Fallon, Nevada Real Estate and Homes May 2009

By
Real Estate Agent with RE/MAX Authority

Fallon has seen a slight increase in distressed property activity, but nothing like Fernley is experiencing.

May produced 11 sales for stick-built homes.  7 were bank-owned:

list price    low  $66,900    average  $105,842    high  $133,900

sale price  low  $68,500    average  $110,642    high  $148,000

Interesting fact,  all the bank-owned sold for more than the list price

4 sales were regular seller/buyer:

list price   low  $119,900    average  $202,199    high  $299,000

sale price low  $107,000    average  $194,450    high   $288,000

Only 1 manufactured home sold after several years of trying, list price $226,500, sold  $226,500 (considerably reduced over the years)

June starts off with 193 listings that are stick-built.  22 are bank-owned, 20 short sales, 149 regular listings, 1 misc and 1 relocation.

bank-owned   low  $14,500    average $128,575   high  $249,900

short sales     low $99,000    average  $161,655   high  $265,000

regular          low  $66,500   average   $267,634  high  $1,800,000

Relocation is listed for $35,000

June manufactured listings are:

3 bank-owned    low  $92,800  average  $104,000   high  $114,400

no short sales

48 regular         low  $69,900  average  $152,265    high  $274,000

one probate sale

If you are thinking of buying or selling a home, call Sandra (775) 287-8222.  Ask about the First-Time Buyer USDA Rural Housing Program.  Low interest rates, no money down.

 

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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 Reno, Sparks and Fernley real estate is truly something to be desired.

Whether you are considering buying or selling, you can visit me at my Reno, Sparks, Fernley homes for sale website. You will find my website 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 Reno NV (including Sparks, Fernley and surrounding areas). Read about the communities, events and things to do around Reno NV in this great Northern Nevada Lifestyle.

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