Blogging Broker

THE GOOD NEWS:

According to the information provided by The Office of Federal Housing Enterprise Oversight (OFHEO)

in their LAST REPORT

Property values in Fresno CA increased 97.52% in the last 5 years. Fresno is actually way up there in the ranks for home appreciation [ mostly because prior to the run up prices were so depressed].

THE BAD NEWS:

According to the same report Fresno Housing Prices gave up 2.62% in the last quarter and 5.74% for the year. Those numbers, however, conflict with the those reported in the Fresno Bee, Sunday DEC 2, 2007 (Real Estate Section – page D2) where numbers from DataQuick Information Systems are used stating values have plummeted 13.7% from Oct 2006 to Oct 2007.

The DataQuick numbers in the Fresno Bee show the following:

Median Price: Oct 2006 $289,750

Median Price: Oct 2007 $250,000

From what I know of the market I would say the more provincial report from DataQuick looks like a far more accurate figure than that reported by the OFHEO.

© Randy “Lazarus” McAtee
Owner / Broker Lazarus Realty
559-301-1647
lazarusrealty@gmail.com