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Fallon, Nevada Real Estate July 2009

By
Real Estate Agent with RE/MAX 4000 FA100032580

July was still a busy month for the town of Fallon home sales.

 

July had 27 stick-built homes sold, 13 of them were bank-owned.  That is just about 50% of the sales.

Bank-owned:

list price high $239,000  low $52,900  average  $128,084

Sold price high $227,500  low  $50,000  average  $122,832

Average days on market were 96

 

1 short sale listed at $265,000 sold for $260,000

 

13 regular owner sales:

list price high  $290,000  low  $75,000 average  $189,153

sold price high  $279,500  low  $63,500  average  $174,653

Average days on market were 231

 

6 manufactured homes sold in July:

5 regular owner sales:

list price high  $290,000  low  $75,000  average  $189,153

sold price high  $279,500  low  $63,500 average  $174,653

Average days on market were 257

 

1 court approval required sale, listed at $145,000 sold for $135,000.

 

 

August starts with 183 stick-built homes listed:

140 regular owner listings:

list price high  $1,800,000  average  $49,900  average  $250,508

 

23 bank owned listings:

list price high  $249,000  low  $45,000  average  $136,120

 

20 short sale listings:

list price high  $198,000  low  $39,999  average  $128,624

 

57 manufactured homes are currently listed:

7 bank-owned:

list price high  $175,000  low  $70,000  average  $103,385

 

1 short sale listed at $105,000

 

49 regular owner listings:

list price high  $375,000  low  $70,000  average  $160,318

 

Demand is still strong being fueled by the $8000 First-Time Homebuyer Tax Credit, low interest rates and record low prices on homes.

 

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