In addition to releasing a monthly real estate market report for Reno and Sparks, NV, the Reno/Sparks Association of REALTORS® (RSAR) also releases a monthly market report for Fernley, NV.
I have had an increasing number of inquiries regarding real estate in Fernley, so I thought some readers may find this report useful (see below).
And please let me know in the comments, if you would like me to post Fernley’s monthly market report going forward.
From the Fernley Market Report for the month of September 2017…
“Fernley continues to be an attractive and affordable market for first-time homebuyers.”
- The median price at $222,100 is down 6% from August and up 11% from September 2016.
- Fernley’s unit sales at 45 are down 12% from August and level with September 2016.
- August new listings at 59 are down 17% from August and up 18% from September 2016.
- The Fernley market has 2.8 months supply of inventory, a seller’s market.
Click on the graph below to see the entire RSAR market report for Fernley, Nevada.
For those readers who are unfamiliar with Fernley, Nevada, Fernley is a small town about 34 miles east of Reno just off of I-80.
To learn more here’s a video from the Fernley Builders Association: Welcome to Fernley, Nevada.
Related post: RSAR Reno-Sparks Monthly Market Report – September 2017
Tim
Thank you, Guy. Please continue to provide monthly updates like this on Fernley. I’ve invested in a few places there, and am considering maybe a few more over the next year. Reports like these are indispensable.
Guy Johnson
Hello Tim, Good to hear from you. Thank you for the feedback. Much appreciated. Will do.
[p.s. Would love to help you with your future purchases. 😉 ]
Sam
Canadian invester considering Fernley over Reno. Any comments or insights will be much appreciated.
Don’t see any jobs growing in Fearnley assuch. What is the chance though they it developes as a desirable (not just affordable) alternative for folks willing to commute from the Industrial Centre/Reno?
Is it better to invest in houses which can be rented or acreage lots around?
RSAR Monthly Market Report for Fernley, NV – October 2017 | Reno Real Estate Blog
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