Silver Springs, NV Real Estate News

By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Santa Claus will be visiting Buckland Station at Fort Churchill State Historic Park December 17th and 18th! Everyone is invited to attend and have pictures taken with Santa.  Pictures will be taken by local photographer and Fort Churchill Artist in Residence, Richard Massey.  Children waiting in line for pictures will be able to make a small Christmas ornament to take home. Saturday and Sunday, December 17th and 18th from 10 a.m. to 2 p.m. Buckland Station is nine miles south of Silver Springs on Highway 95A.  Buckland Station is the large, two-story white building on the left, about half mile south of the railroad tracks. The event is open to the public.  Parents must be present to provide supervision for their children as many valuable and fragile artifacts are displayed inside Buckl...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
  The Nevada Department of Transportation (NDOT) will conduct a public information meeting to provide information and receive input on the USA Parkway Project, a proposed north-south transportation link between Interstate 80 (I-80) and U.S. Route 50 (US 50) in Storey and Lyon Counties. The purpose of the proposed Project is to provide an addtional connection between I-80 and US 50 in order to enhance accessibility and mobility between Lyon and Storey counties. The project would also provide transportation infrastructure to support existing and planned land uses and economic development in Lyon and Storey counties. Members of the public are invited to attend, Tuesday, January 17, 2012 at their convenience any time during the meeting hours of 3:30 p.m. to 6:30 p.m. Project representative...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Photo by Jerry Mansker Silver Springs is about 28 miles west of Fallon, 13 miles south of Fernley and 35 miles northeast of Nevada's Capital, Carson City, via U.S. Highway 50. The Reno-Sparks metropolitan area is about 50 miles. Silver Springs is located at the junction of U.S. 50 and Highway 95-A in Lyon County. The quiet, rural nature of the small community of Silver Springs is bordered on the east by Lake Lahontan with the Dead Camel Mountains in the background. The Virginia-Ramsey range is to the north and the Carson River anchors the south at Weeks. Churchill Butte dominates the scenery to the southwest, and the sun sets over the Lincoln Highway (50) due west. A network of interstate highways, a airport and a cross-country rail line places Silver Springs just hours away from anywh...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Lately selling a home takes time, and sometimes it takes a lot of time.  Especially in Lyon County, Nevada, one of the hardest hit markets with high unemployment and record number of foreclosures. The right advertising, a lot of internet exposure, top-notch photos and persistance paid off for Sandra. Listen to what the new owners and the previous owners have to say about their experience.    
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
 Why Choose a CertifiedResidential Specialist (CRS) The Answers You Need In the current marketplace, you need more than just a REALTOR®. You need a professional with the unique training and know-how to create opportunities, identify potential pitfalls up front, and make your home-buying or-selling experience an unqualified success. You need a Certified Residential Specialist. What is a CertifiedResidential Specialist (CRS)? A Certified Residential Specialist is a REALTOR® who has earned certification from the Council of Residential Specialists by completing a rigorous course of advanced training and by meeting significant experience requirements. It's this rare combination that makes a Certified Residential Specialist more than just another real estate agent. It's the ability to make a ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
I recently completed and earned the Short Sales and Foreclosures Resource designation.  I think the points concerning the home inspection are worth posting: As per contract.  If the contract calls for the home inspection to be done in five business days after the contract has been executed, the five days would start from the time of signing by the buyer and seller not from the time of the lender approval. The buyer would not be able to negotiate any costs or repairs if the home inspection was completed after lender's approval.  The lender's approval is based on a definite dollar amount to be realized at the closing and they do not allow for further negotiations. Most often, a short sale will be an as-is transaction, and the seller doesn't have the money to make the repairs nor will the ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
    Silver Springs is a small community so the statistics are very small; however they are important because Silver Springs has a lot of potential.   1 stick built home sold  bank owned listed  $84,900 sold  $84,900   4 manufactured homes: 1 seller/owner listed $119,900 sold $119,000   2 bank owned: $36,000 list price  $30,000 sold price $45,000 list price  $42,750 sold price   1 short sale: Listed $43,900 sold $54,085   October starts with 86 listings:   27 Stick built: 3 bank owned, #1 $59,000, #2 $71,200, #3 $129,900 Average days on market 99,  average $55 sq.ft.   4 short sales: list price high $120,000  low  $98,000  average  $103,999 Average days on market 109,  average $90 sq.ft.   20 owner/seller: list price high  $375,000  low $69,000  average  $177,799 Average days on market 3...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Silver Springs is the place to live if you want wide open spaces, views, recreational activities and living next to the wild Mustangs of Nevada. In the photo, the filly is watching the adults wade through the water, I guess she is not too sure about puddles yet? August resale of homes in Silver Springs is nothing to wade in the water about, but it's not drying up yet! There were no stick built homes sold in the month of August. There were 5 manufactured homes sold: 2 bank owned: $60,900 sold for $60,900 and the other $76,500 sold for $62,500 1 court ordered listed for $65,000 sold for $65,000 2 regular seller (not distressed) sales $144,900 sold for $144,900, and the other listed for $48,00 sold for $48,000. September starts with 62 manufactured home listings: 10 bank owned, list price...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
  Silver Springs is still avoiding the massive foreclosures and short sales that are happening in neighboring communities.  Hopefully, Silver Springs can dodge the bullet!   July had two sales in the stick built homes.  One was a bank-owned that was listed for $123,000 and sold for $113,000.  The other was a regular owner/investor sale, listed at $182,000 and sold for $175,000 (my listing).   Five manufactured homes were sold and all of them were bank-owned: List price high  $101,900    low  $42,000, average  $70,820 Sold price high  $105,000  low    $42,000 Average $67,000 Average days on market were 180   August begins with 61 manufactured listings: 10 bank-owned, list price high $126,000  low  $45,000  average  $73,850   5 short sales, list price high $145,000  low  $43,900  average ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
  June brought a lot of rain and 6 sales.  Stick built homes had 3 sales, 2 bank-owned and one regular. Bank-owned #1 listed for $112,500 sold for $112,500 Bank-owned #2 listed for $138,900 sold for $130,000   One regular seller sale, listed for $249,000 and sold for $244,000   Manufactured homes had 3 sales, 1 regular, 1 bank-owned and 1 court ordered. Regular seller listed for $40,000, sold for $38,000 Bank-owned listed $72,000, sold for $45,000 Court ordered listed $223,000, sold $223,000   The total listings starting in July are 89, 27 stick built and 62 manufactured. The 27 stick built listings are broken down into 19 regular seller listings, list price high $375,000, low $69,000, average $177,499 Average days on market are 318   6 bank-owned listings list price high $145,000, low ...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
May 2009 only produced 5 sales: Stick built   list price $89,000    sold price   $89,000  this was a bank-owned Stick built   list price $152,650  sold price   $152,500  regular seller/buyer sale Manufactured has 3 sales, Two were bank owned list $66,000  sold for $50,000 list $73,500  sold for $49,900 list $200,000 sold for $190,000 this was a regular seller/buyer sale June starts off with 62 manuf. listings.  Of those 6 are bank owned, 5 are short sales, 50 are regular listings and 1 is subject to court approval The list prices are:  low   $40,000   average $128,169   and high  $289,000 June starts off with 30 stick built listings:  7 are bank-owned, 2 short sales and 20 regular seller listings. list price low is $57,900, average $162,154,  high  $375,000 Silver Springs seems to be fa...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
The recession, state budget woes and rising unemployment continue to be the headlines.  Real estate is struggling, we all know that. This is the MLS data for the month of April in Silver Springs, Nevada. There were only two sales, both bank owned and both manufactured homes: #1  List price $91,000 sold for $80,000  1420 Fir Ave. #2  List price $59,900 sold for $58,000 1905 E. 4th St. For May we start off with 72 listings, 51 are manufactured homes and 5 are bank-owned, 2 short sales and 1 subject to court approval. Of the 21 stick built homes, 5 are bank-owned and 2 are short sales. The high list price for all listings is $309,500 and the low is $40,000 with and average of $142,705. Days are market are 954 for the highest and an average of 225.   Every attempt is made to be accurate wit...
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By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI,CDPE, PSA, SFR
(RE/MAX 4000)
Silver Springs, Nevada is a very small town, usually overlooked, but I think it has a bright future.  Rural, lots of land available and right in the middle of Fallon, Fernley, Carson City and the new highway coming right towards it. For March of 2009: 2 stick built homes were sold, #1 list price $99,900, sold for $97,000 @$74.39 sq.ft. This was a bank-owned property.   #2 listed at $190,000, sold for $160,000 @$93.57 sq.ft. 7 manufactured homes were sold, 5 were bank-owned 2 were regular sales.  High list price    $190,000     Low list price $24,900     Average list price  $83,821 High sale price  $160,000     Low list price $24,900     Average list price  $73,400 Average days on market was 120 days. Heading into April: 18 stick built homes:       High list  $309,500     Low  $89,000   ...
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