We have 45 new listings and in the last 24 hours 64 homes have gone into contract. The market is highly in favor of Sellers… that is, the ones who are ABLE to sell. Still a lot of folks underwater. I recently helped an investor purchase 3 homes: Two traditional sales and one short sale. On both traditional sales there were MULTIPLE OFFERS and my Buyer had to pay over the ask … (1 comments)
statistics: 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)
COURTESY OF THE COMMERCIAL MORTGAGE SECURITIES ASSOCIATION.
If you're bore by stats and graphs -- don't bother with this one. But if you are curious about the current state of the Commercial Real Estate Market, then have at it! … (0 comments)
statistics: Bargain Hunters Snap up Fresno Homes
- 05/22/09 03:28 PM
.... so says an article in today's Fresno Bee. And its true, and I have to admit that I have been behind the curve on market reporting but hope that will change. Its actually difficult to blog all that you would like when you're busy transacting business. Don't get me wrong, I haven't been THAT busy, but the beginning of the year is off to a much better start than last year. Some of the salient statistics from the article:
banks were the biggest sellers, responsible for 60.5% of the transactions in Fresno County Fresno's foreclosure rate -- reflecting … (1 comments)
statistics: Fresno Now California's Fifth Largest City...
- 05/01/09 11:27 AM
... and you thought this was just a podunk hick-town full of raisin farmers. NOT! According to the latest statistics released yesterday by the Department of Finance Fresno's population grew by 10,578 people in 2008. That was enough to bump the city up over Long Beach and make it the fifth largest City in the State with a total population of 495,913. TOP 10 CITIES IN CALIFORNIA California's 10 most populous cities as of Jan. 1, 2009, with percentage of growth since 2008:
1. Los Angeles, 4,065,585, 1.1% 2. San Diego, 1,353,993, 1.5% 3. San Jose, 1,006,892, 2.2% 4. San … (0 comments)
statistics: Fresno Ca --- 24 Hour Market Update
- 04/30/09 07:25 AM
Stats show home sales picking up. In the last 24 hours we have 56 New Listings and 19 Back on the Market. Thats 75 properties on the SELL SIDE During that same 24 hour period we are showing 24 Contingents and 71 Pendings. Thats 95 properties on the BUY SIDE. That's a great balance of inventory because its CERTAIN that many of those Pending / Contingent sales will not close for one reason or another. Speaking of CLOSINGS -- we had 39 CLOSED transactions. So buyers are out there. Weather is nice. School is just about out. PEAK BUYING SEASON. There … (0 comments)
Just how much have home prices been shorn in California?
A LOT!
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!
<<<---- CHART SHOWS MEDIAN PRICE OF CALIFORNIA HOME IN 2006
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)
statistics: Fresno California -- 24 HOUR -- Market Snapshot
- 11/13/08 05:00 PM
These brief snapshots really help you get a feel for what is going on in the market. what you are seeing are the numbers for the last 24 hours on the Fresno MLS. As you can see from the numbers in the graph below the ratio of price increases to price reductions tells the story as to where prices are going. We had 124 price reductions compared to 10 price increases. This is an imbalanced market and tells us that prices are continuing to be adjusted DOWNWARD. We had 85 new listings and 44 back on the market for a total … (0 comments)
statistics: Fresno California Real Estate Market Update
- 11/12/08 06:40 AM
Interesting article in the Fresno Bee today discussing the uptick real estate sales. According to the article the same investors who sold property 2003 - 2005 and went to the sidelines are now coming back in. Fresno Association of Realtors reports preliminary figures of 612 units sold in October Over half of October sales (56%) were foreclosures. The median price of a home is now $175,000 ( down 31% from a year ago) Go here for a chart of sales in Fresno Clovis area
statistics: 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)
statistics: You Know The Real Estate Market Is In Trouble When…
- 04/15/08 08:20 AM
Get-rich real estate books also hit a slump Which is somewhat ironic because usually when these books are flying off the shelves and everybody is in a real estate buying frenzy you’re probably near a market top. I am a real estate investor and a stock investor. I have done fairly well with most of my real estate investments but I’m going to tell you a little secret - Lazarus has made far more money investing in stocks than in real estate. There are several one-liners that I have heard about timing stock trades over the years which have stuck with … (3 comments)
statistics: Official beginning of the Recession…
- 01/14/08 04:22 AM
I am marking today’s date, January 14th 2008, as the official beginning of the recession. I’m certain it is because just a little while ago I was headed to Starbucks to buy some coffee for the office and just when I would have turned left to go into the SBUX lot I turned right instead and went into Savemart - yes, you heard me right: Savemart. I decided I would buy some Folgers instead. Gosh, how long has it been since I have bought Folgers? So long I didnt even recognize their new packaging. I remember a metal can; now its … (3 comments)
statistics: Fresno CA Real Estate Market Update
- 01/13/08 05:28 PM
Well I just saw a news report that said the the median price of Fresno homes in December was $249,000. In the update for November the median price was at $255,000 so the market saw another dip ~~~~~YAWN~~~~~ . As a reminder the peak was June of 2006 with a median price of approx $314,000 so prices are down approx 22% from the highs. … (0 comments)
statistics: More Fresno Real Estate Market Statistics from Lazarus
- 12/17/07 02:02 PM
I just added a link on my website that gives the MLS marketing data from 2000 to the present. It is titled: Fresno MLS Historical Data January 2000 – November 2007 The file is in PDF format Fresno Association of Realtors. It contains lots of statistical information and the following graphs: Median List Price to Median Sales Price ComparisonNumber Of Sold Listings By MonthAverage Days on Market (DOM) Take a look.
If you're looking to buy or sell real estate in Fresno, Call me, I can help. 559.301.1647 R. "Lazarus" McAteeBroker/Owner Lazarus Realty
… (0 comments)
statistics: Fresno California Real Estate Statistics
- 12/17/07 09:39 AM
Here are the statistics for November 2007 in Fresno. Homes Sold November 2007: *213 Average days on the market: 79 Median Sale Price: $255,00 The highest median sales price was in June of 2006 when prices peaked at $314,000. since then prices have fallen approx 19% As of today our MLS is showing 3829 listings of Single Family Residences, Condos, and PUDs in the cities of Fresno and Clovis. In the last 12 months the average number of units sold per month is 313 which put current inventory at about 1 yeart to absorb.
*SFR, Condos, Puds in Fresno and Clovis
… (0 comments)
statistics: Fresno Market Statistics
- 12/05/07 01:26 PM
THE GOOD NEWS: According to the information provided by The Office of Federal Housing Enterprise Oversight (OFHEO) in their LAST REPORT Property values in Fresno CA increased 97.52% in the last 5 years. Fresno is actually way up there in the ranks for home appreciation [ mostly because prior to the run up prices were so depressed]. THE BAD NEWS: According to the same report Fresno Housing Prices gave up 2.62% in the last quarter and 5.74% for the year. Those numbers, however, conflict with the those reported in the Fresno Bee, Sunday DEC 2, 2007 (Real Estate Section - page D2) where numbers from … (2 comments)
statistics: In The News...
- 12/03/07 01:13 PM
Lennar sells homesites valued at US$1.3B for $525M as it becomes "near assetless" Supply of homes on market at 22-year high
Read the recent article from the Fresno Bee HERE
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