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Fresno California Real Estate

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The Glass Companies are BUSY

November 6th, 2013 · No Comments

I am a Property Manager and this morning I received a call from a tenant who told me her home was broken into while she was away for a few days.  They took her computer and jewelry.  Location of the home: Palm/Shields

IMG951840

The burglars entered by breaking one of the small windows [ 7”x11”] on the side door.

I got on the phone and called one of the local glass companies who quoted me $96 for the trip out and $5.00 for the glass.  I asked them if they could do it today and they said NOPE: too busy.

So I called another company and the guy told me the trip charge is $60 – $100 – depending.  So before I went any further I said “look, what I need to know is if you can do this job TODAY?” 

His answer: “NO WAY — TOO BUSY!”.  He then proceeded to tell me that he hasn’t been this busy since 1984 and it’s all due to BURGLARIES.

I suggested to him that perhaps it’s time to get the hell out of Fresno but he said he is hearing the same thing from other glass companies all over California.  He mentioned L.A. in particular.

and BTW  —->  I did find a  guy who is going out to take care of that window for $40.00 — trip, glass,& labor included.  I have just added him to my list of repair personnel.

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Biola, California — Things that make me wonder???

August 31st, 2013 · No Comments

Biola, California CA 93606 profile: population, maps, real estate, averages, homes, statistics

Take a look at these stats and tell me how people are managing.  Note that in 2000 the median income was over 50% higher than it is today while the prices of housing  is up 260%

How have we managed to create such a disparity?

biola stats

 

 

 

 

 

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Underwater Mortgages Recede as Fresno County Home Values Rise

July 8th, 2013 · No Comments

Read the recent article from the Fresno Bee HERE

Simply put – inventory is TIGHT

How tight you ask?

Take a look at todays 24 HOUR MARKET WATCH

24_hr _7_2013

We have 45 new listings and in the last 24 hours 64 homes have gone into contract.  The market is highly in favor of Sellers… that is, the ones who are ABLE to sell.  Still a lot of folks underwater.

I recently helped an investor purchase 3 homes: Two traditional sales and one short sale.  On both traditional sales there were MULTIPLE OFFERS and my Buyer had to pay over the ask to get the properties.  Even so, he ended up with what we both believe to be great bargains.

One of the homes he purchased for $139k  I have leased for $1085.00 per month
Another home he paid $167k and I have just got it leased for $1495.00

The most recently purchased of the three was $125k and I am working on getting it leased for $1200.00 per month.

 

 

 

 

 

 

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Good News For Fresno CA Homeowners

January 17th, 2013 · No Comments

The latest stats from the California Association of Realtors show prices of Fresno homes in December rose 6.3% in month-over-month sales  (meaning December sales prices were 6.3% higher on average than November sales prices) and a whopping 15.3% year-over-year.

You can read the report online here;  December home sales and price report.

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Fresno Real Estate Inventory Drying Up

December 13th, 2012 · No Comments

I’ve been noticing for quite some time the dwindling inventory in the Fresno Real Estate Market. Listings are being out numbered by pending sales at a significant clip.

This is what I saw when I logged on to the MLS today.

This means over twice as many homes went into contract (Pendings =52) in the last 24 hours then came onto market (New Listings = 23)

Its a trend I have been observing for quite some time which perhaps is now exacerbate by the Holiday Season. The other factors I think influencing this market imbalance is a slowdown in foreclosures and underwater homeowners waiting for rising prices. Its still a Buyers market.

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Renters Beware — Fresno Rental Scams

October 31st, 2012 · No Comments

This blog should go under my series titled “So You Want To Be A Landlord

But I’m putting it out there as a warning to anyone renting property in the Fresno area.
I have a property I am renting in a gated community in North West Fresno.  Most all properties rented in that area are going for around $1100.00 minimum per month.

One of the places I have the property listed on is Craigslist.  Well some scammer simply copied my ad and offered the place for $700.00 per mo.  Fortunately I have a sign on the property so when people have driven by to look at the property (per instructions of scammer) they see my sign and call me to find out why there is a discrepency between the number of the person they are corresponding with via the SCAM ad and me.

The scammer that has the bogus ad tells the would be renters that her name is Phylis H********n which is the name that is still showing on public records, only she is no longer the owner because my client recently bought the property.

One of the people who responded to the scammers ad said she felt it was “too good to be true” and added that her suspicions were futher raised when the scammer sent her to the property without providing a gate code.  She said she addressed several of her concerns to the scammer via email and they were all ignored but the scammer did ask for her to wire money.

On the Fresno County website there is a warning about Rental Scams and they say they arrested one man who rented over 40 homes that were not his.

If you’re a landlord you should consider posting a sign (as I did) in the window and warning about Craigslist scammers.Here’s a picture of it:

 

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California State University, Fresno

September 18th, 2012 · No Comments

One of my sons recently graduated from Fresno State (Summa Cum Laude) with a degree in Electrical Engineering.  I just happened to come across this while reading about the University on Wikipedia and thought is BLOG worthy:

Forbes Magazine ranked Fresno State as one of “America’s Best Public Colleges in the U.S.” in 2009

via California State University, Fresno – Wikipedia, the free encyclopedia.

I suppose I should add that the aforementioned son was fortunate to land a very good job shortly thereafter.

 

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Fresno County Restaurant Inspections

July 26th, 2012 · No Comments

Courtesy of the Fresno Bee you can review the health inspection report of your favorite Fresno eatery.

Its great that you can use YELP to find out what others have to say about the food but the health inspection report allows you to know what inspectors see when they go behind the counter.

If your eatery has a violations you can go here and read the report by the health inspector:

There is a little place I like to stop into for tacos (which I will not mention by name) but after reading the health inspection report I have second thoughts about ever eating there again.

 

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Economic recovery: Fresno area ranks 99th out of 100 metros – Business – fresnobee.com

June 28th, 2012 · No Comments

IT SUCKS TO HEAR IT BUT THIS IS WHAT THEY SAY :  Fresno continues to lag behind most of the nation in its pace of economic recovery, ranking 99th out of the 100 largest metropolitan areas in a Washington think tank’s latest analysis Wednesday.

READ MORE HERE

I’m sure some people may think: “why does he post negative news about Fresno if he wants to sell people property there?”

Good question.

Yes, I do want to sell people property.   Those stuck in Fresno (.com) because of family,  job,  or whatever need housing and I’m hear to help them but as a salesperson I don’t want to encourage anyone to live here unless they have to

Seriously, we have crappy air, high crime and huge gang problems, add to that Fresno recently ranked number one as the city where your most likely to get your car stolen ;  high unemployment and I don’t have the url handy but I recall that Fresno was near the bottom of the list of the health ranking for California countie.  I distinctly remember that Marin County was the # healthiest county in the state. I dont know about you but if I could I would be living in Marin County or San Diego.   However,  if you’re stuck in Fresno (.com) like me and need to buy or sell property, I’m here to help you :)

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Fresno CA Real Estate Market Statistics

June 25th, 2012 · No Comments

Years ago I would comment on how lop-sided the market was to the sell side.  For example in THIS POST from Aug. of 2007 the stats showed that sellers were over buyers by over 3 to 1.  Things have really changed.  Last week on one of our Fresno MLS 24 hour market watches we had one day that was REALLY balanced.

Take a LOOK:

Notice the New Listings = 47 and the Pendings (properties that went into contract) = 47 and the Solds (properties that closed escrow) = 46.

That’s a pretty well balanced market.

Here’s a look at today’s stats:

Notice that  Pendings and Sales are little bit more than New Listings.  Lately this has been typical.

Translation: Everything coming onto the market is getting scooped up.

An imbalanced market to the sell side took prices down.  If the Market continues to show buyers over sellers then prices should begin to firm up, maybe even rise some.

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