FALLON CHURCHILL COUNTY, NEVADA RESIDENTIAL REAL ESTATE TRACKING REPORT

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1 FALLON CHURCHILL COUNTY, NEVADA RESIDENTIAL REAL ESTATE TRACKING REPORT 1st QUARTER 2016 BOB GETTO, C.R.S. & S.F.R. Nevada real estate broker, Lic # Council of Residential Specialists certified, National Assoc. of Realtors Short Sale / Foreclosure Resource certified, National Assoc. of Realtors (O) (F) bobgetto@cccomm.net DISCLAIMER: This content has been prepared by Bob Getto of Ferguson & Getto Inc., based on independent research of the N.N.R.M.L.S. It is deemed reliable, but is not guaranteed. This information is not intended to be utilized as the sole decision, to buy, or sell real estate. This content is for the exclusive use of the recipient, and the recipient agrees not to disseminate the content without the prior written authorization of Bob Getto. 310 W. Williams Ave., Suite C, Fallon, NV Office: Fax:

2 REPORT OUTLINE and SUMMARY 1: Quarterly Sold Units General Real Estate by Category: This pie chart shows the total number of general real estate units sold, this quarter. This quarter ended with 91 general sales, a 28% increase in unit volume as compared to the 1 st Quarter : Quarterly Sold Units - Residential: This graph shows the total number of residential real estate units sold, on a quarterly basis. This quarter ended with 58 residential sales, a 23% increase in unit volume as compared to the 1 st Quarter : Quarterly Sold Units by Median Sales Price - Residential: This graph shows the median sales price of residential real estate units, on a quarterly basis. This quarter ended with a median sales price $145,950, for the quarter, a 6% decrease in dollar volume as compared to the 1 st Quarter : Quarterly Sold Units; Short Sales and Foreclosures Short Sale properties are those in which the Owners may be in default on their residential real estate loan, or in which default may be imminent. Foreclosures are those residential properties in which the Owners have lost the property to Bank/Lender and the properties are now Bank Owned. Together, Short Sales and Bank Owned properties are known as distressed properties. This chart shows the quarterly relationship between the numbers of residential properties sold, that were distressed, as compared to those sold in a traditional scenario. Of the 58 residential sales 20% of the residential sales were those in which the Seller was a distressed Seller, or the Seller was a Bank/Lender. 5: Quarterly Days on the Market. - Residential: This graph shows the median days on the market of residential real estate, on a quarterly basis. 6: Quarterly Method of Purchasing - Residential: This chart demonstrates the type of financing Buyers used to purchase local residential real estate, on a quarterly basis. Approximately 83% of the Buyers purchased properties by originating a loan; 17% of the Buyers purchased with cash. 310 W. Williams Ave., Suite C, Fallon, NV Office: Fax:

3 7: Quarterly Price per Sq. Ft. Residential History: This graph shows the median sales price per square foot, of residential real estate units, on a quarterly basis. Q ended with a median price per square foot of approximately $97. This includes the value of the home site! 8: Quarterly Price/Sq. Ft. - Residential Comparison: This chart reports on the total number of home sales in the last three months, by price per square foot. There have been 58 residential sales. 55% of the homes sold were under $100 per square foot of living space. This includes the value of the home site. 45% of the homes sold were over the $100 per square foot barrier. 9: Active Listings with Pending Sales - Residential: This chart measures the number of active listings for sale within the local market area in conjunction with the number of those active listings that have an accepted contract on them. This chart demonstrates to the reader the strength of Buyer activity. Currently, within area code 89406, there are 96 residential properties, offered for sale via Multiple Listing Service; Approximately 52% of the active residential listings are under contract with potential Buyers. 10: Active Listings; Short Sales and Foreclosures Short Sale properties are those in which the Owners may be in default on their residential real estate loan, or in which default may be imminent. Foreclosures are those residential properties in which the Owners have lost the property to Bank/Lender and the properties are now Bank Owned. Together, Short Sales and Bank Owned properties are known as distressed properties. This chart measures the number of active listings for sale within the local market area and demonstrates the relationship of traditional Owners when compared to Distresses Owners (properties in which the Owners are in or near default, and, properties which are Bank Owned.) Currently, within area code 89406, there are 96 residential properties, offered for sale via Multiple Listing Service; 10% of the active residential listings are considered distressed. 310 W. Williams Ave., Suite C, Fallon, NV Office: Fax:

4 11: Residential Absorption Rate: The absorption rate is the number of month s supply of unsold inventory within the local real estate market. o The National Association of describes a balanced market as between 5 and 7 months supply of inventory. o There is a 4.7 months supply of homes on the market when calculating the units for sale that are solely active. o Currently there is a 2.2 months supply of homes on the market when calculating the units for sale that are active and active pending. 12: Historic Residential Comparison Chart: This chart comparts the actual number of residential units sold this month, with the historic median number residential units sold compiled from data since January of DISCLAIMER: This content has been prepared by Bob Getto of Ferguson & Getto Inc., based on independent research of the N.N.R.M.L.S. It is deemed reliable, but is not guaranteed. This information is not intended to be utilized as the sole decision, to buy, or sell real estate. This content is for the exclusive use of the recipient, and the recipient agrees not to disseminate the content without the prior written authorization of Bob Getto. 310 W. Williams Ave., Suite C, Fallon, NV Office: Fax:

Total Real Estate Units Sold by Category within Fallon & Churchill County Farm / Ranch Units, 1, 1% Vacant Land Units, 7, 8% Commercial Units, 0, 0% Multi Family Units, 0, 0%

5 Total Real Estate Units Sold by Category within Fallon & Churchill County Farm / Ranch Units, 1, 1% Vacant Land Units, 7, 8% Commercial Units, 0, 0% Multi Family Units, 0, 0% Residential Units, 83, 91% 1st Qrt 2016; 91 total sales (Residential Site Built, Residential Manufactured, Vacant Land, Multi Family, *SOLD via Participation Prepared by Bob Getto 4/9/2016

6 Quarterly Sold Units Residential 5 Year History (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada The 1st Quarter of 2016 produced 58 residential sales. There are about 60 Realtors based within Churchill County 10 Q *SOLD via

7 Quarterly Median Residential Sales Price 5 Year History (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) $325,000 Fallon Median Sales Price Reno Median Sales Price Fernley Median Sales Price $300,000 $275,000 $250,000 $225,000 $200,000 $175,000 $155,000 $150,000 $125,000 $145,950 $100,000 $75,000 Fallon / Churchill Co.; 1st Qrt. 2016; the median sales price is $145,950 $50,000 Q Participation

8 70 Quartley Sold Residential Units; Short Sales & Forclosures (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada Distressed Residential Units Sold Traditional Residential Units Sold Q

9 Average Days on the Market Residential 5 Year History (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) Q

10 Residential Seller Finance, 0, 0% Residential Other Finance, 6, 10% Residential Cash, 10, 17% Residential VA, 14, 24% 1st Qrt 2016; 58 residential sales sold Residential Conventional, 19, 33% Residential FHA, 9, 16% Participation Prepared by Bob Getto 4/9/2016

11 Median Price Per Square Foot of Living Area Residential 5 Year History (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) $210 $200 $190 $180 $170 $160 $150 $140 $130 $120 $110 $100 $90 $80 $70 $60 $50 $40 Q Fallon Price Per Sq. Ft. Reno Price Per Sq. Ft. Fernley Price Per Sq. Ft. Poly. (Fallon Price Per Sq. Ft.) Fallon / Churchill Co.; 1st Qrt. 2016; the median price per square foot is $ $162 $111 $

12 Price per Square Foot Comparison (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) for the last period of three months Median price per sq. ft. for this period is $ $240 + $220 $239 $200 $219 $180 $199 $160 $179 $140 $159 $120 $139 $100 $119 $80 $99 $60 $79 $40 $59 $0 $39

13 Active Listings with Pending Sales (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) # of Actives Listings # of Active Listings w/ Pendings Sales

14 Active Listings; Short Sales & Forclosures (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) 120 # of Active Listing that are Distressed # of Active Listings that are Traditional Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16

15 Monthly Residential Absorption Rate Un Sold Inventory (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) The National Association of describes a balanced market as between 5 and 6 months of unsold residential inventory Absorption Rate w/ Active / Pendings Absorption Rate w/o Active / Pendings Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Inventory Available; measured in months

16 Residential Monthly Comparisons (on typical homesites, less than 1.99 acres, within Fallon & Churchill County Nevada) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Units Sold 5 Year Historic Median No. of Units Sold Ferguson Getto Inc.

FALLON CHURCHILL COUNTY, NEVADA RESIDENTIAL REAL ESTATE TRACKING REPORT

FALLON CHURCHILL COUNTY, NEVADA RESIDENTIAL REAL ESTATE TRACKING REPORT 3rd QUARTER 15 BOB GETTO, C.R.S. & S.F.R. Nevada real estate broker, Lic # 16039 Council of Residential Specialists certified, National