The prices in real estate in Fernley, in the Nevada region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Fernley has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $577. In the following month the price per sq.feet decreased considerably to $137. The price for the following two months in (September, October) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 64 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $252 to $162 during November, and December.
Based upon to the price in Fernley (cities), this has fallen considerably in the last 6 months. The average price for July is $981,360. During August the price had a considerable reduction till $203,800. During the following two months (September, October) the average price had a considerable reduction of 48 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $438,788.75 to $307,118, which means a 70 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $310,993 they are 39 % more affordable than the average price for Fernley. The properties with the lowest average price have 1 bedroom, Their price is 15 % cheaper than the average. After that we have properties with 2 bedrooms priced at $189,057.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $100 / sq.feet, with an average $164 / sq.feet price in Fernley. The properties with the highest average prices have 1 bedroom. They are 1013 % more expensive than the average followed by properties with 2 bedrooms with a price at $100 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $310,993 it is 44 % cheaper than the average price in Fernley. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $189,057 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $100 / sq.feet followed by "Office" priced at $103 / sq.feet. "Townhouse" is the cheapest type of property with a $134 / sq.feet value followed by "Office" with an average price of $103 / sq.feet.