JUNE RE UPDATE:CLOVIS MARKET, FRESNO MARKET, JOSHUA'S GRADUATION, FEDS RAISED RATES?

June 13, 2017

JUNE RE UPDATE:CLOVIS MARKET, FRESNO MARKET, JOSHUA'S GRADUATION, FEDS RAISED RATES?

Hey Friends- Real Estate Update! I have divided the Fresno & Clovis areas.

For the FRESNO area,The average sales price in May was $251,117. 9% rise since March!

The median sales price rose to $229,000. May showed that the Fresno market values had held steadily for 2-3 months, but is now rising.

ACTIVE HOMES. Active homes on the Fresno market is 747.
In Clovis, 260 homes are active. The low inventory of homes will keep putting pressure on home values to rise.

In the Clovis area, the average sales price is $341,058. The median sales price was $301,970. Slight drop since March. If you are thinking of moving to the Clovis area, Once again,I suggest you do as soon as you possibly can. Don't hesitate to contact me for accurate information on Clovis homes. I will give you my Professional opinion & thoughts, on the Builders & resales in the area.

GAS PRICES. Gas prices are steady,according to Gas Buddy.com. The lowest gas prices are $2.65-2.79.

INTEREST RATES. FHA/VA is in low 4's. Conventional in mid 4's. Always confirm with your trusted lender. (FEDS just raised interest rates today)
If you do not have a lender, I have some excellent lenders I can refer you too!
They can get you pre-approved. Put you in a very good position to buy a home.

Anyway, with good prices and fair interest rates the local real estate market remains healthy.

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

MY SON'S GRADUATION

My son, Joshua, graduated last week! It was an amazing thing, really. With all the health issues my son had at birth & later on, I Truly give God the thanks!

Again, contact me for your real estate needs!

Many Blessings,

Derek Monreal

Realtor