Bargain Hunters Snap up Fresno Homes

By
Real Estate Broker/Owner with Lazarus Realty

.... 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 the percentage of households in default -- ranked 11th in the nation last month, according to RealtyTrac, and some experts predict another surge of foreclosures this summer.

  • The median price in Fresno County fell 7.1% in April to $130,000 after climbing 9.6% in March, the first uptick in 13 months, according to DataQuick

  • About 77% of all households in Fresno County can afford an entry-level home, according to the California Association of Realtors.

As I mentioned not long ago, there are days now when i am actually seeing more homes going into escrow in a day than coming onto the market.

If you are looking to buy in the Fresno Clovis area feel free to search our MLS and give me a call and put me to work for you.

ps... you can specify white shirt and tie :)


Lazarus Realty
Lazarus

Direct:
Fax:

559.301.1647
559.438.7475

1319 W Bullard #4 -- Fresno CA -- 93711

© Randy "Lazarus" McAtee



 

Comments (1)

Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

YES!  Low interest rates, a phenomenal tax credit and super low prices are fueling these markets!

May 24, 2009 12:23 PM