listings: Good News For Fresno Homeowners - 01/17/13 03:20 AM

The latest stats from the California Association of Realtors show prices of Fresno homes in December rose 6.3% in month-over-month sales  (meaning December sales prices were 6.3% higher on average than November sales prices) and a whopping 15.3% year-over-year.

You can read the report online here;  December home sales and price report.

BTW - for anyone who happens to read my blog --today I found out my blog was hacked and the hacker put in a bunch of advertisements.  I cleaned it up.  Hopefully doesn't happen again.
***If you're wondering what's going on with the pic... it happens … (1 comments)

listings: Fresno Real Estate Inventory Drying Up. - 12/13/12 08:33 AM
I've been noticing for quite some time the dwindling inventory in the Fresno Real Estate Market.  Listings are being out numbered by pending sales at a significant clip.
This is what I saw when I logged on to the MLS today.

This means over twice as many homes went into contract (Pendings =52) in the last 24 hours then came onto market (New Listings = 23)
Its a trend I have been observing for quite some time which perhaps is now exacerbated by the Holiday Season.  The other factors I think influencing this market imbalance is a slowdown in foreclosures … (1 comments)

listings: FOR RENT: Adorabe 3 bd/ 2 ba Home For Rent in Gated Community -- 93711 - 10/11/12 01:59 AM
3676 W,Cottonwood Ln Fresno CA, 93711
I have available an adorable home in the gated commutinity of European Grove. {cross streets Barstow and Valentine)
This 3 bd / 2 ba home has an open floor plan with arched entries and an island kitchen.  It was built in 2008 and looks and shows like new.
Schools are:  Lawless Elementary, Tenaya Middle School, and Bullard High.
The rent is $1275.00 per month and that includes maintainance of the front yard (and landlord pays HOA fees as well). $1300.00 security deposit required
Call for a showing:  (559) 301-1647



listings: Economic recovery: Fresno area ranks 99th out of 100 metros - Business - - 06/28/12 01:00 PM
IT SUCKS TO HEAR IT BUT THIS IS WHAT THEY SAY :  Fresno continues to lag behind most of the nation in its pace of economic recovery, ranking 99th out of the 100 largest metropolitan areas in a Washington think tank’s latest analysis Wednesday.

I’m sure some people may think: “why does he post negative news about Fresno if he wants to sell people property there?”
Good question.
Yes, I do want to sell people property.   Those stuck in Fresno (.com) because of family,  job,  or whatever need housing and I’m hear to help them but … (2 comments)

listings: Fresno CA Real Estate Market Statistics - 06/25/12 01:21 PM
Years ago I would comment on how lop-sided the market was to the sell side.  For example in THIS POST from Aug. of 2007 the stats showed that sellers were over buyers by over 3 to 1.  Things have really changed.  Last week on one of our Fresno MLS 24 hour market watches we had one day that was REALLY balanced.
Take a LOOK:

Notice the New Listings = 47 and the Pendings (properties that went into contract) = 47 and the Solds (properties that closed escrow) = 46.
That’s a pretty well balanced market.
Here’s a look at today’s … (2 comments)

listings: 20 Cities You Don't Want to Live in ...Yet.... - 03/22/11 04:22 PM
Fresno made the list on this CNBC report.
On a positive note, we didnt make the "bedbug infestation list" 
Sometimes I do wonder WTF I'm doing here and if it wasnt for the majority of our 6 kids being here.... I'd probably exit stage right.
Need to buy or sell a home in Fresno???
Call me: 559 - 301 -  1 6 4 7

listings: Another BAD MLS PICS Blog... - 12/08/09 05:33 AM
Haven't done one for awhile and could not resist these.   I'm sure I could find worse ones if I look but these just happened to land in my email box moments ago.
 I think this means there's a shower:



AND THIS IS A _____________________ (fill in the blank if you know)


listings: FORECLOSURE FRUSTRATION: Graffiti on the Walls - 06/23/09 08:46 AM
I dont know about you but I am often fascinated by the graffiti and poetry I find on the walls of foreclosed homes. The other day I was showing a home and got this image on my cell phone.
Here is the what I got:

Here it is with a little Photo Shop to make it POP:

Want to buy a foreclosed home in Fresno?
Are you a frustrated homeowner facing foreclosure? Do you want to paint your walls?  *Call me today for a free set of water color paints.
Direct: … (2 comments)

listings: Foreclosure Prevention Workshop Offered in Fresno - 06/05/09 06:10 AM

There will be a foreclosure prevention workshop June 11 at the Fresno Convention & Entertainment Center.
The workshop is from 2 p.m. to 8 p.m. in the exhibit halls at the center at 848 M. St. in downtown Fresno. The event is free, although parking is $7.
The session offers troubled homeowners an opportunity to meet their mortgage servicer or housing counselors face-to-face in an attempt to understand their options or devise a plan to save their houses.

The workshop is the product of HOPE NOW, an alliance of lenders, counselors, investors and others; The Federal Reserve … (0 comments)

listings: Fresno Meet in the Middle 4 Equality Rally - 06/03/09 11:26 AM
Fresno Meet in the Middle 4 Equality Rally
May 30th, 2009
Off Topic: Meaning this has nothing to do with the Fresno Real Estate Market.
I went downtown on Saturday to check out the Revfest at the Fulton Mall and on the way there I saw huge crowd gathered so I decided to check out what was going on.  What was going on wast the Meet in the Middle Rally.
I figure I better post these pictures before they become obsolete.
Click the box in the lower left corner if you would like to see the slide show with my captions.

listings: Fresno Ca Real Estate Market Bleet - 04/28/09 05:16 PM
Was busy doing showings this afternoon in an area where sales have been brisk.  The volume of REOs in this particular neighborhood has been so high that I noticed prices drop 10% in a matter of about 2 or 3 months.  I noticed a lot of homes with non-mls lock boxes --- meaning that the homes are being foreclosed on and will be coming to market soon. 
Looks like another wave of homes is set to hit the market soon.  I spoke with my insurance agent today who told me there were 6 pages of NODs  (Notice of Default) in the … (0 comments)

listings: More on GREEN LIVING - 04/27/09 11:44 AM
This is a follow up to my last blog.  There  is an article in the Wall Street Journal today title The Green House of the Future in which four architects provide illustrations of what Green Homes of the future might look like.  The article concludes with all four architects in agreement on one thing (when you see the pictures you will agree it certainly was NOT and that is Americans need to learn to live in smaller spaces if we are going to make an impact on the environment.
When I look at the designs I wonder who is going to … (0 comments)

listings: New Featured HOME: 533 E. Chesapeake, Fresno CA - 04/23/09 05:51 PM
3 bedrooms * 2 3/4 baths
3798 Square Ft on a 11985 Sq. Ft. lot
ASKING: $870,000  

Magnificant custom home located in a private gated community in Woodward Lake. This grand home has breathtaking and expansive views of Woodward Lake and the Sierras. The grand entry has a floating spiral staircase with wrought iron railing, high ceilings, architectural detail and elegant chandelier. The greatroom has walls of glass overlooking the dissapearing edge swimming pool and spa anchored by a beautiful fireplace on one side and large wet bar on the other. The gourmet kitchen is a chef's dream, … (0 comments)

listings: California BUZZ... - 04/15/09 11:23 AM
West Coast haircut.  Golden State Clip.
Just how much have home prices been shorn in California?
Believe it or not in 2006 the median price of a home in California was $576,000.
California median home price as of February 09: $247,590
(Source C.A.R.)
Now that’s a haircut!

Homes prices are now entering into BARGAIN TERRITORY, assuming of course that the economy doesn’t go over a cliff.  In which case all bets are … (0 comments)

listings: Fresno CA Real Estate Market Update - 02/25/09 08:37 AM

I noticed a home today owned by real estate broker (with an out of town address)  has just had another price reduction.  
a few other details I observed:
The home has been on the market for 748 days The owner/broker is currently the listing agent and has been trying to sell it himself for over a year. The owner/broker had the property listed with another broker previously and after that listing expired the broker/owner RAISED the price $455,000 The current price is now $605,000 less than the price it was at with the … (0 comments)

listings: Fresno California Real Estate - Market Update - 12/11/08 09:30 AM
As I have I have reported in previous blogs the Fresno California Real Estate Market has hit a bottom and at has, at least for the time being, turned UP.
The banks have been more aggressive in their pricing of foreclosed homes and sometimes have the homes priced so reasonably that MULTIPLE OFFERS are made.
Investors who were sellers at the top of the market are now back scooping up homes at bargain prices.
The chart below shows the year over year improvement in sales from Sept of 2007 through Sept of 2008.

If you are an … (0 comments)

listings: U.S. entered recession December 2007, panel says - 12/01/08 06:12 AM

Finally they see the light!
Accordingto this Reuters News Article the recession begain in December of 2007. This would make my declaration of the Official Beginning of the Recession about a month off. 
Why rely on these numbers crunchers to inform you a year after the fact?
Lazarus - Real Estate Broker and Financial Prognosticator Extraordinaire

listings: Fresno California Market Statistics - 10/14/08 12:56 PM
Here are the 24 hour market stats for the Fresno California Real Estate Market:
Its fairly a apparent from the stats (as in Price Reductions) that prices continue to decline but you have to understand that many of the listings with price reductions were WAY over priced to begin with and either the banks or the owners are just figuring it out.

Our monthly sales figures are improving.  As priced drop buyers continue to move into the market.  I just closed an escrow for a first time home buyer and have an offer out for another young couple seeking to … (0 comments)

listings: Huntington Lake -- California - 10/13/08 03:51 PM
A good friend of mine just purchased a cabin in Huntington Lake (photo left). NO, I did not participate in the transaction; he bought the property for-sale-by-owner directily from the owner. From what I know of the transaction though, it appears he got a screaming good deal.
This weekend a group of us when up to help him do a little work on it. I'll admit I didnt do too much work but my son Joshua made up for what little I contributed. Another friend of ours happens to also own a cabin up there and she we gracious enough … (1 comments)

listings: Is Your Realtor® a PROFESSIONAL - 07/19/08 09:35 AM