What percent of homes for sale are foreclosures & short sales? January sales, Prices up? Renovated home?
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Real estate market. REO's(Foreclosures) & Short sales. Presently, There are only 8% of the total market. Very minimal. I have been in the industry for over 20 years. Practically, the normal percentage of Foreclosed & distress homes on the market monthly as before the mortgage industry collapse in this area.
Anyway, Presently, Home prices are basically stable. Slight drop. But nothing significant. Gas prices, though, they continue down. Presently, under $2 in this area. Also, we continue to receive rain. I am praying for more. This is positive. Along with the lower gas prices. Interest rates are still good.
The state of California, overall, real estate-wise, is doing well. See link:
http://www.car.org/newsstand/newsreleases/2016releases/january2016sales
Which is positive for this area.
Please see my stats & additional commentary on the local market Below.
LAST MONTH'S REAL ESTATE SALES
As per information garnered from the Fresno Multiple Listing service, in the Fresno/Clovis area:
611 homes sold in Dec.'15.
Average sales price was $234,767
(Jan.'16)
(Jan.'16)
Average sales price was $234,701
(Jan.'15)
(Jan.'15)
Median sales price was $215,000
(Jan.'16)
(Jan.'16)
Median sales price was $212,500
(Jan.'15)
(Jan.'15)
Breakdown per price range & Days on Market
219 homes sold from $200-400,000.The avg. D.O.M.: 68
38 homes sold from $400,000 Plus. The avg. D.O.M.: 73
__________________________________________
As of today, the present inventory of active homes in the Fresno/Clovis area stands at 1,191. Steady inventory.
We have,what I call, a present monthly absorption rate of
approx.40%. A drop. January tends to be a slower month.
Overall, with good interest rates, loan program(s) availability, the Real estate market Remains healthy. Good time to buy. Good time to make that move.
As you probably know, most real estate decisions are made with wise counsel.Do not hesitate to contact me.
Put my experience & know-how to work for you! "Don't Settle for less"
Ask me how much your home is worth?
Contact me for your Free, no obligation consultation.
Have a great day!
Best Regards,
Derek Monreal
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
"Never to busy for your referrals! "
"I Donate 10% to Charity"
"Don't Settle for Less"
LIC#0111933
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