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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.