November R. E. Update: OCT..SALES, Market stabilizing? More homes on the market? Interest rates, Gas prices, Biopsy
Hi Friends- Happy Thanksgiving!!
*November. ACTIVES. In the FRESNO market
is 1060. an increase of active properties of
25.5 % since January. In CLOVIS, 329 homes
are active. Up 31.4 % since January.
MADERA area. Active homes are 225. Up 31.6%.
I have included October sales
I have included October sales
info below.
(*All information garnered is from
the Fresno Multiple Listing Service)
The avg. sales price in the FRESNO area in
Aug. was $281,829.There were 460 sales.
The median sales price rose to $256,500.
Days on Market 35.
2.7 % increase in values for the year.
CLOVIS area. October. The average sales
price was $341,139. 135 sales.The median
sales price was $315,000. Days on
Market 36. 4.1% increase in value for the year.
Values are starting to stabilize in Clovis.
MADERA, August. Average sales price
$275,380. 73 sales. Median was $264,900.
Average days on market 46.
12.70% increase in value. Most of the increase
happened at the beginning of the year as people
turned from the higher priced homes in the
Clovis/Fresno area & went to Madera.
Presently, Madera homes are moving slowly.
Also,Interest rates are near or over 5%.
Plus, Gas prices have risen this year 15%.
This includes the taxes the state imposed.
12.70% increase in value. Most of the increase
happened at the beginning of the year as people
turned from the higher priced homes in the
Clovis/Fresno area & went to Madera.
Presently, Madera homes are moving slowly.
Also,Interest rates are near or over 5%.
Plus, Gas prices have risen this year 15%.
This includes the taxes the state imposed.
Questions last month were: Will the trend of a
stabilizing market remain?Or will it start to rise
again in these areas?
Overall, I see the trend of the market stabilizing.
Rising slowly as they have this year. With some
areas,possibly. dipping in value.This can always
change. Even with higher gas prices & higher
interest rates, I still see values rising. But, as I
mentioned very slow.
It will be interesting to see where we end up at the
end of the year.
--------------------------------
On a Personal side...My son, Joshua, just had a
bone marrow biopsy. We are awaiting the results.
I would value your prayers & your love.
(Photo of my family. Joshua in the middle)
Again, Happy Thanksgiving! May you have a
blessed Holiday!
bone marrow biopsy. We are awaiting the results.
I would value your prayers & your love.
(Photo of my family. Joshua in the middle)
Again, Happy Thanksgiving! May you have a
blessed Holiday!
Derek Monreal
Realtor
7050 N. Fresno St., #204
"NEVER TO BUSY FOR YOUR REFERRALS! "
"I Donate more than 10% to Charity"
LIC#0111933
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