For the month of April 2009, Fallon had 13 sales (14 in March) so things are still moving. Of the 13 sales all were stick built homes. Six were bank-owned, the rest were regular owner sales.
List price high $399,900 Low $40,000 Average $143,084
Sold price high $335,000 Low $45,500 Average $132,873 Average days on market 107
May starts off with 233 listings, 183 stick built and 50 manufactured homes.
Stick built homes, 29 are bank-owned, 15 are short sales
List price high $729,500 Low $19,900 Average $234,562 Avg. $124 per sq.ft. Avg. 187 days
List price high $274,000 Low $69,900 Average $151,201 Avg. $96 per sq.ft. Avg. 216 days
If you are thinking of purchasing a home, don't forget about the USDA Nevada Rural Bond Program that is no down payment. The First-Time Home Buyer Tax Credit of $8000 is in effect until 12/31/09. If you don't owe any taxes and are due a refund, the tax credit is added to your refund.
Call Sandra at (775) 287-8222 for more information or visit www.SoldOnFernley.com
(Every attempt has been made to provide factual information, please consult a professional lender or tax advisor).