Clovis, California is experiencing much the same market so many other communities are. Too many homes for too few buyers.
So far this year there have been about 210 homes sold with an average price of 324,00. We are averaging about 90 days on the market which really isn't too bad considering. At the moment we have about 680 residential listings not including the various new home developments. We have about 12 properties below 100k including mobiles and condos. There are about 20 properties at 1 million and up topping out at 3,200,000.
Our city, which is adjacent to Fresno, Ca offers a small town feel, with big city amenities. As the "Gateway to the Sierras", we have some glorious views of the mountains, parks, trails, and an Old Town area that preserves the past.
We have a very desired and award winning school system, Clovis Unified, that also makes owning in Clovis such a great thing. My guess is we'll come out of the real estate doldrums a bit faster than some areas.
Bob Volanti Clovis, Ca www.getbobv.com
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