Sandra Mathewson, CRS, ABR, GRI

Fernley has shrugged off the high "distressed Property" designation title by the lending industry and just continues to churn out sales.

Majority of the buyers are First Time Buyers and they are getting the deals and the $8000 tax credit.

October's numbers are still keeping pace with the past 7 months:

Total sales of residential homes in Fernley are 60 for the month of October.

The golf course had 5 sales:

Two bank owned both sold for $143,000, 3 short sales sold for $120,000, $143,000 and $132,500

The rest of Fernley had 55 sales:

30 bank owned with an average price of $97,710 and $59 per sqft

9 short sales with an average price $114,9555 and $61 per sqft

16 regular seller with an average price of $131,893 and $78 per sq.ft.

November started off with 257 listings city wide.

The golf course has 38 listing:

6 bank owned average price of $103,750

23 shorts sales average price of $125,169

9 regular seller average price $217,177

Rest of Fernley has 219 listings:

58 bank owned average list price $123,165

118 short sales average list price $110,210

41 regular seller average list price $295,939

1 court ordered and one relocation

On November 5, 2009, Fannie Mae introduced a new program designed to minimize family displacement, deterioration of neighborhoods caused by vandalism and theft to vacant homes, and the effect these have on families, communities and home price stabilization.

Called "Deed-for-Lease" (D4L) allows qualifying borrowers of properties transferred through deed-in-lieu (DIL) of foreclosure to remain in their home and community by executing a lease of up to 12 months in conjunction with a DIL. Investment properties that are tenant-occupied may also be considered as long as the borrower is cooperative in providing information from the tenant to facilitate the D4L.

For more information on the Deed-For-Lease Program, please visit www.efanniemae.com

11/17 I received an email from Chris Thorman at Software Advice and Chris put together some great information comparing mortgage rates v. rental rates in the top 10 metro areas to see if it even makes sense, read more here

(Thanks Chris!)

Located 32 miles east of Reno on Interstate 80, where 80 meets U.S. Highway 50 and U.S. Alternate 95. Our population is approximately 18,000 and the landscape is mostly desert with the mountains as a backdrop.

The town was established in the early 1900's, we incorporated and became a city in 2001. Since then, a lot of changes have come our way, but we still remain the family oriented small town that drew most of its current residents.

We have bright blue skies almost year-round, 4 seasons and mild winters. An abundance of recreational opportunities and in close proximity are Pyramid Lake and Lake Lahontan and thousands of acres of Bureau of Land Management (BLM) land for public use.

Affordable housing is our big draw right now. We started 2009 as a "distressed property" area, but as home prices fell, the bargains began and we now have a great demand and homes are being snapped up quickly.

Traffic is not a issue in our town and most residents commute to Reno/Sparks for employment which is only a 30 minute drive.

We have a full time fire department and paramedic response, Lyon County serves as our law enforcement. Something is always going on in the community and we have our own Facebook page (Fernley, Nevada) that keeps the fans informed.

Our Crossroads Industrial Park is home to the some of the biggest names.

Our schools are top notch and the students excel.

We love our local shopping and restaurants.

Take a look at our community.

Visit www.SoldOnFernley.comfor information about Fernley and the surrounding communities.

I wanted to tell you about a free new service to you called ListingBook.com

If you are thinking about buying or selling, already in the process, Listingbook is your destination for real estate information YOUR WAY.

Listingbook provides complete, up-to-the-minute real estate information, straight from the Multiple Listing Service

Come on over and sign up today to get the most up to date information available to help you stay informed.

For Buyers

• Conducts instant property searches

• Obtains personalized service from agents

• Communicates instantly with agents

• 24/7 in-depth detail on properties

• Price history

• Photos

• Days on market

• Price reduction notifications

• New listing alerts and more

For Sellers

• Compares area sales in their neighborhoods

• Obtains showing feedback from their agents

• Receives monthly summaries from agents

• Competitive up to the minute market data

• 24/7 access to information on your competition

• Local price trends

• Daily morning reports showing recent activity

o Price changes

o New listing alerts o How many views of your property

o How many marked your property as a favorite

With Listingbook, everything is just a click away!

My favorite time of the year......driving between Fernley and Reno/Sparks the Truckee River follows I-80. When Fall arrives, you can't help but look at the trees turning colors for the 38 +/- miles.

Today was such a wonderful day. It was Sunday, the First day of November and a balmy 70 degrees. I grabbed both of my cameras and told my husband I would be gone for about 2 hours.

Trying to get down the river is challenging. Almost all of the scenic spots are private roads leading to private homes. The best I could do was pull off by the bridge in Painted Rock. I was not disappointed, it was beautiful, scenic and no one around.

The Truckee River is 116 miles long, and at Painted Rock the elevation is 4163'. Painted Rock is 6.4 miles west of Fernley.

The Truckee River has been abused and there is currently a 9 year $20 million restoration project taking place. The work is taking the damaged and degraded river system and reshaping it into a sanctuary for birds and wildlife as well as a vital resource to the community.

Home to Lahontan Cutthroat Trout, cui-ui (endangered), Northern Leopard Frog, Western Pond Turtle and many birds. The river is also important for recreational activities and tourism.

Today, it was just the Truckee River in all it's beauty flowing by as I snapped photos from the bridge. Oh yes, a Red Tail Hawk screeched as he flew over my head.

Visit Northern Nevada, better yet MOVE HERE! YOU WILL LOVE IT!