Market Statistics 
There are currently 4 blog entries related to this category.
Pending Home Sales Climbing
Tuesday, April 3rd, 2012 at 9:06am. 158 Views, 0 Comments.
Here is a great article from the California Association of Realtors showing that pending sales are increasing in California while the number of bank owned and short sale properties are decreasing. In fact, this article shows that the bank owned inventory has dropped 24% in February compared to the prior year and that short sale inventory has dropped 17%. Locally we have seen this lack of inventory begin to bring back bidding wars on desirable properties. Just this week I called on one house that already had 19 offers in. Our market is on the cusp of switching back to a seller's market. The good inventory is not lasting long. For more information read the full article:
http://www.car.org/newsstand/newsreleases/2012releases/feb2012phsi
The New "Normal" of Fresno Real Estate
Wednesday, December 29th, 2010 at 2:15pm. 1195 Views, 1 Comments.
The latter half of 2010, in regards to Fresno County real estate, can be summarized in one word – Steady. A new “normal” has descended upon the Central Valley in terms of home sales. After the gulp-inducing rollercoaster ride of highs and lows in home buying during the past five years, this new reality of reliable and predictable pricing offers a certain appeal.
So, what is this new normal for Fresno and Clovis, CA? Selling prices have barely budged in the past six months with a high of $95 per sq. ft. and a low of $93. The average property selling today in Fresno County is a 3 bedroom, 2 bathroom home of approximately 1,700 sq. ft. selling for about $172,000. That is true whether you bought the house today or six months ago.
2010 Hot Real Estate Deals!
Sunday, July 18th, 2010 at 1:54pm. 322 Views, 0 Comments.
Originally Published March 2010 --
A lot of my buyers interested in newer homes are being lured by the prices of Fresno homes along the Highway 99 corridor. New communities sprang up along the 99 during the housing boom of 2005 and 2006 and now with so many homeowners defaulting on their loans, there are some excellent buys in the area.
Clovis vs. West Fresno Foreclosures:
This past month there were 22 homes sold in 93722 and 93723 that were built in 2000 or sooner. 21 of those 22 homes were foreclosures or short sales with the only remaining house being brand new.
A similar number of homes were sold in the newer areas of Clovis (93619, 93730) yet the ratios and prices are quite different. Out of 20 homes sold, 9 were foreclosures or short…
2010 Clovis Property Trends!
Saturday, July 17th, 2010 at 9:31pm. 370 Views, 0 Comments.
Originally Published - January 2010
I have had an increasing number of buyers seeking suburban (over an acre) residential property on the outskirts of Clovis. They are primarily move-up buyers eager for space and privacy, but still desiring a closer proximity to the Clovis resources. Since there are fewer typically for sale (less than 100 sold per year) these types of property historically retain value longer than traditional properties. Judging from recent trends this may be one of the best times in recent history to buy suburban residential land in Clovis.
Pricing Changes?
2006 was the height of the market for suburban properties with a median price of $684,450. 87 homes were sold that year and it was rare to find anything below $400,000 in…