For awhile Fallon was avoiding the foreclosure mess, but they have crept in and are affecting the values.
March 2009 14 homes were sold, 8 were bank-oned, 1 short sale, 5 regular sales.
High list price $279,500, Low $79,900 Average $160,707
High sale price $269,000 Low $75,000 Average $153,342
Average days to sell 196 days, average sq.ft. cost was $92
Starting off in April 2009
28 are bank-owned high list price $299,900 Low $24,900 Average $121,692
16 short sales high list price $265,000 Low $99,000 Average $182,168
Average days on market are 151 days
136 regular listings high list price $729,500 Low $66,500 Average $264,802
Average days on market are 192 days
With low interest rates, and rock-bottom prices on bank-owned homes sales are picking up. The Nevada Bond Program provides for no-money down and the First-Time Home Buyer Tax Credit is good for $8000. (Some restrictions apply)
Call Sandra at (775) 287-8222 for more information or visit www.SoldOnFernley.com
(Every attempt has been been to provide factual information)