Fernley Homes and Real Estate Market Report April 2011
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Summary: We are continuing to see settling in the median price and the news is "the affordability door is open to buyers". This means that a single-income household, earning approximately $12.00 per hour, can now afford the median price home in Fernley. Fernley Homes Median Sales Price April 2011 median price decreased by 3.1% to $79,950 compared to $94,950 in March 2011. The median price is down 13.9% from the prior April. 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 Sold April ended the month with 40 sold transactions a decrease of 17.4% from the prior month, and seven sales off from April 2010, which was influenced by the $8,000 First-Time Buyers tax credit. Sales were down 17.3% from the same pe...
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