realtors in fernley: Fernley Homes and Real Estate Market Report February 2012 - 04/01/12 12:52 PM

February single family home sales in the Fernley are up 18.5% over February 2011 and have remained stable over the past year!
Fernley Median Home Sales Price
February 2012 median home price decreased 5.4% to $74,000 compared to $78,250 in January 2012. The median home price is down 31.5% from the prior February. 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 per Square Foot Solds
Price per square foot is at $50.42 Fernley Number of Homes Sold
February closed … (1 comments)

realtors in fernley: Fernley Homes and Real Estate Market Report August 2011 - 02/16/12 10:18 PM

Fernley Homes and Real Estate
Fernley prices continue to stabilize, this paired with the fact that median sales prices are up and continue to settle indicates we just may be at the bottom. Of course market conditions will continue to be influenced by high unemployment. Although there are media reports of a 'double dip' recessiion, the current median sales price and historic low interest rates make this a good time to buy, especially for those that have been on the fence. Fernley Homes Median Sales Price
August 2011 median price increased 17% to $100,000 compared to $85,565 … (0 comments)

realtors in fernley: Fernley Home Loans Now 3.35% Nevada Rural Housing Authority Program - 08/17/11 05:34 PM

Nevada Rural Housing Authority....Home At Last ™ Plus
The Nevada Rural Housing Authority continue to make the dream of buying a home a reality for many moderate income Nevada households. Home At Last™ Plus offers a great, below market mortgage rate, plus down payment assistance in the form of a cash grant.
What does the Home At Last™ Plus offer buyers:
FREE cash down payment grant equal to 3% of loan amount (never has to be repaid) 3.85% 30- year fixed mortgage rate or
3.35% 30 year fixed mortgage rate (without down payment grant) Instant home equity No asset limits … (0 comments)

realtors in fernley: Fernley, Nevada Golf Course Community - 08/12/11 03:47 AM

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.

realtors in fernley: IRS 7 Tips About Rental Income and Expenses - 03/14/11 04:04 PM

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)

realtors in fernley: Fernley Homes and Real Estate Market Report January 2011 - 02/26/11 03:37 AM

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)

realtors in fernley: NASCAR Comes to Reno-Fernley Raceway - 11/27/10 06:21 AM

NASCAR and Reno-Fernley Raceway announced that the .375 mile banked clay oval will be part of the NASCAR Whelen All-American Series beginning in 2011
The desert jewel is located 30 miles east of Reno, Nevada, just south of Fernley, Nevada.  It originally opened in 1998 and the natural terrain provided a bowl-like setting for the track.
The facility is owned by Rich Cable and promoted by Jan Hodges.  It will host NASCAR sanctioned races on Saturday nights and dirt Modifieds will be The Oval's Division 1.
The racetract is considered to have the fastest three-eights mile clay oval in … (0 comments)

realtors in fernley: Fernley Homes and Real Estate Report September 2010 - 11/02/10 07:14 AM

Fernley Homes and Fernley Real Estate Summary:
Fernley Homes Median Sales Price
September 2010 median price increased by 1% to $105,000 compared to $103,750 in August 2010. The median sales price has been relatively stable for the past sixteen months. Median price is defined as the mid-point, half of the sales for the time frame are below and half are above.  
Fernley Homes Sold
September ended the month with 32 sold transactions an increase of 6.7% from the prior month. Sales were down 20% over the same period last year. Fernley Homes Average Days on Market
The average days … (0 comments)

realtors in fernley: Fernley Homes and Real Estate Report August 2010 - 10/01/10 04:23 AM

Fernley Homes and Real Estate monthly report provides information on homes sold, homes for sale, bank-owned and short statistics for Fernley, Nevada.
The median sales prices continues to  level out, and we remain cautiously optimistic that this trend will continue.  However, for the remainder of 2010 we are returning to a real estate market that is no longer motivated by buyer tax credits and other government interventions.  The comparisons we make with the prior year will continue to use non-incentive sales from this year to compare with last Fall sales to meet the old November 30, 2009 tax credit … (0 comments)

realtors in fernley: Five Signs It's Time To Hire A Property Manager - 08/22/10 05:34 AM

Do you have a home to rent in Fernley or Sparks and are tired of the amount of time it takes?
For many investors, managing rental properties is their passion.  However, often times when the "hands-on" day-to-day job starts to feel overwhelming, that's when landlords begin looking for help.  Let's take a look at some of the most popular signs that it's time to consider a property manager.
You have a lot of rental properties
One or two properties are usually manageable for a landlord.  Yet, once you start taking on multiple units, the work and the potential problems … (2 comments)

realtors in fernley: Google and Finding A Realtor - 07/31/10 11:09 AM

realtors in fernley: Fernley Homes and Real Estate Report June 2010 - 07/31/10 03:31 AM

Fernley homes and real estate  monthly report provides information on homes sold, homes for sale, bank owned and short sales statistics.
"As anticipated, we saw an increase in the volume of closed sales during the month of June, many by buyers who were attempting to get in under the June 30 deadline to close deals in order to qualify for the tax credit.  It wasn't until the midnight hour that Congress extended the deadline to those buyers who, through no fault of their own, were unable to meet the deadline.  As a result of that extension, buyers who qualified … (2 comments)

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