Fernley, NV Real Estate News

By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
  Fernley Homes and Real Estate Summary: Fernley prices continue to stabilize, this paired with the fact that median sales prices are up and continue to settle indicates we just may be at the bottom. Of course market conditions will continue to be influenced by high unemployment. Although there are media reports of a 'double dip' recessiion, the current median sales price and historic low interest rates make this a good time to buy, especially for those that have been on the fence. Fernley Homes Median Sales Price August 2011 median price increased 17% to $100,000 compared to $85,565 in July 2011. The median price is down 3.6% from the prior August. 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-ha...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Reno/Sparks and Fernley Homes and Real Estate News. Fannie Mae announced Tuesday that is has expanded its online system to accept purchase offers for all its REO's listed for sale. Real estate agents will now submit offers online on behalf of buyer clients, receive receipt confirmation, and track the status of submitted offers through the HomePath.com website. HomePath is the GSE's REO disposition operation. In Novelmber 2010, Fannie Mae launched the HomePath Online Offers pilot in Orlando, Florida; San Diego, California; and Detroit, Michigan. Active Data Technologies, Inc., the developer of the offer platform, commented just five months after the launch that the technology was seeing positive results in these three test markets. Now the online Offers feature is available for all Fann...
Comments 2
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Photo by Jerry Mansker Summary December home sales at 47 are the fourth highest homes sales for a December in history. This number outpaces December 2010 sales by 47% and is up 27% from November 2011. Year-end sales for 2011 were the fourth highest in the history of the MLS. We are optimistic that these are early and positive signs of a move toward recovery. Fernley Homes Median Sales Price December 2011 median price increased 7.3% to $90,000 compared to $83,859 in November 2011. The median price is down 8% from the prior December. The 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 Price per Square Foot Solds Price per square foot is at $55.97. Fernley Homes Sold December cl...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Summary: October home sales in Fernley are up 10.3% over October 2010 and have shown continued improvement for the past seven months. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. We have seen only moderate fluctuations in median price for the past seven months. Fernley Homes Median Sales Price October 2011 median price decreased 4.4% to $82,100 compared to $85,899 in September 2011. The median price is down 17.1% from the prior October. 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 Homes Price per Square Foot Solds Price per square foot is at $54.62. Fernley Homes ...
Comments 2
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Summary: November sales are down 10% over last year, but year-to-date unit sales are keepiong pace with 2010 and we have also seen relative stable prices seven out of the past eight months. These are positive indicators for the residential housing market. Fernley Homes Median Sales Price November 2011 median price increased 2.1% to $83,859 compared to $82,100 in October 2011. The median price is down 23.8% from the prior November. 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 Homes Price per Square Foot Solds Price per square foot is at $51.86. Fernley Homes Sold November closed the month with 37 sold transactions down 14% from the prior month, and down 9.8% from November 2...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
I also do property management and I just closed out the file for one of my tenants, Dale and Tiffany.  Dale and Tiffany were tenants for 6 years!  They got married and had their first child during this time. For the past year they have been dreaming of their own home, diligently searching all the listings.  Their lender had them on the path to homeownership and showed them what to with their financials and improve their credit. Moving day into the new home came a few weeks ago, I did a post and video with Dale and Tiffany in their new home. Yesterday, we closed out the rental and said our good-byes.  It was a happy and sad time.  When Dale and Tiffany handed me the flowers and a thank you card, we all became a little teary-eyed. At the end of the day, I know I did a good job for them a...
Comments 4
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Fernley, Nevada HUD home in golf course SOLD! A great neighborhood and a HUD home with a lot of potential sold for $50,000 cash. A 3 bedroom, 2 bath, 2 story home 1560 square feet with a two car garage on a .19 lot. The previous owners did not take very good care of the home so the home needs some rehab. Most of the work is cosmetic which includes drywall work, paint, new carpet and general clean up. An open floor plan and the upstairs is the master bedroom, full bath and a huge loft/office. My buyers from California bought the house sight unseen and very happy with their new home. I can't wait to see the home when they are finished!    
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Fernley Bank Owned Home in Donner Trails SOLD This wonderful 3 bedroom, 2 bath 1098 square foot home with a two car garage in Donner Trails was in immaculate condition. For a bank owned home it had fresh paint, a fireplace, and the original carpet was like new. An open floor plan, eat in kitchen and two glass doors to the back patio, one from the master bedroom and one from the kitchen. The landscaping can be easily restored with water and there were sevral nice trees, a big patio and nice shrubs. My lady buyer came from the Oregon area and paid $57,900 cash. View Larger Map
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Dale and Tiffany rented a 3 bedroom home in Fernley from Sandra Mathewson for over 6 years. But, they always knew that someday they wanted their own home. That someday came on October 21, 2011 when the couple were handed the keys to their first home! Sandra set Tiffany up with ListingBook, a link to the local MLS, and Tiffany spent close to a year looking at homes, styles and neighborhoods. As prices came down and interest rates reached historic lows, they knew the time had come. From the moment they stepped inside this 4 bedroom, 2 bath, 2088 square foot home with a 3 car garage, they knew this was the one! They loved the open floor plan, the separate formal living/dining room and the corner lot. The family room has a gas log fireplace and is part of the expansive kitchen with an isla...
Comments 3
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
    This bank owned, 1834 square foot home with 3 bedrooms, 2 baths and two car garage on a quarter acre lot has so much potential. There is an entry, expansive living room with gas fireplace, kitchen with nook and large pantry. High ceilings, plant shelves, formal dining room, and big family room, central A/C are all the things that attracted Rob and Crystal to this home. The house sits on a cul-du-sac, so the lot is pie shaped which yields an immense rear yard, no rear neighbors and mountain views. Rob called Sandra one afternoon inquiring about one of her listings. When he found out it was a short sale he wasn't interested. Sandra sent Rob and Crystal some listings to look at and they picked this one to make an offer on, sight unseen! When their offer was accepted, Rob and Crystal d...
Comments 2
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Fernley and the surrounding Truckee River area are Alive in Fall Colors! Fernley has seen some stabilization in the median sales price for the past six months, similar to that experienced in the Reno/Sparks market. Fernley Median Sales Price September 2011 median price decreased 13.9% to $87.777 compared to $102,000 in August 2011. The median price is down 16.4% from the prior September. 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 Price per Square Foot Solds Price per square foot is at $54.11. Fernley Homes Sold September closed the month with 37 sold transactions down 11.6% from the prior month, and up 12.1% from September 2010. Fernley sales have continued to show signs...
Comments 0
By Rob Ernst, Reno, NV-775-410-4286 Inspector & Energy Auditor
(Certified Structure Inspector)
Fernley is a small town and small towns can have fewer options of who's available to service your needs. If your in need of a Home Inspection in Fernley you now know about another option. I service Fernley and enjoy the feel of a small town. I provide an in depth home inspection conducted in a professional manner with an easy to read report. You not only get a great inspection by a certified, licensed, insured home inspector backed by a honor guarantee but I offer a great value. Home inspections include RecallChek and a home maintenance book. Agents get free constant contact style marketing and Free Negligent Referral Protection. Please take a look at www.homecsi.com for more info. Also connect with me on Facebook at www.facebook.com/HomeCSI.
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Beautiful and Immaculate, shows like a model home! This is your opportunity to own this 3 bedroom, 2 bath home with a 3 car garage at 267 Wildwood St. in Fernley, Nevada. This is a short sale with only one lender and the owner's have been reclocated to the east coast and are maintaining the home. Some of the features include, high ceilings, plant shelves, ceiling fans, upgraded carpet and two tone paint and custom window coverings throughout. All the appliances, refrigerator, washer and dryer are included in the sale along with an security alarm system. Fully landscaped .14 lot with a raised wall across the back for special plantings.  There are two patios, one covered just outside the door and the other a brick patio in the rear.  There are brick walk-ways all around the home. The cen...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Summary: Home sales in the Fernley area have remained improved but have not performed at 2010 levels for the first six months of year.  Median price recovered a little in June, but we have continued to see a settling in median price since the September 2010 expiration of the tax credits. Fernley Homes Median Sales Price June 2011 median price increased less than 1% to $86,400 compared to $86,000 in May 2011. The median price is down 21.5% from the prior June. 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 Homes Price per Square Foot Solds Price per square foot is at $56.63. Fernley Homes Sold June closed the month with 50 sold transactions up 19% from the prior month, and up...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Fernley Homes and Real Estate Summary Our year-over-year number of home sales indicates more buyers and investors are realizing it is an opportune time to purchase a home versus a year ago. Median price recovered a little in July, but we have continued to see a settling in median price since the September 2010 expiratiion of the tax credit. Fernley Homes Median Sales Price July 2011 median price increased less than 1% to $85,565 compared to $84,900 in June 2011. Fernley Homes Price per Square Foot Solds Price per square foot is at $55.03. Fernley Homes Sold July closed the month with 56 sold transactions up 7.7% from the prior month, and up 27.3% from July 2010. July 2011 set a record for the highest number of sales since the peak of the market in July 2005 when Fernley recorded 114 sa...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Nevada Rural Housing Authority....Home At Last ™ Plus The Nevada Rural Housing Authority continue to make the dream of buying a home a reality for many moderate income Nevada households. Home At Last™ Plus offers a great, below market mortgage rate, plus down payment assistance in the form of a cash grant. What does the Home At Last™ Plus offer buyers: FREE cash down payment grant equal to 3% of loan amount (never has to be repaid) 3.85% 30- year fixed mortgage rate or 3.35% 30 year fixed mortgage rate (without down payment grant) Instant home equity No asset limits for homebuyers Who qualifies: First time homebuyers or qualified Veterans who will live in home as primary residence Households meeting income qualifications and normal FHA, VA or RHS underwriting requirements. Home purchas...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
  The Fernley Golf Course Community is about 5 miles east of Fernley from the round-about and there are over 500 homes built around the meandering golf course. This is the one of the more popular areas to live in Fernley. Most of the homes have a panoramic west mountain view. The homes are custom homes built by many different builders, but a few of the homes have been duplicated throughout the subdivision. Average home price right now in the golf course.......$110,000, and that will buy you a very nice home! Search for homes in the Fernley Golf Course Community. There is a homeowners's association that does an excellent job of managing the subdivision and makes sure the properties are maintained according to the CC&R's. The yearly HOA fee is very affordable at around $100. The Golf Clu...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Distressed homeowners in Nevada were given several key protections in the last legislative session, with one new law potentially spelling trouble for banks guilty of sloppy record keeping while selling mortgage notes to investors. The new measures include protections against unscrupulous debt buyers who "double dip" by buying mortgage notes for pennies on the dollar and then turn around to collect debt from borrowers for the note's original amount. Stricter documentation reqirements also means banks must show actual proof of ownership before being allowed to complete a foreclosure sale. The new laws are welcome relief for borrowers frustrated by a system that typically did not come down hard on lenders who failed to act in good faith. The three new laws  are expected to make a differen...
Comments 0
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Summary: The median sales price has continued its settling trend over the past 24 months.  More buyers and investors are deciding it is an opportune time to purchase a home.  High inventory and low prices reflect the affordability of homes, verified by the increase in home sales. Fernley Homes Median Sales Price May 2011 median price increased by 8.8% to $87,000 compared to $80,000 in April 2011. The median price is down 19.8% from the prior May. Median price is defined as the mid-point, the price half of the sales for the time frame are below and half are above. Fernley Homes Price per Square Foot Solds The current price per square foot is at $57.89. Fernley Homes Sold May closed the month with 41 sold transactions even with the prior month, and up 13.9% from May 2010. Fernley Homes Av...
Comments 0