Silver Springs, Nevada is a very small town, usually overlooked, but I think it has a bright future. Rural, lots of land available and right in the middle of Fallon, Fernley, Carson City and the new highway coming right towards it.
For March of 2009:
2 stick built homes were sold, #1 list price $99,900, sold for $97,000 @$74.39 sq.ft. This was a bank-owned property. #2 listed at $190,000, sold for $160,000 @$93.57 sq.ft.
7 manufactured homes were sold, 5 were bank-owned 2 were regular sales.
High list price $190,000 Low list price $24,900 Average list price $83,821
High sale price $160,000 Low list price $24,900 Average list price $73,400
Average days on market was 120 days.
Heading into April:
18 stick built homes: High list $309,500 Low $89,000 Average $168,063
Average days on market 304, 4 bank-owned, 1 short sale, the rest regular listings.
53 manufactured homes High list $281,900 Low $44,500 Average $139,988
Average days on market 201, 3 bank-owned, 4 short sales, 1 subject to court approval, the rest regular listings.
Reno/Sparks and Fernley are all seeing an big jump in sales due to low prices on bank-owned homes, low interest rates and the First-Time Homebuyer Tax Credit. With the Nevada Bond Program you can purchase a home with no money down. The $8000 tax credit comes back to you in cash if you don't owe any taxes. Call Sandra (775) 287-8222 for more information. Or go to: www.SoldOnFernley.com