April Real Estate Update: April Showers! Last month's Sales, Beat the Clock? OUTCRY2018, Interest Rates

April 20, 2018

April Real Estate Update: April Showers! Last month's Sales, Beat the Clock? OUTCRY2018, Interest Rates

Hi Friends- April Showers bring May flowers!

Yes,They do! Well, friends, what has the
Real Estate Market done?

1st 3 months(1st quarter) of 2018:
In Fresno, up 1.5%
In Clovis, up 6 %
In Madera, up 8%

March '17 to March '18:
In Fresno, up 15%
In Clovis, up 4.5%
Madera, up 22%(Wow)

Now, here is the monthly update:

(All information garnered from
the Fresno Multiple Listing Service)

ACTIVES. In the FRESNO market is 706.

In CLOVIS, 222 homes are active.

MADERA area. Active homes are 154.

low number homes for sale.

Again, I repeat what I blogged last month,

This will keep putting pressure on

home values to continue to rise. Only rising

interest rates may possibly slow it down.

The avg. sales price in the FRESNO area in

March was $277,017. There were 490 sales.
The median sales price rose to $252,000.
Days on Market 36.

CLOVIS area. March. The average sales price

was $347,991. 160 sales.The median sales price

was $321,857. Days on Market 43.

MADERA. The average sales price

$292,069. 59 sales. Median was $258,000.

Values are still rising.Take advantage

of my knowledge & experience to benefit you.

REMINDER. ZERO DOWN & INTEREST RATES.
FHA/VA & Conventional are in the Mid 4's to 5.35%.
Depending on credit scores. There is presently a
program where a move-up buyer can purchase a
home with ZERO DOWN. Contact me & I can
answers questions & direct you to a trusted
lending partner(s). There are many good loan
programs out there. (As previously posted,the
FEDS are talking about raising interest rates
2 more times this year.)

Beat the Clock? Yes,if you are thinking of buying

a home, Beat the Clock of rising interest rates! Beat

it by moving up to a larger home to accommodate

the family? By Down-size to get rid of the yardwork

or pool maintenance? Beat it, by whatever your

reason may be! 1st step is, to contact me for your

FREE, NO Obligation Estimate of value &

consultation. I Will help you Beat the Clock!

OUTCRY2018. Elevation Worship, Vertical Worship,
Bethel Music & Mosaic MSC. What an event!
(Picture of my son,Joshua,worshipping with his
heart)My son & I served WORLDVISION that night.

Many Blessings This month!!

Derek Monreal

Realtor