SEPT. REAL ESTATE UPDATE:THE CALIF. HOUSING MARKET,CLOVIS MARKET, FRESNO MARKET, FEDS RAISING RATES?

Hey Friends- Real Estate Update! 

Taken from California Association Realtor August homes sales & price report 

Press release from a few days ago: 

For release:
Sept. 18, 2017

California housing market defies tight inventory as sales 

and median price propel higher

- Existing, single-family home sales totaled 427,630 in August on a 

seasonally adjusted annualized rate, up 1.5 percent from July and 

1.3 percent from August 2016.

- August’s statewide median home price was $565,330, 

up 2.9 percent from July and 7.2 percent from August 2016. 

- At the regional level, the San Francisco Bay Area, Inland Empire, 

and Los Angeles metro area all registered year-to-year sales increases

 of 6.5 percent, 8.2 percent, and 4.4 percent, respectively.

________________

As you can see, the California real estate market is doing well.

 

The avg.sales price In the FRESNO area in August was $263,399. 

There were 600 sales. The median sales price rose to $237,000. 

 

ACTIVE HOMES. Active homes on the Fresno market is 797. 

In Clovis, 257 homes are active. 
The low inventory of homes will keep putting 
pressure on home values to rise. 

CLOVIS area, the average sales price was $343,439. 194 sales.
The median sales price was $325,000. 
Values are still consistently rising. 
Take advantage of my knowledge to benefit your real estate portfolio.

GAS PRICES. Gas prices have risen,according to Gas Buddy.com. 
The lowest gas prices are $2.69-2.79. 

INTEREST RATES. FHA/VA is in the high 3's mid 4's(3.75-4.50) Conventional in low to high 4's(4.00 to 4.75) depending on credit scores. Always confirm with your trusted lender.
(FEDS are planning to raise interest rates in December) 
If you do not have a lender, I have some excellent lenders I can refer 
you too!
They can get you pre-approved & on the road to buy your next or 1st home.

Keep in mind, the local real estate market remains healthy.

Let me know if you have any questions. I am here to serve you.

Many Blessings,

Derek Monreal

Realtor

7050 N. Fresno St., #204

Fresno,CA 93720
Direct:559-349-0296
E-mail address: listwithderek@gmail.com

Website:(www.derekmonreal.com)

       

"NEVER TO BUSY FOR YOUR REFERRALS! " 

"I Donate 10% to Charity"

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