Many of the town's lots did sell but few of the purchasers ever took up residence in Fasken. Heavy rains destroyed much of the railroad track in 1923 and the rail line had to be abandoned. Fasken declined rapidly and became a ghost town by the early 1930s.
Many lots were sold but few people moved into Fasken. Heavy rains led to the abandonment of the railroad line in Fasken, which contributed to its decline and eventual ghost town status.