Derek's Real Estate Update: December Sales, Gas prices? interest rates down?
Hello Friends-
Hey,gas prices are continuing to drop. Also, interest rates!(See below) As I stated last month,I hear gas prices may drop more. Good news!
Here are the links to my my Facebook page & twitter account:
Derek Monreal Realtor FB page: http://rem.ax/1Bs84gq
Derek's Twitter account: https://twitter.com/
Using these links, You will see that Mortgage insurance premiums will be going down allowing homebuyers to buy more home or lower their monthly payment. See that Bob Hope's traditional looking house is nothing like his UFO-like estate. Plus, a little history on the property. Also, info on the southern California market.
Please see my stats & my commentary on the local market Below.
LAST MONTH'S REAL ESTATE SALES
As per the Fresno Multiple Listing service, in the Fresno/Clovis area:
Homes sold last month, Dec.: 585
435 homes sold in November.
435 homes sold in November.
A year ago,Dec. '13, homes sales were 513.
(Approx. 14 % increase from a year ago)
Average sales price was $237,423 (Dec.'14)
Average sales price was $224,441 (Dec.'13)
Median sales price was $210,000.(Dec.'14)
Median sales price was $200,000.(Dec.'13)
($10,000 rise from a year ago)
Breakdown per price range & Days on Market
211 homes sold under $200,000. the avg. D.O.M.: 48
195 homes sold from $200-400,000.The avg. D.O.M.:60
46 homes sold from $400,000 and higher. The avg. D.O.M.:74
____________________________________________
As of today, the present inventory of active homes in the Fresno/Clovis area stands at 1,206.
(9% drop from previous month)
1145 active homes in Dec. '13.
We have,what I call, a present monthly absorption rate of
approx.44%.
To sum things up, You can see the average sales price
has risen slightly. The Median price has risen slightly.
The inventory of homes has dropped.
(DOM) days on market has risen. Depending on the price range & the condition of the property you are looking at.
Overall, with very good interest rates, loan programs availability, &Lower gas prices, the Real estate market looks healthy. Good time to buy. Good time to make that move.
As you probably know, most real estate decisions need wise counsel.Do not hesitate to contact me.
Put my experience & know-how to work for you!
Please see Interest rates.(As per lender, 19 month low)
As always, please contact your trusted lender. If you do not have one, I can refer you to one.
Ask me how much your home is worth?
Contact me for your Free, no obligation consultation.
Have a great rest of the week!
Best Regards,
Derek Monreal
RE/MAX GOLD "Over 20 years experience. Integrity"
RE/MAX GOLD "Over 20 years experience. Integrity"
7050 N. Fresno St., #204
Fresno,CA 93720
Direct:559-349-0296
E-mail address: listwithderek@gmail.
E-mail address: listwithderek@gmail.
Mobile:http://rem.ax/1Bs8Utl
Facebook page: http://rem.ax/1Bs84gq
" I LOVE REFERRALS! " "I Donate 10% to Charity"
LIC#0111933
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