Fresno Ca Real Estate Market Bleet

By
Real Estate Broker/Owner with Lazarus Realty

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 Fresno Bee this morning.    The good news is that on some days I have noticed that the number or new listings (in a 24 hour period) is exceeding by the number of contingent and pending sales (in the same 24 hour period), which means inventory is getting sucked up fairly well.

BLEET = cross between a blog and tweet.

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California Fresno County
Tags:
sales
mls
foreclosures
listings
fresno
real estate
california
reos
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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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