Tagged : Fresno Market Statistics 
There are currently 7 blog entries matching this tag.
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…
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…
Holding Pattern in Fresno Real Estate
Friday, July 16th, 2010 at 3:34pm. 244 Views, 0 Comments.
July 2009 --
For
the past few months, the local Fresno real estate market has been in a
type of holding pattern. The number of active foreclosures reduced
by over two-thirds in the past six months leveling out around 450
active foreclosures beginning in May 2009. Pricing in homes under
$250,000 has been slightly rising, but overall the number of sold
properties and the average pricing of those homes has remained
relatively steady for the past 4 months.
There is plenty of
chatter and predictions for when the flood of foreclosures will return.
But, for now, one of the points for first time homebuyers to remember
is that federal tax credits will only apply for homes purchased before
November, 30, 2009. The reduction in…
Fresno – California’s Real Estate Hotbed!
Tuesday, July 13th, 2010 at 7:02pm. 11389 Views, 0 Comments.
February 2009 --
Sales Rising
One of the first signs for improving markets is increased sales activity. Nationally, real estate sales have flattened since September 2007 across the country. California, however, is a different story. During this same period, California sales rose by 102%. Sales hit a low in 2007 in the state and since that point have continued to rise.
Fresno County is even more interesting. According to the California Association of Realtors (CAR), between 2007 and 2008 sales of existing detached homes rose 149.1% in Fresno County vs. 84.9% in California. Leslie Appleton-Young, an economist with CAR stated that due to these numbers Fresno County is currently considered a "hotbed" for real estate in California. Out of town…
Stars are Aligned For Fresno, Clovis CA Buyers
Tuesday, July 13th, 2010 at 6:43pm. 391 Views, 0 Comments.
January 2009 -- 2009 is going to be one interesting year for Fresno and Clovis Real Estate. Looking at the local statistics, while I can’t predict that the bottom of the market has come, I do know that 2009 buyers are going to look back at this time and be thankful that they bought.
There are a number of reasons for this:
Foreclosures Are Still Rising
2008 began with an average of 900 foreclosure properties on the market in Fresno and Madera , California and ended with nearly 1500. Even more telling, only 28% of sales in January 2008 were foreclosures. When we ended the year, December 2008 sales were comprised of 64% foreclosures.
Nationally, news has been buzzing with the latest in the search for the right approach to solve the problem of…
A Buyer's Market: Fresno and Clovis Real Estate
Tuesday, July 13th, 2010 at 6:30pm. 229 Views, 0 Comments.
December 2008 -- Despite a tough year for real estate, I have found many things to be thankful for this holiday season. For my office, work has been steady despite a rapidly changing local market. One of the primary reasons for that is the versality and expertise of my staff. In a world of job related lay-offs and declining business opportunities, the ability to maintain a full staff is a testament to their value in customer service and escrow management.
But, there have been some adjustments. During the past 20 years, my typical clientele has been comprised of approximately 70% sellers and 30% buyers. But, with the change to a buyer’s market and the flood of bank-owned homes, we have been able to assist many first time home buyers and investors, which…