Tagged : Condo 
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Fresno Condos: A Good Buy?
Monday, July 19th, 2010 at 1:32pm. 658 Views, 0 Comments.
June 2010 --
One of the questions often asked by clients is, "Are condominiums a good investment in the Fresno County area?”
Current Price:
Certainly, the price is compelling. Investors, first time home buyers and retirees are currently picking up Fresno County condos for an average of $106,354 (approx. $74 per square foot). That means mortgage payments hover around $800 for a 1,200 square foot condo. For many buyers, condos provide an extremely affordable and attractive option.
So price isn’t the question right now. But, should you buy is the question. The Central Valley is traditionally a single family home environment. Is there enough demand for condos in Fresno? With volatile real estate swings how does the value of…