/30/11 03:51 PM
Summary: We are continuing to see settling in the median price and the news is "the affordability door is open to buyers". This means that a single-income household, earning approximately $12.00 per hour, can now afford the median price home in Fernley. Fernley Homes Median Sales Price April 2011 median price decreased by 3.1% to $79,950 compared to $94,950 in March 2011. The median price is down 13.9% from the prior April. Median price is defined as the mid-point, the price half of the sales for the time frame are below and half are above. Fernley Homes Sold April ended the (0 comments)
Summary: March 2011 is the fourth highest month for unit sales for a March since 1989 and only two unit sales off March 2010, which was influenced by the tax credit. With the current affordable median sales prices and historic low interest rates, individuals and familes are finding that there are tremendous housing deals to be found. An individual or family with an income of about $24,000 can afford the median price home in the Fernley area. Fernley Median Sales Price March 2011 median price decreased by 12.9% to $94,950 compared to $109,000 in February 2011. The median price is (0 comments)
Summary Sales of single family homes in Fernley are at a 2008 sales rates, prior to the influence of tax incentives. This trend paired with the fact that median sales prices have stayed fairly level for 13 consecutive months is a good sign for the Fernley housing market. Although it is impossible to say if we have hit bottom and are now rebounding, we reamin cautiously optimistic. Fernley Homes Median Sales Price February2011 median price increased by 43.4% to $109,000 compared to $76,000 in January 2011. The median price is up 4.0% from the prior February. Median price is defined (0 comments)
Seven Tips About Rental Income and Expenses When to report income.
You generally must report rental income on your tax return in the year that you actually receive it. You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of renting property can be deducted from your gross rental income. You generally deduct your rental expenses in the year you pay them. Publication 527, Residential Rental Property, includes information on the expenses you can deduct (4 comments)
USDA Home Loans will be having a major change come the fall of 2011...What's the major change? USDA Loans will now have annual mortgage insurance, which is also known as monthly mortgage insurance (MIP). The change in the program begins October 1, 2011. The charge will be .30 basis points, look at the example below: A change to the USDA Loan program will impact first time home buyers the most. As you can see, currently, there is no monthly mortgage insurance. The monthly fee will be be based on the guaranteed loan amount. You can use simple math and for (1 comments)
Summary: The year has started on the right foot with a continued lateral trend in year-over-year median sales price. With a less volatile price movement, both buyers and sellers can anticipate and plan appropriately with a sense of stabilization in the market. We experienced the second highest number of home sales for the month of January in the past decade. Although it was a drop in sales month-over-month, we can attribute the drop in numbers to the fact that many buyers rushed to purchase a home in December for the tax implications. It is fairly normal to see this type (0 comments)
Summary: Although there was a drop in sales month-over-month, we can attribute the drop in numbers to the fact that many buyers rushed to purchase a home in December for the tax implications. It is fairly normal to see this type of month-over-month decrease in unit sales from December to January. Fernley's January sales were down slightly from January 2010 and up from 2009. Fernley Median Sales Price January 2011 median price decreased by 22.3% to $76,000 compared to $97,850 in December 2010. The median price is down 35.6% from the prior January, the lowest January in more than a (2 comments)