Sandra Mathewson, CRS, ABR, GRI

Sales of homes in Fernley are proof that the town intends to recover from the stigma of the foreclosures. August was another month of record resales.

How can you not love a town like Fernley?

August had 57 homes sold, 6 in the golf course and 51 in the rest of Fernley. Here is how it breaks down:

Fernley, 51 homes sold:

32 bank owned homes:

list price high $176,920 low $42,000 average $102,348

sold price high $173,000 low $45,000 average $102,932

average days on market were 93 average $59 per sq.ft.

12 short sales:

list price high $179,500 low $69,900 average $131,466

sold price high $186,000 low $60,000 average $131,466

average days on market 130

7 regular seller (not distressed) sales:

list price high $229,900 low $199,900 average $160,914

sold price high $199,900 low $113,500 average $152,057

average days on market 68

The golf course community had 6 sales:

6 bank owned:

list price high $129,900 low $88,900 average $103,360

sold price high $126,000 low $100,000 average $109,500

average days on market 68

1 short sale:

listed at $109,900 sold for $109,900 in 219 days

September is starting off with the lowest number of listings in quite a long time:

All of Fernley has 207 listings:

54 bank owned, list price high $1,950,000 low $34,900 average $131,948

average days on market 69

110 short sales, list price high $317,500 low $55,000 average $112,710

average days on market 108

43 regular seller, list price high $4,200,000 low $74,900 average $296,942

The golf course community starts with 37 listings:

8 bank owned, list price high $149,900 low $77,900 average $113,137 average days 48

23 short sales, list price high $160,000 low $74,900 average $127,521 average days 77

6 regular seller sales, list price high $499,999 low 180,000 average $279,166, average days 217

Looking for a home in Fernley? Call Sandra (775) 287-8222

And when we got there, this is what we found......

Of Course!!! Best in the West Nugget Rib Cook-off is this weekend.

This is the 21st annual Labor Day weekend event, which features 24 rib cooks vying for the title as well as $14,500 in total prize money.

The event also features live music from national and regional acts, cooking demonstrations, craft booths and a rib-eating contest featuring professional competitive eaters.

500,000 plus people are expected at this year's event, which draws a fair amount of Reno-Sparks residents as well as tourists getting in a final summer event. Admission is free, food and drink for sale. Located on Victorian Square.

Another great reason to live in Sparks, Nevada!

See the video for Steve's Homemade Ice Cream by clicking on the photo or click Here

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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July matched June's numbers for 57 home sales. The market is alive in Fernley, although not well yet. The sales show people are making their home in Fernley and supporting the local business community.

The golf course had 3 sales:

2 bank-owned #1 listed $89,900, sold for $87,500; #2 listed for $119,500 and sold for that.

1 relocation sale, listed for $159,900 and sold for $139,950

The rest of Fernley had 54 sales:

37 bank-owned:

list price high $354,900 low $44,900 average $115,049

sold price high $354,900 low $44,900 average $116,648

average days on market was 77

10 short sales:

list price high $279,900 low $79,900 average $150,570

sold price high $240,000 low $79,000 average $143,300

average days on market was 225 days

5 regular owner sales:

list price high $299,000 low $124,900 average $205,860

sold price high $250,000 low $123,000 average $183,200

2 court approval required sale, listed $145,000 sold for $148,000

1 relocation sale, listed $150,000 sold for $140,000

Starting off August we have 249 listings for all of Fernley.

The golf course has 36 listings:

9 bank-owned, list price high $149,900 low $86,400 average $117,400

21 short sales, list price high $160,000 low $74,900 average $130,619

6 regular seller listings, list price high $499,999 low $180,000 average $279,166

The rest of Fernley has 213 listings:

68 bank-owned, list price high $176,920 low $39,900 average $98,143

98 short sales, list price high $250,000 low $59,500 average $112,498

44 regular seller listings, list price high $4,200,000 low $74,900 average $307,412

1 court approval required listing for $290,000

2 with other conditions $225,000 and $1,950,000

Statistics are for stick-built homes only. Every attempt has been made to be accurate.

Fernley has a Facebook page: http://facebook.com/fernleynevada