Fernley, Nevada Homes and Real Estate Report December 2013

By
Real Estate Agent with RE/MAX 4000 FA100032580

The 2013 market returned to its normal seasonality of a winter slow down with sales higher in the spring and summer months.

Fernley Median Sales Price

  • December 2013 median price was up 11.7% to $137,900 compared to $123,500 in November 2013 and up 43.6% compared to $96,000 in December 2012.
  • 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 Home Sold

  • December, 2013 homes sold was up 35.7% to 38 sales compared to 28 in November, 2013 and down -26.9% compared to 52 in December 2012.

Fernley Homes New Listings

  • December, 2013 new listings was up 3.2% to 32 compared to 31 in November, 2013 and up 23.1% compared to 26 in December 2012.

Fernley Homes Months Supply of Inventory  (Unsold Inventory divided by Sales per Month)

  • At of the end of December, there were 3.7 months of inventory based on the December sales rate.
  • The National Association of REALTORS® describes a balanced market as between 5 and 7 months supply.
  • Unsold inventory includes Active Pendings.

Conclusion

  • Fernley has seen a steady increase in median home price since April of 2012.  The median price in December 2013 was at $137,900 compared to November 2013 at $123,500 and up 44% over December 2012.
  • Like Reno, median price has leveled off after accelerated median prices during the starting in April 2012 and continuing through the first half of 2013.
  • Fernley sales trend mirrors Reno with a flattening in 2012 and then sales returning to the trend of summer highs and winter lows in 2013.
  • Fernley had 38 home sales in December 2013 compared to 28 in November 2013 and down 27% from December 2012.  December 2013 had the fourth highest home sales for a December in the past eight years.
  • Fernley's new listings in 2013 saw summer highs and winter lows, returning to a more normal trend.  Fernley's new listing inventory was down 3% from November 2013 and up 23% from December 2012.

To read the Fernley Market Reports- Dec 2013 with charts, graphs and five year history.

To read previous months and years.

 

Posted by

Sandra Mathewson

CRS ABR GRI SFR CDPE

RE/MAX 4000 Inc.

call or text (970) 261-1686

I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Grand Junction, Fruita, Palisade and surrounding real estate is truly something to be desired.

Visit my GrandJunctionHomesGuide.com website if you are considering buying or selling. You will find it as your best online source of information. How is the market doing? I'll keep you posted with the most current MLS reports. You can also search for homes for sale in Grand Junction (including Fruita, Palisade and surrounding areas). Read about the communities, events and things to do in this great Grand Junction, Colorado Lifestyle.

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