OCT. Real Estate Update: AUG. & SEPT. SALES, More inventory? FIRST MAN & HALLOWEEN

October 16, 2018

OCT. Real Estate Update: AUG. & SEPT. SALES, More inventory? FIRST MAN & HALLOWEEN

Hi Friends- OCTOBER!!

Well, friends, what is happening in the local

real estate market?

Well, friends, We are at the 3/4 mark of

this year.

Fresno market is a little wobbly. After rising
to an avg. of 5% at the 6 month mark, it has
dropped.

As of the end of September, it is showing less
than 2% for the year.

The Fresno market may just be stabilizing.

Clovis market for the year is up over 5%.
Madera market as well. 7%. Madera has some
suburban areas doing just ok.
Overall, The local real estate seems to be starting
to stabilize. Up a little, but stabilizing.

I have included August & September sales

info below.

(All information garnered is from
the Fresno Multiple Listing Service)

ACTIVES. In the FRESNO market is 1091.

In CLOVIS, 333 homes are active.

MADERA area. Active homes are 201.
Inventory has increased? Yes. In Madera
up 7%. Clovis up 6.7%. Fresno up almost 11%.
Increasing inventory will continue to put the
brakes on rising values.

The avg. sales price in the FRESNO area in

Aug. was $277,016.There were 436 sales.

The median sales price rose to $260,000.

Days on Market 30.

in Sept., was $276,829. There were 436 sales.

The median sales price rose to $250,000.

Days on Market 36.

Over the last 2 months, values have trended down.

CLOVIS area. August. The average sales price

was $349,460. 184 sales.The median sales price

was $334,500. Days on Market 29.

Sept. The average sales price was $345,035.
136 sales.The median sales price

was $325,500. Days on Market 31.
Values are starting to stabilize in Clovis.

MADERA, August. Average sales price

$264,643. 65 sales. Median was $260,000.

Sept.the average sales price $282,726.

65 sales. Median was $265,000.
Average days on market 57.
Madera market is starting to wobble a little.

Will the trend of a stabilizing market remain?
Or will it start to rise again in these areas?
I hope to have answers for these next time.

--------------------------------

Personal side...Just saw first Man: Ryan Gosling
movie. IMHO, it was ok to good. You may like it quite a bit.

Also, do not forget. I may have a few discounted movie tickets
Left for the direct sequel to the original HALLOWEEN movie.
Should be a silly spooky time!